Thursday, August 13, 2009

John Paulson Keeps GLD Investment, Watching Symmetrical Triangle

From his most recent SEC filing, John Paulson's fund Paulson & Co. kept it's 31.5 million share position in GLD (the gold ETF). This position could be a hedge against inflation and/or a hedge on one of his funds denominated in gold. I bet he is watching this symmetrical triangle though. OR he dumped post June 30, we'll see. I'm looking at his whole portfolio later.


GLD (Gold ETF)


Here is when we first heard about his $GLD position:
Paulson Buys GLD, GDX. Laidi Long Gold/Oil Pair Trade (May 20)




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