Soros dumps US stocks, buys gold

[applegrove]

Soros dumps US stocks, buys gold

https://www.rt.com/business/343332-soros-gold-us-stocks/

"SNIP.............


Billionaire George Soros has cut investment in US stocks by one-third and acquired a $264 million stake in the world’s biggest bullion producer, Barrick Gold, Bloomberg reports, quoting the investor’s fund data.

Overall, in the first quarter of 2016 the value of publicly disclosed holdings of Soros Fund Management fell by 37 percent to $3.5 billion.

At the same time, Soros bought a 1.7 percent stake in Toronto-based Barrick Gold for $264 million, the biggest US holding in the company.

“Gold is always a safe haven at times when risks for investors are escalating. It’s better to sit out turbulence with gold,” economist Natalya Volchkova told the Ridus news agency.



.............SNIP"

[applegrove]

1. People are afraid the US economy will tank if Trump gets in.

and this:

http://money.cnn.com/2016/05/16/investing/mark-cuban-stocks-tank-donald-trump/index.html?r=1

[leveymg]

3. The Democratic nominating process is about to undergo a radical change

Last edited Wed May 18, 2016, 09:51 AM - Edit history (1)

That's the more immediate event that could roil the markets. Since the current front runner is seen as Wall Street friendly, that may not be viewed as a favorable development.

[scscholar]

2. Sad to see he is planning to lose...

rather than spending his money to win.

[Stinky The Clown]

4. Que Glenn Beck in 5 . . . 4 . . . 3 . . . . . . .