Soros placed a long position in Gold

Discussion in 'Metal Futures' started by ancientree, Jul 19, 2008.

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

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

    short USO and long puts on GLD
     
  3. JMHO....airlines are a good buy down here.
     
  4. Peter Schiff also expects gold to continue to rise, perhaps $1,150
     
  5. 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
     
  6. Daal

    Daal

    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
     
  7. ess1096

    ess1096

    Looks like he expects the spread on this chart to converge.
    [​IMG]
     
  8. Soros into spread trading , hmmm
     
  9. ess1096

    ess1096

    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
     
    #10     Jul 20, 2008