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.

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Weaker Dollar = Higher Gold & Commodities

Further weakening in the US Dollar, could it be heading towards it's '08 lows? If so Gold would then make another run towards the $1000 resistance level. If this economy is picking up strength [JP Morgan analyst is projecting 3% GDP for Q3], then look for a pickup in the inflation trades.
My picks have been Yamana Gold (AUY) & Freeport McMoran (FCX). For the month of July commodity prices rose by 13.8%.

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