How are the smart fund managers playing this?

I don't know how the smart fund managers are handling this exact situation, but I do follow a few that have called this entire situation to date. Soros is short T-Notes and long certain foreign stocks. Fleckenstein is short T-Notes, short tech and the market, and long gold. Another one or two I follow are primarily long gold after having closed out shorts (or in process of finishing up). It's said that more and more parties are wanting to take physical delivery of gold, so the price of gold is about to skyrocket.

I'd like to know what John Paulson is doing. He's the guy that made $3 TRILLION off the subprime collapse by buying credit default swaps.

Most of these guys are way early on these macro trades. Some are closing their shorts and starting to buy. I guess that means, maybe, that that's the play to make in another week or two or more. That short T-Notes trade is probably on the money but a bit early