WSJ: Paulson Making Big New Bet on Gold, says Bull Run Just Beginning

[WildspitzE]

For those with no access to wsj:
http://commoditytradealert.com/blog/?p=3886

"...

At Tuesday’s investor meeting Mr. Paulson argued that the bull run was only beginning for gold; he said he was starting the new fund in part to give himself more personal exposure to gold. Mr. Paulson, who is estimated to be worth about $6 billion, said he would himself invest as much as $250 million in the new fund, according to an investor at the meeting. "

Talking his own book a little (Ashanti and Kinross)?

Anyway, let's see how this plays out.

[rjwjr]

Re: WSJ: Paulson Making Big New Bet on Gold, says Bull Run Just Beginning

For those with no access to wsj:
http://commoditytradealert.com/blog/?p=3886

"...

At Tuesday’s investor meeting Mr. Paulson argued that the bull run was only beginning for gold; he said he was starting the new fund in part to give himself more personal exposure to gold. Mr. Paulson, who is estimated to be worth about $6 billion, said he would himself invest as much as $250 million in the new fund, according to an investor at the meeting. "

Talking his own book a little (Ashanti and Kinross)?

Anyway, let's see how this plays out.

He's only exposing himself by 4% of net worth? What is EJ's advice anyway; 30% of net worth or of invest-able assets?

Regardless of the amount, Paulson's move, and the surrounding media exposure (CNBC keeps mentioning it), can only be a positive sign for those of us already sitting on a mound of physical.

[Quincy K]

Re: WSJ: Paulson Making Big New Bet on Gold, says Bull Run Just Beginning

He's only exposing himself by 4% of net worth? What is EJ's advice anyway; 30% of net worth or of invest-able assets?

Regardless of the amount, Paulson's move, and the surrounding media exposure (CNBC keeps mentioning it), can only be a positive sign for those of us already sitting on a mound of physical.

This may just mean that GS is about to go short.

Nothing is transparant.

[WildspitzE]

Re: WSJ: Paulson Making Big New Bet on Gold, says Bull Run Just Beginning

He's only exposing himself by 4% of net worth? What is EJ's advice anyway; 30% of net worth or of invest-able assets?

Regardless of the amount, Paulson's move, and the surrounding media exposure (CNBC keeps mentioning it), can only be a positive sign for those of us already sitting on a mound of physical.

You need to factor in his exposure at the fund too -- look at their Au and KGC holdings, as well as GLD.

More...
http://www.bloomberg.com/apps/news?p...QvLk5kqU&pos=5

[snakela]

Re: WSJ: Paulson Making Big New Bet on Gold, says Bull Run Just Beginning

I keep my spam from the street.com to see what Cramer will be hawking to the cramericans. He just mentioned th big bull run in gold too.

So either this is the bull horn bubble machine trying to start bull market or do "they" need to drum up suckers to buy as their selling?

Should we expect to see an entire cable channel dedicated to gold before the late adopters are in?

[medved]

Re: WSJ: Paulson Making Big New Bet on Gold, says Bull Run Just Beginning

For those with no access to wsj:
http://commoditytradealert.com/blog/?p=3886

"...

At Tuesday’s investor meeting Mr. Paulson argued that the bull run was only beginning for gold; he said he was starting the new fund in part to give himself more personal exposure to gold. Mr. Paulson, who is estimated to be worth about $6 billion, said he would himself invest as much as $250 million in the new fund, according to an investor at the meeting. "

Talking his own book a little (Ashanti and Kinross)?

Anyway, let's see how this plays out.

This is just regular pump and dump. They will pump gold into some oversold area ($1300-$1500 ?) and then dump it for the annual gold takedown some time between April and July. Just trade it together with them. I do. ;)