Replies to post #2688 on Newmont Goldcorp Corp (NGT)

[NYBob]

Newmont's Buyout Offer Cleared by Goldcorp's Shareholders
Newmont Mining Corporation’s NEM proposed merger with Goldcorp Inc GG has been approved by the shareholders of the latter. Goldcorp’s shareholders have voted in favor of the plan of arrangement for the proposed merger at a special meeting held on Apr 4.

Goldcorp’s move was welcomed by Newmont as the companies are a step closer to form a leading gold business in terms of assets, prospects and resources. Notably, the transaction was approved by more than 97% of the votes that were cast by Goldcorp's shareholders either in person or by proxy at the meeting.

Newmont will arrange a special shareholder meeting on Apr 11, 2019, where its shareholders will be asked to vote on the issuance of Newmont common shares related to the proposed transaction with Goldcorp. The companies expect the deal to close in second-quarter 2019, which is subject to approval by Newmont’s shareholders along with satisfaction of customary closing conditions and regulatory approvals.

Post merger, the newly-formed entity will be known as Newmont Goldcorp. It is expected to deliver a total of $365 million in annual pre-tax synergies, supply chain efficiencies and full-potential improvements. This represents the opportunity to create $4.4 billion pre-tax net present value.

Moreover, the company will be able to leverage its combined scale, targeting a profitable gold production in the range of 6-7 million ounces over the long term. The deal offers an investment-grade balance sheet and financial flexibility to pursue promising projects that are capable of generating a targeted IRR of minimum 15%. It will have the largest gold reserves and resources in the industry, including on a per share basis.

Newmont’s shares have lost 5.4% in the past year, against the industry’s 4.5% rise.



Zacks Rank & Key Picks

Newmont currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the basic materials space are Kirkland Lake Gold Ltd. KL and Ingevity Corporation NGVT, each currently sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Kirkland has an expected earnings growth rate of 8.8% for 2019. The company’s shares have surged 104.4% in the past year.

Ingevity has an expected earnings growth rate of 17.9% for the current year. The company’s shares have rallied 53.7% in a year’s time.

Is Your Investment Advisor Fumbling Your Financial Future?

See how you can more effectively safeguard your retirement with a new Special Report, “4 Warning Signs Your Investment Advisor Might Be Sabotaging Your Financial Future.”

Click to get it free >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.

Zacks Investment Research

QuoteMedia logo

[NYBob]

FED Ready For Negative Interest Rates! GOLD 10k - Activates Global Currency RESET In Next Week
Economic Predictions 2019
Published on 18 Jun 2019

https://www.youtube.com/watch?v=Uol68n3rfrE


Newmont Goldcorp Corporation (TSX:NGT) (TSX:NGT) 'charts (double-click to enlarge):





With tariffs Trump is destroying dollar and U.S. power, Hugo Salinas Price says

Submitted by cpowell on 03:47PM ET Wednesday, June 12, 2019.
Section: Daily Dispatches
11:45a ET Wednesday, June 12, 2019

Dear Friend of GATA and Gold:

In a nine-minute video posted this week at YouTube, Hugo Salinas Price
of the Mexican Civic Association for Silver argues that President
Trump, by imposing or threatening to impose tariffs on the world,
including his country's own allies, is destroying the U.S. dollar's
function as the world reserve currency, from which the United States
draws most of its international power and influence.

Because of the dollar's function as the world reserve currency,
Salinas Price notes, the United States gets real goods from around
the world for free.
But, he adds, tariffs will undo that arrangement, since the cost of
tariffs will be borne by U.S. residents themselves.

The video is headlined "Hugo Salinas Price Comments on President Trump's
Tariff Policy" and it's posted at YouTube here:

US gets lots of stuff for free

https://www.youtube.com/watch?v=YATFB5RfwHI

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
[e-mail]

God Bless

[NYBob]

Trump Fed Nominee Says "Yes" To 0% Interest Rates And "Yes" To Gold
Mike Shedlock Mike Shedlock |Posted: Jul 03, 2019 9:12 AM



https://finance.townhall.com/columnists/mikeshedlock/2019/07/03/trump-fed-nominee-says-yes-to-0-interest-rates-and-yes-to-gold-n2549463

Return to Gold Standard

In addition to wanting 0% rates, Shelton seeks a return to the gold standard and has written that central banks ‘are the world’s biggest currency manipulators’

Her Own Words

Please consider Judy Shelton in Her Own Words.

Monetary Policy

Ms. Shelton argues that central banks’ interest-rate moves cause economic disruptions by manipulating currencies in ways that affect global trade.

Curiously, she must think that 0% rates do not cause economic disruptions.

CARTOONS | CLOSE TO HOME
VIEW CARTOON
When asked in a recent interview with the Journal’s opinion page whether the Fed should cut interest rates now, she said, “The answer is yes,” a view that aligns with Mr. Trump’s recent public comments. She said, “When you have an economy primed to grow because of reduced taxes, less regulation, dynamic energy and trade reforms, you want to ensure maximum access to capital.

Monetary Stimulus

Ms. Shelton opposed the Fed’s efforts to stimulate the economy in the aftermath of the recession, arguing that the central bank’s low interest rates and asset purchases enriched the wealthy while putting everybody else at risk of a sharp increase in inflation or a new asset bubble. “It is ironic that concern for wage earners serves to justify money pumping by the Fed that ends up largely benefiting people who have hefty stock-market portfolios, especially at a time when “income inequality” is a major White House theme,” she wrote in a 2014 Journal opinion article published after then-Fed Chairwoman Janet Yellen had addressed Congress. “Perhaps one of our elected representatives on Capitol Hill can explain to Ms. Yellen that when the low-grade fever of perpetual inflation becomes a full-blown economic malady—when the next financial bubble bursts with horrible consequences for the real economy—average Americans will pay the biggest price.”


Once again this is peculiar because 0% interest rates also cause bubbles.

The Gold Standard

Ms. Shelton has repeatedly called for a return to the gold standard, a monetary regime that pegged the value of the dollar to the value of gold. That would make it impossible for the Fed to affect the strength of the dollar through monetary policy, she writes. “For all the talk of a “rules-based” system for international trade, there are no rules when it comes to ensuring a level monetary playing field. The classical gold standard established an international benchmark for currency values, consistent with free-trade principles.

Sorry Judy. You cannot peg the dollar to the price of gold. It does not work.

You can however, make the dollar redeemable in a fixed amount of gold as long as these conditions hold.

The dollar is 100% gold back.Banks cannot lend money into existence.
There is no fractional reserve lending nor MMT madness.
Banks cannot lend money for terms that exceed deposit rights (e.g. Issuing a 2-Year CD and making a loan for 10 years)
The Dollar

Ms. Shelton favors a hard dollar, by which she means one whose value doesn’t fluctuate depending on monetary policy.

Sorry Judy, this is also impossible as stated. The three conditions above again apply.

Think Back to Nixon

For those who do not understand why you cannot peg the dollar to the price of gold, think back to Nixon.

He ended convertibility of dollars to gold because the Bretton Woods agreement pegging an ounce of gold at $35 blew sky high in a mass flight of gold to France.

You cannot have a fixed price of gold with budget deficits and monetary printing out the wazoo.

You can, under strict conditions noted above, allow a dollar to represent a fixed amount of gold. That's the correct way.

The dollar will then buy what it does. Yes, it will be very stable.

Convoluted Thinking

Shelton has clearly convoluted thinking, but arguably she is no worse than anyone else on the Fed.

I welcome the choice if for no other reason than to get gold back into discussion.

https://finance.townhall.com/columnists/mikeshedlock/2019/07/03/trump-fed-nominee-says-yes-to-0-interest-rates-and-yes-to-gold-n2549463

God Bless