Archives for August 2015

August 2015 - Page 24 of 27 - Money Morning - Only the News You Can Profit From

What Is George Soros' Fund CIO Scott Bessent Leaving Behind?

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George Soros is losing his namesake fund's Chief Investment Officer Scott Bessent, who is departing from Soros Fund Management LLC to start his own $2 billion hedge fund.

Bessent is a hedge fund whiz who originally began working at Soros Fund Management in 1991 at the age of 29. He remained there for nine years before Soros closed his European fund operations.

Here's a look at George Soros' holdings - what Bessent will be leaving behind in his new pursuits...

Gold on Sale: Investors Buying on Today's Low Gold Prices

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The leveraged gold futures derivatives market is knocking down the precious metal, yet in massive contrast, this drop has ignited a shopping frenzy. American Gold Eagle sales reached 161,500 ounces in July, the highest monthly figure since April 2013.

With so much gloom and doom in the media surrounding gold prices right now, you might wonder why coin sales are soaring at multiyear highs.

Here's what's going on...

How China Plans to Dominate Pricing in the Gold Market

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China is notable for its long-time affinity toward gold. For the past several years, it has consistently been one of the top two gold consumers worldwide. (India holds the title for No. 1 gold consumer – for now.)

China is also the world's largest gold producer. So it stands to reason that China would want to exert more influence over the gold market – and gold prices.

Here's how the Asian nation aims to do just that...

Oil's Tumble Means a Fast 30% Gain with This Trade

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My wife and I were just at a children's birthday party. You know, the kind where everyone gets together to sing "Happy Birthday," and then the adults drift off into their own groups to chat.

Naturally, I fell in with a group of several wealth managers, and you'd better believe we started talking about the markets.

When the subject turned to oil shares, you could have heard a pin drop.

You see, some of those folks could be looking at a mighty lean year, depending on their oil exposure.

But as we know, there's an opportunity to make money as share prices fall. Today I want to show you how to book a quick and easy 30% gain on some very big, very liquid oil shares, even as the stock tumbles down.

It's the perfect energy play for markets like this...