Hedge Funds Have Big Stake in Gold’s Direction

Emii.com – The 5 percent or so pullback in the price of gold as well as gold exchange traded funds and mining stocks in recent weeks has sparked a debate over whether gold’s rapid runup has peaked, or simply a correction that is offering a great chance to buy in at a lower price.

Like the shares of Apple, many hedge funds will be heavily impacted by the answer. For gold has also been one of the hot plays among the fast money crowd.

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