Two Hedge Fund Giants Won't Give up on Gold (GLD) (IAU)

While most hedge fund managers have called it quits on gold, two titans won't give up the fight.

The NY Post noted Wednesday that John Paulson and David Einhorn may be buying while others are selling.

Paulson's Advantage fund, which is up just 0.7 percent year-to-date 2015, holds the investors gold equities. That includes AngloGold Ashanti (NYSE: AU), which is down 27 percent for the year.

Meanwhile, Einhorn's Greenlight Capital Re (Nasdaq: GLRE), which holds 10 percent of its funds in gold, is down 16 percent for the year.

Paulson and Einhorn think central bankers' easing of monetary policy will cause an uptick in the precious metal.

On watch today include: SPDR Gold Trust (NYSE: GLD) and iShares Gold Trust (NYSE: IAU).

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