By Daily Crux Editor Sean Goldsmith:

Gold has officially hit mainstream status...

From The Journal... "A who's who on Wall Street piled into gold-related investments over recent months. Paulson & Co., Greenlight Capital, Eton Park Capital Management, Hayman Advisors, Blue Ridge Capital Holdings and Highfields Capital Management were among those buying gold futures, shares of gold producers and even physical gold."

The hedge funds are buying to protect against a falling dollar and inflation. John Burbank of hedge fund Passport Capital, who holds 9% of his fund in gold, believes the Chinese will continue buying the metal.

While we believe gold will be a home run in the long term, this trade may be getting a little crowded. Fund-of-funds investors estimate at least 5% of hedge fund assets are in gold-related investments.

Read full article...

More posts on gold demand:

Swiss banks are running out of gold coins

U.K. money manager sees $2,000 gold

Investment fund amasses world's sixth-largest gold hoard