Soros likes gold, but Paulson cuts his bets

John Paulson had been a big gold bull, but he has cut his bets (according to U.S. Securities and Exchange Commission filings showing on Monday)

Paulson & Co, led by John Paulson cut its SPDR Gold Trust ETF investment by 17% to 4.8 million shares

• It was Paulson's third cut to his SPDR stake in a year
• "If you were already long, which clearly Paulson was, maybe he's just taking some profits off the table," Mike Dragosits, senior commodities strategist at TD Securities said

On the other side of the ledger, George Soros & other big funds boosted their wagers on the yellow stuff

• Soros returned to gold for the first time in three years in the quarter buying 1.05 million shares in the ETF, valued at about $123.5 million

via Reuters

(ps. Feel free to cut and paste into the comments --> But its only paper gold!

YW)