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domenica 16 agosto 2015

Durden: Il milionario Druckenmiller fa il pieno d'oro, si è appena comprato 2.900.000 shares dell'ETF GLD


Sarà perchè l'oro deve crollare ancora e ancora (per poi restare fermo in una palude per decenni) che il famoso investitore miliardario Stanley Druckenmiller ha messo ora ben il 20% dei suoi soldini - circa 300 milioncini di dollari - in shares GLD?


Zero Hedge - Billionaire Stanley Drucknemiller Loads Up On Gold, Makes It His Largest Position For First Time Ever
Submitted by Tyler Durden on 08/16/2015

Over the past several years, one of the biggest critics of the Fed's ruinous monetary policy has been billionaire investor Stanley Druckenmiller, who in 2010 announced he would be shutting down his legendary Duquesne Capital Management, and convert it to a family office. Yet, despite his constant drumbeat of warnings that the period of ZIRP/QE/NIPR will end in tears, he had yet to put money where his mouth was (aside for a brief period in mid-2012 when we bought a lot of GLD calls, only to unwind the almost instantly).

This ended on June 30, when following Friday's filing by the Duquesne Family Office, we learned that as of the end of Q2, the largest position for Stanley Druckenmiller was none other than gold, following the purchase of 2.9 million shares of the GLD ETF shares. In other words, as of this moment, gold amount to over 20% of Druckenmiller's total holdings.

In a world in which starved for ideas alpha-chasers do anything and everything that billionaires report they did a month and a half ago, we wonder if this marks the end of the relentless liquidation in the GLD, which recently hit a multi-year low, as a result driving the price of paper gold to multi-year lows even as physical demand has approached record levels.

So with Druckenmiller now back and strapped in for the ride, we wonder which other prominent investor will promptly follow?

2 commenti:

  1. Su Zero Hedge tutti a ridere perchè il GLD non è oro, è carta... però in effetti, piccolo piccolo e non cagato, uno commentava che difatti per il piccolo investitore è così ma per il grosso no: si può redimere l'oro del GLD in multipli di 100.000 dollari e direi che il tipo qua sopra quindi potrebbe redimerlo.

    A parte questo potrebbe benissimo essere una manovra speculativa di breve

    RispondiElimina
  2. Comunque il più grosso e "tradizionale" possessore di GLD è Paulson e ne ha, adesso che ha ridotto le posizioni, ben più di Druckenmiller

    Paulson & Co., the top holder of the SPDR gold fund, owned 9.23 million shares as of June 30, the filing showed. That compares with 10.23 million a quarter earlier.

    http://www.bloomberg.com/news/articles/2015-08-14/paulson-cuts-gold-etp-holdings-for-first-time-in-two-years

    RispondiElimina