Metals fund builds gold exposure after doubling returns

The Russian-based manager of a metals and mining hedge fund, that returned over 100% last year, is adding exposure to gold companies in the belief that the price of the metal could pass $1700 (E1253) this year and gold will outperform all other metals on a relative basis.

Ryan Dodd, of Specialised Research and Investment Group, or SPRING, believes that gold, which was trading at $1122 this morning, has much higher to go this year. He said: "$1500-$1700 is not in the realm of craziness".

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump