Gold price: Hedge funds add 30% to bullish bets
Large investors increase their net long positions by over 30% to 9.1 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:
Investors take chunks out of Newmont after big loss, reserves cut
Shares in world number two gold miner drop in heavy volume after missing on earnings and revenue and slashing gold and copper reserves.
Gartman ‘quietly’ turns bullish on gold price
Noted investor and closely followed newsletter writer Dennis Gartman lays out three reasons for his optimism.
Weak Chinese factory data dents copper price
A gauge of manufacturing activity in top copper consumer China is down six months in a row and at the lowest level since July.
Two ‘outright’ bears have second thoughts on 2014 gold price
Gold is no longer "the favourite asset to short or ignore completely".
Gold price bounces around on jobs, inflation data
A drop in jobless claims showing the downtrend in US unemployment remains intact pushed gold as low as $1,307 before inflation figures and weak manufacturing data prompted a recovery.
Shareholders shrug Yamana losses and revenue, production miss
Despite quarterly loss of $584m, the $8.5 billion share is up 23.5% year to date and enjoys a higher valuation than gold miners producing millions of ounces more per year.
Report: India may slash gold import tax to 6% before end of Feb
Government official tells the Wall Street Journal gold import duty would be cut to between 6% and 8% from the current 10% before the end of February.
Gold price deepens losses after Fed minutes, Lockhart comments
"Only dramatic developments would cause the Fed to alter the pace of its steady reduction in asset purchases."
China’s record copper, iron ore imports are not being put to work
With credit tight inside the country, China's record-setting copper and iron ore imports and stockpiles are being used for financing deals.
Mining’s nuclear reality check: SMRs are still not on miners’ shopping lists
Small and micro modular reactors are at the very bottom on miners’ low-carbon energy plans. That is striking given the hype around SMRs, the AI-driven nuclear revival and the increasingly bullish outlook for uranium.