Soros Backs Out of Barrick and Market Vectors Gold Miners ETF

Precious Metals

Reuters reported that Soros Fund Management LLC has dissolved its stake in the Market Vectors Gold Miners ETF (ARCA:GDX). The fund has also liquidated its stake in Barrick Gold Corp. (TSX:ABX,NYSE:ABX).

Reuters reported that Soros Fund Management LLC has dissolved its stake in the Market Vectors Gold Miners ETF (ARCA:GDX). The fund has also liquidated its stake in Barrick Gold Corp. (TSX:ABX,NYSE:ABX).
As quoted in the market news:

The fund’s stake in Gold Miners was valued at $13.5-million at the end of June and $20.1-million in Barrick Gold, the second-quarter 13F-HR filing showed.

Click here to read the full Reuters report.

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