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Commodity Prices Update: Faber, Icahn, Soros Make Big Bets on the Sector
A few legendary influencers in investing are making huge bets right now on commodities, an area that's faced - and continues to face - some pretty strong headwinds.
Famed hedge fund manager Stanley Druckenmiller recently made a $323 million bet on gold. Carl Icahn took an 8.5% position in copper miner Freeport-McMoRan Inc. (NYSE: FCX).
What are we to make of this? And how could this impact commodity prices? Take a look...
A few legendary influencers in investing are making huge bets right now on commodities, an area that's faced - and continues to face - some pretty strong headwinds.
Famed hedge fund manager Stanley Druckenmiller recently made a $323 million bet on gold. Carl Icahn took an 8.5% position in copper miner Freeport-McMoRan Inc. (NYSE: FCX).
What are we to make of this? And how could this impact commodity prices? Take a look...