Is this gold price jump the turning point?
Gold leaped more than 2% to a five-week high Thursday on a futures market in rare backwardation and where hedge fund investors are short 323 tonnes.
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:
The real reason the copper price is being crushed
Hidden Chinese inventory and the carry trade.
Report: At least one large gold hedge this year
After a dramatic 2014 with 103 tonnes sold forward, gold producers' hedge book activity died down in Q1, but new report says more big deals likely.
Hedge funds remain ultra-bearish on gold price
Large-scale speculators on gold futures market remain net short for third week – bearish positioning not seen since records began in 2006.
Vale ordered to halt production at giant Amazon nickel mine
Judge also orders compensation for indigenous people in the region following protests at mine responsible for 9% of Brazilian giant's nickel output.
China’s central bank continues to stock up on gold
Amid a currency and credibility crisis The People's Bank opts for transparency by updating its official gold purchases – only the second time since 2009.
Is Glencore about to dump $16 billion of stockpiles?
JP Morgan Cazenove says Swiss commodity trading giant has to start off-loading inventory to slash its $48 billion debt pile and keep its credit rating.
Massive buying of gold stocks as fear trade returns
Currency wars and hedge fund short covering lift gold price sending investors piling back into gold mining stocks.
Iron ore price rally safe from yuan devaluation
High cost domestic Chinese iron ore mines will stay shut, boosting already surging imports.
Silver Wheaton shares on a tear after record quarter
Streaming company ups production 29% in Q2 and CEO Randy Smallwood says expansion opportunities abound in today's market.
Top 50 mining companies power through Iran war – up $250 billion in 2026
The world’s 50 biggest mining stocks shrug off global turmoil, hitting a combined $2.4 trillion value in Q1, but the tide did not lift all boats.