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as informed in Jana Partners LLC, which dissolved its stake in SPDR Gold Trust in the second quarter of 2016, also stayed out of the precious metal. New York-based Paulson & Co, led by longtime gold bull John Paulson, kept its stake unchanged in SPDR Gold Trust at 4.36 million facebook/" target="_blank">shares valued at $517.6 million at the end of March, a regulatory U.S. Securities and Exchange Commission showed. The hedge fund did not take a stake in gold shares in the first three months of 2017, filings showed. Soros Fund Management LLC dissolved its shares in SPDR Gold Trust in the third quarter of 2016 and then in Barrick Gold Corp by the end of December, as bullion prices saw their weakest quarterly performance in 3-1/2 years. This was up slightly from a value of $477.9 million in the fourth quarter of 2016.
As it stated in The VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) has nearly $10 Billion in market capitalization, and the VanEck Vectors Junior Gold Miners ETF (NYSEARCA:GDXJ) has about $4 Billion in market capitalization. Do gold mining facebook/" target="_blank">shares lead the value of gold itself? On the other hand, the SPDR Gold Trust ETF (NYSEARCA:GLD) has over $33 Billion in market cap (and the gold futures market has much more). In general, and as many investors know, the average leverage of a gold mining stock is near 3X. Beginning in late 2016, GLD and the mining shares began a rally together, but GLD out-performed GDX and GDXJ (on a relative basis) during this period.
As it stated in
read more visit us gold
as informed in Jana Partners LLC, which dissolved its stake in SPDR Gold Trust in the second quarter of 2016, also stayed out of the precious metal. New York-based Paulson & Co, led by longtime gold bull John Paulson, kept its stake unchanged in SPDR Gold Trust at 4.36 million facebook/" target="_blank">shares valued at $517.6 million at the end of March, a regulatory U.S. Securities and Exchange Commission showed. The hedge fund did not take a stake in gold shares in the first three months of 2017, filings showed. Soros Fund Management LLC dissolved its shares in SPDR Gold Trust in the third quarter of 2016 and then in Barrick Gold Corp by the end of December, as bullion prices saw their weakest quarterly performance in 3-1/2 years. This was up slightly from a value of $477.9 million in the fourth quarter of 2016.
As it stated in The VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) has nearly $10 Billion in market capitalization, and the VanEck Vectors Junior Gold Miners ETF (NYSEARCA:GDXJ) has about $4 Billion in market capitalization. Do gold mining facebook/" target="_blank">shares lead the value of gold itself? On the other hand, the SPDR Gold Trust ETF (NYSEARCA:GLD) has over $33 Billion in market cap (and the gold futures market has much more). In general, and as many investors know, the average leverage of a gold mining stock is near 3X. Beginning in late 2016, GLD and the mining shares began a rally together, but GLD out-performed GDX and GDXJ (on a relative basis) during this period.
As it stated in
Paulson & Co held SPDR Gold Trust shares steady Q1 2017 -filing (GLD, RRS, IMG, NG, ANG)
New York-based Paulson & Co, led by longtime gold bull John Paulson, held its stake in SPDR Gold Trust steady at 4.36 million facebook/" target="_blank">shares valued at $517.6 million at the end of March, the filing showed. NEW YORK, May 15 (Reuters) - Paulson & Co held its shares unchanged in the world's biggest gold exchange-traded fund in the first quarter of 2017, when gold prices rallied nearly 10 percent, a 13F filing with the U.S. Securities and Exchange Commission showed on Monday. This was up from a value of $477.9 million the fourth quarter of 2016. (Reporting by Marcy Nicholson; Editing by Jonathan Oatis)read more visit us gold
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