A trader just placed a giant bet on a $130 rise in the gold price
Professional trader, probably working at a hedge fund, could net $50 million from call option on gold-backed ETF if gold rises to $1,350 before end-March.
Latest Stories
Gold, silver price rally: No convincing ETF investors
Bullion is still being pulled out of physical gold and silver-backed ETFs.
Ivanhoe Mines excoriates Globe and Mail over Platreef report
Article implies that the company engaged in illicit practices to obtain the necessary permits for its Platreef mine in South Africa.
Gold price jumps to highest since October
Slumping stock markets, doubts about US rate hikes, a softer dollar and the oil price implosion sends gold price to highest in two-and-half-months.
The days of $100 oil are gone: Saudi prince
"There's less demand, and there's oversupply. And both are recipes for a crash in oil. And that's what happened. It's a no-brainer."
One man convinced the oil majors to give Nova Scotia another look and now they are spending $2B
Discovering what the oil majors had missed.
Real gold explorers take no prisoners says Thibaut Lepouttre
Gold-tracker Thibaut Lepouttre treks the world hunting for solid gold mines and companies with the guts to dig for riches.
Canadian Natural Resources slashes spending, defers oil sands project
The firm is deferring the first phase of the 40,000-barrel-per-day project Kirby oil sands project in northern Alberta, originally targeted for the fourth quarter of 2016.
Radisson Mining believes small is beautiful, for now
Radisson Mining Resources Inc. knows what it is—a small gold exploration company with aims of becoming a small gold producer inside 28 months.
