Two Years Of Gold Bugs Getting Burned
In an article last week (“Gold: A Sucker’s Paradise“), ETFguide editor Ron DeLegge noted the illustrious list of hedge fund managers who have gotten burned over the last two years being long gold and related securities such as the SPDR Gold Shares ETF (GLD). One hedge fund manager who’s been on the right side of the gold trade has been our host Tim, who mentioned on Tuesday that GLD was his largest short position (“Repeating My Target for GLD“). (more…)