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November 16, 2011

Gold hit as Paulson cuts ETF holding - FT.com

Gold hit as Paulson cuts ETF holdings by a third -still the largest holder of the Gold ETF, GLD.  


Mr Paulson sold a third of his holdings in the SPDR Gold Trust in the third quarter, according to a regulatory filing released late on Monday. Nonetheless, his $30bn hedge fund was still the largest holder of the ETF at the end of September, with a stake worth about $3.5bn at current prices.





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