Gold price: Physical-backed ETFs become one-way bet
SPDR Gold Shares (GLD), world's largest gold-backed ETF, has seen no inflows for 36 days straight as investors pull out 62 tonnes in seven weeks.
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:
Turquoise Hill jumps on 2016 guidance
Vancouver-based company said it is waiting for "final notice to proceed" for $5 billion expansion of giant copper-gold mine in Mongolia mine.
In January this guy launches a hedge fund to invest in metals
Orion's Oskar Lewnowski: "For a long time, metals were driven by financial flows... With those guys out, we are back to fundamentals."
Chinese commodity demand: Crisis. What crisis?
In volume terms Chinese imports of commodities led by iron ore and copper surged 17% in November, the best month in nearly two years.
Iron ore price reaches Sam Walsh ‘fantasy land’
Back in February RIo Tinto's CEO said an iron ore price in the $30s could never happen.
Hedge funds are doubling down on weaker gold price
Gold rally evaporates as large-scale speculators in gold futures extend record-breaking bearish bets, dumping 425 tonnes over five weeks.
Bears wrong-footed by jobs report light fire under gold price
Gold price surges 2.6% in heavy trading as hedge funds with record-breaking bearish bets scramble to cover shorts.
Rio’s secret weapon for a sub-$40 iron ore price
The price of iron fell again on Thursday stopping barely above $40 a tonne, but Rio's new high-grade Pilbara mine will ensure its costs keep falling.
Newmont shares jump on upbeat forecast
World's number two gold producer forecasts lower costs and "steady profitable production through 2020".
New doubts about Freeport’s Grasberg licence
Amid corruption scandal and contradicting earlier safeguards, Indonesia says won't make a decision on future of giant copper and gold mine until 2019.
Mining’s next boom is off the map: Arctic ice, abyssal plains and asteroids
Depletion, lower ore grades and higher prices pushing miners to new frontiers. The Arctic is already drawing capital, deep-sea mining is moving into a regulatory fight, and space remains the long-dated option.