Hedge funds slash bullish wagers on gold over Trump election win
Hedge funds and other large speculators boosted net-long positions by 11% to 197,362 as of Nov. 12, the lowest in 14 weeks.
Here’s a great visual tracking Australian exports to China or, in other words, Australia’s mining boom.
The data dates all the way back to 1988 and show exports by state and territory.
“Government figures show nearly all (97 per cent) of Australia’s iron ore production comes from Western Australia, accounting for $38 billion out of Australia’s total of $73 billion in exports to China last year,” Lincoln Archer writes alongside the original appearance of the visual on ABC News.
For the boom you can “thank China, thank Western Australia, and thank iron ore,” says Commsec’s chief economist Craig James.
