Tuesday, May 17, 2011

George Soros, Several Other Exit Gold ETFs; John Palson Hangs On

As the latest filings for Soros Asset Management (SAM) show, George Soros has called it a day with respect to his goldings in two gold ETFs. He got rid of all of SAM's holdings of the iShares Gold Trust ETF and all but 49.400 shares of the SPDR Gold Shares Trust. He also reduced SAM's holdings in NovaGold Resources Inc. and underperforming Kinross Gold Corp.

John Paulson, on the other hand, is sticking to his guns.

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