George Soros confused the markets with his gold ETF sales. Now he seems having put a on a far riskier bet. Not only he bought a fair stake in GDX, the main large cap gold mining ETF, Soros also gambles on a swift gold recovery though a considerable long position using call options on the Market Vectors Gold Miner Junior ETF (GDXJ).
Monday, 20 May 2013
Tuesday, 7 May 2013
Volatility in the gold market
It’s often heard that gold takes the staircase up,
but the elevator down. A gold rally would then consist in a gradual process of
relatively small but consistent daily upward moves. The gold cartel (bullion
banks and investment banks, backed by the FED) would not allow gold to rally
over 2% daily.
Once ignited, swoons in precious metals are thought to aggravate by forced liquidation of future long positions and the
redemption of leveraged products and bullion ETF’s...
All of this is a mixture of facts and myths, causes and consequences, hidden motives and secrecy, misinformation, manipulation and opportunism. While I can do very little about most of those, I will try to clarify some of the facts in order to eliminate a few of the myths.
All of this is a mixture of facts and myths, causes and consequences, hidden motives and secrecy, misinformation, manipulation and opportunism. While I can do very little about most of those, I will try to clarify some of the facts in order to eliminate a few of the myths.
Subscribe to:
Posts (Atom)