Great post, sinbob!

I grabbed the following news brief and was wondering if this Soros guy is part of the great conspiracy that you frequently refer to. His comments certainly would influence many to get the hell away from gold, silver, and JPM's in general, I would think. Are his comments a part of the "power play?"

BOSTON (Reuters) - Billionaire investor George Soros in the third quarter reduced some of his big bets on gold, a market he has called "the ultimate bubble."

In a quarterly securities filing on Monday, Soros Fund Management reported it owned 4.7 million shares of the SPDR Gold Trust (GLD:$132.42,00$-1.2700,-0.95%) at the end of the third quarter, down from 5.2 million at the end of June.

Soros also trimmed positions in miners including Barrick Gold (ABX:$50.1500,$-0.5800,-1.14%) , Great Basin Gold (GBG:$2.9500,$-0.1200,-3.91%) and Newmont Mining (NEM:$60.6600,$-0.8900,-1.45%) . He held unchanged large positions in NovaGold Resources (NGRWF:...) and Kinross Gold (KGCAF:$1.1682,$-0.0618,-5.02%) . However, he call options on 705,000 shares of the SPDR Gold (GLD:$132.42,00$-1.2700,-0.95%) fund.

Soros has said several times this year that gold is "the ultimate bubble."

"I called gold the ultimate bubble which means it may go higher," Soros explained in September at a Reuters Newsmaker event in New York. "But it's certainly not safe and it's not going to last forever."

Since hitting an all-time record of $1,424.10 an ounce last week, the price of gold has slipped. Spot gold was trading around $1,359 an ounce on Monday and U.S. gold futures for December delivery settled at $1,368.50.

Soros does not typically explain his quarter-to-quarter moves. A spokesman was not immediately available for comment.

I will look forward to any and all responses to this one! :o)

jdub