John Paulson has increased his stake in Novagold Resources Inc. (NYSEAMEX:NG) up to 12.4%. Disclosure of trading from March 15th up to April 9th revealed that the fund manager increased his stock by 4.5 million shares. The increase in his stake at Novagold supports Paulson’s generally held view that investors should put their money in metals right now. The fund manager is still reeling from a disastrous 2011. His bet on an early recovery of the US economy, followed by a retreat from that position, left him with all of the losses and few of the gains from bank shares last year….
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