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.

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