Posted on 11/15/2016 8:45:32 AM PST by tekrat
George Soros’s hedge fund Soros Fund Management sold its stake in a widely used gold exchange-traded fund in the third quarter, according to a regulatory filing out Monday.
The fund reported no stake in the SPDR Gold Trust GLD, +0.58% in the period ended Sept. 30. That’s after disclosing a position worth $30.4 million in a second-quarter filing.
The storied billionaire investor had attracted attention during the second quarter for being generally bearish on world markets — and scooping up safety-play gold.
(Excerpt) Read more at marketwatch.com ...
Gold seems to be headed down. Could be because markets expect Trump presidency to increase value of dollar, stabilize international situation. JMHO, not claiming profundity.
He knew Hillary was going to lose..............
We PM-Bugs knew a correction was coming.
Debt-Free and diversifying has been my strategy. 15 years in PMs.
So far, so good. :)
Wait til the Fed Quits pumping $85 billion a month into the economy and starts trying to suck QE back. I am guessing January or Febuary. Gold will scream through previous highs, is my bet.
LOL!
I’m sure he’s just trading paper gold for physical gold.
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