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Major Hedge Fund Turns to Gold
by Michael Maharrey‚ Schiff Gold: Greenlight Capital reported a major increase in its exposure to gold as the hedge fund’s founder worries about the direction of the markets. In a Q3 letter to investors‚ David Einhorn expressed concern about geopolitical uncertainty‚ the rising price of oil‚ and inflation. Greenlight famously shorted Lehman Brothers before its 2008 failure. […]