Michael Burry Sells Gold Position
This is a China news story, published by CoinGape, that relates primarily to Michael Burry news.
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Michael Burry Ditches GoldCoinGape
•Michael Burry Ditches Gold as US CPI Hints at Fed Rate Cut
67% Informative
Michael Burry has sold out his entire position in the Sprott Physical Gold Trust ($PHYS) The trust reported a good increase of 23% in the last six months .
Burry is now heavily bullish on the consumer, strength of the dollar, China , and the US Job Market.
This comes after the most recent US Consumer Price Index (CPI) report showed that inflation has slowed down considerably.
This decline in inflation could be viewed as the Federal Reserve contemplating a reduction in interest rates.
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