From the end of 20 10 to the beginning of 20 1 1 0, gold continued to fall, and the American ETF Gold Fund threw out 1 10 tons of gold and sold it again. The price of gold dropped from 1433 USD/oz to 1300 USD/oz. According to the information disclosed so far, Soros, an investment tycoon, sold hundreds of millions of dollars of gold ETF shares from the end of 20 10 to the beginning of 201. 20 10 June, investment tycoon Soros proposed that gold has a super bubble, so it can rise. This investment hunter who attacked the Japanese economic bubble on 1992, the Asian financial turmoil in Thailand, South Korea and Indonesia on 1998, the oil bubble in 2008 and the Greek debt crisis on 20 10 has succeeded this time. With the rise of gold at the end of 20 10, Soros thinks it's time to attack gold on a large scale and sell ETF to crush gold. He may still be happily planning how to make gold fall by 70% after the fall, creating a domino-style super crash, just like the 76% drop in oil in 2008. But unfortunately, he changed from a hunter to a prey this time. Just as Soros began to smash gold, the central banks of emerging countries, represented by the Russian central bank, were ready to attack this investment crocodile and eat all the gold he sold. This time, people who attacked other countries were attacked. The top two gold producers in the world are China and Russian respectively. If gold plummets, it will cause heavy losses to the gold industry in these countries, and a large amount of gold will be lost overseas. And Soros's attack on gold will attack the interests of these countries. Only this time, the overbearing Soros either didn't see his opponent's strength clearly, or he was arrogant and blindly confident. China's foreign exchange reserves are US$ 3 trillion, while Russia has hundreds of billions and is rich in oil exports. After the fall of gold in 65438+ 10, China Shanghai Gold Exchange began to compete for the pricing power of gold, and the gold price of Shanghai Gold Exchange was always higher than the overseas price, so that gold would not be lost overseas, which also caused overseas gold to flow to China. At the same time, the Russian central bank announced a high-profile increase in gold reserves. After Soros teamed up with hedge funds to smash hundreds of tons of gold, the central banks of emerging countries used foreign exchange reserves to buy all the hundreds of tons of gold sold, and the price of gold rose accordingly. Let Soros, who is short, suffer heavy losses. Only the gold ETF loss he sold may be more than $400 million, which has not calculated his loss of shorting gold. He has not calculated the loss of selling gold and shorting gold futures with investment banks and hedge funds. This time, emerging central banks joined forces to attack Wall Street investment predators and investment banks, finally giving them a taste of sniping. As the unemployment rate in the United States turned from low to high, the economy began to decline again. Soros's mistake is to attack China, because he has successfully attacked many times, so attacking China's economy and gold has become his new goal. This new goal is just like what the United States commented after the armistice of the Korean War: a wrong time, a wrong place and a wrong war. At the beginning of this attack, Soros wanted to attack investors from China, Russian and other emerging countries and bankrupt many investors. As a result, they were hit hard by central banks in emerging countries. After that, we will smash the funds of both sides on a large scale to see who can hold on. As a result, every 1 month, Soros lost his ammunition, complained bitterly, and punched his face to be fat. Central banks in emerging countries believe that it only takes 9 Niu Yi cents to buy gold with so little money. Now that Soros is badly weakened, it is difficult to make waves. He may be behind Goldman Sachs in the United States. In 2008, Goldman Sachs attacked oil and the Russian economy, and Russia remembered it. Now Russia is making a comeback, and attacking Goldman Sachs is Russia's belief. This attack on Soros in gold may be something that Russia has prepared for, and behind Soros's losses, Goldman Sachs may also have lost a lot. In the future, blockbusters in which the two sides attack each other may be more exciting.

See, the most important thing in the capital market is to see who is well-off and who can stand it. A man who competes for capital with Russian and China superpowers will die.