Gold price rally fizzles as ETF selling continues
Holdings of the world’s largest gold ETF – SPDR Gold Shares – dropped more than 3 tonnes on Tuesday and follows more than three weeks of straight selling.
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:
Iron ore, coking coal prices are breaking bad
Iron ore sinks below $130 for the first time in 148 trading days and coking coal breaks long-held industry rule of thumb and dips below the iron ore price.
Nickel price: Indonesia ban not enough to lift oversupplied market
Top exporter Indonesia's ban on ore shipments largely off-set by record global stockpiles of ore and metal and rising mine output.
Iron ore price drops to 5-month low despite record Chinese imports
China increased imports of iron ore 10% last year to 820m tonnes, but a bigger jump in stockpiles and a flood of new supply have pushed prices down 3% this year.
Indonesia ban rocks nickel market
Against expectations of a last minute climbdown by authorities, Indonesia's nickel, bauxite and tin ore ban went into effect Sunday.
Mongolia sees Oyu Tolgoi deal this month
If Rio Tinto and Mongolia can reach a deal on a $6bn+ expansion of the copper-gold mine it would completely transform the Asian nation's economy.
Study: Acid mine drainage can help clean up, recycle fracking wastewater
Two wrongs sometimes can make a right.
Historic 1oz gold coin goes for $4.6 million at auction
Minted by Ephraim Brasher in 1787, a goldsmith and neighbour of George Washington, the coin contains 26.66 grams of gold.
Investors pile back into gold stocks
Miners enjoy heavy gains on Friday as the gold price continues 2014 climb.
Gold bears of the world unite
Investor liquidation and weak fundamentals will see the gold price average 10% – 18% below 2013 levels according to three new investment bank forecasts.
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.
