Gold capitulation: when John Paulson throws in the towel?

[Zr1Trader]

From March 6th 2013

"The $900 million Gold Fund, which invests in bullion- related equities and derivatives, is down 26 percent this year"

Now its probably a lot worse than that... I don't care how rich you are, losing more than 30% of any investment still sucks . He'll probably lose a bunch of 2 n 20's also.

So there is no uncle point I take it since only 900 mill of his 18 b is in that gold fund

 

[zanek]

Damn, I shouldnt care about my $1200 loss on Thursday, haha. I guess its all relative. Thats got to hurt, even if he has billions

Gold is down almost 5% as of 4:41am today, so he;s down almost a BILLION dollars. WOW !!!

Paulson Loses More Than $300 Million as Gold Declines !!!
http://www.bloomberg.com/news/2013-04-12/paulson-loses-more-than-300-million-as-gold-falls.html

 

[benwm]

Did he invest in Bitcoin too?

 

[benwm]

$1385 prints...

Edit: Silver already down over 10% (below $23)

 

[FrankSlaughtery]

Quote from benwm:

$1385 prints...

Edit: Silver already down over 10% (below $23)

as soon as i got up this morning and went to my desk and saw GC was down like 80 points i thought my eyes hadn't adjusted to the light yet lol.

i was THIS close to going long GC friday but am so glad i didn't. also thought about going long CL too. sometimes it's just better to stick to your trading plan and wait for a bottom rather than predict one

 

[Pekelo]

Since he has been losing with a much bigger AUM than what he had in his record year back in 2008, so it is quite possible that overall, in the last 5-6 years he didn't actually make money....

 

[zdreg]

Quote from Pekelo:

Since he has been losing with a much bigger AUM than what he had in his record year back in 2008, so it is quite possible that overall, in the last 5-6 years he didn't actually make money....

before or after fees?

 

[Pekelo]

Quote from zdreg:

before or after fees?

I meant for his costumers...

 

[Butterball]

Quote from FrankSlaughtery:

i was THIS close to going long GC friday

Marc Faber was on Bloomberg Friday and suggested aggressive traders go long GC for a "quick 20-40 point bounce on Monday". When the bottom callers are out, stay away.

 

[zdreg]

Quote from Butterball:

Marc Faber was on Bloomberg Friday and suggested aggressive traders go long GC for a "quick 20-40 point bounce on Monday". When the bottom callers are out, stay away. [/QUOT

it is a sure bet that faber has forgotten this call or will deny it.