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Posts by "macrosam"
189 Posts Total by "macrosam":
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Posts by Anonymous "macrosam":
http://www.bloomberg.com/apps/news?pid=20601087&sid=aE82mhgRJDdI
NovaGold Resources Inc. (NYSE: NG)
Kinross Gold Corp. (NYSE: KGC).. PAULSON & COMPANY, INC. with 23,550,000.. 3.34%.. $308,740,500.. Dec-31-09
AngloGold Ashanti Ltd. (NYSE: AU).. PAULSON & COMPANY, INC. with 42,849,864.. 11.99%.. $1,721,707,535.. Dec-31-2009
Gold Fields Ltd. (NYSE: GFI) PAULSON & COMPANY, INC. with 23,550,000.. 3.34%.. $308,740,500.. 31-Dec-09
Gold's run up has not been inflation based, it has been inflation expectation based. With no actual velocity or multiplier effect on this money, gold is just another asset to be sold/liquidated when risk aversion calls and there are profits to be had. Gold is still in a secular bull market (I agree with Ashraf) but I believe the drivers of its eventual breakout have yet to occur but are inevitable.