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.
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:
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%.
The world’s northernmost mines
They are all located in just three countries: Norway, Russia and Canada.
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.
Private capital won’t touch mining
Only 0.6% of private capital raised in 2015 for natural resource investment is for mining projects–one wind farm fund attracted more than the entire sector.
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.
