12.08.2014 - Gold Miners, ETFs Gain Hedge Fund Fans
Investors and hedge funds have shifted away from gold bullion in favor of mining stocks and related exchange traded funds as miners begin to reveal improved business fundamentals. The Market Vectors Gold Miners ETF (NYSEArca: GDX), the largest gold miners ETF, has surged 26.7% so far this year, whereas the SPDR Gold Shares (NYSEArca: GLD) is up 8.7%. High-profile hedge-fund managers like George Soros, John Paulson, Peter Palmedo and Eric Sprott have benefited from the surge in gold stocks this year, the Wall Street Journal reports..........................................Full Article: Source
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