Hedge funds add record 61% to bullish gold bets
Smart money playing catchup after three weeks of gold price gains add record number of net long positions for the week to 12.1 million ounces.
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:
VIDEO: Rio’s robot army has been to the moon and back 5 times
The autonomous trucks mining the Pilbara controlled from Rio Tinto's nerve center in Perth have moved 200 million tonnes and traveled 4 million kilometers.
Strike is over but platinum, palladium prices have plenty upside
New report says risks to supply remain substantial.
Glencore said to be eyeing Simandou North
Glencore has little exposure to iron ore and the commodity has long represented the bulk of profits at the Swiss-based company's diversified peers.
Copper price: Emptying warehouses spark red hot streak
The copper price has defied all predictions of a steep decline this year and is now honing in on 4-month high after the longest rally since 2005.
Cayden hits best Mexico grades yet
The Peña de Oro target at the Vancouver junior's El Barqueño property in Mexico intercepts 45 meters of 4.06 g/t Au with 0.39% Cu and 19 meters of 4.98 g/t Au with 0.26% Cu,
Anglo American not interested in Simandou north
Diversified giant Anglo American won't be bidding for the one of the greatest iron ore prizes anywhere in the world.
China finds massive hole in $80bn gold financing industry
Following on the heels of copper and iron ore financing scandals, Beijing uncovers fraud in gold-backed loan industry dating back more than two years.
CHARTS: Gold price entering make or break territory
Was last Thursday's $50 surge in frenzied trading just a blip?
There’s no budging these gold price bears
"Any price level above $1,300 per ounce must be viewed as opportunity to sell gold."
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.