Hedge Funds Race to Cash in on Mining Slowdown

Days before gold and silver underwent massive declines, Hedge Funds ‘Tiger cub’ Robert Citrone’s Discovery Capital disclosed a 0.8 percent short in Anglo American plc (LON:AAL) (OTCMKTS:AAUKY). Anglo American has major exposure in mining of base metals like iron and copper, additionally the company is also involved in the exploration of platinum group metals. Sell all European Short positions here Anglo American plc (LON:AAL) (OTCMKTS:AAUKY)’s exposure in the gold is limited, but being a China dependent operation, it is likely that its bad days will soon come. Iron ore’s prices fell in the bearish zone in this week and judging by the over…