George Soros sells his gold

[AtW]

Commodities rally as Goldman goes long - Telegraph

I am sure they'll tell whole world when they start selling off their holdings to short it ... NOT.

[DimPrawn]

Commodities rally as Goldman goes long - Telegraph

[AtW]

I might punt another £400K on the next dip, that or scratch cards.

[MarillionFan]

I might punt another £400K on the next dip, that or scratch cards.

Scratch cards!

Now you're making sense.

[DimPrawn]

Urban Dictionary: chinny reckon

I might punt another £400K on the next dip, that or scratch cards.

[MarillionFan]

Gold Recovers From Soros Hangover




I bought another £200K worth on the dip.

Urban Dictionary: chinny reckon

[DimPrawn]

FT.com / Commodities - Euro-priced gold jumps to record high

[DimPrawn]

Gold Recovers From Soros Hangover




I bought another £200K worth on the dip.

[AtW]

The investor, famous for his £5 each way bet against the horse Bank of England in the Grand National in 1992, made his "ultimate bubble" remark in January last year but acted to cut his holding only in the first quarter of this year.

Holding on has proved hugely profitable – in January 2010 gold was trading at about $1,100 an ounce, whereas the lowest price during the first three months of 2011 was more than $1,300. The highest was about $1,450.

It is not known exactly when Mr DimPrawn sold his gold jewellery, which was held in a small pink fluffy box in Mrs DimPrawns bedroom. Filings at Cash for Gold showed Mr DimPrawn had sold almost £25 worth of gold plated items. Initial review says that Cash for Gold had rejected Mr DimPrawns gold coins as they were in fact chocolate and a gold pen contained nothing more than childrens sparkly paint. A gold capped tooth that Mr Dimprawn had collected from the remains of someone scattering ashes in a field when he was on a day out contained £25 worth of gold. Police were informed.

This may have been a smart move. "As the precious metals rally ends, you'll get transition toward related equities," AtW of Birmingham-based M12, told Bloomberg. "You don't see any speculative appetite for gold jewellery at the moment and least Mr Dimprawn has £30 invested on Zopa to fall back on"

[doodab]

I've been appreciating gold for a few years.

[MarillionFan]

DimPrawn Sell his gold

The investor, famous for his £5 each way bet against the horse Bank of England in the Grand National in 1992, made his "ultimate bubble" remark in January last year but acted to cut his holding only in the first quarter of this year.

Holding on has proved hugely profitable – in January 2010 gold was trading at about $1,100 an ounce, whereas the lowest price during the first three months of 2011 was more than $1,300. The highest was about $1,450.

It is not known exactly when Mr DimPrawn sold his gold jewellery, which was held in a small pink fluffy box in Mrs DimPrawns bedroom. Filings at Cash for Gold showed Mr DimPrawn had sold almost £25 worth of gold plated items. Initial review says that Cash for Gold had rejected Mr DimPrawns gold coins as they were in fact chocolate and a gold pen contained nothing more than childrens sparkly paint. A gold capped tooth that Mr Dimprawn had collected from the remains of someone scattering ashes in a field when he was on a day out contained £25 worth of gold. Police were informed.

This may have been a smart move. "As the precious metals rally ends, you'll get transition toward related equities," AtW of Birmingham-based M12, told Bloomberg. "You don't see any speculative appetite for gold jewellery at the moment and least Mr Dimprawn has £30 invested on Zopa to fall back on"

[AtW]

The investor, famous for his £10bn bet against the Bank of England in 1992, made his "ultimate bubble" remark in January last year but acted to cut his holding only in the first quarter of this year.

Holding on has proved hugely profitable – in January 2010 gold was trading at about $1,100 an ounce, whereas the lowest price during the first three months of 2011 was more than $1,300. The highest was about $1,450.

It is not known exactly when Mr Soros sold his gold, which was held via the Soros Fund Management investment vehicle. Filings to the Securities and Exchange Commission (SEC), the American regulator, showed that he had sold 99pc of his holding in SPDR Gold Trust, an exchange-traded fund (ETF) backed by gold bullion, by the end of March.

The New York-based fund sold its entire holding in iShares Gold Trust, a similar investment. But Mr Soros bought shares in two mining companies, Freeport-McMoRan Copper & Gold and Goldcorp.

This may have been a smart move. "As the precious metals rally ends, you'll get transition toward related equities," James Dailey of Pennsylvania-based Team Financial Asset Management, told Bloomberg. "You don't see any speculative appetite for gold stocks yet."

Source: George Soros sells his gold - Telegraph

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DimPrawn - it's your move now...