Soros placed a long position in Gold

This Forbes article on July 17th says "... Soros finally shorted oil at $137 a barrel and put on a long position in gold; he expects to see gold hold its ground even if oil continues to decline..."

http://www.forbes.com/opinions/2008...ed-cx_rl_0717croesus.html?feed=rss_popstories

Anyone know how he is long gold? Futures, equities (and which), GLD, etc...? I'm curious.

 

the market always tells us what matters both in the short term and long term

 

dumped a lot of gold on fri. and will dump more monday..

short USO and long puts on GLD

 

JMHO....airlines are a good buy down here.

 

Peter Schiff also expects gold to continue to rise, perhaps $1,150

 

no doubt about the six month move but it seems gold's price action has stalled short term

and really disappointed when it reversed down hard from 975

 

He's probably using futures but its possible that he is using OTC derivatives as well, GLD?are you mad, that can take only a fraction of his assets

 

Looks like he expects the spread on this chart to converge.

 

Soros into spread trading , hmmm

 

Here is a clip from the article the OP posted.....

Soros finally shorted oil at $137 a barrel and put on a long position in gold; he expects to see gold hold its ground even if oil continues to decline. In fact, the gold bug clique believes in a consistent 10-to-1 ratio for gold and oil. It holds that either gold will rise to 10 times a barrel of oil ($1,350 an ounce) or oil will fall to $96 a barrel--one-tenth the present market price of gold. Croesus was told Tuesday that statistics spanning many decades support, on average, this 10-to-1 ratio.

Here is another article on the Oil/Gold ratio.....
http://www.resourceinvestor.com/pebble.asp?relid=44538