The gold price and the big short
Speculators in gold price futures are short 670 tonnes – the biggest bearish position in 25 years.
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:
Lithium price: Chile giant’s scorched earth strategy
Playbook follows success in the iodine market
Mining and metals markets crater as copper price enters bear market
Investors found no solace in traditional safe haven gold with the precious metal setting a one-and-a-half year low.
Copper price: BHP averts strike at Escondida
After a near 5% drop on Wednesday, news that a strike had been averted at the world's largest copper mine put a cap on hopes of a recovery for the bellwether metal.
Copper price falls as China investment grows at slowest pace on record
Called off strike at world's largest copper mine adds to pressure on copper price now down nearly 20% in little over two months.
Barrick shares bounce on final permits for giant Alaska gold mine
Rough day for world's top gold mining company ends on high note.
CHARTS: Warning for bears as gold price drops through $1,200
Hedge funds' bearish bets hit new record amid historically low gold price volatility as new report warns of "complacency" and "trend projection".
Stellar rhodium price rally could be coming to an end
Price for scarce precious metal rhodium is up 270% in two years.
No love for KAZ mega copper project
Shares down by a third after London-listed miner pays $900m for Russian copper project that will take another $5.5 billion to build.
Copper price: BHP plans for Escondida strike
BHP said final wage offer rejected on Thursday was "best collective labor contract at a private mine in the country."
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.