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Commodities Briefing - Categorized | Bullion/Gold, Market Moves, People more

The Soros gold sale. Has it signalled the end of the gold and silver bull market?

Posted on 23 May 2011

George Soros, the billionaire founder of Soros Fund Management LLC, sold most of his holdings in the bullion-backed SPDR Gold Trust and iShares Gold Trust funds in the first quarter, while buying shares of mining companies Goldcorp and Freeport-McMoRan Copper & Gold.
Soros’s fund held 49,400 shares of SPDR Gold Trust as of March 31, compared with 4.721 million at the end of the fourth quarter. The New York-based fund sold all 5 million shares it held in iShares Gold Trust………………………………………Full Article: Source

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VRS - who has written 38163 posts on Opalesque Commodities Briefing.


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