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Money managers yanked $1.27B out of gold and precious metals last week, bringing the...

Money managers yanked $1.27B out of gold and precious metals last week, bringing the year-to-date drawdown to $20.8B. The largest gold ETF (GLD) is down 13.8% YTD. It largest shareholder, John Paulson, remains bullish on gold; his Gold Fund is down almost 50% this year. (Gold ETFs: GLD, IAU, SGOL, PHYS, AGOL, DGL, UBG, DGP, UGL, DZZ, GLL, DGZ, UGLD, DGLD, GLDI)
Comments (7)
  • Sir. Monaco
    , contributor
    Comments (367) | Send Message
     
    will be watching gold intensely come the 4th quarter...
    12 May 2013, 08:31 PM Reply Like
  • Sir. Monaco
    , contributor
    Comments (367) | Send Message
     
    what Paulson ends up doing (if anything) will be interesting...
    12 May 2013, 08:33 PM Reply Like
  • Longboat
    , contributor
    Comments (11) | Send Message
     
    George Soros and his many advisors are not idiots !
    13 May 2013, 12:03 AM Reply Like
  • jamone
    , contributor
    Comment (1) | Send Message
     
    The guy is still up. A few Fibonacci retracements are expected.
    13 May 2013, 01:02 AM Reply Like
  • jumpnjoey77
    , contributor
    Comments (547) | Send Message
     
    Massive debt ends in deflation not inflation.
    13 May 2013, 04:02 AM Reply Like
  • Straychan
    , contributor
    Comments (162) | Send Message
     
    Massive money printing ends in inflation, not deflation.
    13 May 2013, 10:27 AM Reply Like
  • mattgorham
    , contributor
    Comments (3) | Send Message
     
    Hedge fund managers are always right. ;)
    14 May 2013, 12:51 AM Reply Like
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