Soros Fund Management invested $27 million in the Market Vectors Gold Miners ETF in the September quarter, according to SEC filings lodged last week
John Robertson
PortfolioDirect
Soros Fund Management invested $27 million in the Market Vectors Gold Miners ETF in the September quarter, according to SEC filings lodged last week. Other hedge fund managers have also identified gold miners as a leveraged counter to the Fed keeping its securities purchases program for longer. The ETF price (see the chart at (VIEW LINK) shown) appears to be making a transition from a downtrend to something stronger. While the price action is a more positive slant on the sector, the precise cause of a possible change in direction remains unclear. Since the miners are more likely to rise in a stronger equity market, a rotation out of the leading equity sectors and into cyclical equities may be the necessary catalyst to effect a change in direction. A positive move in emerging market equity prices would probably have to happen at the same time.
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John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business strategist and investment market professional for over 30 years after starting his career as a Commonwealth Treasury economist in Canberra. Since being Australia's top-rated commodities analyst and chief economist at one of Australia' leading stockbroking firms, he has advised companies across the mining, consumer products, IT and biotech sectors on their equity market relations. He leads the firm's investment evaluation and security structuring activities on behalf of the Australian Small Scale Offerings Board (ASSOB), the world's first equity 'crowdfunding' investment platform. John Robertson discusses the interaction of mining and investment markets in his weekly 'From the Capital' column in Mining Journal.
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John Robertson
PortfolioDirect
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
Expertise
No areas of expertise
John Robertson
PortfolioDirect
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
Expertise
No areas of expertise
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