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Soros leads gold-stake cuts before bear market drop

Posted on 16 May 2013

Billionaire investor George Soros joined Northern Trust Corp. and Blackrock Inc. in cutting holdings of exchange-traded products backed by gold before a bear market in prices last month, while John Paulson maintained a stake that lost about $165 million in the first quarter.
Soros Fund Management LLC lowered its investment in the SPDR Gold Trust, the biggest such fund, by 12 percent to 530,900 shares as of March 31, compared with three months earlier, a Securities and Exchange Commission filing showed……………………………………Full Article: Source


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