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A Look at Ray Dalio’s and John Paulson’s Gold Bets

Annie Gilroy
A Look at Ray Dalio’s and John Paulson’s Gold Bets

Like positions in the SPDR Gold Shares ETF (GLD), institutional holdings in the VanEck Vectors Gold Miners ETF (GDX) fell sequentially during the second quarter. We discussed in the previous article how gold prices fell in Q2 2018. While gold miners are usually a leveraged play on gold prices, they gained 1.5% on average in the second quarter as gold fell.