Soros dumps gold as prices sink

Soros dumps gold as prices sink

Posted in the Weird Forum

“"*" Always Thinking "*"”

Level 8

Since: Nov 12

Tree City

#1 Feb 15, 2013
Soros dumps gold as prices sink
http://i2.cdn.turner.com/money/dam/asset....-...

Billionaire investor George Soros is increasingly bearish on gold.
Soros cut his investment in the SPDR Gold Trust (GLD) in half during the fourth quarter, according to a regulatory filing.

The $8.5 billion Soros Fund Management now owns 600,000 shares of the gold ETF, worth an estimated $97 million. That's down from 1.3 million shares, worth more than $227 million, in the third quarter. The ETF is one of the most widely held gold-backed ETFs.

Soros also sold his stake in gold miner Kinross Gold Corp.(KGC), which was worth about $18 million, but held onto 1.7 million shares of Freeport-McMoran

http://money.cnn.com/2013/02/15/investing/sor...

What's he know I don't?
Unmountable Kitty

Huntington, NY

#2 Feb 15, 2013
How to play word games properly?

“"*" Always Thinking "*"”

Level 8

Since: Nov 12

Tree City

#3 Feb 15, 2013
MI your gona get it!

Level 6

Since: Jun 09

Location hidden

#5 Feb 15, 2013
Hoosier Hillbilly wrote:
Soros dumps gold as prices sink
http://i2.cdn.turner.com/money/dam/asset....-...
Billionaire investor George Soros is increasingly bearish on gold.
Soros cut his investment in the SPDR Gold Trust (GLD) in half during the fourth quarter, according to a regulatory filing.
The $8.5 billion Soros Fund Management now owns 600,000 shares of the gold ETF, worth an estimated $97 million. That's down from 1.3 million shares, worth more than $227 million, in the third quarter. The ETF is one of the most widely held gold-backed ETFs.
Soros also sold his stake in gold miner Kinross Gold Corp.(KGC), which was worth about $18 million, but held onto 1.7 million shares of Freeport-McMoran
http://money.cnn.com/2013/02/15/investing/sor...
What's he know I don't?
Gold (and silver) have been very inflated for a long time. That price really isn't supportable over the long haul.

“"*" Always Thinking "*"”

Level 8

Since: Nov 12

Tree City

#6 Feb 16, 2013
EraserX do you think all the commercials on TV have anything to do with that-are people that stupid?

michellepain
Level 2

Since: Apr 13

Location hidden

#7 Apr 3, 2013
Soros also sold his stake in gold miner Kinross Gold Corp.(KGC), which was worth about $18 million, but held onto 1.7 million shares of Freeport-McM

james9785
Level 2

Since: Apr 13

Location hidden

#8 Apr 3, 2013
mi your gona get it!

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