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George Soros's fund bailed out on the big gold ETF
MarketWatch ^ | 11/15/2016

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 ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: chinaetf; gold; goldetf; goldprice; golf; hedgefund; soros; sorosgold
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1 posted on 11/15/2016 8:45:32 AM PST by tekrat
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To: tekrat

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.


2 posted on 11/15/2016 8:48:56 AM PST by Steely Tom ([VOTE FRAUD] == [CIVIL WAR])
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To: Steely Tom

He knew Hillary was going to lose..............


3 posted on 11/15/2016 8:51:12 AM PST by Red Badger (In CHICAGO????...In Boston????....)
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To: tekrat

We PM-Bugs knew a correction was coming.

Debt-Free and diversifying has been my strategy. 15 years in PMs.

So far, so good. :)


4 posted on 11/15/2016 8:52:11 AM PST by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set!)
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To: Steely Tom

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.


5 posted on 11/15/2016 8:58:09 AM PST by wastoute (Government cannot redistribute wealth. Government can only redistribute poverty.)
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To: wastoute

LOL!


6 posted on 11/15/2016 9:17:28 AM PST by TexasGator
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To: tekrat

I’m sure he’s just trading paper gold for physical gold.


7 posted on 11/15/2016 9:18:02 AM PST by VanShuyten ("a shadow...draped nobly in the folds of a gorgeous eloquence.")
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