Archive for August 2012

GLD Ascending Tri Tops   Leave a comment

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Posted August 22, 2012 by britefire in Uncategorized

‘Be right and sit tight’   Leave a comment

‘Be right and sit tight’
philosophy of trading.

August 15, 2012

Soros Fund Management LLC,
more than tripled its investment in the SPDR Gold Trust
in the first quarter

John Paulson
upped his stake in GLD by 26%
with more than 44 percent of [his] U.S. traded equities tied to bullion.
Holdings in the SPDR Gold Trust are Paulson’s largest position.

“Paulson is seeking to reverse record losses last year
caused by an ill-timed bet on an economic recovery.

Bill Gross, Pimco’s co-founder
PIMCO‘s Commodity Real Return Strategy Fund,
has raised its gold holdings to 11.5%

Ray Dalio
asked ‘do you own gold?’,
he smiled and said ‘Oh yeah, I do.’
If you’re going to own a currency,
it’s not sensible not to own gold.
there’s no sensible reason
other than you don’t know history and you don’t know the economics of it.
His suggestion is that gold “should be part of everybody’s portfolio”
as he explains the reality of the endgame of fiat monetary systems.

“Billionaire Frank Giustra
Is Making A Massive Bet
Gold … occupies the largest percentage of his investment portfolio

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George Soros
On September 16, 1992,…
Soros’ fund sold short more than $10 billion in pounds…
the UK withdrew from the European Exchange Rate Mechanism, devaluing the pound, earning Soros an estimated $1.1 billion

“John Paulson
…became a billionaire in 2007
by wagering against the subprime mortgage market”

Ray Dalio
founded the investment management firm,
Bridgewater Associates.
As of January 2012,
the company is the largest hedge fund in the world
with nearly $120 billion under management.