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.
South Africa’s Business Reports quotes Frontier Advisory analyst John de Villiers on the killings at Lonmin’s platinum mine that has left 44 people dead:
“The actual strike isn’t a deterrent to investors. But certainly the inability to get it under control will be of concern, particularly as this is now the third platinum mine that has seen conflict resulting in deaths this year after unrest staged at Impala Platinum Mine and Aquarius Platinum.
“I do feel the government’s inability to safeguard the investment of multinationals will be of far bigger concern to investors.”
