George Soros increased gold positions in third quarter

Marketwatch ^ | 11/16/2010 | Allistair Barr

[WebFocus]

Soros Fund Management LLC, headed by George Soros, increased gold positions during the third quarter, according to a regulatory filing late Monday. Soros held 4,697,008 shares of the SPDR Gold Trust (GLD 131.88, -0.54, -0.41%) and 705,000 call options on the gold ETF at the end of September, the filing showed. Soros also owned 5,000,000 shares of the iShares Gold Trust (IAU 13.20, -0.05, -0.38%) at the end of the third quarter, according to the filing.

Three months earlier, Soros held 5,244,697 shares of the SPDR Gold Trust, a portion of which was a shared position. The firm held no shares of the iShares Gold Trust at the end of June, according to the filing.

Such regulatory filings don't include all positions held by investment firms. Many derivatives, direct commodity holdings and short positions aren't included.

[WebFocus]

Of course, last September 15,2010, In an exclusive interview with Chrystia Freeland, George Soros says that while gold may go higher it is the ''ultimate bubble.''

Watch the one minute interview he gave here

[DManA]

This tells you NOTHING about his net position. Just the portion that has to report to the US.

[MulberryDraw]

Bloomberg says Soros cut gold holdings.

http://finance.yahoo.com/news/Soros-Cuts-Gold-Holdings-for-bloomberg-958756394.html?x=0&sec=topStories&pos=8&asset=&ccode=

[WestwardHo]

So when Soros has destroyed the world economy, Walmart, energy, food industry, all the wonderful things we enjoy, what’s he going to buy with all that gold?

[jazminerose]

He took Beck’s Goldline advice.

[Sir Beowolf]

Must have listened to Beck

[FromLori]

CME Raises Gold Futures Margins By 6%, Hikes Silver Margins For Second Time In Under A Week

http://www.zerohedge.com/article/cme-raises-gold-futures-margins-6-hikes-silver-margins-second-time-under-week

[Cicero]

Well, I read through it and I have to agree. We really do not know where Soros stands on gold.

Except for the headline, it’s not even really clear from the article where he stands on the stuff he is obliged to report. I read it through several times and still could barely figure out what it was saying.

[Cicero]

I think those margin increases are favors from the Comex traders to JPMorgan and others who are holding huge naked shorts in gold and/or silver. They’re trying to knock prices down as a favor to their pals.

I figure that will only result in a small correction into the first week of December, probably.

As the Hunt Brothers discovered in 1980, the rules are changed, if necessary, to favor the insiders.

[NoLibZone]

Soros make his money by pushing things to lose value.

And he controls the DNC and uses it to lower the US’s lose value.

[NoLibZone]

Soros make his money by pushing things to lose value.

He controls the DNC and uses it to lower the US’s value.

[G Larry]

CNBC reported this a.m. that his net position was DOWN for the quarter.

[FromLori]

I agree JPMorgan has problems big time with silver and there is a sort of campaign going on right now as well

Crash JP Morgan Buy Silver – Growing Economic Guerrilla War to Crash Bank With Silver Bullets

http://www.rightpundits.com/?p=7681

[MichaelCorleone]

-—Soros held 4,697,008 shares of the SPDR Gold Trust...-—

It hurts when you’re reminded that you’re a piker...