Seeking Alpha

Katchum's  Instablog

Katchum
348 Followers
16 Following
Send Message
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
My blog:
Katchum's Macro-Economic blog
  • 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
Back To Katchum's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

This post has 2 comments:

Track new comments on this article
  •  
    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
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Most Commented
Posts by Themes
Agriculture, Bonds, bonds, capacity utilization, China, COMEX, commodities, Correlation, debt, economy, Economy, forex, gold-and-precious-metals, Government Bonds, insider-ownership, long-ideas, market-outlook, Non-Farm Payroll, QE3, real-estate, Unemployment, USD
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.