george soros

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JIM ROGERS - IS THE GOLD RUSH OVER? Or is NOW the time to BUY? Jim Rogers will BUY GOLD at $1300 SUBSCRIBE for more on GOLD , SILVER , ETF and more of the BULLION MARKETS - http://www.youtube.com/829SPEEDY Silver hit a 2-1/2 year low on Monday, prompted by heavy fund liquidation in Asian trade, while gold was on track for its longest run of losses since March 2009 weighed by speculation that the U.S. Federal Reserve might rein in its economic stimulus programme. Investors have been dumping gold and silver, which are down 20 percent and 30 percent respectively this year, while stocks and the dollar have risen on an improving global economic outlook. Gold-backed exchange-traded funds have seen massive outflows in recent months, although silver holdings have held up well. Silver was down 4 percent at $21.39 an ounce by 1009 GMT after touching $20.84, its lowest since September 2010. COMEX silver futures dropped as much as 9 percent. Analysts had said it was only a matter of time before silver would give way given flagging industrial demand. More than 3,000 lots were sold in Comex silver futures in just 20 minutes of early Asian trading on Monday, Reuters data showed. "The move was exacerbated by the fact that it happened when liquidity was very thin in Asian trade," he added. "If the same happened in London or New York hours, the size of the liquidation might have been cushioned by higher volumes." The gold-silver ratio is at its highest level since September 2010 with an ounce of gold currently buying 63 ounces of silver. That is twice as much as in April 2011, when silver was trading considerably higher. Holdings of the largest silver ETF, the iShares Silver Trust, fell 187.7 tonnes last week to 10,253 tonnes, hitting their lowest level since mid-January. That was the trust's biggest weekly outflow since the start of May. The fundamentals for gold are unassailable, the long technical picture is excellent and gold remains very inexpensive when compared to almost every other alternative (most particularly, bonds, treasury bills and bank deposits). With currency debasement assured and some form of hyperinflation probable, gold should trade at several multiples of the current price before this bull market reaches its end." John Embry, Chief Investment Strategist for Sprott Gold and Precious Minerals Fund Ever the investor who loves to confuse markets -- remember how his description of gold as the 'ultimate bubble' confused some folk as he bought the metal himself -- George Soros has done it again with his gold ETF sales. Today the global financial press is awash with reports that Mr. Soros has sold gold again. True. But he has reinvested that money in a far more risky investment in gold miners whose performance is leveraged against the gold price. They go up faster than the gold price and they fall further when it comes down too. Very bullish The Soros Investment Fund's 13F filing does indeed show the sale of 12 per cent of his total investment in GLD. But it also reveals that he then used $40 million of that cash to buy shares of the Market Vectors Gold Miner Major ETF (GDX). Then he also bought $25 million worth of call options on the Market Vectors Gold Miner Junior ETF (GDXJ). As all gold mining stocks are leveraged plays on the price of gold and the juniors are the most leveraged bet of all, this is very bullish. The second investment in the juniors is about as bullish on the gold price as anybody could get. gold "gold bullion" trend lost percent "wall street" "gold rush" buy sell "gold price" "jim rogers" business investment 2013 investing "gold etf" usd dollar position decline bull bear market correction "gold value" value "gold coin" "gold bullion" "gold bar" gld "gold premium" "silver bullion" silver mine mining stocks u.s. "united states" america commodity russia china india japan recession shares inflation fear ben bernanke central bank printing money europe england uk global yen yuan asia gerald cel...