someone i pray, i will never be
6:06 PM John Paulson, whose hedge fund is the single biggest owner of the SPDR Gold Trust ( GLD), maintained a 21.8M-share positioneven as the value of its holdings fell ~$165M in the latest quarter. But all that remains of his Barrick Gold ( ABX) holdings is 36K call options vs. 915K shares at the end of 2012. Other positions in miners AU, NG, AEM, IAG and ANV were unchanged or modestly changed.
when/if he caves
BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY
he's only good at customized trades. I forget which investment school teaches that. got any ideas? and who, who, who, who do you gotta know. tell me tell me baby, who wrote the book of love.
are those long dated calls? god!!! don't bogart that MBS windfall my friend, pass it over to me. I could have done so much, with all the money he's thrown down the drain. (wimper, tear drops, wimper).
I would add, his gold fund roll out marked the last top more or less, and I've thought so ever since, including the day his presentation was passed around, 10 years after the gold bull was already underway.
the word NOVICE, screamed from the slide presentation. like listening to the nutjobs from the organized gold bug clubs. if only i could say, who was impressed with it, your head would spin, as mine did.
it was a no brainer, to see, there was no plan, and no brains. |
