Gold price: Fed caught hedge funds on wrong foot
Large speculators on gold futures market slashed net bullish bets by 75% ahead of decision to hold interest rates near zero.
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:
These two charts show plenty upside for gold price
A huge gap has opened up between the dollar, bond yields and gold – the Fed-inspired rally may have only begun.
Exports can’t save US coal
US producers' share of seaborne coal market has fallen to less than 1% as strong dollar hurts miners already struggling to stay profitable says new study.
China’s coal burn rate has just been upped dramatically
Revised stats from China show coal use from 2000 to 2013 is up to 14% higher than previously reported hitting 4.4 billion tonnes per year.
Gold price rallies after Fed holds rates steady
The price of gold price jumped on Thursday after the US Federal Reserve announced that interest rates would not be raised.
Gold price jumps ahead of Fed
Gold price climbs nearly 2% as deflation returns to the US.
Vancouver junior’s Tesla-inspired surge evaporates
Pure Energy Minerals' early stage lithium brine project is in Nevada where Tesla's feeling pressure to spend $1.3 billion in tax breaks from the state.
Pretium soars after securing $540m for BC gold mine
Shares in Vancouver firm up 7% after inking debt-equity-streaming deal for 7 million ounce Brucejack underground gold mine near Alaska border.
India to auction 80 gold mines
India hopes to revive Kolar region where gold mining dates back to the 19th century and new studies estimate $3.9 billion worth can still be mined.
Citigroup joins copper price bulls
Market back into deficit next year and through 2019 on supply cuts, disruptions, dirty concentrate and rising costs.
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 […]
