Guru Focus. com
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The SEC filing further discloses that Soros has acquired 857,400-shares of Boston Scientific--which recently completed its acquisition of Guidant--and a 698,500-share stake in communications equipment maker Cisco Systems.
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At the same time, developments in Iran for the establishment of the Iranian Oil Bourse have speculators lining up in Europe on the side of the Euro as investors like Soros, Gates and Buffet continue to hold huge multi billion dollar short positions on the U.S. dollar as inflation rears its ugly head in the United States and Central Bankers are focusing on pulling away from trading oil contracts in dollars if the IOB begins operations any time soon.
The dollar has slid more than 6% in the past month alone and as interest rates are raised to stem the loss in purchasing power, U.S. consumer confidence continues to slide, wholesale prices have begun to reflect what savy investors have been predicting for the past two years, and the U.S. and British real estate markets have seen notices of default increase by more than 50% during the first quarter of 2006.
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