Commodity funds now believe that the dollar can only weaken further so they have nothing to lose by getting heavily into gold. |
Commodity funds took advantage of the one-way bet offered by a weakening dollar. |
If I look at the operations, they don't seem to be making money. It's making losses at the operating level. |
It's an interesting move - I don't think anyone expected them to withdraw from mining. It may indicate a strategic call that the precious metal bull run is over. |
The guys at Gold Fields don't think much of the idea. |
This 11% rise in average revenue, combined with higher output and lower costs, will see earnings rise significantly. |