Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (17340)	7/5/2010 8:33:12 PM
From: ahhaha	Read Replies (2) \| Respond to of 24758

The author of the Seeking Alpha article says, Apparently, Soros is a market-timing momentum investor because his comments in the Australian demonstrate that he is investing in gold exactly because he believe it is a bubble. The "Australian" says: The "market fundamentalist" belief prevailing in the US that markets correct their own excesses was wrong, Mr. Soros said, criticising former Federal Reserve chairman Alan Greenspan for taking that line. Assuming the quote is correct, Soros is lying or seeking to deceive since he allegedly made a well broadcast killing by selling the pound when the pound corrected its BOE induced excesses by falling. From wiki : "On Black Wednesday (September 16, 1992), Soros's fund sold short more than $10 billion worth of pounds sterling[citation needed], profiting from the Bank of England's reluctance to either raise its interest rates to levels comparable to those of other European Exchange Rate Mechanism countries or to float its currency. Finally, the Bank of England withdrew the currency from the European Exchange Rate Mechanism, devaluing the pound sterling, and Soros earned an estimated US$ 1.1 billion in the process. He was dubbed "the man who broke the Bank of England." Mr. Soros, who said he manages around $US27 billion ($30bn), gave his own investment decisions as an example. "When I see a bubble, I buy that bubble, because that’s how I make money," the outspoken investor said. Mr. Soros doubled his bet on gold at the end of 2009 amid rising prices, a filing showed this month, a few weeks after Mr. Soros made comments calling gold the new asset bubble. What gives is this. Soros, like all socialists, and most rich people, seek to deceive everyone for clandestine reasons, many of which are rationalized under the guise of "doing good". They will tell you anything that furthers their cause. Don't believe them. Once they reveal that they're liars, you have to take that under advisement, and that means, be suspicious of them. For all you know he has joined the many institutions who are using the nominal strength in gold to liquidate positions taken in previous years. Outside of that, Soros is showing how economically ignorant he is by claiming that markets don't correct their excesses. It is not possible to stop markets, free or totally controlled, from so doing. In fact, it's inherent in the definition of market whether evolved or contrived to so correct.