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I say things on Twitter

12/30/11

Soros calling bear on gold

Via Ritholtz, this Bloomie segment with George Soros. Ritholtz notes in his post that:

1) Gold is closing up again this year
2) Soros cut 99% of his exposure to gold in 1q11
3) Here he says that gold is "on the brink of a bear market"



Fair enough, and as history suggests Soros is pretty good at this investment thing plenty of people will take notice of his call. As for me, I'll stay long gold. Call me stupid if you like.