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Soros betting on gold and against the S&P

May 17, 2016

This ultimate insider not only gets his inside information from his Babylonian agents, but also creates events like wars in the Ukraine for his own nefarious purposes. So it is now being reported that 45 days ago he bought a lot of gold stocks and shorted the S&P stock market.


Is George Soros bracing for a storm?

During the first quarter the legendary investor purchased $264 million worth of shares of Barrick Gold (ABX), the world's largest gold miner. Soros, known as the "man who broke the Bank of England," also acquired 1.1 million options to buy the popular SPDR Gold ETF (GLD), which mirrors the price of gold.

Gold prices tend to move higher when people are afraid. The precious metal is up more than 20% this year.

Soros also doubled his bet against the S&P 500. The billionaire now owns 2.1 million put options on the SPDR S&P 500 ETF (SPY), which closely tracks the performance of the benchmark index. Put options are a way to bet that an investment is going to lose value.

There is no doubt that he knows something that most others do not. It has been getting really difficult to keep a lid on the price of gold. On Monday one of the big banks shorted the gold market by $2.3 billion, and succeeded in driving down the price of gold a few dollars.


In past years this would have tanked the market, but this time it only made a small dent in the price, and now it is again rising, though slowly, taking silver along with it. The day is approaching when those who are “selling” gold and silver that they do not have will be caught “naked” with no way to cover their shorts.

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Category: Financial
Blog Author: Dr. Stephen Jones