And speaking of head fakes to hoodwink retail investors out of their winning positions, after declaring gold was the "ultimate bubble" asset--helping cause the decline in gold prices, it appears George Soros jumped right back in and bought gold at its lows late last year.
It's the oldest trick in the snooker playbook: incite fear by talking down the asset you want to buy at lower prices. And when the price plummets, load up the truck and buy said asset at a discount.
http://www.moneynews.com/StreetTalk/Soros-Buy-Gold-metal/2012/01/06/id/423276
By the way, Soros closed his fund down and redeemed client funds last year--he is no longer managing other people's money (OPM). He is only managing family money.
Monday, January 9, 2012
Subscribe to:
Post Comments (Atom)
Posts
![[Most Recent Quotes from www.kitco.com]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_tg2ZRhCybFtwLLCHcFZU3TaTMuwwnLisbrgbJ6Fx7fAFodxAb-bw73cX5i7y6DRiOoOahNXX1MoSetV4Ze8MU2CwRAEOXtLyh35Ch8aVTS4HNetpbwkagkJHDXkHEjEiP_Cg=s0-d)
![[Most Recent Quotes from www.kitco.com]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_toK3SreGFl_bYRkfkxmZb0wPYLmmGOX1rGaXt8U7fYAlgZfJ4VOmSv-4ss26q9CEoEWfcg-sS0eRP4cHWCRLw1kMjWbfMgvgdrcWmOETNoOgF3a0dbt1PWVxMcE2QYyXv_yLTm=s0-d)
![[Most Recent USD from www.kitco.com]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_udFyQhS0LtIE1o_DmfUFx-rHXeHZScy8Gwwo0A3miMtlH8hgNAw2HkotXbxhOIXRKzTm8YW4BOqzygo4HRPXz5M3mPJQAHQiOUM4V53LSwYHMl-BPreYW3=s0-d)
No comments:
Post a Comment