Soros selling gold is it a good call? No I do not think so, my own opinion it’s not. I think Soros made a bad decision he is taking the same bad decision as Warren Buffet did 1996 when he understood that Internet stocks had no value and he was right he understood early that the Internet stock would not survive. The problem was that the market did not and he sold the Internet stocks to early Warren made a rational analysis that Internet stocks was way overpriced. The problem was that the stock market did not, so he missed a huge gain in Internet stocks that last a couple of years longer.
I guess gold will pass the $2000/oz before we will see the gold market collapse and junior gold mining stock will surge one more time before it’s over.