Too many shops! That is the awful reality for traditional retailers, and investors in retail-focused funds, because there is no hope of a sudden revival of shopping as we have known it.
"Doomed from the day it was conceived, and rightly so". They were the opening words used in this column five months ago about the proposed merger of the Australian and Singapore stock exchange - and they're worth repeating today.
Tipping the gold price, and the future price of gold stocks, is a mug's game, unless a clear value gap can be demonstrated - which is what appears to have been done in a rather interesting piece of recent research.