From Business Insider:

Legendary hedge fund manager Stanley Druckenmiller, who runs Duquesne Capital, made a huge bet on gold during the second quarter.

Duquesne, which is now run as a family office, finished the second quarter with 2.88 million shares of SPDR Gold Trust, according to the fund’s 13F filing.

The new position is now Druckenmiller’s largest long position.

Druckenmiller’s GLD stake had a value of $300.3 million at the end of the quarter based on the June 30 closing share price of $104.27. Shares of GLD have fallen 5.5% since then.

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