Soros back into the gold miners; Paulson steady


After cutting its gold holdings by more than half in Q2, Paulson & Co. held steady in Q3, its 13-F still showing ownership of 10.23M ounces of the Gold SPDR (GLD) as of September 30. The fund had held 21.8M shares at the end of Q1.

Maybe of more interest, Soros Fund Management purchased 1.1M shares of the Gold Miners ETF (GDX) in Q3. Ever the trader, Soros had previously unloaded all of his 2.67M shares during Q2.

Gold ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GLL, DZZ, UGLD, DGL, DGZ, AGOL, GLDI, DGLD, FSG, TBAR, UBG

Gold miner ETFs: GDX, GDXJ, NUGT, DUST, GLDX, GGGG, RING, PSAU, JNUG, JDST

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Comments (9)
  • EuricoIFConsultant
    , contributor
    Comments (38) | Send Message
     
    Interesting note on Soros....
    15 Nov 2013, 08:47 AM Reply Like
  • filipo
    , contributor
    Comments (4662) | Send Message
     
    If you want to find the chicken, follow the fox.
    15 Nov 2013, 08:49 AM Reply Like
  • EXFED
    , contributor
    Comments (35) | Send Message
     
    Convert your gold to whiskey, the ultimate bartering tool!
    It will not freeze (I live in Minnesota) and it has a long shelf life, and the worst that can happen is that you will have to drink it!
    15 Nov 2013, 09:05 AM Reply Like
  • BoulderDash
    , contributor
    Comments (22) | Send Message
     
    Note that Obama was going to appoint Larry Summers to the Fed who had already stated he was going to pull back on QE. Then a few Democrat Senators, like Jon Tester, who owes his re-election to George Soros, stated they would torpedo Summers and backed Yellen.

     

    Yellen goes to the Senate Banking Committee yesterday and says she is going to continue QE indefinitely. The same day we learn Soros bought back a ton of GDX.

     

    There are no coincidences in politics and $.
    15 Nov 2013, 11:08 AM Reply Like
  • bfmil
    , contributor
    Comments (211) | Send Message
     
    It's called collusion not coincidence. They're all a bunch of thieves.
    15 Nov 2013, 07:15 PM Reply Like
  • Dr. Ken Kapur
    , contributor
    Comments (174) | Send Message
     
    I am very bullish on Gold Miners. Most of them selling below book value. For traders better one is NUGT for big gains
    15 Nov 2013, 11:10 AM Reply Like
  • 6151621
    , contributor
    Comments (1172) | Send Message
     
    the point of Soros is he trades--so it is with gold and miners now--stuck in a range--good for trading not necessarily good investment, especially NUGT that's short term treading vehicle really--just my two cents
    15 Nov 2013, 11:20 AM Reply Like
  • trin
    , contributor
    Comments (156) | Send Message
     
    The 2 bronze cent coin was the first coin to have 'In God We Trust' in 1865. You got your 2 cents in.
    With bible readers on both sides, North and South, and over 500,000 dead soldiers, we didn't want the world to think the USA was a heathen nation at that time in history. Currently we have the war with Rep. and Dem..
    15 Nov 2013, 02:26 PM Reply Like
  • 6151621
    , contributor
    Comments (1172) | Send Message
     
    Thanks trin that's some interesting trivia in where "2 cents" comes from. I was only thinking zinc / copper plated type of cents which is worth somewhat less than the coin you're referring to...
    17 Nov 2013, 04:20 AM Reply Like
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