Friday, August 15, 2014

George Soros Goes Short the US Stock Market and Buys Gold Stocks

Does George Soros see the same potential collapse in the US stock market that I am warning about in the EPJ Daily Alert?

The most recent 13-filing that George Soros submitted to the SEC showa a  major increase of 605% increase in his short  position against the US stock market via an S&P 500 PUT positio on the SPDR S&P 500 ETF.

At the same time,  Soros nearly doubled his ownership in a U.S. gold mining companies ETF and initiated new stakes in other gold producers.

This is also in line with my analysis in the EPJ Daily Alert, as I expect price inflation to intensify even with a weak stock market.

Soros Fund Management increased his stake in Market Vectors Gold Miners ETF to 2.05 million shares valued at $54 million at the end of the second quarter, compared with 1.16 million shares in the first quarter.

Soros also initiated new gold investments including 1.33 million shares in call options of the Gold Miners ETF valued at $35 million, and 1 million equity shares in Allied Nevada Gold Corp.


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