The Big Short’s Michael Burry makes a $10 million bet in Sprott Physical Gold Trust

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The latest filings show Greenlight took some profits in the first quarter as it reduced its position by 10%. The firm’s GLD holdings are still valued at nearly $74 million. , Burry’s firm is also increasing its bets on China. Scion increased its exposure to JD.com Inc. and Alibaba Group Holding Ltd. in the year's first three months.

– Gold prices will continue to rise, with geopolitics and emerging market demand providing upside risk, while silver and platinum prices will also appreciate but may underwhelm if industrial demand slumps, according to the World Bank’s Prospects Group. - Gold prices are lower and silver modestly up near midday Thursday. Both precious metals are pausing after recent gains. - Despite its criticism of being an outdated relic, billionaires appear to be taking a new interest in gold.

Source: Financial Digest (financialdigest.net)

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