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Soros Fund Buys Citigroup, Bank of America, Ford and Loads Up on Gold
When billionaire George Soros speculates and predicts, we listen When George Soros buys and sells, we do the same Explore related topics
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LAS VEGAS, NEVADA, Feb 17, 2010 (Marketwire via COMTEX) -- George Soros is buying Citigroup Inc. (C), Ford Motor Company (F), Bank of America (BAC), and Spider Gold Shares (GLD). And we all know, George Soros speculations and predictions have a history of coming true. With a proven track record, as one example, look at his Quantum Fund returns in 2007 that netted him over $2.9billion. In our research here at, we investigated what the Soros Fund is buying and selling and found some interesting insights and correlations. At PowerPennyStocks we provide deep, due diligence on companies and track stocks all over the market. Our primary focus is to provide investors with winning micro cap and penny stock picks. We provide our subscribers with comprehensive due diligence on little known micro cap stocks that look poised for explosive movement. Our free newsletter, "Power Picks", focuses on stocks that fly under the radar of your average Wall Street investor and have tremendous upside potential.

Billionaire investor George Soros reported his 4th quarter portfolio yesterday and here are a few key observations.

Soros initiated holdings in Citigroup Inc. (C) which is now one of his top 5 holdings, with an estimated average price purchase of $4.00. Soros increased his holdings in Bank Of America Corp. (BAC) by over 24% and added to his holdings in Ford Motor Company (F) by over 48%.

It appears the golden place to be is, well, gold.

Almost 10% of Soros portfolio is in Spider Gold Shares (GLD). Soros added to his holdings by over 150% in GLD and increased his holdings in Yamana Gold (AUY) by over 240%. Additionally, over 30% of Soros portfolio is in the energy, oil and gas sector.

So who else is buying gold?

John Paulson, the investor who made billions by pegging the housing bust and credit crisis, invested $1.3 billion for an 11% stake of AngloGold (adding to his gold position with a significant stake in Kinross Gold). Hedge fund manager David Einhorn (the gentleman who predicted the collapse of Lehman Brothers), recently said he bought gold - for the first time.

What does this means for the Average Joe?

Take a look at penny stock companies like Affinity Gold Corp /quotes/comstock/11k!afyg (AFYG 1.80, -0.08, -4.26%) . Less than a month ago AFYG was sitting at $1.50 per share. We've watched this golden boy steadily rise with the release of their 43-101 technical report and other great news. It closed last Friday at over $1.88. That's a golden ROI story - a 25% increase in your money.

How does the normal investor see a 100% return on gold? Read the AFYG Inside Report

With some newsletters pointing to a $4.00 per share short term target, it looks like AFYG is heading there in a hurry. And they are not the only micro cap mining company that is showing some great investment opportunity in the OTCBB gold mining sector.

With more good news expected, AFYG will continue to generate significant investor interest in the company. Our recommendation is to keep AFYG on your radar and watch this week's reactions across the web as the stock continues to move north.

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