Frik Els

Frik is editor and writer for Frik has worked as a financial journalist for 15 years appearing in a number of business and consumer publications including British Airways in-flight magazine, Business Insider,,, YCharts and Business in Vancouver. Frik was a speaker at the 2014 Global Mining Summit in Las Vegas, the Mine Lifecycle Management conference in Salt Lake City and the 2015 Canada Investment Conference in Vancouver. (DISCLAIMER: Frik Els does not own shares or hold positions in any of the equities he writes about. Nothing written should be construed as a solicitation to buy or sell any securities. Seek the advice of a broker/dealer first.)

Here comes another Venezuela gold fire sale

Crisis-hit Venezuela has $9.5 billion in debt payments due and really only its gold reserves to pay for it. But these bullion deals come at a steep discount.

CHART: Gold price vs oil has never been this out of whack

For the first time since the height of the Seventies oil crisis and the end of the gold standard does an ounce of gold buy you more than 34 barrels of oil.

Gold price jumps to 3-month high

Hedge funds increase bullish bets on gold price more than 10-fold, positioning for further upside.

Gold ETF investors come roaring back

More than $2 billion flow back into physical gold-backed ETFs in January.

Caterpillar sees no signs of mining improvement

Quoting levels "very low" and machines already sold are not being put into service by mining companies.

Iron ore price: Seaborne trade is Opec on crack

New warnings about impact of super-concentrated supply of steelmaking raw material.

CHARTS: Chinese supercycle can't be repeated

Mining hits a BRIC wall.

One more reason you don't want to mine nickel

There's a reason It's called the devil's copper.

CHART: Stop panicking about Chinese growth

China’s slowdown is nothing new. Growth peaked in 2007 and had been on a clear downward trend since 2011.

Hedge funds in major commodities rethink

Silver attracts buyers, gold price lifted out of historic net short positioning as large futures speculators cut overall bearish bets on commodities by 74%.

This is what a mining, metals market meltdown looks like

Three of the world's top mining companies are now trading over 90% below their boom year highs as the 2016 commodity sell-off gathers pace.

Ex-Barrick CEO said to offer $1bn for Glencore mine

Aaron Regent "is competing against a small number of Chilean-focused operators" for Glencore's Atacama copper mine according to reports.

How the iron ore rout is helping rare earth prices

The world's largest producer of cerium – the bellwether for the rare earth industry – does so as a byproduct of iron ore mining.

Iron ore price drops back below $40

Iron ore price already down 8% in 2016, despite a surge in Chinese imports to 96 million tonnes in December, pushing 2015 cargoes to an all-time high.

One reason why no-one's buying bargain mines

Volatility and fair value.

The one copper price vs China chart you want to see today

Absolute numbers.

Platinum, palladium bear brunt of brutal 2016

Platinum hits record discount against gold price and palladium already down 16% in 2016, despite record setting global auto sales.

With markets gripped by fear these gold charts offer solace

Gold has experienced five bear and bull cycles since the 1970s – if history is a guide the current down leg could be in its final months.

Hedge funds have never been this bearish on commodities

Gold is the big exception with managed money futures investors slashing bearish bets on the gold price by 44%.

Brazil tailings dam spill much smaller than original estimates

BHP Billiton said Friday the dam burst at the Samarco iron ore mine in Brazil released 32m cubic metres of sludge, almost half earlier estimates.

Worst year for US mining jobs since 1986

12 straight months of losses see 129,000 positions eliminated, the deepest jobs cuts in 29 years and the third worst annual decline since 1939.

Top Chinese bank buys 1,500 tonne London gold vault

Beijing's ICBC, the world's largest bank, is also applying to become a clearing member of the $5 trillion over the counter London bullion trade.

Anglo American teeters on the brink

Fresh selloff brings year loss to 80%. Outside metal prices rebounding (aka divine intervention) and barring extending a begging bowl, what will save Anglo?

China may be regretting modest forex gold buys

Given the rally in the gold price purchasing more than 19 tonnes may have cushioned the record $108 billion fall in China's forex reserves in December.

Copper price in renminbi rout

Copper price falls as much as 4.7% as chaos on Chinese stock markets and renminbi devaluation intensify growth fears for world's top metals buyer.