
The gold fund, one notes, has also eclipsed the broad advance of the S&P 500 (^GSPC 0.13%) – by twenty-three percentage points year to date, and a substantial fifty-two over half a year. Two figures, familiar to those who navigate the labyrinthine corridors of high finance – Israel Englander of Millennium Management and Ken Griffin of Citadel Advisors – have, with a prescience that borders on the uncanny, increased their holdings in this ancient refuge. Mr. Englander added 104,900 shares in the third quarter, a modest addition to his portfolio, less than one percent, yet significant in its direction. Mr. Griffin, more decisively, acquired 255,100 shares, and further secured his position with call options – a clear indication of conviction. These are not impulsive men, these two. They have witnessed cycles, endured storms, and learned to read the subtle shifts in the prevailing winds.