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 of the Soros Fund Management's $8.4 billion portfolio, the sale suggests that Soros does not expect prices to continue much higher.


Gold prices have risen sharply this year amid a broad rally in the commodities market. But the metal has come under pressure after earlier this month rising to $1,557.40 an ounce, its highest level ever in non-inflation adjusted terms.


Soros Fund Management now owns only about 49,400 shares of SP26410 26411 26412 26413 26414 26415 26416 26417 26418 26419 26420 26421 26422 26423 26424 26425 26426 26427 26428 26429 26430 26431 26432 26433 26434 26435 26436 26437 26438 26439 26440 26441 26442 26443 26444 26445 26446 26447 26448 26449 26450 26451 26452 26453 26454 26455 26456 26457 26458 26459 26460 26461 26462 26463 26464 26465 26466 26467 26468 26469 26470 26471 26472 26473 26474 26475 26476 26477 26478 26479 26480 26481 26482 26483 26484 26485 26486 26487 26488 26489 26490 26491 26492 26493 26494 26495 26496 26497 26498 26499 26500 26501 26502 26503 26504 26505 26506 26507 26508 26509 26510 26511 26512 26513 26514 26515 26516 26517 26518 26519 26520 26521 26522 26523 26524 26525 26526 26527 26528 26529 26530 26531 26532 26533 26534 26535 26536 26537 26538 26539 26540 26541 26542 26543 26544 26545 26546 26547 26548 26549 26550 26551 26552 26553 26554 26555 26556 26557 26558 26559 26560 26561 26562 26563 26564 26565 26566 26567 26568 26569 26570 26571 26572 26573 26574 26575 26576 26577 26578 26579 26580 26581 26582 26583 26584 26585 26586 26587 26588 26589 26590 26591 26592 26593 26594 26595 26596 26597 26598 26599 26600 26601 26602 26603 26604 26605 26606 26607 26608 26609 26610 26611 26612 26613 26614 26615 26616 26617 26618 26619 26620 26621 26622 26623 26624 26625 26626 26627 26628 26629 26630 26631 26632 26633 26634 26635 26636 26637 26638 26639 26640 26641 26642 26643 26644 26645 26646 26647 26648 26649 26650 26651 26652 26653 26654 26655 26656 26657 26658 26659 26660 26661 26662 26663 26664 26665 26666 26667 26668 26669 26670 26671 26672 26673 26674 26675 26676 26677 26678 26679 26680 26681 26682 26683 26684 26685 26686 26687 26688 26689 26690 26691 26692 26693 26694 26695 26696 26697 26698 26699 26700 26701 26702 26703 26704 26705 26706 26707 26708 26709 26710 26711 26712 26713 26714 26715 26716 26717 26718 26719 26720 26721 26722 26723 26724 26725 26726 26727 26728 26729 DR Gold Trust (GLD), worth $6.9 million, according to a filing with the Securities and Exchange Commission. 
Gold recycler makes a mint


The SPDR Gold Trust is one of the most widely held gold-backed exchange traded funds. Soros's position in December was worth $655 million, when the fund owned 4.7 million shares of the ETF. 


Soros also dumped 5 million shares of iShares Gold Trust (IAU), worth $69 million, as well as shares of gold miners Kinross Gold Corp. (KGC) and Novagold Resources (NG). At the same time, he added to his Barrick Gold (ABX) holdings and bought some shares of Freeport Mcmoran Copper and Gold (FCX, Fortune 500). 


In total, Soros had just under $1 billion in gold ETFs and related stocks at the end of December. After selling off his various holdings, that stake is now a mere $216 million.


The hedge fund manager is best known for his bold bets in the currency market, including a 1992 trade against the British pound that won him an estimated $1 billion.