Soros Backs Out of Barrick and Market Vectors Gold Miners ETF

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.