Soros: Gold Is Ultimate Asset Bubble

Quote from pspr:

Soros Fund sold shares of gold etf but still holds the eqivilent of 16 tons. In January he said gold was the utimate asset bubble. Others are uber bullish.

http://www.bloomberg.com/news/2010-...-for-analysts-as-soros-s-bubble-inflates.html
More...

Who knows why he's saying this, but it's obvious he funds political interest that will lead to the investing outcome he wants. I wonder when the SEC will have the cajones to go after him like they did GS...probably never.
 
I believe he thinks the gold trade is reflexive. He will try to ride it up and then short it when he thinks the market or reflexivity has reached a top.
 
Quote from bozwood:

I believe he thinks the gold trade is reflexive. He will try to ride it up and then short it when he thinks the market or reflexivity has reached a top.
More...



I don't know if they were still partners at the time but Rogers is on record for shorting gold at 700ish$ an ounce back in the seventies/eighties to see it rise to 850$ an ounce... after which it crashed and Rogers made a profit.
 
That sounds like Rogers, doesn't it? He said he never was a good trader.

Quote from Debaser82:

I don't know if they were still partners at the time but Rogers is on record for shorting gold at 700ish$ an ounce back in the seventies/eighties to see it rise to 850$ an ounce... after which it crashed and Rogers made a profit.
More...
 
Quote from Debaser82:

I don't know if they were still partners at the time but Rogers is on record for shorting gold at 700ish$ an ounce back in the seventies/eighties to see it rise to 850$ an ounce... after which it crashed and Rogers made a profit.
More...

I knew someone who was shorting gold around $300 on the way to $850 and some silver, too. Turned his $25,000 account into a MINUS $250,000 when silver locked limit against him. :confused:
 
You must log in or register to reply here.
Back
Top