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FROM THE CAPITAL
The market feels like 1990 all over again
Mining equity markets resemble those in the 1990s. Then, modest sector price gains occurred in the midst of sometimes highly disruptive macro conditions while the China growth theme was still building steam.
Withdrawal of unprecedentedly supportive monetary conditions is the overriding influence on market directions presently. Near zero interest rates had implied little or no theoretical upper bound to...
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