05/18/11
SOROS BUYS GOLD SHARES !!
Soros dumps GLD — Smythe, and buys miners. Smart man.
“Soros Sells Most of Gold ETP Holdings During First Quarter
Billionaire investor George Soros sold most of his holdings in the bullion-backed SPDR Gold Trust and iShares Gold Trust (IAU) funds in the first quarter and bought shares of mining companies Goldcorp Inc.(link http://www.goldcorp.com/) and Freeport-McMoRan Copper & Gold Inc. (FCX), a government filing shows.
Soros Fund Management LLC held 49,400 shares of SPDR Gold Trust as of March 31, compared with 4.721 million at the end of the fourth quarter, the filing today with the U.S. Securities and Exchange Commission showed. The New York-based fund sold all 5 million shares it held in iShares Gold Trust. Soros bought 301,300 shares of Freeport-McMoRan and 7,600 shares of Goldcorp.”
http://rss.goldtent.net/?p=239194
