Soros goes bearish on stocks - bullish on gold.

der_kommissar · Jun 10, 2016

clacy said:
The mood for austerity has passed. It's go time for PM's IMO.

IOW, "inflate or die" will be resurrected as the catchphrase du jour.

radex78 · Jun 11, 2016

I don't know, sometime a big trader the name like as george soros if they speech to analysis the market, still many follower will following what that speaking, if look on gold price movement, last week indeed on bullish pattern

Bekim · Jun 11, 2016

Did he disclose what gold miners he is investing in? I was looking at GFI looks to have bottomed and pays a small dividend.

IntergalacticSpace · Jun 11, 2016

Bekim said:
Did he disclose what gold miners he is investing in? I was looking at GFI looks to have bottomed and pays a small dividend.

Yeah, it mentioned they bought Barrick Gold and Silver Wheaton in Q1.

Bekim · Jun 11, 2016

cool, I think I might look at buying GFI on a pull back and selling puts on ABX and SLW to purchase the stock.

SunTrader · Jun 11, 2016

Gold still hasn't bottomed IMO.

eganon69 · Jun 11, 2016

SunTrader said:
Gold still hasn't bottomed IMO.

I would disagree. It's making higher highs and higher lows from recent lows of $1046. It is also trading in an upward channel and nearly every indicator and signal shows its formed/forming a new uptrend on multiple timeframes and on increased volume.

SunTrader · Jun 11, 2016

Recent lows .... from 6 months ago. Presently it is at a 3 week high. Big deal. Still almost 5 years after topping out a lot closer to $1000 than $2000. Volume is typical for this time of the year, not increasing.

All the while ZIRP paying savers zilch Gold can't get a bid. Peter Schiff needs to get a hack show like Cramsky and tout it nightly.

eganon69 · Jun 11, 2016

SunTrader said:
Recent lows .... from 6 months ago. Presently it is at a 3 week high. Big deal. Still almost 5 years after topping out a lot closer to $1000 than $2000. Volume is typical for this time of the year, not increasing.

All the while ZIRP paying savers zilch Gold can't get a bid. Peter Schiff needs to get a hack show like Cramsky and tout it nightly.

We all trade our beliefs

toolazy · Jun 12, 2016

radex78 said:
I don't know, sometime a big trader the name like as george soros if they speech to analysis the market, still many follower will following what that speaking, if look on gold price movement, last week indeed on bullish pattern

i dont think they will. Last 5 or 6 calls of his I read about, were 100%wrong. Chinese market especially embarassing. Not saying he wasnt bluffing though. Money in front of ego as it should be for every real trader. gold moves up as banks move down.