Wednesday, February 17, 2010

Hungarian socialist (Soros) is either very slick, or doesn't know what his traders are up to...(GLD)

My guess is the former, but I'm far from certain

Just a few weeks ago, George Soros told Maria Bartiromo:
"When interest rates are low we have conditions for asset bubbles to develop, and they are developing at the moment. The ultimate asset bubble is gold."

So he thinks that's the ultimate bubble, but Soros Fund Management disclosed that they TRIPLED their holdings in the GLD gold fund in the fourth quarter. Either they sold out of the position completely since the first of the year, or Soros is too busy pushing global warming nonsense and funding groups like to know how his money is being invested...

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