George Soros's hedge fund more than doubled its bet on the price of gold during the fourth quarter, as the firm reported total U.S.-listed equity holdings of $8.8 billion at the end of 2009, Reuters reported
Remember Soros's Davos interview that got everyone's knickers in a twist?
In comments delivered on the fringe of the World Economic Forum, Mr Soros said: "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."
Talking one's book is standard operating procedure (SOP) in the trading world. The Chinese do it. To the dismay of many (now), Soros obviously does it. Yet, the line to dump gold during the Davos pow-wow was long and fashionable.
Source: finance.yahoo.com
0 comments:
Post a Comment