Soros placed a long position in Gold

no doubt about the six month move but it seems gold's price action has stalled short term

and really disappointed when it reversed down hard from 975
 
He's probably using futures but its possible that he is using OTC derivatives as well, GLD?are you mad, that can take only a fraction of his assets
 
Quote from ancientree:

This Forbes article on July 17th says "... Soros finally shorted oil at $137 a barrel and put on a long position in gold;
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Looks like he expects the spread on this chart to converge.
OilGoldRatio1_200807.png
 
Quote from fluttrader:

Soros into spread trading , hmmm
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Here is a clip from the article the OP posted.....

Soros finally shorted oil at $137 a barrel and put on a long position in gold; he expects to see gold hold its ground even if oil continues to decline. In fact, the gold bug clique believes in a consistent 10-to-1 ratio for gold and oil. It holds that either gold will rise to 10 times a barrel of oil ($1,350 an ounce) or oil will fall to $96 a barrel--one-tenth the present market price of gold. Croesus was told Tuesday that statistics spanning many decades support, on average, this 10-to-1 ratio.

Here is another article on the Oil/Gold ratio.....
http://www.resourceinvestor.com/pebble.asp?relid=44538
 
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