Without safe haven support, gold charts point to $1,320 an ounce
There’s "no semblance of a safe-haven" at the moment and "the technical profile of bullion is also weak."
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:
Nautilus sinks to fresh lows as PNG elections descend into shambles
Nautilus Minerals, locked in a dispute with Papua New Guinea over ownership of the world's first sea-floor mine, dropped 9.7% on Thursday, hurt by news of violence, kidnapping, vote rigging and delays after the first week of general elections in the country.
Glencore ‘ready to pull’ Xstrata merger
While both Davis and Glencore CEO Ivan Glasenberg would suffer blows to their reputations as dealmakers if the merger should collapse other parties stand to lose more.
Surprisingly upbeat outlook from Peabody ignites US coal stocks
The US coal industry bellwether – leading a surge in coal counters on Wednesday – sees accelerating China coal imports and signs of stabilizing US coal supply-demand fundamentals.
Bashed billionaires: Lakshmi Mittal is mining’s biggest loser
Firstpost reports after a 5% salary increase Lakshmi Mittal took home $1.74 million last year working as the CEO of ArcelorMittal. The […]
Glencore-Xstrata deal ‘on the verge of collapse’ after Qatar withdraws support
Qatar's about-turn means that more than 25% of shareholders eligible to vote at the 12 July meeting are now against the deal’s current terms.
Global glut pushes Canadian crude down to $52 a barrel, pricing oil sands out of the market
At $52 a barrel how can high-cost bitumen producers compete against Saudi-Arabia pumping oil at the fastest rate in 30 years, the ramp-up in the Bakken and vast new gas supplies all around the world? They can't.
Chile on Chinese copper demand: Slowdown? What slowdown?
“Signs of demand, shipments and inventories, continue to be solid.”
Dr Caterpillar’s chart says the global economy is going to get much sicker. And soon
But management of the equipment behemoth has stuck to their forecasts for a record-breaking year.
Chinese burn fingers in the Pilbara
“This is no longer about commercial goals. It is about Chinese machismo. They have plonked down too much money to pull out now.”
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.