Relevant:
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- Greenlight Holds Bullion, Buys Reinsurance Stocks
2009-07-24 — blogspot.com
"A total net reduction of 47 tonnes has occurred since a peak was reached back in early-June, however, about a quarter of this can be attributed to hedge fund manager David Einhorn swapping his GLD shares for the real thing a short time ago. According to this report at Hard Assets Investor, Mr. Einhorn sold almost $400 million in GLD shares, more than 10 tonnes."
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