What hard landing? Chinese bulk trade barometer surges to 3-year high
Baltic Dry Shipping Index has surged 220% this year as the iron ore and coal trade continues to defy Chinese bears.
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:
Oil sands crude jumps nearly $20 a barrel in a month
A rally in US oil to six-week highs and a 25% narrowing of the discount paid for Canadian crude help bitumen-derived oil close in on $70 a barrel.
Simandou hearing delay hints at Vale-BSGR settlement
Work on half of the giant Simandou concession in Guinea has been halted amid a corruption probe, but the door to a settlement between the Western African nation, Brazil's Vale and Beny Steinmetz's mining arm may be in the offing.
Last time hedge funds were this bearish, the gold price was $700
Hedge funds are the least bullish on gold since 2007 prompting contrarians betting all the big sellers have been flushed out, to push gold higher Tuesday.
MUST READ: Gold – the race for the world’s most seductive metal
Matthew Hart's gripping Gold chronicling the fever that has captivated the human race for more than 6,000 years at times reads more like a thriller.
One of Goldman Sachs top trades for 2014: Go short copper
Bank says you can make a 25% return if you go long on Chinese equities and short copper next year.
New Barrick chief uses the h-word
Incoming chief at world's number one producer John Thornton will not rule out dusting off the hedge book.
Another big bank pulls out of commodities
Deutsche, Europe's number two bank, has joined the US exodus and is getting out commodities trading, although it is keeping precious metals in its portfolio.
SHORT SQUEEZE: Gold price spikes $40
A $40 swing in the gold price, wiping out an early morning jobs number sell-off shows short positions at four-month highs could be facing a big squeeze.
Turquoise Hill sinks 26%
The owner of the massive Oyu Tolgoi copper-gold mine in Mongolia is doubling its shares outstanding with a $2.4 billion rights offer.
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.