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Thus far, neither gold (GLD +2.1%) nor the gold miners (GDX +0.9%) seem worried about the...

Thus 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?
Comments (8)
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    I think its bad timing on the gold....but he has other stocks in that fund...but many many more people are going to be pulling out before the cliff hits...think Capital gains..think dividends..
    23 Aug 2012, 12:40 PM Reply Like
  • Pwdrskir
    , contributor
    Comments (135) | Send Message
     
    ECB and Fed are ready to jump in with their printing presses & China and India are still buying gold.

     

    Gold works beyond Paulson.
    23 Aug 2012, 12:43 PM Reply Like
  • boatman
    , contributor
    Comments (596) | Send Message
     
    paulson just ADDED to his gold position.

     

    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.
    23 Aug 2012, 12:50 PM Reply Like
  • GaryR
    , contributor
    Comments (26) | Send Message
     
    Well, I know what I would do if faced with the redemptions...
    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.
    23 Aug 2012, 12:55 PM Reply Like
  • kellirose
    , contributor
    Comments (4) | Send Message
     
    Patience ... BASEL III will state gold is tier one capital ... now what would y like gold or treasury paper? Just hang in there!
    23 Aug 2012, 01:33 PM Reply Like
  • kellirose
    , contributor
    Comments (4) | Send Message
     
    Interesting investor which satisfies both worlds ... y gotta make coin when y can!
    23 Aug 2012, 01:35 PM Reply Like
  • Tom Ricciardi
    , contributor
    Comments (18) | Send Message
     
    Paulson has lots of other equities he can liquidate at gains before he sells gold that he bought at recent lows. Gold is a bit bigger than Paulson. In addition, those redeemers who come out of Paulson go into another fund and you can bet that those other funds will have or want gold.
    23 Aug 2012, 04:37 PM Reply Like
  • GUS100CORRINA
    , contributor
    Comments (706) | Send Message
     
    Maybe Citi is short Gold ... ???
    23 Aug 2012, 09:38 PM Reply Like
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