Heavy selling of gold stocks may point to further declines for bullion
The sector takes a battering on Tuesday led by 6.7% decline for Goldcorp, world's most valuable gold miner.
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:
Gamechanger: Chinese Valemax ban could be relaxed soon
With iron ore freight rates soaring, lifting the ban on Vale's mega-carriers could be a game changer.
India gold imports plummet 70%
Government curbs, a falling rupee and higher dollar gold price in August drove Indians out of the market.
Gold price falls to near month-low on Syria deal
Losing sight of $1,400.
China turns JP Morgan bullish on copper
Investment bank goes tactically overweight on base metals (and closes underweight position on precious metals).
The best indicator of China’s commodity trade is on an insane surge
Freight rates for iron-ore carrying vessels are up an astonishing 67% since end of August.
Iron ore price indicators all point up, but there’s an (Indian) elephant in the room
Demand in China is surging, but India is desperate for foreign currency and could start dumping ore on the spot market.
Traders don’t see Syria doing much for gold price
Despite the worries over war in Syria and Friday's disappointing US jobs report, precious metals traders are evenly split on gold's direction next week.
From Cherry Point to China: ‘Bizarre’ mission creep of Washington state coal terminal review
State review of proposed coal terminal will take into account carbon-dioxide impact when coal shipped from Washington is burned in other nations.
Simandou probe now involves 6 countries
The rights to one of the world's richest iron ore deposits is the subject of an unprecedented global corruption investigation.
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.