The (Short Term) Case for Gold Bullishness: Soros upps holding 50%?

(His stake in GLD, the Paper PM ETF.)

30%
http://www.forbes.com/sites/robertlenzner/2012/11/19/my-gold-guru-doubles-up-on-his-gold-position/

50%
http://www.bloomberg.com/news/2012-...on-boost-gold-holdings-as-prices-gain-3-.html

He's not perfect on his calls, but George probably knows better than I. (I guessed Au might retreat through Year End > ~1,684.)

 

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Interestingly, when Soros was a partner with Jim Rogers, Soros was the trader and Rogers was the strategist. So I don't know how much he knows in the conventional sense and how much is inside information.

 

want to see how this tread evolves so here i am.

 

Soros knows how to move markets for profit. If he is doing something publicly it is most likely because he wants to capitalize on the counter move. Just look at what he did to the British pound in the early 90's.