Lots of headlines about billionaire George Soros’s big exit from gold ETF’s this week which was part of the price decline we saw Friday night and Monday. What they forgot to mention is he put a very large proportion of proceeds into junior gold stocks. Soros Fund Management (infamous for 40 years of 20% annual rate of return and recently picking/exacerbating the AUD fall), is positioning itself for the disconnect between the increasingly ‘paper’ based Spot price and the physical reality.