Last time hedge funds were this bearish gold price was $600
Futures data show hedge funds cutting net bullish positions to below 1 million ounces for the first time in 9 years while going short a record 306 tonnes of gold.
Latest Stories
Wildfires in Western Canada force miners to halt operations, shipments
Production hasn't been affected so far, but some companies such as Cameco and Areva Resources had to suspend shipments.
Iran permission to sell uranium, other nuclear products imminent — report
The potential agreement could resolve a 12-year dispute over Tehran's nuclear ambitions.
Anglo Asian shares soar on record gold production
The miner increased production by 32.8% to 35,938 ounces between January and June at its flagship Gedabek mine.
Nine companies Brent Cook expects to see on the other side of the gold market wasteland
In this interview with The Gold Report, market veteran and Exploration Insights author Brent Cook shares his travel stories and the companies he thinks will shine when the sun returns to commodity prices.
First time ever: Gas overtakes coal in US power mix
Already battered by increasingly onerous regulations on pollution from power generation, U.S. coal miners are now suffering the impact of cheap natural gas on the industry.
True Gold injects $14 million to its Karma gold project in Burkina Faso
The Vancouver-based company said it is on track to pour its first gold at the mine in the first quarter of 2016.
Guyana gold mine aiming for September start-up
90,000 ounces per year project will start as an open-pit mine.
Revamped portal accesses ABB’s insights to the mining sector
New “ABB in Mining” website contains enhanced content and features to maximize user experience