Look to Chindia for gold’s love trade
The only people buying that early were quants and huge hedge funds. The question, then, was: What factors or models were the quants using to uncover gold’s meteoric rise this year?
Latest Stories
Six workers safely rescued from South African abandoned gold mine
South Africa is believed to have approximately 6,000 abandoned mines and between 8,000 and 30,000 illegal miners across the country.
Barrick Gold, Cisco push mining into digital era starting with Cortez mine
The goal is to apply the latest technology available to cut costs and bring additional value out of existing operations.
Victoria Gold outlines $508m Yukon mine
Fully permitted Eagle Gold mine will average 200,000 ounces per year for 10 years at all-in costs of just $638 an ounce.
Vancouver diamond junior’s Botswana deal falls through
Tango Mining couldn't raise $8 million to acquire Firestone's past producing diamond mine in time.
Potash Corp. and Agrium merge, create $36bn fertilizer giant
The combined firm will be the world's largest crop nutrient producer and third largest natural resource company in Canada.
Gold price: Hedge fund bears in about turn
Large scale speculators push bullish gold bets to 940 tonnes, the second highest on record.
Cummins Filtration has proved in global trials that new technology filters deliver major cost benefits
Applied to the fleet of 14 Komatsu 830E trucks at Dawson mine, savings in excess of $220,000 per year would be realised while slashing downtime for servicing by 74% or 439 hours.
Panic buying sees coking coal price jump 20% in a week
Parabolic rise to hit $180 a tonne on Friday prompts talk of a bubble in steelmaking coal market.
