Wednesday, August 15, 2012

Soros, Paulson Boost Gold Fund Stake

By Brendan Conway
John Paulson, the hedge-fund manager who is the single biggest reported holder of the SPDR Gold Trust, also revealed more GLD. Paulson & Co.’s holdings rose to 21.8 million shares as of the end of June, versus 17.3 million in the previous reporting period.
Hedge-fund manager George Soros nearly tripled his stake in the most popular U.S. gold fund during the second quarter, last night’s portfolio disclosures showSoros Fund Managementheld 884,400 shares of the SPDR Gold Trust (GLD) as of June 30, up from 319,550 on March 31.  LINK...
And these guys play to WIN BIG! The only mistake, they should have purchased physical.   BK