Hedge funds slash bullish wagers on gold before war jitters
Speculators have reduced net-long positions by 3.6%.
“The OzMine09 Conference and Exhibition held in the Hotel Mulia in Jakarta, Indonesia was an outstanding success,” reports Geoffrey Gold, CEO, Gold Group Asia/Pacific. The number of visitors jumped substantially from around 400 in 2008 event to over 1,200 this year and exhibitors reported meeting “genuine people invited to do business” and being “delighted with the contacts made.” The Australian Trade Commission attributed the dramatic increase in attendance to the co-operation it received from state and territory delegations, particularly the ‘matchmaking’ program Western Australia introduced for its 30 participating companies and associated promotion of the exhibition, conference and JORC Code seminars. (more…)
