Gold

Stephen Moore's greatest hits

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Illustration: Lazaro Gamio/Axios

Stephen Moore is still on track to be nominated to one of the Fed's open board seats.

Driving the news: This week, Moore went on CNN to say that "a gold standard would certainly be better than what we have right now" and that surging oil prices in mid-2008 were caused by loose monetary policy.

Barrick Gold seeks hostile takeover of Newmont Mining

Barrick Gold Chariman John Thornton speaks during the Barrick Gold's Annual General Meeting at the Metro Toronto Convention Centre.
Barrick Gold chariman John Thornton. Photo: Cole Burston/Toronto Star via Getty Images

Barrick Gold made an $18 billion hostile takeover offer for Newmont Mining in order to create the world's largest gold miner.

Why it matters: This would be the endgame for what has been a stunningly swift consolidation of the gold mining sector. Barrick last fall bought Rangold for $6.5 billion, creating the world's largest gold miner. Then, just last month, Newmont agreed to buy Goldcorp for $10 billion in order to create ... well, you guessed it. At the time of that last deal we wrote: "Your move Barrick."