Commentary

"Newspapers like the normally sensible Daily Telegraph fell for his ruse, immediately jumping the gun to a prediction about a massive tumble for the yellow metal. Yet Soros said no such thing.

"He merely pointed out what even the most ardent gold bug would concede, namely, that if you study the history of financial crises, then the credit-induced asset price inflation causes them moves from one asset class to another until it reaches gold as the ‘ultimate bubble’ or the last of the bubbles.

"Soros did not say that we are nearing that position with gold around $1,080, having last month touched $1,226 an ounce. What he did create was a buying opportunity, presumably for funds controlled by himself.

"Only after the bond bubble has blown up will gold become a candidate for the next bubble..."

http://seekingalpha.com/article/185447-why-soros-is-probably-buying-gold-now?source=yahoo

(could someone be disseminating disinformation and talking his own book? ;-)......kf)

http://www.theage.com.au/business/markets/gold-falls-for-second-month-as-us-advance-erodes-demand-20100130-n4uv.html

"Both longs and shorts are getting out with the shorts having their intentions frustrated by the buyer of size that continues to make their presence felt below and near the $1,080 region. It is evident that physical demand for gold is helping to stem the rate of price decline in gold. Bears are continuing to pressure the metal trying to reach further fund stops below the $1074 level but are being stymied by the strong buying that is occurring."

http://jsmineset.com/2010/01/29/hourly-action-in-gold-from-trader-dan-207/