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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: InsiderAlert	5/19/2009 11:08:39 AM
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Hedge Funds Making Big Bets on Gold By Joseph Checkler Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Hedge fund firms Paulson &Co. and Lone Pine Capital made big bets on gold during the first quarter, becoming the No. 1 and No. 2 shareholders, respectively, in the SPDR Gold Trust (GLD) exchange-traded fund, according to regulatory filings. Paulson & Co. - run by John Paulson, who had already been beefing up his exposure to gold companies - bought 31.5 million shares of the ETF during the first quarter, according to its mandatory end-of-first-quarter holdings report with the Securities and Exchange Commission. That stake would be worth more than $2.8 billion if Paulson still holds all those shares at present.

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