Kass Takes a Spin In Gold (GLD)

On twitter, noted bear Doug Kass said he is taking a small long position in gold ETF SPDR Gold Shares (NYSE: GLD) in anticipation of buying into year's end.

Here is what Kass said in his tweet: "i am taking a small long position (rental/trading) in GLD now at 106.7 - figure there might be some buying into year's end in gold."

After soaring to new highs, gold has pulled back recently as the dollars has seen some strength.

You May Also Be Interested In

• Microsoft to consider shareholder proposals through 2027, even as SEC proposes to end oversight of such votes - Reuters
• Exclusive: SB Energy Nasdaq IPO moving forward as planned
• Citi cuts gold exposure on hawkish Fed outlook