'Strange Gold Trading When One Guy, John Paulson, Owns 21% Of The ETF'

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."

REPORT: Soros & Paulson Add To Massive Gold Positions

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