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.
At PDAC 2017, Adrian Day, founder and president of Adrian Day Asset Management spoke to a packed room about his outlook for gold under President Trump. After his talk at the conference, Mr. Day shared his insights with us on the positive and negative effects of Trump’s policies on the stock market and the US economy as a whole. In this interview, he gives us his reasons why he thinks the time to buy gold stocks is now, and why gold is still cheap despite the rally in the markets. At the same time, he offers a few words of caution to investors eager to capitalize on the rally. Find out why he is so bullish on copper, yet thinks one commodity in particular has “moved too far, too fast” in the interview.
