BY CHRIS LOWE, EDITOR AT LARGE
eee ere
George Soros is betting big on gold.
As Bill reported yesterday, the billionaire speculator cut his
firm’s investments in U.S. stocks by more than one-third.
Soros has also disclosed a new stake in the world’s biggest
gold miner, Barrick Gold (ABX).
Soros Fund Management, his investment vehicle, bought a 1.7% of Barrick.
This makes it Soros’ biggest listed holding.
As today’s chart shows, Barrick has skyrocketed so far in 2016.
The company’s stock is up a jaw-dropping 156% year to date.
Recommended Links
= Read this BEFORE you buy gold or gold stocks
Dr. Steve Sjuggerud Reports: Most investors don’t know this, but there’s a "Magic Number" that appears before EVERY big move in gold and EVERY big move in gold stocks. What is it and is now the time to buy? Details here...
Featured Reads
Gold Price to Soar More Than 650%?
One currencies expert says a “super spike” in gold prices is headed our way. Here, he explains what will cause it and, more importantly, how you can
position yourself to profit.
HOUSE_OVERSIGHT_031140