Prominent hedge fund manager John Paulson held on to his ETF bullion holdings in the first quarter of this year, profiting from an early surge in gold prices before the market tanked, a regulatory filing by his company showed on Tuesday. full story ![]()
As gold rallied again in the fourth quarter of 2012, several Gurus who had tremendous holdings in the metal began unloading, namely macroeconomic trader George Soros and Lone Pine’s Steve Mandel. John Paulson chose to maintain his position. Both Soros and Paulson have read economic signs and traded at just the right times to reap profits and avoid losses on gold in the past,...
forbes.com (2 months and 26 days ago)
NEW YORK ( TheStreet ) -- With gold prices sinking lately, precious metals ETFs have dropped. SPDR Gold Shares -- which holds bullion -- has lost 7.0% this year, according to Morningstar. ETFs that own stocks of gold miners suffered especially steep declines. Market Vectors Gold Mines lost 25.3%, while PowerShares Global Gold & Precious Metals dropped 23.8%. Can the...
thestreet.com (1 month and 11 days ago)
Filed under: Commodities & FuturesLast year marked the twelfth consecutive year for rising gold prices. But that could be the end of the yellow metals string. Since the beginning of the year, gold ETFs have sold 140 metric tons of gold, and the month of February saw the highest outflow of gold on record according to a report in the Financial Times. We have already noted...
dailyfinance.com (2 months and 20 days ago)
Filed under: Investing One of gold's most prominent bulls, John Paulson, the asset manager who made more than $1 billion betting on the housing downturn, is tarnished. Bloomberg reported that Paulson's $900 million gold fund is down 26% through the beginning of March, after falling 25% last year. The fund has been hurt by the price of gold falling to around $1,600 off its...
dailyfinance.com (2 months and 7 days ago)
NY hedge fund manager not deterred by recent volatility in gold prices.
businessspectator.com.au (29 days ago)
(Kitco News) - Gold appears to be attracting some buyers after starting the week with massive losses; however, some analysts said it could be difficult for the gold prices to regain their momentum as interest wanes in exchange-traded funds.
forbes.com (1 month and 5 days ago)
There were many casualties following Friday's 4% gold rout, but none were hurt more than one-time hedge fund idol John Paulson, who according to estimates, lost more than $300 million of his own money in one day. Per Bloomberg: "Paulson has roughly $9.5 billion invested across his hedge funds, of which about 85 percent is invested in gold share classes. Gold dropped 4.1...
zerohedge.com (1 month and 9 days ago)
There are over 3 billion ounces of gold in the world's deposits. The Top 50 of these mines alone contain over one-third of the total gold. North America is the 'cheapest' place to produce gold and Africa the most expensive. Gold producer profits are getting squeezed from both directions: lower gold prices and rapidly inflating costs...
zerohedge.com (2 days ago)
Following this week’s surge in gold prices, the majority of analysts in the weekly Kitco News Gold Survey expect prices to continue to rise.
forbes.com (28 days ago)
John Paulson's gold fund fell more than 10 percent for the first two months of this year, said people familiar with the numbers.
cnbc.com (2 months and 20 days ago)
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