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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (61245)	2/16/2010 11:22:06 PM
From: Cogito Ergo Sum	1 Recommendation Read Replies (2) \| Respond to of 218722

tj Players 3 and 4 should know that Soros comments were taken out of context, actually changed, by the media.. Exact quote was In comments delivered on the fringe of the World Economic Forum, Mr SOROS said: "When interest rates are low we have conditions for asset bubbles to develop, and they are developing at the moment. The ultimate asset BUBBLE is GOLD." Whether he's washed up or not .. I care not.. Don't follow leaders.. you know the rest :o)

To: TobagoJack who wrote (61245)	2/17/2010 1:01:25 AM
From: carranza2	1 Recommendation Respond to of 218722

The players are missing a bit of chronology or are misunderestimating Soros. Here is why. Soros's position in gold was effective as of the end of 2009, but his gold is in a bubble comment was at Davos, in late January, a month later. Even before then, he was known to be the fourth largest holder of GLD. If he was talking his book at Davos, it means that he is planning to buy more gold in the near future and was trying to ratchet down the price. It is thus likely that he thinks gold is undervalued and worth accumulating. If he had bought all the gold he needs or wants by the end of the Q4 2009, then his 'bubble' comments are insane. Soros is not insane. I would guess he is buying more. Plus, his comments about low interest rates blowing up bubbles are spot-on, if a bit of a description of the obvious. Equities in general are quite high by some measures. A 10K Dow in a bubble? Maybe so. The players uncharacteristically missed this.