Monday, August 8, 2011

Hypothesis :)

As regular readers of my blog, you might remember my post on Soros selling his gold holdings. Back then (May 2011), I said that it could very well be because he sold etfs and bought the real asset, or it could be a structural issue. I was (very) partially correct.

Soros shut his fund down and returned money to all the investors, which explains why he sold out of the ETFs. Since then we don't know if he bought back through another vehicle :)
$1520 is now at $1710
But this is the weird thing about analyzing data or understanding rationales - very little is visible unless ex-post.

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