Shorts could be behind gold price flash crash
Gold's brief $30 an ounce drop on Monday after a 1.2m ounce trade could be hedge funds and large investors defending their record short positions.
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:
Dr Doom lifts mining gloom
Predictions of a hard landing in China will not pan out and global emerging market growth will accelerate in 2014 lifting demand for metals and minerals.
And the 2014 award for the top gold bear goes to…
Head of non-traditional asset classes at top Swiss wealth firm says 2014 will be awful for gold, but if you must own it, best keep it under your mattress.
2014 gold price rally builds against record bearish bets
Gold jumped again on Friday and with shorts climbing to a record 8,3m ounces any sustained rally will spark a scramble by hedge funds to cover their positions.
Chinese factory data brings copper price surge to end
Moderating Chinese manufacturing growth and worries about new supply give pause to the bulls.
Gold price kicks off 2014 with a bang
Gold price jumps more than 2% or $28 on first trading day of the new year as bargain hunters return to the market.
Australian iron ore exports resume after cyclone
World's largest iron ore terminal Port Hedland reopens and miners return to work after anticipated disruptions caused a jump in the iron ore price.
Supply worries cloud 2014 mining outlook
But bubbly stock markets could see investors return to the sector as 2013's plunge in commodity prices make metals and minerals look cheap.
TIMELINE: Gold price from QE1 to the taper to chair Yellen
The relationship between the gold price and the US Federal Reserve broke down in 2013. Incoming chair Janet Yellen may still bring them back together.
BEAR GRIP: 9 ways 2013 changed gold for good
1980 called. Wants its gold price back.
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.