We won't know until maybe mid February but we do know that Soros has sold for 3 consecutive quarters, which may signal the direction he is leaning. Soros has also called gold a bubble that will burst on moments notice.
Paulson on the other hand is sitting on handsome gains and knows the adagae to never let a major gain turn into a loss. That might lead some to believe that he may be using strength to sell his GLD shares.
Investors are always adjusting investments. It's prudent to take some off the table when it goes too far too fast, thus overbought. I took 25% off the table when gold got close to 1400, and put some back on when it got close to it's support at about 1330. I buy and sell GLD call and put options, based on the technicals of the market. I also protect myself with out of the money put options in the futures market. You can't expect people to not take some off the table with a double in 2 years.
uh oh uhmmmm uhhhhhh soros and paulson paulson and soros..u r an a44 hole that does what others do imbecil...we dont care uhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh
Bagholders rarely do care about objective views. I received similar repsonses such as yours when the nasdaq was at 5000 and the touts there were just as ignorant and uneducated such as you. In fact the more juvenile responses suggests the more you have future bagholders in place for the inevitable fall.
for example,poor i2m6 made similar useless comments and was loading up by his own admission around the time when he made his bold proclamation (gold was at 1408)...and it has been down ever since, lol, cheers :)
We do not know at this moment but should have some public filings made in february of next year.
What we do know is that Soros called gold a bubble and that he has sold for three straight quarters.
We also know that Paulson's position was unchanged in gold last quarter.
Lastly we also know that China has made several strong statements that they view the reckless rise in commodities as a threat to their sustained economic growth and stability.