Wednesday, August 17, 2016 Soros cashes in as Barrick posts great first halfBy Luzi Ann JavierBloombergBillionaire George Soros isn’t waiting around to see if this year’s surge in gold-mining shares will last. After climbing 169 percent in the first half, its best-ever performance for the period, Barrick shares have slipped from a three-year high reached last month. The holdings in Barrick slumped by 18.35 million shares to 1.07 million shares, according to a filing released Monday. As Soros cut his stake in Barrick, he bought 240,000 shares of SPDR Gold Trust, an exchange-traded fund that tracks the price of gold. At the end of June, Paulson & Co. owned 4.8 million shares of the ETF, a US filing showed.

Source: Bueno Aires Herald August 17, 2016 00:33 UTC