I wish I could find a complete text of exactly what Soros said. All I can find is this:

Mr Soros said: "When interest rates are low we have conditions for asset bubbles to develop, and they are developing at the moment. The ultimate asset bubble is gold."

To me, this simply means bubbles are brewing, and gold is [potentially] the biggest of all. He didn't say where we were in the bubble stage, or that gold would go down anytime soon. The reporters all seem to think he believes gold will go down, but I don't think he actually said that.

If anyone can find the complete text of what he actually said, please post it.