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Thus far, neither gold (GLD +2.1%) nor the gold miners (GDX +0.9%) seem worried about the...
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Thursday, August 23, 2012, 12:37 PM ETThus far, neither gold (GLD +2.1%) nor the gold miners (GDX +0.9%) seem worried about the possibility John Paulson may have to unload some of his funds' massive holdings to meet redemption requests (ZH: like cockroaches, once one appears, assume many, many more). It seems Citi is redeeming just as gold and the miners are gathering momentum. Bad timing?
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This news story has 8 comments:
Gold works beyond Paulson.
gold is wayyy biggger than paulson.
long term he's right.....n his short term is now in the reaview mirror.
u think congress can cut medicare n still get elected then sell your gold.
in this gimme world that ain't happening.
Sell stocks at the top of their 4 year range and keep the gold which has been beat down the last year and is breaking out to the upside...
Oh wait, that is what I did.