Soros goes bearish on stocks - bullish on gold.

Discussion in 'Wall St. News' started by ajacobson, Jun 8, 2016.

  1. IOW, "inflate or die" will be resurrected as the catchphrase du jour.
     
    #11     Jun 10, 2016
  2. I don't know, sometime a big trader the name like as george soros if they speech to analysis the market, still many follower will following what that speaking, if look on gold price movement, last week indeed on bullish pattern
     
    #12     Jun 11, 2016
  3. Bekim

    Bekim

    Did he disclose what gold miners he is investing in? I was looking at GFI looks to have bottomed and pays a small dividend.
     
    #13     Jun 11, 2016
  4. Yeah, it mentioned they bought Barrick Gold and Silver Wheaton in Q1.
     
    #14     Jun 11, 2016
  5. Bekim

    Bekim

    cool, I think I might look at buying GFI on a pull back and selling puts on ABX and SLW to purchase the stock.
     
    #15     Jun 11, 2016
  6. SunTrader

    SunTrader

    Gold still hasn't bottomed IMO.
     
    #16     Jun 11, 2016
  7. eganon69

    eganon69

    I would disagree. It's making higher highs and higher lows from recent lows of $1046. It is also trading in an upward channel and nearly every indicator and signal shows its formed/forming a new uptrend on multiple timeframes and on increased volume.
     
    #17     Jun 11, 2016
  8. SunTrader

    SunTrader

    Recent lows .... from 6 months ago. Presently it is at a 3 week high. Big deal. Still almost 5 years after topping out a lot closer to $1000 than $2000. Volume is typical for this time of the year, not increasing.

    All the while ZIRP paying savers zilch Gold can't get a bid. Peter Schiff needs to get a hack show like Cramsky and tout it nightly.
     
    #18     Jun 11, 2016
  9. eganon69

    eganon69


    We all trade our beliefs
     
    #19     Jun 11, 2016
  10. toolazy

    toolazy

    i dont think they will. Last 5 or 6 calls of his I read about, were 100%wrong. Chinese market especially embarassing. Not saying he wasnt bluffing though. Money in front of ego as it should be for every real trader. gold moves up as banks move down.
     
    #20     Jun 12, 2016