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>> GEORGE SOROS Latest News

APR 23, 2013 - Zero Hedge

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Guest Post: Physical Gold vs. Paper Gold: The Ultimate Disconnect

Submitted by Bud Conrad of Casey Research, How can we explain gold dropping into the $1,300 level in less than a week? Here are some of the factors: George Soros cut his fund holdings in the biggest gold ETF by 55% in the fourth quarter of 2012. He was not alone: the gold holdings of GLD have contracted all year, down about 12.2% at present. On April 9, the FOMC minutes were leaked a day early and revealed that some members were discussing slowing the Fed $85 billion per month buying of Treasuries and MBS. If the money stimulus might not last as long as thought before, the "printing" may ... Read More

Tags: Guest Post: Physical Gold vs. Paper Gold: The Ultimate Disconnect,  George Soros Latest News