Oh, Those Hedge Funds

A snippet from the Wall Street Journal's "Heard On The Street" feature discusses SEC senior policy advisor Rick Bookstaber's attempt to put a nefarious spin on hedge fund gold buying.

Big, publicly disclosed bull bets on gold taken by notable hedgies such as George Soros and John Paulson may be meant to lure less-sophisticated investors into a bubble, Bookstaber wrote in a personal opinion piece published Tuesday on the Web site of Roubini Global Economics.

The WSJ's reaction? My gosh...they talk their book!