Last time hedge funds were this bullish the gold price was $1,900
Large-scale futures speculators like hedge funds haven't placed this many bullish bets on gold since August 2011.
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:
Gold price hammered after jobless claims fall to 43-year low
Down nearly 2% as rate hikes are put back on the table.
Iron ore price reverses as Rio Tinto predicted
Iron ore price drops as outgoing CEO of world's number two producer tells shareholders rally will fizzle out soon.
Did BHP just call the bottom of the mining cycle?
CEO Andrew Mackenzie said over the weekend "the commodities fall has stopped". Not only that – after recent rallies six are back in bull markets.
Iron ore price at $59.90 as surge extends another day
China imports volumes at record setting pace.
Copper price jumps on record Chinese imports
First quarter concentrate imports are up 34% and refined metal almost 40% compared to 2015.
Another big rally sees iron ore price nearing $60
One of the best indicators of Chinese demand snapped a three year losing streak this week.
IMF warns of another 14% drop in metal prices this year
The Fund's slightly more positive outlook for the Chinese economy not enough to halt metal price declines this year and in 2017.
Iron ore price surges 5%
Monday's rally brings year-to-date gains to 30% as Vale says longer term price will hold between $65 and $80.
Monday mad rush for gold stocks
Ranks of gold shares doubling in value in 2016 continues to grow.
GRAPH: Cobalt price plunge and the EV market
Cobalt prices have plummeted to their lowest level since 2016, as a deluge of supply overwhelms stagnating demand from the electric vehicle […]
