Deutsche, Europe's number two bank, has joined the US exodus and is getting out commodities trading, although it is keeping precious metals in its portfolio.
Thornton brings finance background and strong China connections, while James Gowans, former chief of the diamond giant's Canada unit brings mining experience.
A $40 swing in the gold price, wiping out an early morning jobs number sell-off shows short positions at four-month highs could be facing a big squeeze.