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Famed Investor Druckenmiller Bets Big on Beaten-Down SPDR Gold Trust ETF (GLD)
http://www.thestreet.com/story/13257635/1/famed-investor-druckenmiller-bets-big-on-beaten-down-spdr-gold-trust-etf-gld.html?puc=yahoo&cm_ven=YAHOO
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The filing shows more than a 2.8 million share position in GLD valued at about $323,626,000, making the gold position his largest single holding, followed by Facebook (FB) and Wells Fargo (WFC).

Shares of SPDR Gold Trust are currently up 0.29% to $107.16.

"Before the (currency) move from the Chinese government, you couldn't find anyone who could make a bullish case (for gold)," Dan Denbow, a portfolio manager at the $700 million USAA Precious Metals & Minerals Fund told Bloomberg.

But there could potentially be other bright spots when considering a gold play.

Here's what TheStreet's Jim Cramer, portfolio manager of the Action Alerts PLUS charitable trust, says: "The only gold stock I am recommending is Randgold (GOLD) because it has the lowest finding costs, the best African prospects, where the most gold is, and the best management in CEO Mark Bristow."
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