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The kind of thing that never occurs at tops: Not pleased the poor performance of his gold fund...

The kind of thing that never occurs at tops: Not pleased the poor performance of his gold fund (-47% YTD) is detracting from the good work at his other products, John Paulson will be mailing the gold fund's monthly figures separately and holding separate monthly conference calls. His firm will also stop broadly reporting the performance of the gold share class in its various funds (investors are allowed to own their stakes with gold instead of dollars). GLD -2.1%, SLV -3.8%.
Comments (12)
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Paulson sees the writing on the wall. Only so many call writes he can do on GLD before he loses more money as gold slides to $1200. Long-term, there probably will be appreciation in gold, but short-term we are seeing a mean reversion.
    7 Jun 2013, 12:30 PM Reply Like
  • irnet31
    , contributor
    Comments (102) | Send Message
     
    all that glitters ............
    7 Jun 2013, 01:00 PM Reply Like
  • lwhittin
    , contributor
    Comments (10) | Send Message
     
    The non-stop harangue from the naysaying media and master manipulation from the master manipulators is having effect.. on GLD. It is also having the opposite effect on physical. The safety, reliability and dependability of gold is unchanged. The same statement is not true for GLD.
    7 Jun 2013, 01:43 PM Reply Like
  • hummerh25
    , contributor
    Comments (89) | Send Message
     
    Maybe $1000. Gold is coming. I remember 1980 very well. $850 to $250. In no time at all.
    Was lucky to get out at $780. Nobody cared about Gold and Silver for at least 20 years.
    7 Jun 2013, 05:30 PM Reply Like
  • dragos2901
    , contributor
    Comments (72) | Send Message
     
    Yeah, but who cares. Gold bugs are cut from a different cloth we are being told.
    8 Jun 2013, 10:35 AM Reply Like
  • Jake2992
    , contributor
    Comments (820) | Send Message
     
    Gold bag holders will get what they have coming.
    9 Jun 2013, 09:49 PM Reply Like
  • PhilosopherStone
    , contributor
    Comments (43) | Send Message
     
    The reason is clear and it all ties into the Gold shorts that are due for the squeeze. As he states: The funds "have received a disproportionate amount of attention over recent months". The media is indeed quick to naysay. They pick and choose their winners like an Obama bailout.
    7 Jun 2013, 10:24 PM Reply Like
  • bertrandrighi2
    , contributor
    Comments (37) | Send Message
     
    Hummerh25, gold plunged from 850 to 250 $ in 1980 ?
    WHY ?
    Alan Greespan, pushed the INTEREST RATE high in the sky, at a 2 figures level. Inflation roared to almost 20%.
    So it became silly to park into precious metals. You bought a house this year, and next year appraised value was 20% more: P + 20%. And the next year (P+20%) + 20%...And so on...Anything similar ? OF COURSE the price of GOLD is deeply correlated to the REAL INTEREST RATE, as well as rarity. There was NO rarity either by the time you are speaking about.
    TODAY, is exactly the opposite. You mean the ENTIRE WORLD would be crazy to buy gold now ? Do you know what does the USA compare to the total trade in gold the world over, now ? In the range of 12%. And this includes PAPER which is NOT gold but smoke and mirrors...
    7 Jun 2013, 11:07 PM Reply Like
  • Russ Winter
    , contributor
    Comments (647) | Send Message
     
    Manipulators of Gold May Not Now Be Who You Think

     

    http://bit.ly/11MtRJv
    8 Jun 2013, 04:53 PM Reply Like
  • filipo
    , contributor
    Comments (2620) | Send Message
     
    "(investors are allowed to own their stakes with gold instead of dollars)"

     

    Does that mean Paulson will actually distribute physical gold to his shareholders instead of physical money ?
    That would be a surprise to the shorters.
    8 Jun 2013, 05:03 PM Reply Like
  • hummerh25
    , contributor
    Comments (89) | Send Message
     
    Like any other investment, run it up and when you have the last person in sell. Apple pump and dump. Its been that way from day one.
    9 Jun 2013, 11:19 AM Reply Like
  • Dwillcincy
    , contributor
    Comments (3) | Send Message
     
    costs $1250 to mine an ounce of gold. When gold miners cut back production gold will rise. So some "spooky power" manipulated gold for 10 years then said, let's drop the price?! When there's little gold to be had , the price will go up.
    10 Jun 2013, 12:03 PM Reply Like
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