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.
Nunavut is attracting the attention of the world’s miners like never before, says Scotiabank commodities analyst Patricia Mohr, speaking at a mining summit in the mineral-rich Canadian northern territory. Nunatsiaq Online reports:
Pushed by the developing world’s growing hunger for consumer items, civil unrest in many countries, and “random” events like the recent tsunami, earthquake and nuclear power plant disaster in Japan, mining companies around the world are eying Nunavut with far more interest than before.
That’s the dominant message at this week’s Nunavut mining symposium in Iqaluit, which is built around the theme “Going Global.”
Major mining companies currently conducting exploration work and mine developments in Nunavut, according to the article, include AngloGold Ashanti/ Commander Resources, Vale, Advanced Explorations Inc. and XingXin Iron Pipes, Areva, Newmont Mining, and ArcelorMittal.
