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Katchum
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Albert Sung is the author of the Katchum Macro-Economic Blog, monitoring breaking economic news on a day to day basis. He started investing in 2008 because of the economic crisis and holds a masters degree in chemical engineering. Previously, he worked several years as a process engineer at... More
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  • The Ultimate Evidence Of A Gold Bottom: George Soros 2 comments
    May 20, 2012 5:36 PM | about stocks: GLD

    If you don't believe in the bottom in gold yet, then here is the ultimate evidence of gold hitting the bottom.

    George Soros, who calls the gold an "ultimate bubble", has quadrupled his SPDR Gold holdings (GLD).

    I'd say: let's follow the guru.

    Disclosure: I am long GLD, PHYS.

    Stocks: GLD
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  •  
    Surprising that if Soros has much GLD that it didn't go up much if any, when he bought. Silver and gold are still pretty much tracking each other (just a rule of thumb observation).
    20 May 2012, 06:19 PM Reply Like
  •  
    But SLV went down more than GLD. Maybe that's because of Soros.
    21 May 2012, 11:21 AM Reply Like
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