Here it comes…
The Hong Kong Mercantile Exchange (HKMEx) announces today it has decided to voluntarily surrender the authorisation to provide automated trading services () granted by the Securities and Futures Commission (“the SFC”). With immediate effect, no new orders may be placed and all open positions will be financially settled at the settlement price determined by HKMEx and its designated clearinghouse.
http://www.commodities-now.com/news/14514-hkmex-voluntarily-surrenders-automated-trading-services.html
wonder when Co(n)mex will run out?
http://www.24hgold.com/english/interactive_chart.aspx?…decom=GOLD
Wonder what happens if the price [...]
From Bloomberg:
Billionaire investors George Soros and Louis Moore Bacon cut their stakes in exchange-traded products backed by gold last quarter as futures dropped the most in more than eight years. John Paulson maintained his holding.
Soros Fund Management LLC reduced its investment in the SPDR Gold Trust, the biggest fund backed by the metal, by 55 percent to 600,000 shares as of Dec. 31 from three months earlier, a U.S. Securities [...]
George Soros made almost $1 billion since November from bets that the yen would tumble, according to a person close to the billionaire’s $24 billion family office.
The Japanese wager helped the firm return about 10 percent last year and 5 percent so far this year, said the person, who asked not to be named because the firm is private. The yen has weakened 17 percent versus the dollar since about the [...]
http://www.marketwatch.com/story/eur…MW_latest_news
Europe has 3 months to address crisis: Soros
By Deborah Levine, MarketWatch
NEW YORK (MarketWatch) — The European Union has three months to address its financial crisis before the markets stop giving it time, but in the end the euro is likely to remain, said George Soros, chairman of Soros Fund Management LLC.
Europe is struggling with a fundamental flaw of its original design: that’s it’s a monetary and economic union but not [...]
NEW YORK (MarketWatch) — Billionaire investor George Soros’s Soros Fund Management LLC has bought shares of J.P. Morgan Chase & Co. JPM +1.26% and Goldman Sachs Group Inc. GS +0.10% in the first quarter, according to a regulatory filing late Tuesday. The fund didn’t have stakes in the two bank stocks as of Dec. 31. The Soros fund acquired 120,000 shares of Goldman as well as 606,400 shares of J.P. Morgan, whose disclosure of a [...]
Jonathan Soros intends to set up his own family office with chief risk officer for the Soros Fund, David Kulsar
He stepped down from day-to-day management of his father’s firm last September
Comes after a year of significant losses at the $25 billion firm
The upheaval within billionaire investor George Soros’ firm continues as one of his sons is separating some of his personal fortune to manage it himself.
Jonathan Soros, who stepped down [...]
By Brenda Cronin, WSJ
The world financial system not only isn’t functioning, it’s on the brink of collapse, according to investor George Soros.
Bloomberg News
George Soros, founder of Soros Fund Management LLC
The Hungarian-born philanthropist, who recently spent time in countries where his charities are active, such as Africa, said he sees a growing bifurcation between emerging and developed countries – and he’s more confident about prospects for the emerging ones.
Despite their assorted problems, [...]
Brief-Soros takes share stake in Odyssey Marine, Sirius, Varian Medical
Published: Monday, 15 Aug 2011 | 6:07 PM ET Text Size
Aug 15 (Reuters) – Soros Fund Management LLC: * Soros takes share stake in Odyssey Marine Exploration Inc Inc of 250,000 shares * Soros takes share stake in Plains Exploration and Production Co of 303,800 shares * Soros takes share stake in SandRidge Energy Inc of 1,400,000 shares [...]
BOSTON (TheStreet) — George Soros, the billionaire hedge-fund manager and philanthropist best known for breaking the Bank of England in 1992, will return capital to investors in order to avoid reporting requirements under the Dodd Frank reform act.
Soros will return money to investors by the end of the year, Bloomberg reported Tuesday, citing two people briefed on the matter. Soros Fund Management will focus on [...]
From Bloomberg:
George Soros, the billionaire best known for breaking the Bank of England, is returning money to outside investors in his $25.5 billion firm, ending a career as hedge-fund manager that spanned more than four decades.
Soros, who turns 81 next month, will hand back the money, less than $1 billion, by the end of the year, according to two people briefed on the matter. His [...]
Image: Wikimedia Commons
Keith Anderson, who runs the $25.5 billion Quantum Endowment Fund for Soros Fund Management LLC, has seen enough of choppy global markets.
In mid-June, Anderson told his portfolio managers to pull back on trades as the hedge fund’s losses hit 6 percent for the year, according to two people familiar with the New York-based firm. As a result, the fund is about 75 percent in cash as it waits [...]
By: Julian D. W. Phillips, Gold/Silver Forecaster – Global Watch -GoldForecaster.com
The sales of Gold by George Soros
George Soros, the billionaire founder of Soros Fund Management LLC, sold most of his holdings in the bullion-backed SPDR Gold Trust and iShares Gold Trust funds in the first quarter, while buying shares of mining companies Goldcorp Inc. and Freeport-McMoRan Copper & Gold Inc. Soros’s fund held 49,400 shares of [...]
What Bloomberg would never dream of saying, even though it screams out from this story, is that the gold ETF market is a paper market, in which “ETPs trade on exchanges with each share representing metal held in a vault” is actually untrue, (it’s a scam based on the same principle as fractional reserve banking) and will cause a market meltdown if everyone wants to take [...]
April 15 (Bloomberg) — Gold gained to a record and silver climbed to the highest level in 31 years as inflation in China accelerated more than forecast, underscoring the challenge that central bankers worldwide face in combating rising prices.
Immediate-delivery bullion, which has rallied every year since 2001, gained as much as 0.4 percent to $1,479.35 an ounce and was at $1,476.20 at 10:32 a.m. in [...]
By Pham-Duy Nguyen and Yi Tian
Jan. 31 (Bloomberg) — The “capitulation†in gold that drove the metal to its worst January in 14 years may be ending as escalating violence in northern Africa spurs demand for a haven and after a key technical indicator held.
Futures traded on the Comex exchange in New York jumped 1.7 percent on Jan. 28, the most since Nov. 4, as thousands [...]
Soros Gold Bubble Expanding as ETP Holdings Increase
Gold’s 23 percent surge this year to a record is proving no deterrent to George Soros, John Paulson and Paul Touradji, whose investments signal more gains for the longest winning streak in at least nine decades.
Securities and Exchange Commission filings this month by Soros Fund Management LLC, Paulson & Co. and Touradji Capital Management LP listed investments in gold as their biggest holdings. [...]
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