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North American Palladium Limited ┼×irket Message Board

  • pacenet_2000 pacenet_2000 Feb 15, 2013 9:47 AM Flag

    Billionaires out of gold and into pt and pd???

    Per the below, major billionaires are moving out of gold. I am not surprised in that gold is being heavily mined all over and is very common. And pt/pd have much better dynamics for the many reasons we all know. If these guys and others are moving into pt/pd watch for an explosive move up! 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.

    Sentiment: Buy

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