It either means our forecasts are righter than we imagined.
Or, they're selling into the frenzy they create.
Be careful.
* * * * * J B K * * * * *
San Francisco
March 1 (Bloomberg) -- George Soros is helping drive up gold prices by doubling his bet in a market even he considers a "bubble" as Goldman Sachs Group Inc., Barclays Capital and HSBC Holdings Plc predict more gains before it bursts.
Soros Fund Management LLC, which manages about $25 billion, increased its investment in SPDR Gold Trust, the world's largest exchange-traded fund for the metal, by 152 percent in the fourth quarter, a Feb. 16 Securities and Exchange Commission filing shows. While prices have fallen 9.2 percent since reaching a record on Dec. 3, 15 of 22 analysts in a Bloomberg survey say gold will reach a new high, with the median forecast predicting a 17 percent advance to as much as $1,300 an ounce this year.
http://www.bloomberg.com/apps/news?pid=20601109&sid=avsz5zUl.3yo&pos=11
