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Funds stocked up on gross longs and trimmed gross shorts in platinum, hiking the net-long position for managed-money accounts to 20, 546 contracts.
FORBES: Speculators Modestly Trim Gold Longs -CFTC
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Money from the agreement may be used to purchase public easements and hiking trails in the Big Sur area and as grants for nonprofits doing conservation projects.
NPR: APNewsBreak: Mogul To Pay $2.5M In Settlement
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Here's an even scarier financial fact: These funds are overseen by people who lack basic money management skills, who are frequently swayed by political pressure--and who are counting on hiking your taxes to fill the breach if they come up short.
FORBES: Magazine Article