The mainstream headline says George Soros is selling his GLD position.
http://www.bloomberg.com/news/2013-05-19/gold-bear-bets-reach-record-as-soros-cuts-holdings-commodities.html
Yet, underneath the surface, Soros is also doing this.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/5/20_Gold_%26_Silver_Smash_%26_What_Soros_%26_Major_Players_Are_Doing.html
Is he hedging? Absolutely. But he's betting, along with fellow heavyweights John Paulson and Stevie Cohen, that the gold miners--and by association, gold--will rise soon.
Monday, May 20, 2013
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