GLD, the Gold ETF, Had Net Redemptions of $2 Billion In January

(Forbes) There was more selling than buying in January of GLD, the gold ETF that ranks in the top 10 holders of the precious metal in the world-- right up there with the central banks of the US and several other nations. GLD holds gold worth $53.8 billion according to a spokesman for the fund. Some of its largest owners are hedge fund proprietors George Soros and John Paulson. Read full story >>>