22.02.2013 - When choked gold responds to hedging demand (and Soros)
First, this whole thing about Soros selling GLD is making us sigh a bit. Headlines like “Soros dumps gold as prices sink” are not only misleading but missing the point entirely. What’s even more frustrating is that most of the time the Soros stories refer directly to the issue at hand: the sales date back to the fourth quarter of 2012. These disclosures thus must not be taken at face value. This is, if anything, expert exploitation of the hedge fund disclosure system, based on the expectation that the filings themselves cause people to react stupidly too late rather than too soon...........................................Full Article: Source
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