Investors shorting the yen since November when the Bank of Japan was pressured to debase the currency, have made millions on the move, with currency expert George Soros generating a cool $1 billion from the play.
Other major players generating big gains from the debasing of the yer were David Einhorn's Greenlight Capital, Daniel Loeb's Third Point LLC and Kyle Bass's Hayman Capital Management LP.
Since the announcement in November of retaliation against the U.S. dollar by the Japanese for the ongoing policy of the Federal Reserve of endless quantitative easing, the yen has dropped 20 percent. Expectations are it still has room to fall.
Showing posts with label George Soros. Show all posts
Showing posts with label George Soros. Show all posts
Saturday, February 16, 2013
Thursday, November 4, 2010
George Soros Increases Stake in Platinum Group Metals (AMEX:PLG)
Via his Soros Fund Management, LLC hedge fund, billionaire George Soros increased his stake in Platinum Group Metals (AMEX:PLG) to 9.73 percent of the company, underscoring the confidence platinum demand and prices will continue to rise.
Soros formerly owned about 1.5 million shares, and has raised that by 10 percent to 15,500,000 million shares over last quarter.
The fund is now the largest holder of shares in the company.
Platinum Group closed the trading session Wednesday at $2.10, losing $0.01, or 0.47 percent.
Soros formerly owned about 1.5 million shares, and has raised that by 10 percent to 15,500,000 million shares over last quarter.
The fund is now the largest holder of shares in the company.
Platinum Group closed the trading session Wednesday at $2.10, losing $0.01, or 0.47 percent.
Tuesday, August 17, 2010
Eton Park Buys SPDR Gold Shares (NYSEArca:GLD), Gold Fields (NYSE:GFI) in Last Quarter
Eton Park Capital Management LP, the $13 billion hedge fund run by Eric Mindich, moved a significant amount of capital into the gold market last quarter, acquiring shares of SPDR Gold Shares (NYSEArca:GLD) and Gold Fields Ltd. (NYSE:GFI).
Mindich acquired 6.58 million shares of SPDR and 780,000 shares of Gold Fields in the quarter via Eton Park.
SPDR Gold Shares has been one of the favorites of hedge funds in the past, and continues to be. Other major hedge fund holders of SPDR include John Paulson and George Soros, although both held their positions and didn't add any shares last quarter.
They did add gold miners, including Gold Fields by Paulson and Soros as well.
Major gold miners were targeted by major hedge funds in general, with Barrick Gold (NYSE:ABX), Newmont Mining (NYSE:NEM) and Goldcorp (NYSE:GG) among the largest increase in holding for funds, accounting for the sixth, seventh and eight places in the order listed above.
SPDR Gold Shares landed in second place as far as the greatest increase in investments from hedge funds in the latest quarter, with all of them together holding 68.2 million shares in SPDR.
With data showing a continuing weak global and American economy, we should see an even larger increase for the current quarter of hedge fund holdings in gold.
Mindich acquired 6.58 million shares of SPDR and 780,000 shares of Gold Fields in the quarter via Eton Park.
SPDR Gold Shares has been one of the favorites of hedge funds in the past, and continues to be. Other major hedge fund holders of SPDR include John Paulson and George Soros, although both held their positions and didn't add any shares last quarter.
They did add gold miners, including Gold Fields by Paulson and Soros as well.
Major gold miners were targeted by major hedge funds in general, with Barrick Gold (NYSE:ABX), Newmont Mining (NYSE:NEM) and Goldcorp (NYSE:GG) among the largest increase in holding for funds, accounting for the sixth, seventh and eight places in the order listed above.
SPDR Gold Shares landed in second place as far as the greatest increase in investments from hedge funds in the latest quarter, with all of them together holding 68.2 million shares in SPDR.
With data showing a continuing weak global and American economy, we should see an even larger increase for the current quarter of hedge fund holdings in gold.
Friday, June 11, 2010
Warren Buffett on the Next Financial Crisis
While testifying before the FCIC last week on unrelated matters, Warren Buffett of Berkshire Hathaway (NYSE:BRK-A) fame was asked about where he sees the next financial crisis in the United States coming from, and while it wasn't surprising to me because I've known the risks for some time, it could be enlightening for those who aren't aware of it at this time.
Buffett's response? Municipal bonds.
The problem is the same reasoning behind the current economic crisis and debt load, is the same reason for the upcoming bursting of the muni-bond bubble, and that is the complete and irresponsible spending by politicians who refuse to say no.
Worse than that, it's the usual entitlement spending which the government is locked into which is unsustainable, but again, the politicians refuse overall to stop these types of programs, cut taxes, and encourage the private sector to take care of things.
According to George Soros, he said a couple of months ago, that the best way to invest in relationship to this situation is to go "short on bonds by buying a CDS contract carries." He added it would almost guarantee "unlimited profit potential."
Buffett's response? Municipal bonds.
The problem is the same reasoning behind the current economic crisis and debt load, is the same reason for the upcoming bursting of the muni-bond bubble, and that is the complete and irresponsible spending by politicians who refuse to say no.
Worse than that, it's the usual entitlement spending which the government is locked into which is unsustainable, but again, the politicians refuse overall to stop these types of programs, cut taxes, and encourage the private sector to take care of things.
According to George Soros, he said a couple of months ago, that the best way to invest in relationship to this situation is to go "short on bonds by buying a CDS contract carries." He added it would almost guarantee "unlimited profit potential."
Monday, May 17, 2010
Exxon Mobil (NYSE:XOM), Petroleo Brasileiro SA (NYSE:PBR) Stakes Raised by Soros Fund Management
George Soros juggled up his Soros Fund Management holdings, adding strongly in the energy and oil sector, including Exxon Mobil (NYSE:XOM), Petroleo Brasileiro SA (NYSE:PBR) and Suncor Energy (NYSE:SU), while cutting back on exposure to the financials like Citigroup (NYSE:C) and The Bank of New York Mellon Corporation (NYSE:BK).
The Bank of New York Mellon Corporation and Altria Group (NYSE: MO) he liquidated positions in altogether.
Somewhat surprising and probably regretfully in hindsight, he cut back his position in SPDR Gold Trust (NYSE:GLD).
Soros mentioned earlier in the year that gold was a bubble ready to burst, but he misread the situation, and he continues to misread it, as gold continues on its upward climb.
This isn't to say there won't be corrections in the gold market, but the bubble situation isn't close to appearing yet, as it will take clueless people entering the gold market who don't understand the underlying fundamentals to create a gold bubble.
With all the money floating out there, printed by central banks around the world, there is little to keep gold from continuing to go up in price, as well as well as to protect their assets in the ongoing economic hardships we're going to face, as Europe continues to crumble and China is almost sure to cut back on exports because of its battle against inflation through increasing interest rates and clamping down on excesses in its property market.
The stake in Exxon Mobil by Soros Fund Management was increased by 80 percent, while the stake in Petroleo Brasileiro SA (NYSE:PBR) had 18 percent added to it.
Their position in SPDR Gold Trust was cut by 9.6 percent.
The Bank of New York Mellon Corporation and Altria Group (NYSE: MO) he liquidated positions in altogether.
Somewhat surprising and probably regretfully in hindsight, he cut back his position in SPDR Gold Trust (NYSE:GLD).
Soros mentioned earlier in the year that gold was a bubble ready to burst, but he misread the situation, and he continues to misread it, as gold continues on its upward climb.
This isn't to say there won't be corrections in the gold market, but the bubble situation isn't close to appearing yet, as it will take clueless people entering the gold market who don't understand the underlying fundamentals to create a gold bubble.
With all the money floating out there, printed by central banks around the world, there is little to keep gold from continuing to go up in price, as well as well as to protect their assets in the ongoing economic hardships we're going to face, as Europe continues to crumble and China is almost sure to cut back on exports because of its battle against inflation through increasing interest rates and clamping down on excesses in its property market.
The stake in Exxon Mobil by Soros Fund Management was increased by 80 percent, while the stake in Petroleo Brasileiro SA (NYSE:PBR) had 18 percent added to it.
Their position in SPDR Gold Trust was cut by 9.6 percent.
Tuesday, April 20, 2010
George Soros' Gold Bubble Stupidity
Earlier in the year George Soros made the ridiculous comment that gold was in a bubble, but not only that, it was "the ultimate bubble," said Soros.
Of course he's been proven to be completely wrong, as the fading former investing star obviously was playing investors in an attempt to influence gold on his behalf, as he had invested millions in gold companies not too long before he made the statement.
It's quite possible he had shorted the position and was hoping investors would flee gold and prices would plunge. He could make a ton of money that way, or he may have been trying to get people to sell their positions in gold mining companies and then buy up a bunch of shares at depressed prices.
Either way, it didn't work, and gold continues to have support, and there's little in the near future that will change that, and in the long term it seems that will be the case as well.
Of course when interest rates are ultimately raised, we'll see at that time how far gold has decoupled from the U.S. dollar and if it's standing on its own in a way it hasn't for a long time.
There are so many variables at this time, it's impossible to see very clearly, even in the short term, and with the U.S. government, and other governments around the world, interfering and influencing markets in major ways, it's hard to tell what they may do to upset things, as it's usually something stupid with the normal unintended consequences.
Even if there is a major gold correction, I don't think we'll be seeing it fall far below $1,000 an ounce any time soon, and even if it does, the economic climate we live in and the inevitable economic challenges we're going to continue to face in the near future, gold will remain one of the few safe places people will run to, and that isn't even bringing inflation into the picture, which is happening in a number of sectors already, such as iron ore and copper prices.
Of course he's been proven to be completely wrong, as the fading former investing star obviously was playing investors in an attempt to influence gold on his behalf, as he had invested millions in gold companies not too long before he made the statement.
It's quite possible he had shorted the position and was hoping investors would flee gold and prices would plunge. He could make a ton of money that way, or he may have been trying to get people to sell their positions in gold mining companies and then buy up a bunch of shares at depressed prices.
Either way, it didn't work, and gold continues to have support, and there's little in the near future that will change that, and in the long term it seems that will be the case as well.
Of course when interest rates are ultimately raised, we'll see at that time how far gold has decoupled from the U.S. dollar and if it's standing on its own in a way it hasn't for a long time.
There are so many variables at this time, it's impossible to see very clearly, even in the short term, and with the U.S. government, and other governments around the world, interfering and influencing markets in major ways, it's hard to tell what they may do to upset things, as it's usually something stupid with the normal unintended consequences.
Even if there is a major gold correction, I don't think we'll be seeing it fall far below $1,000 an ounce any time soon, and even if it does, the economic climate we live in and the inevitable economic challenges we're going to continue to face in the near future, gold will remain one of the few safe places people will run to, and that isn't even bringing inflation into the picture, which is happening in a number of sectors already, such as iron ore and copper prices.
Tuesday, April 6, 2010
George Soros Will Tarnish Oxford
George Soros has always been out for only George Soros, and his latest debacle, aided by Oxford University, is to create a new economics institute a the University to create an even more socialist economic worldview.
What's hilarious about this is Soros actually has said he wants to move the economics of Oxford away from being supporters of the free market and deregulation, to one controlled even more by the government.
Think of that! Oxford is a supporter of the free market? In what twilight zone does Soros live in?
Even more dishonest is the attempt by Soros to imply that the free markets had anything to do with the economic collapse, it was the central banks and over-regulation of the markets which brought it down, not a free market, which in all honesty hasn't existed for some time, but needs to be released and let go to do its extraordinary job.
Soros is of course a radical, socialist, liberal, who hates almost everything about the free market, and will delight to influence the upcoming academics to gravitate even more away from the dwindling parts of the free market that still survive.
Why do people like Warren Buffett and George Soros want government intervention? Their both proponents of monopolies, as they create that mote that Buffett always talks about, along with more predictability, which for an investor like Buffett, is his bread and butter.
For Soros, there are also financial benefits, but his overall thrust is his hatred of the values of mid-America, and other people like that around the world, and he wants to crush that through any means he can, and uses his vast fortune to perpetuate his agenda.
There can be no doubt Oxford is allowing this to happen because they're short of cash, as most universities are at this time. Too bad they're selling their soul to someone like Soros. It would be better to cut programs and other areas than to allow the fox into the henhouse. Now it seems Oxford has, and they're the worst for it.
What's hilarious about this is Soros actually has said he wants to move the economics of Oxford away from being supporters of the free market and deregulation, to one controlled even more by the government.
Think of that! Oxford is a supporter of the free market? In what twilight zone does Soros live in?
Even more dishonest is the attempt by Soros to imply that the free markets had anything to do with the economic collapse, it was the central banks and over-regulation of the markets which brought it down, not a free market, which in all honesty hasn't existed for some time, but needs to be released and let go to do its extraordinary job.
Soros is of course a radical, socialist, liberal, who hates almost everything about the free market, and will delight to influence the upcoming academics to gravitate even more away from the dwindling parts of the free market that still survive.
Why do people like Warren Buffett and George Soros want government intervention? Their both proponents of monopolies, as they create that mote that Buffett always talks about, along with more predictability, which for an investor like Buffett, is his bread and butter.
For Soros, there are also financial benefits, but his overall thrust is his hatred of the values of mid-America, and other people like that around the world, and he wants to crush that through any means he can, and uses his vast fortune to perpetuate his agenda.
There can be no doubt Oxford is allowing this to happen because they're short of cash, as most universities are at this time. Too bad they're selling their soul to someone like Soros. It would be better to cut programs and other areas than to allow the fox into the henhouse. Now it seems Oxford has, and they're the worst for it.
Saturday, March 13, 2010
Jim Rogers, Soros, Gold Bulls
Jim Rogers and George Soros Remain Gold Bulls
Jim Rogers, George Soros, and others promoting gold as a solid investment for the years ahead, have come under attack recently from some who say he is only pushing the issue to drive up the price of gold so he can exit his gold holdings with a big profit.
But I think Rogers invested in gold a long time ago, and he has many entry points where he could exit gold now and probably would be close to doubling his money in many cases.
More disturbing to me is the somewhat toothless attack from some guy named Charles Kevin, an analyst in Beijing who claims Rogers isn't basing anything he says on the underlying fundamentals. But that's just plain igorant, and possibly untrue, depending of the integrity of the guy. He may just be a terrible researcher or hasn't taken much time to listen to what Rogers has said; especially about gold.
How many times has Rogers stated that the continual printing of money, the stimulus programs, inflation, and the economic weakness all contribute to the price of gold. If those aren't fundamentals what is Kevin talking about? Only a worshipper of Keynes could assert these weren't fundamentals in relationship to gold. If these aren't fundamentals, then what are? Does this guy think the jewelry business in India is a fundamental driver of gold? As if supply and demand in that very limited market has anything to do with the price of gold in times like these.
Now Soros has said he thinks gold is in a bubble, but then he continues to buy gold in huge amounts while making those statements. That wouldn't make sense if he didn't believe gold was going to go up in price, although you can of course make money on gold whether it goes up or down.
But even gold companies have been dropping their hedge positions, noting they feel even in conditions where gold prices could receive some downward pressure it has support under it, and it's not going to collapse any time soon from market pressures.
Jim Rogers and George Soros Remain Gold Bulls
Jim Rogers, George Soros, and others promoting gold as a solid investment for the years ahead, have come under attack recently from some who say he is only pushing the issue to drive up the price of gold so he can exit his gold holdings with a big profit.
But I think Rogers invested in gold a long time ago, and he has many entry points where he could exit gold now and probably would be close to doubling his money in many cases.
More disturbing to me is the somewhat toothless attack from some guy named Charles Kevin, an analyst in Beijing who claims Rogers isn't basing anything he says on the underlying fundamentals. But that's just plain igorant, and possibly untrue, depending of the integrity of the guy. He may just be a terrible researcher or hasn't taken much time to listen to what Rogers has said; especially about gold.
How many times has Rogers stated that the continual printing of money, the stimulus programs, inflation, and the economic weakness all contribute to the price of gold. If those aren't fundamentals what is Kevin talking about? Only a worshipper of Keynes could assert these weren't fundamentals in relationship to gold. If these aren't fundamentals, then what are? Does this guy think the jewelry business in India is a fundamental driver of gold? As if supply and demand in that very limited market has anything to do with the price of gold in times like these.
Now Soros has said he thinks gold is in a bubble, but then he continues to buy gold in huge amounts while making those statements. That wouldn't make sense if he didn't believe gold was going to go up in price, although you can of course make money on gold whether it goes up or down.
But even gold companies have been dropping their hedge positions, noting they feel even in conditions where gold prices could receive some downward pressure it has support under it, and it's not going to collapse any time soon from market pressures.
Jim Rogers and George Soros Remain Gold Bulls
Thursday, March 11, 2010
George Soros and British Pound
British Pound Plunging
The ongoing plunge in value of the British pound brings to mind the millions earned by George Soros when he bet against it in September 1992.
Concerns over the rate of the fall in value of the pound has some concerned over how that will impact the value of stocks, commodoties and trade around the world.
The pound has been in even worse shape than the euro over the last month and a half or so, and it remains to be seen how it could effect the global scene.
It makes you wonder if old George Soros is back in the picture, or at least someone like him.
British Pound Plunging
The ongoing plunge in value of the British pound brings to mind the millions earned by George Soros when he bet against it in September 1992.
Concerns over the rate of the fall in value of the pound has some concerned over how that will impact the value of stocks, commodoties and trade around the world.
The pound has been in even worse shape than the euro over the last month and a half or so, and it remains to be seen how it could effect the global scene.
It makes you wonder if old George Soros is back in the picture, or at least someone like him.
British Pound Plunging
Friday, March 5, 2010
George Soros' Group Under Fire
George Soros and Center for American Progress
The Center for American Progress, a group funded and founded by billionaire George Soros, along with officials at Energy Efficiency and Renewable Energy, for possibly coordinating "policy strategy" together.
All of this stems from an extraorinary negative response by the Department of Energy and their private coherts who attacked a solid study which revealed so-called green jobs programs actually cause the loss of jobs because the government jobs produced from these misguided programs inefficient and it takes money away from private enterprise programs which in fact create far more sustainable jobs.
Several unconnected studies form Spain, Germany and Denmark made the same conclusions, which is the reason why groups like the Center for American Progress and George Soros attempt to crush the growing opposition which base their conclusions on facts and not the rhetoric, innuendo and assertions the green groups make in order to fill their coffers with money from taxpayers, which do little to make a good and lasting impact.
Representative James Sensenbrenner is investigating the matter, grilling Catherine Zoi, the assistant secretary for Energy Efficiency and Renewable Energy, how often NREL and EERE "coordinate policy strategy with special interest groups."
“Please provide all documentation of contact with CAP, AWEA, and UCS to the Select Committee,” ordered Sensenbrenner.
George Soros and Center for American Progress
The Center for American Progress, a group funded and founded by billionaire George Soros, along with officials at Energy Efficiency and Renewable Energy, for possibly coordinating "policy strategy" together.
All of this stems from an extraorinary negative response by the Department of Energy and their private coherts who attacked a solid study which revealed so-called green jobs programs actually cause the loss of jobs because the government jobs produced from these misguided programs inefficient and it takes money away from private enterprise programs which in fact create far more sustainable jobs.
Several unconnected studies form Spain, Germany and Denmark made the same conclusions, which is the reason why groups like the Center for American Progress and George Soros attempt to crush the growing opposition which base their conclusions on facts and not the rhetoric, innuendo and assertions the green groups make in order to fill their coffers with money from taxpayers, which do little to make a good and lasting impact.
Representative James Sensenbrenner is investigating the matter, grilling Catherine Zoi, the assistant secretary for Energy Efficiency and Renewable Energy, how often NREL and EERE "coordinate policy strategy with special interest groups."
“Please provide all documentation of contact with CAP, AWEA, and UCS to the Select Committee,” ordered Sensenbrenner.
George Soros and Center for American Progress
Thursday, March 4, 2010
Soros Drops Potash (NYSE:POT) Adds Monsanto (NYSE: MON)
George Soros Potash and Monsanto
The Soros Fund Management hedge fund made a number of interesting moves according to its most recent filing, among those are the elimination of Potash (NYSE:POT) from the portfolio altogether, while adding Monsanta (NYSE:MON) in a major way.
That's interesting in that Monsanto has been struggling in a number of its products which haven't been adapted as readily as they would have liked, and depending on the reason why, could be a potential long-term drag on the company.
Potash is of course pretty straight forward, and I would think over the long term should be highly successful.
Either way, this is what Soros did with this couple of companies in the agricultural sector. Maybe he knows or sees something short term we don't know about.
George Soros Potash and Monsanto
The Soros Fund Management hedge fund made a number of interesting moves according to its most recent filing, among those are the elimination of Potash (NYSE:POT) from the portfolio altogether, while adding Monsanta (NYSE:MON) in a major way.
That's interesting in that Monsanto has been struggling in a number of its products which haven't been adapted as readily as they would have liked, and depending on the reason why, could be a potential long-term drag on the company.
Potash is of course pretty straight forward, and I would think over the long term should be highly successful.
Either way, this is what Soros did with this couple of companies in the agricultural sector. Maybe he knows or sees something short term we don't know about.
George Soros Potash and Monsanto
Tuesday, March 2, 2010
George Soros: Euro May Collapse
George Soros Euro Collapse
Although George Soros speaks out of both sides of his mouth, as evidenced by his remarks that gold is in a bubble while he had recently invested millions into the metal, he still is interesting to listen to, as you know whether he's speaking the truth or not, that he is interested in what he's talking about, and that's the case with his recent comments that the euro may not survive and be in danger of a total collapse.
One thing you can be sure of from the comments of Soros is he has a stake in the euro, or he wouldn't be talking about it.
Soros says the euro may not survive just from the sovereign risk threat from Greece, although many think the PIIGS overall are much more of a risk than if Greece itself only collapsed. The pigs are Portugal, Ireland, Italy, Greece and Spain.
Many think the euro could survive a collapse of Greece, but a collapse of some of the other countries at the same time, or near the same time, would probably be the end of the European union and the euro.
Soros obviously is attempting to influence the markets to his investment advantage; not the first time he's tried and succeeded at doing it.
George Soros Euro Collapse
Although George Soros speaks out of both sides of his mouth, as evidenced by his remarks that gold is in a bubble while he had recently invested millions into the metal, he still is interesting to listen to, as you know whether he's speaking the truth or not, that he is interested in what he's talking about, and that's the case with his recent comments that the euro may not survive and be in danger of a total collapse.
One thing you can be sure of from the comments of Soros is he has a stake in the euro, or he wouldn't be talking about it.
Soros says the euro may not survive just from the sovereign risk threat from Greece, although many think the PIIGS overall are much more of a risk than if Greece itself only collapsed. The pigs are Portugal, Ireland, Italy, Greece and Spain.
Many think the euro could survive a collapse of Greece, but a collapse of some of the other countries at the same time, or near the same time, would probably be the end of the European union and the euro.
Soros obviously is attempting to influence the markets to his investment advantage; not the first time he's tried and succeeded at doing it.
George Soros Euro Collapse
Friday, February 26, 2010
George Soros Betting Against Euro
George Soros and Euro
George Soros is swooping in like a vulture on a carcass with the euro, as the currency expert who has made the vast majority of his fortune betting on currencies, is looking to make another killing by betting against the euro.
Via his Soros Fund Management company, Soros is putting a huge amount of resources to generate what will eventually be an extraordinary sum of money made from the euro crisis stemming from the PIIGS in southern Europe: Portugal, Ireland, Italy, Greece and Spain.
Soros isn't alone though in his hedge fund focus, as others are salivating to get into what looks like one of the surest bets around to make a once-in-a-lifetime deal on.
George Soros and Euro
George Soros is swooping in like a vulture on a carcass with the euro, as the currency expert who has made the vast majority of his fortune betting on currencies, is looking to make another killing by betting against the euro.
Via his Soros Fund Management company, Soros is putting a huge amount of resources to generate what will eventually be an extraordinary sum of money made from the euro crisis stemming from the PIIGS in southern Europe: Portugal, Ireland, Italy, Greece and Spain.
Soros isn't alone though in his hedge fund focus, as others are salivating to get into what looks like one of the surest bets around to make a once-in-a-lifetime deal on.
George Soros and Euro
Thursday, February 25, 2010
Why George Soros, Jim Rogers and John Paulson are Buying Gold
So why are George Soros, Jim Rogers and John Paulson buying gold?
These guys are experts in currencies, possibly more than any other investment vehicle, and the acquisition of gold means they believe gold will rise against the majority of currencies in the world, based on the extraordinary amount of stimulus money printed and thrown around by central banks around the globe.
While there are obvious other factors like the inevitable inflation and ongoing risk factors which continue to rise rather than abate, as witnessed by the Dubai debacle and sovereign wealth crisis in Europe.
The only question someone needs to ask themselves is if the currency they trade in will be worth more than gold in the foreseeable future. If not, guess which one wins out for the best investment choice?
Even if you don't understand all the particulars, when you see heavyweights like George Soros, Jim Rogers and John Paulson acquiring, increasing their positions and holding on to gold, you know they see something important, and part of what they see is mentioned above.
George Soros, Jim Rogers and John Paulson buying gold
These guys are experts in currencies, possibly more than any other investment vehicle, and the acquisition of gold means they believe gold will rise against the majority of currencies in the world, based on the extraordinary amount of stimulus money printed and thrown around by central banks around the globe.
While there are obvious other factors like the inevitable inflation and ongoing risk factors which continue to rise rather than abate, as witnessed by the Dubai debacle and sovereign wealth crisis in Europe.
The only question someone needs to ask themselves is if the currency they trade in will be worth more than gold in the foreseeable future. If not, guess which one wins out for the best investment choice?
Even if you don't understand all the particulars, when you see heavyweights like George Soros, Jim Rogers and John Paulson acquiring, increasing their positions and holding on to gold, you know they see something important, and part of what they see is mentioned above.
George Soros, Jim Rogers and John Paulson buying gold
Monday, February 22, 2010
George Soros' Gold Contradictions
George Soros and Gold
Why is it that George Soros has said recently gold was "the ultimate asset bubble," and then not long before pour a ton of his money into it?
It think it's a little game Soros is playing in an attempt to throw investors off his trail, throwing out some confusion to keep them from putting some skin in the game.
There isn't a gold bubble right now, and historically a bubble of any sort is when the everyday person is throwing their money at something for the sole reason that everyone else is doing it. Until we see the average person on the street investing in gold, it won't be in a bubble.
This of course doesn't mean there won't be any corrections, just that a bubble is something that is going to burst, and until conditions change drastically, gold will be as solid as a performer as any other investment sector.
It's obvious George Soros is playing a little game by saying one thing while doing another, and he has to do that because of the requirements to report what he is investing because of rules related to companies with over $100 million in available to invest.
George Soros and Gold
Why is it that George Soros has said recently gold was "the ultimate asset bubble," and then not long before pour a ton of his money into it?
It think it's a little game Soros is playing in an attempt to throw investors off his trail, throwing out some confusion to keep them from putting some skin in the game.
There isn't a gold bubble right now, and historically a bubble of any sort is when the everyday person is throwing their money at something for the sole reason that everyone else is doing it. Until we see the average person on the street investing in gold, it won't be in a bubble.
This of course doesn't mean there won't be any corrections, just that a bubble is something that is going to burst, and until conditions change drastically, gold will be as solid as a performer as any other investment sector.
It's obvious George Soros is playing a little game by saying one thing while doing another, and he has to do that because of the requirements to report what he is investing because of rules related to companies with over $100 million in available to invest.
George Soros and Gold
Thursday, February 18, 2010
Soros, Paulson Large Gold Stakes
George Soros and John Paulson like gold
George Soros and John Paulson revealed in their required 13-F filings that they held significant gold investments in their funds, led by the SPDR Gold Trust (NYSEArca: GLD).
The commitment by Soros Fund Management reveals Soros believes gold will continue to climb in price, as it increased its holdings by 152 percent in SPDR Gold Trust, which brings its total to $663 million. That's the largest holding of the entire fund.
For Paulson & Co., they have a $3.38 billion stake in SPDR, which is over 11 percent of the value of the fund. Paulson has invested a quarter of billion of his own money in the hedge fund.
George Soros and John Paulson like gold
George Soros and John Paulson revealed in their required 13-F filings that they held significant gold investments in their funds, led by the SPDR Gold Trust (NYSEArca: GLD).
The commitment by Soros Fund Management reveals Soros believes gold will continue to climb in price, as it increased its holdings by 152 percent in SPDR Gold Trust, which brings its total to $663 million. That's the largest holding of the entire fund.
For Paulson & Co., they have a $3.38 billion stake in SPDR, which is over 11 percent of the value of the fund. Paulson has invested a quarter of billion of his own money in the hedge fund.
George Soros and John Paulson like gold
Monday, February 8, 2010
George Soros' Possible Adecoagro IPO
George Soros Adecoagro IPO
Adecoagro is a venture capital company formed in 2002 by a group of investors including billionaire George Soros. The company invests in assets like renewable energy and agriculture in Latin America.
If the time seems right, rather than just raising capital from its private shareholders, the company is thinking of going the initial public offering (IPO) route as the means to raise more capital.
With sugar and ethanol continuing to be an important and profitable part of Brazil, the company has a strong reason and base product to make it an attractive IPO candidate.
The company already has plans in place to increase its sugar-cane crushing to 11 million metric tons in 2016, a major increase from the current 4.8 million they are crushing now. Another strategy is to build a huge can processor in Mato Grosso do Sul sometime in 2010. The acquisition of a sugar mill in Brazil is another possibility during the year.
At this time Adecoagro either leases or owns close to 840,000 acres of farmland in Brazil, Argentina and Uruguay. They grow a number of agricultural products, including soybeans, rice and coffee on the acreage, while also producing a variety of dairy products too.
With land in Brazil skyrocketing because of increasing commodity prices and the value of the local currency, Adecoagro has worked on securing long-term land leasing agreements to lock in prices in order to manage costs.
It's not a surety concerning the IPO, as the company can also raise significant funds with its current base of investors in the company.
George Soros Adecoagro IPO
Adecoagro is a venture capital company formed in 2002 by a group of investors including billionaire George Soros. The company invests in assets like renewable energy and agriculture in Latin America.
If the time seems right, rather than just raising capital from its private shareholders, the company is thinking of going the initial public offering (IPO) route as the means to raise more capital.
With sugar and ethanol continuing to be an important and profitable part of Brazil, the company has a strong reason and base product to make it an attractive IPO candidate.
The company already has plans in place to increase its sugar-cane crushing to 11 million metric tons in 2016, a major increase from the current 4.8 million they are crushing now. Another strategy is to build a huge can processor in Mato Grosso do Sul sometime in 2010. The acquisition of a sugar mill in Brazil is another possibility during the year.
At this time Adecoagro either leases or owns close to 840,000 acres of farmland in Brazil, Argentina and Uruguay. They grow a number of agricultural products, including soybeans, rice and coffee on the acreage, while also producing a variety of dairy products too.
With land in Brazil skyrocketing because of increasing commodity prices and the value of the local currency, Adecoagro has worked on securing long-term land leasing agreements to lock in prices in order to manage costs.
It's not a surety concerning the IPO, as the company can also raise significant funds with its current base of investors in the company.
George Soros Adecoagro IPO
Friday, January 29, 2010
Goldcorp's (TSX:G)(NYSE:GG) Bearish Price Moves
Goldcorp (TSX:G)(NYSE:GG)
Along with some of the other major gold companies, Goldcorp (NYSE:GG) has been participating in the downward plunge in gold prices; not an unexpected event.
Gold futures were the main instigator in pulling shares in Goldcorp down on Thursday, as they moved in response to other market forces as well.
George Soros announced yesterday that he believed gold was in the ultimate bubble position, but I don't think that's the case, as it seems Soros is only basing his assertion on gold rising in price over the last couple of years rather than who was buying it.
Most average investors have no stake in gold in any form, and so until we those investors migrate in a big way toward gold, it's doubtful we'll be in a gold bubble until that time.
We'll obviously have corrections in gold prices based on the endless announcements by Obama to rein in the financial institutions, but that's still largely rhetoric and trial balloons, as there isn't anything detailed yet other than throwing out possible scenarios.
Inflation and safety concerns continue to drive gold prices up, and over the long haul there's nothing in the economic picture which would change that reality any time soon.
Goldcorp (TSX:G)(NYSE:GG)
Along with some of the other major gold companies, Goldcorp (NYSE:GG) has been participating in the downward plunge in gold prices; not an unexpected event.
Gold futures were the main instigator in pulling shares in Goldcorp down on Thursday, as they moved in response to other market forces as well.
George Soros announced yesterday that he believed gold was in the ultimate bubble position, but I don't think that's the case, as it seems Soros is only basing his assertion on gold rising in price over the last couple of years rather than who was buying it.
Most average investors have no stake in gold in any form, and so until we those investors migrate in a big way toward gold, it's doubtful we'll be in a gold bubble until that time.
We'll obviously have corrections in gold prices based on the endless announcements by Obama to rein in the financial institutions, but that's still largely rhetoric and trial balloons, as there isn't anything detailed yet other than throwing out possible scenarios.
Inflation and safety concerns continue to drive gold prices up, and over the long haul there's nothing in the economic picture which would change that reality any time soon.
Goldcorp (TSX:G)(NYSE:GG)
George Soros: Gold "Ultimate Bubble"
Gold "Ultimate Bubble"
Leftist, liberal billionaire George Soros said recently at the World Economic Forum in Davos, Switzerland that the "ultimate asset bubble is gold."
Soros was quoted in The Telegraph as saying, "When interest rates are low we have conditions for asset bubbles to develop, and they are developing at the moment."
While Soros may know currencies, I'm not sure that he's right on this assertion, as the pieces in place at this time lean toward gold maintaining and increasing in price going forward.
Contrary to government assertions and mainstream media parroting those assertions, we aren't in an economic recovery, and probably won't be for several more years; and even then it will probably be a weak recovery.
Although there is a weak and quiet attempt by the Federal Reserve to unwind its debt, that isn't going to happen any time soon, and the central banks around the world are continuing to print money out at unprecedented levels.
And even if there are the rumblings of a real and sustainable recovery, there is sure to be strong inflationary pressures as consequences of printing out all that money as well as growing demand for commodities from emerging economies.
While I have no doubt there will be continuing corrections in gold, and we're probably in the midst of one at the time of this writing, even so, the price of gold will continue to go up for some time to come, and I don't see how the Federal Reserve can get out of the trap it has created for itself, which would have a possible negative impact on gold prices.
The problem with Soros is he thinks just because the price of gold has been sustained for some time and has grown significantly that it reflects a bubble scenario.
As others like Jim Rogers have pointed out though, the reason gold isn't in a bubble is the regular investor on the street hasn't even started investing in it yet, and once that happens, the possibility of a real gold bubble could occur. Until that is, it's not speculation and the same types of forces that caused the real estate bubble which are driving gold prices.
Because of that I believe Soros is completely wrong here and is reading the market incorrectly. Gold price correction? Yes. Gold bubble? Nowhere near it yet.
Gold "Ultimate Bubble"
Leftist, liberal billionaire George Soros said recently at the World Economic Forum in Davos, Switzerland that the "ultimate asset bubble is gold."
Soros was quoted in The Telegraph as saying, "When interest rates are low we have conditions for asset bubbles to develop, and they are developing at the moment."
While Soros may know currencies, I'm not sure that he's right on this assertion, as the pieces in place at this time lean toward gold maintaining and increasing in price going forward.
Contrary to government assertions and mainstream media parroting those assertions, we aren't in an economic recovery, and probably won't be for several more years; and even then it will probably be a weak recovery.
Although there is a weak and quiet attempt by the Federal Reserve to unwind its debt, that isn't going to happen any time soon, and the central banks around the world are continuing to print money out at unprecedented levels.
And even if there are the rumblings of a real and sustainable recovery, there is sure to be strong inflationary pressures as consequences of printing out all that money as well as growing demand for commodities from emerging economies.
While I have no doubt there will be continuing corrections in gold, and we're probably in the midst of one at the time of this writing, even so, the price of gold will continue to go up for some time to come, and I don't see how the Federal Reserve can get out of the trap it has created for itself, which would have a possible negative impact on gold prices.
The problem with Soros is he thinks just because the price of gold has been sustained for some time and has grown significantly that it reflects a bubble scenario.
As others like Jim Rogers have pointed out though, the reason gold isn't in a bubble is the regular investor on the street hasn't even started investing in it yet, and once that happens, the possibility of a real gold bubble could occur. Until that is, it's not speculation and the same types of forces that caused the real estate bubble which are driving gold prices.
Because of that I believe Soros is completely wrong here and is reading the market incorrectly. Gold price correction? Yes. Gold bubble? Nowhere near it yet.
Gold "Ultimate Bubble"
Monday, February 2, 2009
Commodities: New Jim Rogers Fund China
Jim Rogers has combined two of his favorite investment sectors in a new commodities index fund involving China and agriculture. He has teamed up with Australia's Macquarie Funds group to form the new Macquarie and Rogers China Agriculture Index.
With some commodities showing signs they're getting hot again, and food eventually being a major factor in providing for the masses, the new commodity index fund should be a great short and long term vehicle for investors looking to put their money in China and agriculture.
Well run commodities funds will do great in the years ahead, and the bull commodity market isn't near to coming to an end, even though the global economy has been sliding.
As an alternative investment, hedge funds related to commodities will outperform most investment vehicles on the financial market, and partnering with Macquarie Funds Group to provide a new hedge fund targeting China and its food market will be a winner.
Those wanting to put their money into commodity investing will find that the Macquarie and Rogers China Agriculture Index will represent agricultural commodities consumers in China primarily eat, and will track the basket of agricultural commodities through their index fund by focusing on food price changes.
The commodities fund was started in November, and gave a return of over 11 percent in December, doing better than most agricultural indices, and doing better than almost every stock market in that part of the world.
With that immediate success, the commodities fund was doing well enough to start to be heavily marketed by the Macquarie Group, the parent of the Macquarie Funds commodity index.
The food consumption habits of the Chinese people will probably be a bellwhether for food prices going forward, and so a index fund connected to Jim Rogers will do well in tracking the price fluctuations of food in the heavily populated country. It should rank among one of the top hedge funds going forward.
What will make the Macquarie and Rogers China Agriculture Index such a good place to invest in the hot commodities market is the way it tracks the components involved.
Most the current commodity index funds will use production or supply side factors as the key measurement which guides the performance of the top commodity hedge funds.
What's unique with the Macquarie and Rogers China Agriculture Index is it measures components by projected and current consumption of agricultural products in China.
Another benefit to those marketing and managing financial products to invest in, is the ability to create innovative products linked to the overall focus of the commodity index fund. How that happens is the exchange-traded futures contracts or commodity ETF future contracts it uses on physical commodities.
For Jim Rogers, this is a good opportunity to be involved with what he passionately believes is the key way to invest now and in the long term future. In the past Jim Rogers has worked with other groups lik Macquarie, but never in relationship to the Chinese market. In that sense, connecting to a hot commodity market like China with a agricultural raw materials fund will be a great way to profit for those interested in investing in a commodity or commodity index fund or ETF.
Jim Rogers recently said that the bull market that can be counted up over the next five to ten years is in agriculture, and of course that means China will be a major player in any commodity investment in connection to food, raw materials or agriculture. Rogers continues to be bullish on those two areas: China and commodities; especially agriculture.
He said one thing everyone can count on, no matter what happens in other sectors, is people will continue to eat, making agriculture a key part of any commodity investment portfolio.
While gold and silver have been looked upon as significant commodity investments for this year, we'll have to keep an eye on commodity hedge funds and commodity etfs that target agriculture. With agriculture prices plummeting in 2008, they will eventually turn around, and investing in a commodity index fund like Macquarie and Rogers China Agriculture Index should provide a good return when those prices start to go back up again.
Growth in agricultural demand will be interanational, and Asia and China is by far the fastest growing region economically and by population.
So those investing in agricultural commodities will enjoy solid profits for years ahead as massive demand for food continues, while over the short term valuations make the agriculture sector attractive. It's only a matter of when raw material funds start surging upward again, not if.
For December 2008, commodity funds were hot in contrast to the stock markets, and did much better than their counterparts. That will continue overall in 2009, as demand for grain and food continues to surge.
Much of the strategy for the new commodity index fund of tracking consumption patterns in China should make investing in hot commodities like agriculture beneficial to investors. Consumption patters are believed to be the key by the index fund, and tying in to the eating habits of the Chinese people should help it perform differently and better than their competitors; at least that's the hope, and it has a good chance of doing just that.
Consumption habits of the Chinese should be the key influence in connection to food prices around the world, and so the Macquarie and Rogers China Agriculture Index is made to move with that expected reality.
This should be a winner for Jim Rogers and Macquarie Funds, as their commodity index fund competitors are big players such as Citigroup's Japan's Nikko Asset Management unit, JPMorgan Chase & Co.’s (JPM) JF Asset Management division, ING Groep NV (ADR:ING), and Schroders PLC. This gives commodity index investors a real option and the ability to invest in commodities in a way that differentiates from the usual way of commodity funds tracking mechanism.
Jim Rogers of course has been a big player in the markets for years, primarily being discovered for his connection to The Quantum Fund and George Soros. He's also inked several books including the popular "Investment Biker" and his recently released "Bull in China."
If this new commodity index fund performs even close to the hot Quantum Fund, it'll be a huge success for Rogers again, as well as investors. Over a ten-year period the fund exploded for gains of around 4,200 percent, while the Standard & Poor’s 500 Index performed at a paltry, approximate 50 percent.
While food prices fell in the last half of 2008, that's probably going to change when the economy turns around and people start to spend again. When that happens, commodity index funds and commodity etfs will be major players in the success of investors for a long time to come.
This new fund in relationship to Jim Rogers will play a significant role for those investing in commodities and the hot commodities hedge fund sector.
With some commodities showing signs they're getting hot again, and food eventually being a major factor in providing for the masses, the new commodity index fund should be a great short and long term vehicle for investors looking to put their money in China and agriculture.
Well run commodities funds will do great in the years ahead, and the bull commodity market isn't near to coming to an end, even though the global economy has been sliding.
As an alternative investment, hedge funds related to commodities will outperform most investment vehicles on the financial market, and partnering with Macquarie Funds Group to provide a new hedge fund targeting China and its food market will be a winner.
Those wanting to put their money into commodity investing will find that the Macquarie and Rogers China Agriculture Index will represent agricultural commodities consumers in China primarily eat, and will track the basket of agricultural commodities through their index fund by focusing on food price changes.
The commodities fund was started in November, and gave a return of over 11 percent in December, doing better than most agricultural indices, and doing better than almost every stock market in that part of the world.
With that immediate success, the commodities fund was doing well enough to start to be heavily marketed by the Macquarie Group, the parent of the Macquarie Funds commodity index.
The food consumption habits of the Chinese people will probably be a bellwhether for food prices going forward, and so a index fund connected to Jim Rogers will do well in tracking the price fluctuations of food in the heavily populated country. It should rank among one of the top hedge funds going forward.
What will make the Macquarie and Rogers China Agriculture Index such a good place to invest in the hot commodities market is the way it tracks the components involved.
Most the current commodity index funds will use production or supply side factors as the key measurement which guides the performance of the top commodity hedge funds.
What's unique with the Macquarie and Rogers China Agriculture Index is it measures components by projected and current consumption of agricultural products in China.
Another benefit to those marketing and managing financial products to invest in, is the ability to create innovative products linked to the overall focus of the commodity index fund. How that happens is the exchange-traded futures contracts or commodity ETF future contracts it uses on physical commodities.
For Jim Rogers, this is a good opportunity to be involved with what he passionately believes is the key way to invest now and in the long term future. In the past Jim Rogers has worked with other groups lik Macquarie, but never in relationship to the Chinese market. In that sense, connecting to a hot commodity market like China with a agricultural raw materials fund will be a great way to profit for those interested in investing in a commodity or commodity index fund or ETF.
Jim Rogers recently said that the bull market that can be counted up over the next five to ten years is in agriculture, and of course that means China will be a major player in any commodity investment in connection to food, raw materials or agriculture. Rogers continues to be bullish on those two areas: China and commodities; especially agriculture.
He said one thing everyone can count on, no matter what happens in other sectors, is people will continue to eat, making agriculture a key part of any commodity investment portfolio.
While gold and silver have been looked upon as significant commodity investments for this year, we'll have to keep an eye on commodity hedge funds and commodity etfs that target agriculture. With agriculture prices plummeting in 2008, they will eventually turn around, and investing in a commodity index fund like Macquarie and Rogers China Agriculture Index should provide a good return when those prices start to go back up again.
Growth in agricultural demand will be interanational, and Asia and China is by far the fastest growing region economically and by population.
So those investing in agricultural commodities will enjoy solid profits for years ahead as massive demand for food continues, while over the short term valuations make the agriculture sector attractive. It's only a matter of when raw material funds start surging upward again, not if.
For December 2008, commodity funds were hot in contrast to the stock markets, and did much better than their counterparts. That will continue overall in 2009, as demand for grain and food continues to surge.
Much of the strategy for the new commodity index fund of tracking consumption patterns in China should make investing in hot commodities like agriculture beneficial to investors. Consumption patters are believed to be the key by the index fund, and tying in to the eating habits of the Chinese people should help it perform differently and better than their competitors; at least that's the hope, and it has a good chance of doing just that.
Consumption habits of the Chinese should be the key influence in connection to food prices around the world, and so the Macquarie and Rogers China Agriculture Index is made to move with that expected reality.
This should be a winner for Jim Rogers and Macquarie Funds, as their commodity index fund competitors are big players such as Citigroup's Japan's Nikko Asset Management unit, JPMorgan Chase & Co.’s (JPM) JF Asset Management division, ING Groep NV (ADR:ING), and Schroders PLC. This gives commodity index investors a real option and the ability to invest in commodities in a way that differentiates from the usual way of commodity funds tracking mechanism.
Jim Rogers of course has been a big player in the markets for years, primarily being discovered for his connection to The Quantum Fund and George Soros. He's also inked several books including the popular "Investment Biker" and his recently released "Bull in China."
If this new commodity index fund performs even close to the hot Quantum Fund, it'll be a huge success for Rogers again, as well as investors. Over a ten-year period the fund exploded for gains of around 4,200 percent, while the Standard & Poor’s 500 Index performed at a paltry, approximate 50 percent.
While food prices fell in the last half of 2008, that's probably going to change when the economy turns around and people start to spend again. When that happens, commodity index funds and commodity etfs will be major players in the success of investors for a long time to come.
This new fund in relationship to Jim Rogers will play a significant role for those investing in commodities and the hot commodities hedge fund sector.
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