Soros Lost Big on the Pound This Time

by Martin Armstrong
Armstrong Economics

COMMENT: Soros has been long gold and sold all his stocks. He made a fortune.

REPLY: No professional trader tells people what he will do in advance. Those announcements were made AFTER Soros took a position. I believe they were stories to create his exit. You get people rushing in who think they are joining him when they are being used for the exit.

George Soros is reported by Bloomberg to have been on the wrong side for he was long in the pound before Britain’s vote to leave the European Union on Friday. That means he probably sold the gold positions and used that hype as the exit.

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