Hedge funds’ bullish bets on gold jump to four-year high
Hedge funds and other large speculators boosted their net-long position in gold.
The USD6 million cost reimbursable contract for the engineering design of a 4 million t/yr gold processing plant to produce 200,000 oz/yr, over 15 years of mining, at the Sukari Gold Mine in Egypt is nearing completion. Awarded in July 2007, the contract is being carried out for Pharaoh Gold Mines NL, a subsidiary of the Western Australian-based Centamin Egypt Ltd….more at MEIOnline
