The data was supportive for gold, says Tom Pawlicki, precious-metals analyst with MF Global.

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Other large gold investors include Tom Kaplan, who owns a major position in Novagold(NG), a Canadian company, Frank Giustra, a Canadian mining entrepreneur, The University of Texas pension fund and many others such as US Global Investors, a mutual fund company in San Antonio, Texas.

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For Tom O'Brien , editor of the Gold Report, technicals present the strongest case for a big advance in gold.

FORBES: Magazine Article