Posted By: Frank HolmesPosted date: September 07, 2015 05:00:11 AMIn: Top StoriesNo Comments Here's Your Guide To What The Influencers Are Saying About Commodities by Frank Holmes A few legendary influencers in investing are making huge bets right now on commodities, an area that’s faced—and continues to face—some pretty strong headwinds. What are we to make of this? I already shared with you that famed hedge fund manager Stanley Druckenmiller made a $323-million bet on gold, now the largest position in his family office fund. It’s also come to light that George Soros recently moved $2 million into coal producers Peabody Energy and Arch Coal. Meanwhile, activist investor Carl Icahn took an 8.5-percent position in copper miner Freeport-McMoRan, which we own. My friend Marc Faber, the widely-respected Swiss investor and editor of the influential “Gloom, Boom & Doom Report,” is now plugging for the mining sector and precious metals. Speaking to Bloomberg TV this week, Faber claimed that investors are running low on safe assets and suggested they revisit mining companies: http://www.valuewalk.com/2015/09/co...m_campaign=EMAIL_DAILY&utm_content=quick_link
At this point, right around now, historically, in the phase of big moves...is where big hedge funds get blown up. Also, these particular few never talk or show their book, but rather talk and/or make very short term moves in order to front run or better position themselves for longer term plays. -Commodities usually have long term moves- Regarding Faber. yes he is right every 8-10 years.
This is incorrect. I think you confound Marc Faber with Jim Rogers. Marc Faber took some profits in 2012 with his gold exposure (not gold mining), and add some during the last two years. He got zero mining stocks during the last years. CM
Here's Faber pumping gold miners 2 years ago when they were 100% higher: http://www.cnbc.com/id/100952482 Just one soundbite from 2013. There are numerous other of the last decade.