George Soros News: Japan, Books, Small-Caps and Technical Analysis

Speaking of George Soros – does he do technical analysis? (ForexLive)
Does George Soros use charts and technical analysis as part of his process? You bet he does. …This, in particular, caught my eye: Soros also hired away one of the most talented technical analysts out there, John Roque, upon the collapse of Roque’s previous employer, broker-dealer WJB Capital. No one has heard from the formerly media-available Roque since Not everyone uses charts and TA – but Mr. Soros does (amongst other things).

The Weekly Gold Digger! (InsideFutures)
The Gold market had one of the worst week’s since the 80’s when I believe Russia had sold some of their Gold reserves. The market has been through a great deal, but the bring down the Gold so severely, the central banks sales of Gold may do it. The central banks hold about 19 % of all the Gold ever mined. The World Gold Council reported that the central banks increased their reserves to their highs of the last three decades. This selloff was triggered by talks of Cyprus being forced to sell some of their Gold reserves to qualify for the tranche of bailout money. The talks may have been exaggerated as Cyprus simply had to come up with a parcel of money to qualify for the rescue money and no one may have been able to demand that they sell Gold in particular. George Soros and other large investors somehow managed to liquidate holdings previously, but John Paulson may have succumbed to a loss of about $1 billion during the week.

Volatility kills golden egg (TheAustralian)
Having risen for the best part of a decade, from a price of $US327 an ounce in April 2003 to a record $1923.70/oz in September 2011, the market value of the precious metal has been in steady decline ever since. …In some respects, the panic traders were well behind the game. George Soros and Mikhail Prokhorov, two of the world’s richest men, made deep cuts into their gold exposures earlier this year. Soros, through Soros Fund Management, sold 55 per cent of its holding in the world’s biggest gold-investment vehicle, the SPDR Gold Trust, and Prokhorov sold his 38 per cent stake in London-listed, but Russian-focused, Polyus Gold.