Sun, Mar 1, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Bullion/Gold, Fund Profile, People more

Gold may get a break if Paulson, other big funds are flushed out

Posted on 08 May 2013

John Paulson’s Gold Fund lost 27% in April, according to a report on Bloomberg Tuesday, citing someone familiar with the matter. That’s a chunk of change, and explains why the SPDR Gold fund GLD keeps heading south, says Tyler Durden over at ZeroHedge.
Durden says there may be a gold lining amid signs of major selling from Paulson and others. ”The good news is that once levered players such as Paulson are finally blown out, there is hope that only far more rational, ‘non-weak handed’ players remain at the table,” he says………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 39433 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
March 2015
S M T W T F S
« Feb    
1234567
891011121314
15161718192021
22232425262728
293031