Hedge funds came prepared for last week’s gold price plunge
Gold futures and options speculators added 38% to bearish bets on gold price ahead of last Tuesday's crash through $1,300 an ounce.
Frik Els , Editor
Frik has 20 years’ experience as a business journalist across a range of industries including automotive, technology and entertainment markets. Frik has an entry in Global Mining Observer’s Who’s Who of Mining 2018, and contributions to publications and conferences including Business Insider, Investing.com, Mines & Money London and New York, Vancouver Resources Investment, Progressive Mine Forum in Toronto and Canadian Mining Symposium in London, UK. He’s been interviewed on CBC Radio and Korea State TV and quoted in the Financial Post.
Posts by Frik Els:
Gold price spikes after US jobs data, then sinks
With non-farm payrolls still pointing to rate hike this year, gold price sets fresh four-month low.
Futures markets point to ‘overcooked’ coking coal price
CHARTS: Panic buying from Europe and India said to be behind met coal surge.
RNC Minerals ups exposure to near-record Aussie gold price
Debt refinancing provides big boost for ramp-up and development of Beta Hunt gold mine in Western Australia acquired in May.
The world’s largest gold project just got a whole lot bigger
Study ups production rate at Seabridge's $5.5 billion gold-copper project in BC by nearly a third, pushing per ounce operating costs into negative territory.
Technicals, Chinese holiday behind much of gold price drop
Chinese gold investors usually buy on dips, but the country's financial markets were closed for the annual Golden Week holiday.
‘Monetary supercycle’ demise could add $1,000s to gold price
VIDEO: Not all investment managers are buying into the notion that gold's 2016 bull run has been cut short.
Goldcorp’s Peñasquito could restart within day
Government mediation could end blockade by truckers and farmers at Vancouver gold miner's flagship Mexico operation, readied for immediate restart.
CHART: Despite unnerving gold price fall, mining rally’s intact
While met coal is clearly the star performer, thermal coal is probably the biggest upset – seaborne prices have jumped 65% in 2016 to above $80 a tonne.
Gold price fight back cut short by US data
Gold price turns negative again as economic activity gauge jumps, the dollar rallies and rate hikes loom – charts point to move to $1,200.
Value of EV battery nickel second highest on record, cobalt at 30-month high
Low LFP-penetration markets, Europe is off to the races in 2025 and US buyers pull forward purchases before subsidies end.
