I argued the bull case for gold in my posts over the past few months (see “Gold bullion - regaining its shine?“, “Gold bullion glitters bright” and “Gold bullion - challenging $1,000“. With the gold price scaling fresh peaks and closing in on $1,100, it would certainly seem as if renewed interest in the yellow metal is being stirred up, especially subsequent to the purchase by India’s central bank of 200 metric tons of gold from the International Monetary Fund.

As printing presses are running at full speed to produce ever-increasing quantities of fiat money as governments engineer the greatest asset price reflation in human history - and the US greenback is heading South - the longer-term fundamental case for the yellow metal is arguably positive.

“The gold bug has caught several big hedge fund managers this year including John Paulson of Paulson & Company, Kyle

Paulson & Company made the following KEY Q2 trades in its $6 billion hedge fund, which can be tracked at:

http://trackthepros.com/stocks/category/273

New Positions

Bank of America

Cheniere Energy

Philip Morris International

Sold

Alcoa

Altria

BCE

PDL BioPharma

Reduced Positions

Yahoo

Hercules Offshore