Swiss yes vote won’t really boost gold price
Switzerland has to buy up to 1,800 tonnes of gold in a yes vote, but Deutsche Bank says window dressing using derivatives would limit impact on gold price.
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:
Batista’s new ventures: dog cloning, impotence pills, breath freshener
Disgraced Brazilian tycoon on trial for insider trading has signed development deals with a South Korean pharmaceutical company and a dog cloning scientist.
World’s top gold ETF turns 10 – and returned 150%
Those who invested in the SPDR Gold Trust - GLD - at launch 10 years ago are enjoying returns more than double the rate of US equities.
Gold price swings nearly $50
Two massive trades lift gold price from 4-and-half-year lows in another Friday rally.
Iron ore price gains after summit
Chinese steel mills restart production but ore demand remains modest.
Kyrgyz Republic seizes Stans Energy rare earth project
Kyrgyz government moves to revoke Stans Energy's licence for rare earth mine and plant that was the main global source of heavy REEs during the Soviet era.
Turquoise Hill surges after Mongolia taps new leader
Nominee Amarjargal Renchinnyam is a respected economist who could help bring Vancouver firm's $5bn Oyu Tolgoi copper-gold expansion project back on track.
CHART: Mining capital crisis continues
To keep the lights on 30% of juniors need to raise money within six months, 59% within a year new survey shows.
Fortescue to BHP, Rio: Don’t hurt our relationship with China
Twiggy says BHP and Rio threaten Australia's relationship with Beijing by bankrupting Chinese iron ore producers. China's steelmakers may disagree.
CHART: Gold miners’ reserves pricing assumes big rally ahead
New survey shows only 8% of gold mining companies apply a gold price below $1,200 to their reserves. That falls to a mere 4% when it comes to resources.
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.
