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Gold Miners ETF Is Pennies Away From A Five-Year Low
From Seeking Alpha 7:39 AM GLD Paulson reportedly not buying more gold No longer having confidence inflation will accelerate anytime soon, John Paulson tells clients he won't be investing any more of his money into his gold fund, reports Bloomberg. His firm will maintain the fund's exposure to gold stocks and let any options relating the metal expire, according one who attended the firm's annual meeting yesterday.The PFR Gold Fund - stocked mostly with Paulson's own cash - is off 63% YTD, and has just $370M in AUM. It brings to mind the old trader line: How do you make a small fortune in commodities? Start with a big fortune.Gold ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GLL, DZZ, UGLD, DGL, DGZ, AGOL, GLDI, DGLD, FSG, TBAR, UBGGold miner ETFs: GDX, GDXJ, NUGT, DUST, GLDX, GGGG, RING, PSAU, JNUG, JDST
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GLD
Paulson reportedly not buying more gold
No longer having confidence inflation will accelerate anytime soon, John Paulson tells clients he won't be investing any more of his money into his gold fund, reports Bloomberg. His firm will maintain the fund's exposure to gold stocks and let any options relating the metal expire, according one who attended the firm's annual meeting yesterday.The PFR Gold Fund - stocked mostly with Paulson's own cash - is off 63% YTD, and has just $370M in AUM. It brings to mind the old trader line: How do you make a small fortune in commodities? Start with a big fortune.Gold ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GLL, DZZ, UGLD, DGL, DGZ, AGOL, GLDI, DGLD, FSG, TBAR, UBGGold miner ETFs: GDX, GDXJ, NUGT, DUST, GLDX, GGGG, RING, PSAU, JNUG, JDST