http://www.bloomberg.com/news/2011-08-01/gold-coins-selling-out-in-downtown-lisbon-as-biggest-wager-sees-11-gain.html?cmpid=
“The top of the bubble will be euphoric action, a big accelerated price move, and that’s just not the case at the moment,” said Charles Morris, who oversees $2.5 billion at HSBC Global Asset Management in London. “I would expect it to be a very popular asset at its peak, and I don’t think we’re anywhere near that. We think it’s a bull market and we’re on it.”
Soros Fund Management LLC, founded by the 80-year-old billionaire, sold 99 percent of its stake in the SPDR Gold Trust and all shares in the iShares Gold Trust in the first quarter, a U.S. Securities and Exchange Commission filing in May showed.
“The top of the bubble will be euphoric action, a big accelerated price move, and that’s just not the case at the moment,” said Charles Morris, who oversees $2.5 billion at HSBC Global Asset Management in London. “I would expect it to be a very popular asset at its peak, and I don’t think we’re anywhere near that. We think it’s a bull market and we’re on it.”
Soros Fund Management LLC, founded by the 80-year-old billionaire, sold 99 percent of its stake in the SPDR Gold Trust and all shares in the iShares Gold Trust in the first quarter, a U.S. Securities and Exchange Commission filing in May showed.
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