Filed Pursuant to Rule 424(b)(3)
Registration No. 333-151632       

SUPERFUND GOLD, L.P. – SERIES A-1, A-2 AND SERIES B-1, B-2 SUPPLEMENT
DATED NOVEMBER 20, 2012 TO PROSPECTUS DATED MAY 11, 2012

OCTOBER 2012 PERFORMANCE UPDATE

	October 2012	Year to Date	Total NAV 10/31/2012	NAV per Unit 10/31/2012
Series A-1	-6.03%	1.10%	$13,409,866	$1,512.67
Series A-2	-5.87%	2.80%	$3,298,888	$1,671.22
Series B-1	-6.95%	-3.36%	$4,834,865	$1,199.93
Series B-2	-6.79%	-1.73%	$3,888,493	$1,278.36

          * All performance is reported net of fees and expenses

Fund results for October 2012:

          The Fund’s strategies produced disappointing results in October as encouraging economic data supported equities while commodity demand remained tepid. Investors looking for signs of additional economic stimulus were let down as central bankers were generally quiet. In China, direct foreign investment fell for the 10^th time in 11 months, contrasting with improvements in exports and retail sales. U.S. housing starts hit a 4-year high and unemployment unexpectedly fell below 8.0%, lifting stocks and pressuring safe-haven debt instruments. Moody’s maintained Spain’s credit rating at investment grade, citing the European Central Bank’s (“ECB”) willingness to buy sovereign debt. Growing stockpiles of crude oil and distillate fuels met head-on with diminishing demand. RBOB gasoline fell for nine straight sessions, its longest slump in 25 years. The Fund’s short-term strategies yielded mixed returns with gains currencies and losses in metals and interest rates.

          The Fund’s equity positions generated mixed results in October. While economic conditions remained challenging across Europe, equities finished modestly higher on improved economic data. The Italian MIB (+1.9%) and French CAC40 (+2.2%) both finished with gains as industrial production improved. The London FTSE (+0.9%) rose modestly as GDP growth beat forecasts while the German DAX (+0.5%) was slightly higher despite declining factory orders. Equities in the east were mixed as uncertainty drove investor sentiment. Chinese H-Shares (+7.6%) rose as GDP and retail sales surpassed expectations. The South Korean Kospi (-5.2%) fell as growth remained sluggish while the Nikkei (+0.5%) rose on anticipated government stimulus. Weakness in the U.S. technology sector sent the Nasdaq down 5.4%.

          The Fund’s allocations to long-term interest rates underperformed in October as European peripheral woes created a risk-on, risk-off environment, while economic data in the U.S. pressured treasury futures. German bunds dropped 0.7% after Moody’s affirmed Spain’s investment grade credit rating at just above junk. Moody’s subsequently lowered the ratings of five Spanish regional economies. The localized

downgrades along with an 11% tumble in Spanish retail sales drove assets back into the safety of bunds. Bund yields climbed as high as 1.66% before falling back to 1.46%. U.S. bonds experienced consistent declines, influenced by a drastic dip in the unemployment rate and significant increases in new housing starts.

          The Fund’s positions in the metals sector underperformed in October as prospects for additional stimulus measures diminished and the U.S. dollar firmed. Expectations for another round of growth initiatives in China receded as September exports climbed 9.9% and industrial production accelerated. The Fed avoided addressing the approaching expiration of their Operation Twist program, reducing demand for gold and silver as inflation hedges. Comex copper and LME aluminum declined 6.4% and 9.8% respectively as the debt crisis continued to weigh on world economies.

          The Fund’s energy portfolio underperformed in October as markets gave back recent gains. Crude oil fell another 7% as the global economy remained weak. North American crude output swelled to a 17-year high while consumption fell to a 4-year low. Earning misses by economic heavyweights Microsoft and General Electric signaled further demand reduction while Chinese imports remained depressed. European benchmark Brent crude (-3.3%) held up well relative to the WTI contract as the spread between the two widened to as much $24.87. Natural gas (+2.2%) rose to a 2012 high ($3.97/M btu) as storage levels were unchanged even though production rates remain high.

          The Fund’s allocations to foreign exchange markets generated moderate gains as the U.S. dollar fluctuated relative to world currencies. The British pound was steady against the U.S. dollar as GDP rose 1.0%, taking the U.K. out of recessionary territory. The Euro (+0.7%) rose modestly as the ECB took no action, citing elevated but acceptable levels of inflation. The Australian dollar weakened as the RBA unexpectedly cut rates by 25 bps to 3.25% before a sharp climb in consumer prices (+1.4%) dampened expectations for further easing. The Canadian dollar (-1.6%) fell as a BOC governor’s discouraging economic outlook doused expectations of near-term tightening.

          The Fund’s perpetual long gold position negatively impacted performance in October as signs of economic stability reduced precious metal demand. Expectations that central bankers globally will curb stimulus measures reduced demand for gold as a hedge against inflation.

          Other market sectors, relative to those discussed above, did not have a substantial impact on the month’s overall performance.

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS

SUPERFUND GOLD, L.P. – SERIES A-1
OCTOBER 2012 ACCOUNT STATEMENT
(Prepared from Books without Audit for the Month ended October 31, 2012)

STATEMENT OF INCOME
	OCTOBER 2012
Investment income, interest	$	(446	)
Expenses
Management fee		25,249
Ongoing offering expenses		-
Operating expenses		8,416
Selling commissions		22,443
Other expenses		49
Incentive fee		-
Brokerage commissions		25,820
Total expenses		81,978
Net investment gain (loss)		(82,424	)
Realized and unrealized gain (loss) on investments
Net realized gain (loss) on futures and forward contracts		(515,831	)
Net change in unrealized appreciation (depreciation) on futures and forward contracts		(262,417	)
Net gain(loss) on investments		(778,248	)
Net increase (decrease) in net assets from operations	$	(860,672	)
STATEMENT OF CHANGES IN NET ASSET VALUE
	OCTOBER 2012
Net assets, beginning of period	$	14,118,744
Net increase (decrease) in net assets from operations		(860,672	)
Capital share transactions
Issuance of shares		210,645
Redemption of shares		(58,851	)
Net increase(decrease) in net assets from capital share transactions		151,794
Net increase(decrease) in net assets		(708,878	)
Net assets, end of period	$	13,409,866
NAV Per Unit, end of period	$	1,512.67

SUPERFUND GOLD, L.P. – SERIES A-2
OCTOBER 2012 ACCOUNT STATEMENT
(Prepared from Books without Audit for the Month ended October 31, 2012)

STATEMENT OF INCOME
	OCTOBER 2012
Investment income, interest	$	(109	)
Expenses
Management fee		6,201
Ongoing offering expenses		-
Operating expenses		2,067
Other expenses		12
Incentive fee		-
Brokerage commissions		6,341
Total expenses		14,621
Net investment gain (loss)		(14,731	)
Realized and unrealized gain (loss) on investments
Net realized gain (loss) on futures and forward contracts		(126,685	)
Net change in unrealized appreciation (depreciation) on futures and forward contracts		(64,448	)
Net gain(loss) on investments		(191,133	)
Net increase (decrease) in net assets from operations	$	(205,863	)
STATEMENT OF CHANGES IN NET ASSET VALUE
	OCTOBER 2012
Net assets, beginning of period	$	3,497,058
Net increase (decrease) in net assets from operations		(205,863	)
Capital share transactions
Issuance of shares		35,000
Redemption of shares		(27,306	)
Net increase(decrease) in net assets from capital share transactions		7,694
Net increase(decrease) in net assets		(198,169	)
Net assets, end of period	$	3,298,889
NAV Per Unit, end of period	$	1,671.22

SUPERFUND GOLD, L.P. – SERIES B-1
OCTOBER 2012 ACCOUNT STATEMENT
(Prepared from Books without Audit for the Month ended October 31, 2012)

STATEMENT OF INCOME
	OCTOBER 2012
Investment income, interest	$	(268	)
Expenses
Management fee		9,103
Ongoing offering expenses		-
Operating expenses		3,034
Selling commissions		8,092
Other expenses		263
Incentive fee		-
Brokerage commissions		14,384
Total expenses		34,876
Net investment gain(loss)		(35,144	)
Realized and unrealized gain(loss) on investments
Net realized gain(loss) on futures and forward contracts		(272,244	)
Net change in unrealized appreciation (depreciation) on futures and forward contracts		(53,771	)
Net gain(loss) on investments		(326,015	)
Net increase (decrease) in net assets from operations	$	(361,159	)
STATEMENT OF CHANGE IN NET ASSET VALUE
	OCTOBER 2012
Net assets, beginning of period	$	5,191,774	)
Net increase (decrease) in net assets from operations		(361,159	)
Capital share transactions
Issuance of shares		4,250
Redemption of shares		-
Net increase (decrease) in net assets from capital share transactions		4,250
Net increase(decrease) in net assets		(356,909	)
Net assets, end of period	$	4,834,866
NAV Per Unit, end of period	$	1,199.93

SUPERFUND GOLD, L.P. – SERIES B-2
OCTOBER 2012 ACCOUNT STATEMENT
(Prepared from Books without Audit for the Month ended October 31, 2012)

STATEMENT OF INCOME
	OCTOBER 2012
Investment income, interest	$	(215	)
Expenses
Management fee		7,309
Ongoing offering expenses		-
Operating expenses		2,436
Other expenses		211
Incentive fee		-
Brokerage commissions		11,549
Total expenses		21,506
Net investment gain(loss)		(21,721	)
Realized and unrealized gain(loss) on investments
Net realized gain(loss) on futures and forward contracts		(218,589	)
Net change in unrealized appreciation (depreciation) on futures and forward contracts		(43,173	)
Net gain(loss) on investments		(261,763	)
Net increase (decrease) in net assets from operations	$	(283,483	)
STATEMENT OF CHANGE IN NET ASSET VALUE
	OCTOBER 2012
Net assets, beginning of period	$	4,171,976
Net increase (decrease) in net assets from operations		(283,483	)
Capital share transactions
Issuance of shares		0
Redemption of shares		-
Net increase (decrease) in net assets from capital share transactions		0
Net increase(decrease) in net assets		(283,483	)
Net assets, end of period	$	3,888,493
NAV Per Unit, end of period	$	1,278.36

TO THE BEST OF MY KNOWLEDGE AND BELIEF, THE INFORMATION CONTAINED HEREIN IS ACCURATE AND COMPLETE.

/s/ Nigel James

Nigel James, President

Superfund Capital Management, Inc.

General Partner

Superfund Gold, L.P.