June 14, 2013 at 04:00 AM EDT
George Soros Joins Michael Ballanger on the Goldbug Side of the Market
The Gold Report: A news story in mid-May reported that billionaire hedge fund manager George Soros had almost $240 million ($240M) in gold-related positions. Moreover, on May 16 he had purchased $25M in call . . . → Read More: George Soros Joins Michael Ballanger on the Goldbug Side of the Market Similar posts: Five Mining Companies that Meet Jamie Mackie’s Success Criteria The Gold Report: Investing in mining equities is a cyclical... Gold Carpet Treatment Promised for Miners in the Dominican Republic: Alexander Medina The Gold Report: What is the main job of the... Sprott’s Michael Kosowan on Surviving Death by Paper Cut in Today’s Mining Equity Market The Gold Report: Are you mostly involved in mining investments,...

The Gold Report: A news story in mid-May reported that billionaire hedge fund manager George Soros had almost $240 million ($240M) in gold-related positions. Moreover, on May 16 he had purchased $25M in call options on the Market Vectors Junior Gold Miners ETF (GDXJ). What are your thoughts on that move?

Michael Ballanger: All one needs to look at is the historical relationship between gold and gold shares to see the logic behind such a move. With every market on every continent now surging to record high levels in response to central bank stimuli, it would be reasonable to manage risk by owning one … [visit site to read more]

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  1. Five Mining Companies that Meet Jamie Mackie’s Success Criteria The Gold Report: Investing in mining equities is a cyclical...
  2. Gold Carpet Treatment Promised for Miners in the Dominican Republic: Alexander Medina The Gold Report: What is the main job of the...
  3. Sprott’s Michael Kosowan on Surviving Death by Paper Cut in Today’s Mining Equity Market The Gold Report: Are you mostly involved in mining investments,...
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