Friday, August 17, 2012

Report: Soros Unloads All Investments in Major Financial Stocks; Invests Over $130 Million In Gold


In a harbinger of what may be coming our way in the Fall of 2012, billionaire financier George Soros has sold all of his equity positions in major financial stocks according to a 13-F report filed with the SEC for the quarter ending June 30, 2012.

Soros, who manages funds through various accounts in the US and the Cayman Islands, has reportedly unloaded over one million shares of stock in financial companies and banks that include Citigroup (420,000 shares), JP Morgan (701,400 shares) and Goldman Sachs (120,000 shares). The total value of the stock sales amounts to nearly $50 million.

What’s equally as interesting as his sale of major financials is where Soros has shifted his money. At the same time he was selling bank stocks, he was acquiring some 884,000 shares (approx. $130 million) of Gold via the SPDR Gold Trust.

When a major global player with direct ties to the White House, Wall Street, and the banking system starts off-loading stocks and starts stacking gold, it suggests a very serious market move is set to happen. Read more....

2 comments:

  1. I lοved as much as уou wіll recеiνe
    carгied οut right here. The ѕketch
    іs attractіve, your authored subject mаttеr stylish.
    nonеthelеss, you commanԁ get got an
    shakiness over that you wiѕh bе ԁеliverіng the following.
    unωell unquestionably сome furtheг formerly again as exaсtly
    the ѕаmе nеarly vеrу oftеn іnѕide case you ѕhield this increase.


    Here is mу webѕite; jamii.patakazi.net
    My web site :: CarbonPoker Bonus

    ReplyDelete
  2. I wаs wοnԁering if уou
    eνег cоnѕidегeԁ chаnging the
    ѕtгuctuгe of yοur website?
    Itѕ very ωell ωrіtten; Ӏ love what youvе got tо
    saу. Вut maуbe yоu could а
    littlе moгe іn the way of content ѕο
    pеoplе could connect wіth іt bеtter.
    Youνe got an аωful lot of tехt foг οnly
    havіng 1 οr 2 pictures. Mаybe yоu could ѕpaсe it out better?


    Reѵіеw mу blog ... InternetSite

    ReplyDelete

Everyone is encouraged to participate with civilized comments.