Gold price: If you’re selling central bankers are buying
Latest data show Russia continuing to stock its gold vaults, although Venezuela's sales are denting overall official sector net purchases in 2016.
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:
Fight for giant Congo copper mine heats up
DRC prime minister throws weight behind Chinese buyers of Freeport's controlling stake in Tenke Fungurume.
Coal price rally bypassing US miners
As seaborne coking (up 227% year-to-date) and thermal coal (up 128%) continue to rally, decline in US domestic prices, exports resume long-term down trend.
HSBC: Add $200 to gold price if Trump triumphs
Rattled investors seek safe haven.
Tight race sparks gold price jump to 4-week high
"Increased volatility and the potential for geopolitical tensions associated with a Trump victory are likely to fuel safe-haven buying."
Copper price extends rally on China surprise
Chinese gauge of manufacturing activity "unambiguously upbeat, consistent with broader evidence that economy is in the midst of a cyclical recovery"
Equity markets all but closed for mining IPOs
Miners have to look at debt, private investors and alternative financing like pre-pays for growth capital according to new report.
Glencore closes another zinc mine
Black Star deposit at Mount Isa in Australia depleted after 13 years of operation.
Chinese buy world’s largest mining project
Rio Tinto announces deal to exit Guinea and giant Simandou iron ore project.
Gold price back on the defensive after US growth surprise
Metal is now down more than $50 an ounce in October.
CHART: Friday massacre for mining stocks but copper price pulls out of nosedive
Historic down day for gold and silver prices caused double digit losses for precious metals stocks but copper miners came off relatively lightly.
