09.09.2015 - Smart Money May Be Early But It's Betting On Commodities
A few legendary influencers in investing are making huge bets right now on commodities, an area that continues to face some pretty strong headwinds. Stanley Druckenmiller made a $323-million bet on gold, now the largest position in his family office fund. Meanwhile, George Soros recently moved $2 million into coal producers Peabody Energy and Arch Coal, and activist investor Carl Icahn took an 8.5-percent stake in copper miner Freeport-McMoRan, which we own. My friend Marc Faber, the widely-respected Swiss investor and editor of the influential “Gloom, Boom & Doom Report,” is now plugging for the mining sector and precious metals...............................................Full Article: Source
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