Near record shorts could set up huge Fed gold price surprise
Bets made by managed money that gold will fall sets up a potential short-covering rally if the Fed delivers a taper surprise on Wednesday.
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:
North American rare earth stocks jump on Lynas woes
Opponents of the Australian rare earth miner's controversial Malaysian refinery are calling for a shutdown after an accident at the facility over the weekend killed an engineer.
$78bn fall in gold assets leads record investor exit from commodities
Precious metals main reason behind record decline and outflows from commodity assets under management in 2013.
Shares of gold mine waste retreatment firm surges 28%
Johannesburg-based DRD Gold is introducing new technology to extract more gold from old surface tailings.
India gold import curbs could be eased by year-end
The economic situation has improved to such an extent that some curbs may be lifted when the government releases a review of the restrictions at the end of the month.
Rio Tinto says Chinese now make ‘much higher quality’ mining equipment
The CEO of world number two miner Rio Tinto said the quality of Chinese mining equipment is catching up and in some instances surpassing that of the major US manufacturers.
Gold price: No taper could bring ‘relief rally’
On the flip side a taper surprise could see the gold price test 2013 lows around $1,200.
Gold price finds footing ahead of Fed
But upside is limited by continued ETF gold liquidation.
Grasberg lifts copper price to near 3-month high
The spot market for copper is extremely tight with premiums over 3-month contracts touching 18-month highs and Indonesia's export ban adding uncertainty.
Augusta shares surge as giant Arizona copper mine clears hurdle
Vancouver's Augusta Resource Corp opened 18% higher on Friday after the release of a positive environmental statement on its Arizona copper mine.
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.