Tuesday, August 18, 2015

ACTIONS SPEAK LOUDER THAN WORDS........MONEY TALKS!

Billionaire Stanley Druckenmiller Loads Up On Gold, Makes It His Largest Position For First Time Ever

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. In other words, as of this moment, gold amounts 
to over 20% of Druckenmiller's total holdings.

Stan Druckenmiller is going big on gold.

Druckenmiller is one of the world's most successful and respected traders. As a hedge fund manager from 1986 to 2010, he generated an incredible average annual return of 30%.

Druckenmiller was also George Soros's right-hand man at Quantum, Soros's famed hedge fund. Quantum's now legendary 1992 trade shorting the British pound was Druckenmiller's idea. It made Quantum about $1 billion. People say the trade "broke the Bank of England."

Most professional investors preach diversification. But Druckenmiller says he's successful because he's not afraid to concentrate his bets when he really believes in a trade. He calls it "being a pig."

Druckenmiller just made a $300 million bet on gold…

If you look at the real root cause behind the financial crisis, we're doubling down. Our monetary policy is so much more reckless and so much more aggressively pushing the people in this room and everybody else out the risk curve that we're doubling down on the same policy that really put us there in the first place, it will not end well for the markets or our economy.


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