A top-performing hedge fund is making a big bet on gold

onthehook8 (72)in #gold • 5 years ago

Sandler increased its stake in the SPDR Gold Trust by nearly 180% to $38 million by the end of the second quarter, making it the biggest position the fund holds.

Interesting article about a top performing hedge fund betting on gold. There seems to be a lot of people bullish on gold right now, I wonder if too many are bullish. I've been selling my gold stocks here and there since they've had a pretty good run, and I had too many for comfort. I'm thinking more and more that now is a good time to raise cash......

Read the full story here....
https://www.cnbc.com/2019/08/20/a-top-performing-hedge-fund-is-making-a-big-bet-on-gold.html

#silver #mining #materials #metals

5 years ago in #gold by onthehook8 (72)

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onthehook8 (72) 5 years ago

Gold is around $1515 right now......

$0.00

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