Gold funds, recently tarnished, still have big fans

``Shak's fund had just $10 million in assets controlling futures contracts, representing almost $900 million before he unwound after the value of his positions collapsed. Better-capitalized bulls appear to have kept their bets in place, however. According to SEC filings, John Paulson's hedge funds own 31.5 million shares of the SPDR Gold Trust -- a position worth over $4 billion -- in the ETF, which trades under the ticker symbol GLD. '