Some of the big hedge funds still are betting on the price of gold, even though a large number dumped most, if not all, their shares in Jim Cramer's favorite way to own gold, and that's using the SPDR Gold Trust ETF ( GLD). GLD finished the week still clinging to life at $152.46 on average volume.

Jim Cramer and Stephanie Link actively manage a real money portfolio for his charitable trust -- enjoy advance notice of every trade, full access to the portfolio, and deep coverage of the latest economic events and market movements.

Legendary hedge fund manager John Paulson and his firm, Paulson & Co., remain believers in the future of gold. Paulson continues to hold the largest position in GLD with nearly 22 million shares, worth a jaw-dropping $3.344 billion. That's what most would call conviction.

By the way, Paulson's firm still holds large positions in gold and silver producing companies like AngloGold Ashanti ( AU), which hit a 52-week low on Friday of $23.88 and finished the day at $24.05.

As of Dec. 31, Paulson & Co. held 7.35% of the outstanding shares of AU, valued at nearly $885 million. Van Eck Associates Corp. owned over 4% of AU's shares worth, over $490 million as of the end of 2012.

Now I'll let you in on my little secret. After the earlier mentioned magazine proclaimed "The Death of the Stock Market," the stock market began a bull market that lasted for 18 years and soared to new all-time highs.

So if I proclaim "The Death of Gold and Silver Stocks" I just may be the catalyst that begins the next really big rally in said stocks. It's definitely worth a try, although the efficacy of it is questionable and I've been expecting that rally for weeks now. My crystal ball needs a good cleaning.

I'll close by showing you a very interesting two-year chart of a gold miner ETF that you probably haven't heard much about. The Global X Pure Gold Miners ETF ( GGGG) also hit a new 52-week low on Friday.

GGGG Chart GGGG data by YCharts

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