Thursday, August 13, 2009

Hedge Fund Manager Paulson Buying GOLD



Hedge fund manager John Paulson, who made billions betting against financials over the last 2 years, has been reported to be not only buying bank stocks BUT gold stock too. ~read~

Fed Helps Gold Rally: From thestreet.com Brian Hicks, co-manager of the Global Resources Fund, is still bullish on gold and says the Fed's interest rate decision and economic outlook will help gold hit $1,000.

As I've been blogging over the past several weeks...I believe gold is set to break to the upside. My July suggestions [Itz Stock Pix] are up substantially...AUY,HL AA,& FCX.

*click on chart to expand image


2 comments:

gregory said...

Both Paulson and Einhorn (Greenlight) have been buying gold for 6 months as a macro hedge against the dollar given the vast expansion of the Treasury debt to date and to come

dayana said...

I recently came accross your blog and have been reading along. I thought I would leave my first comment. I dont know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.


Margaret

http://grantsforeducation.info