Kinross Gold (NYSE:KGC), SPDR Gold Trust (NYSE:GLD) and Anglogold Ashanti (NYSE:AU) are all part of the massive gold holdings of hedge fund manager John Paulson, and so far in 2010 they haven't done a lot to increase the value of the fund, although Anglogold and the SPDR Gold Trust have helped some over the last six months, at least generating gains during that time.
Although that is the case so far, the gold miners are poised to take off, along with gold prices in general, as they've lagged behind the price movements of gold for some time, and signs are there showing that has began to change.
As far as the numerous gold holdings of Paulson, they should contribute strongly to his fund over the rest of the year, and it'll be surprising if he doesn't have positive returns for the third year in a row.
Rumors are so far he's down by close to 3.3 percent for the year.
Tuesday, June 1, 2010
John Paulson's Gold Investments Mixed in 2010
Labels:
Anglogold Anshanti,
Hedge Funds,
John Paulson,
Kinross Gold,
SPDR
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