Gold price: Hedge funds have NEVER been this bearish
Latest futures data show hedge funds cutting bullish positions 55% to lowest since October 2006 and pushing bearish bets to all-time high.
Latest Stories
Sandvik secures major Mining Systems order in South Africa
The project includes engineering, supply and installation of two bucket-wheel stacker/reclaimers with capacity of up to 6,800 tons per hour and two shiploaders with capacity of up to 11,000 tons per hour for coal handling.
Tanzania puts former mining minister behind bars over gold deal
He was found guilty of issuing illegal tax exemptions to a gold audit firm, which cost the government millions of dollars in lost revenues.
Rob McLeod: Climate change leading to major new mineral discoveries
I guess you could say it is not necessarily a good thing for the planet, but one of the few I guess industries or individuals that do benefit from a warming earth are us, exploration geologists.
South Africa’s main union rejects gold firms wage offer
Companies are keen to avoid a repeat of last year’s five-month platinum strike, but their ability to raise salaries is limited.
Investment to plummet 21% in B.C.’s mining, oil sectors in 2015: StatsCan
Investment in equipment, machinery and construction for B.C.’s mining, quarrying, and oil and gas sectors is expected to drop dramatically in 2015.
New mining code in Burkina Faso should not affect current operations — Iamgold
The code, which is yet to be formalized into law, respects clauses in existing deals, said the miner.
INFOGRAPHIC: Bitcoin is finally becoming an ‘everyday use’ currency
Over the last few years, Bitcoin has gained a reputation as an investment commodity. It has been toted as a method to preserve wealth and to hedge against currency devaluation as bitcoins cannot be “printed”.
How Canada’s emissions cuts could spur Keystone XL pipeline approval
Ottawa hopes new emissions rules will get the long-delayed Keystone XL pipeline one step closer to US State Department approval.
