Resource Investor
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Resource investors have certainly been enjoying the broad based upturn in commodity prices, especially as gold breaches or approaches highs in several currencies. However, the US dollar remains the key obstacle, and it strengthened on Tuesday to take the wind out of the sails for several metals. Yet the SPDR Gold Trust ETF isn't showing any signs of caving in to temporary pressures as investors continue to add to its holdings which now stand at 36.7 million ounces. Indeed, this past March alone saw investors spend $828 million on GLD bullion.

And that sentiment is helping the M&A market which continues to see considerable activity headlined by the takeover offer for Lihir by Newcrest. We have more detail on the bid and why Lihir investors are likely to accept Newcrest's cash and paper.

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April 12, 2010
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