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An Insider's Guide to the Mining Sector: An in-depth study of gold and mining shares by Michael Coulson

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Introduction

Give us the boy

It was a bright morning in early 1971. I had been seconded as part of my graduate training course at London stockbrokers James Capel to assist on the mining desk, having expressed an interest in becoming involved in international securities rather than the domestic share market. As the Jesuits say, give us the boy and we will have him for life. My lifetime addiction to mining began that spring day.

As a trainee I was not expected to arrive at the same time as the department, trainees have a way of getting under everyone’s feet and their absence is seldom regretted. As I opened the mining department door that morning I was met by a scene of pandemonium. The mining desk stretched across the institutional equities ...

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