GLD is 21% owned by hedge fund manager John Paulson.
Tuesday on CNBC. Commodities trader Dennis Gartman spoke with Fast Money Monday by phone, and Tuesday was a studio guest for a discussion of December price action in gold.
"It's been a devastating gold trade since the start of December. It looks exactly like last December, when gold went into the dinger. It rallied in January, but you've got a lot of people who are long of gold. I must say, the fact that we broke down as hard as we did on Monday and broke down again today is very disconcerting."