In a Gaudy Light October 13, 2010 Dear Investor: All that glitters seems to be gold. With the metal at $1,346 per ounce, up from $800, the two-year return on bullion is nearly 70%. Our clients own small gold positions, via the exchange traded fund GDX, which owns shares of gold mining stocks. In late 2008, we purchased the GDX at $30.78 across client accounts in approximately 1%-3% weightings. The price is now $56.40, a near doubling in less...