---
title: "Gold Bug Royalty"
url: https://independentstockanalysis.com/gold-bug-royalty/
description: "Paulson Steps Up Gold Bet to 44% of Firm’s Equity Assets at Bloomberg . George Soros more than doubled his GLD position to $137.3 million in Q2 ( Zero…"
published: 2012-08-15
updated: 2012-08-15
---

# Gold Bug Royalty

Published 2012-08-15

Posted on

by

J.J. Butler

Paulson Steps Up Gold Bet to 44% of Firm’s Equity Assets at [Bloomberg](http://www.bloomberg.com/news/2012-08-15/paulson-steps-up-gold-bet-to-44-of-firm-s-equity-assets.html). George Soros more than doubled his GLD position to $137.3 million in Q2 ([Zero Hedge](http://www.zerohedge.com/news/soros-gold-action-speaks-louder-bubble-words)). Meanwhile, the S&P 500 has clobbered gold stocks ([chart](http://finance.yahoo.com/q/bc?s=GDX&t=2y&l=on&z=l&q=l&c=^GSPC)).

Which Way Will the Pendulum Swing for Gold? [Frank Holmes](http://www.usfunds.com/investor-resources/frank-talk/which-way-will-the-pendulum-swing-for-gold/) Gold seasonals and outlook considered: [World of Wall Street](http://www.worldofwallstreet.us/2012/08/gold-first-week-in-aug-to-thanksgiving-when-junjul-low-is-higher-than-aprmay-low.html). The Ultimate Guide to Investing in Silver Coins and Bullion at [Commodity HQ](http://commodityhq.com/2012/the-ultimate-guide-to-investing-in-silver-coins-and-bullion/).

When Silver Wheaton announced the large Hudbay royalty stream [purchase](http://www.silverwheaton.com/News1/PressReleases/PressReleaseDetails/2012/Silver-Wheaton-Acquires-Life-of-Mine-Precious-Metals-Streams-from-Hudbays-777-Mine-and-Constancia-Project1130520/default.aspx) last week, their CEO noted “exploration upside potential” as a **must** for new streams. That is a change in attitude, because in [years past](http://www.silverwheaton.com/News1/PressReleases/PressReleaseDetails/2007/Silver-Wheaton-signs-binding-letter-agreement-to-aquire-future-silver-production-from-augusta-resources-rosemount-project/default.aspx) the idea was not even on SLW’s radar screen. They took the page from [Franco-Nevada’s](http://seekingalpha.com/article/361301-franco-nevada-a-remarkable-substitute-for-bonds)playbook. Royal Gold has not seen the memo.

I don’t do juniors, but this is why some gamble: Vancouver gold junior surges 49% after Colombia find at [Mining](http://www.mining.com/vancouver-gold-junior-rockets-49-after-colombia-find-11838/).

Yes, the Action in Silver is Constructive by [All Star Charts](http://allstarcharts.com/yes-the-action-in-silver-is-constructive/).

Gold charts considered four ways at [Dragonfly Capital](http://dragonflycap.com/2012/08/14/gold-4-ways/). We’ve been waiting on the longest impending breakout ever.