Newmont Mining Raises A $2 Billion Dollar Blind Pool

In what I believe is the largest bond deal ever issued by a mining company, Newmont just raised $2 billion in what essentially amounts to a blind pool, as they have not indicated any specific use for the proceeds. Here's the link to the announcement:

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What is most significant about this deal is that it shows just how much money is on the sidelines and looking for investment opportunities in the precious metals and mining stock sector.  When I heard about this deal coming yesterday I expected, based on my experience in the bond market, maybe a $500 million deal.  The fact that big money is willing to give $2 billion to Newmont on these terms is a harbinger for the kind of capital that is starting to rush into the sector.

The bull market in precious metals and mining stocks is just beginning to enter its second stage.  If you position yourself correctly with gold, silver and mining stocks you will experience a change-of-lifestyle increase in wealth.