Here’s one hedge fund not bailing on gold
Paulson & Co has kept $1 billion-plus holding in SPDR Gold Trust, the world's largest, steady going all the way back to the second quarter of 2013.
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:
Comfortably numb Fed watchers push gold price below $1,200
"People seem to be numbed to any news on geopolitical concerns so the focus has become the future of the US economic environment."
PICS: Cops confiscate Eike Batista’s beloved cars, Faberge egg
Brazilian tycoon Eike Batista's riches to rags ride is a white-knuckle one.
Coal price rally with legs as India overtakes China
Thermal coal prices have jumped 22% in a month as mines close. Surging Indian imports, set to overtake China's in 2015, will support prices longer term.
This chart shows Grexit would send gold price to $2,000
"Indeed, we suspect that Greece would rather keep her gold than the euro."
Gold price 2015 rally evaporating
Gold falls through key levels staying barely above $1,200 as hedge funds and retail investors head for exits.
200-year stocks vs gold price chart shows breakout nearing
German gold analyst Florian Grummes' uber longterm chart predicts more stock market mania, gold weakness. But the subsequent reversal will be spectacular.
Iron ore price surges
Biggest jump of the year lifts iron ore price more than 6% off 2015 low.
Hedge funds in gold price rethink
Bullish bets on gold futures trimmed 17%.
ETF and central bank buyers storm gold market
New World Gold Council study shows ETF funds already retracing 37% of 2014's losses and central bank purchases jumping to nearly 50-year highs.
US rare earth stock cracks top 50 mining companies for the first time
Non-Chinese rare earth producers have been conspicuously absent from mining’s top tier, now worth a collective $1.5 trillion, up $200 billion year to date.