The short Euro trade just became a little more over-crowded as Lord Rothschild has just taken a new £130m short bet on the currency.
Something tells us Rothschild has been stacking gold and silver faster than the Chinese, and he likely didn’t wait till 2007 to start.
Lord Rothschild has taken a near-£130m bet against the euro as fears continue to grow that the single currency will break up.
The member of the banking dynasty has taken the position through RIT Capital Partners, the £1.9bn investment trust of which he is executive chairman.
The fact that the former investment banker, a senior member of the Rothschild family, has taken such a view will be seen as a further negative for the currency.
The latest omen follows news in The Daily Telegraph late last week that the government of Finland is already preparing for the euro’s break-up.
RIT, which Lord Rothschild has led since 1988, had a -7pc net short position in terms of principal currency exposures on the euro at the end of July, up from -3pc at the end of January. Given a net asset value of £1.836bn at the end of July, the position is worth £128m.
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So Friday reports emerged George Soros has liquidated his entire US financials position and moved it into GLD (over $130 million), yesterday we discover the Frankfurt International Airport has dismantled a massive € sculpture, and today we find that Lord Rothschild has placed a fresh £130 million bet against the €
Looks like the music is getting ready to stop and the big boys are grabbing the first seats!
Please pass the popcorn Sterling!
Got Phyzz?
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These are the same type of people who took the over-under spread on the Christian vs Lions while owning both teams. Know what I mean?
Ditto that Ag12K and remember the big announcement in 2004 that Rothschild was getting out of gold.
It’s sometimes difficult to clearly see what’s happening on the ground when you’re not connected to the insiders because the world is so large, and at this stage, it still takes time for effects to filter through the system once something big happens.
Thanks to the Internet though, the little guy can see which direction the giants are moving, even though sometimes it can take a while between the booms of single footsteps of those giants.
The time to stack is NOW! If you’re holding any dry powder, treat yourself and stack this week. You’ll be better for it.
Sinclair says the euro short side is massively overcrowded and they are going to get smoked. Hmm, Rothschild or Sinclair? Sinclair or Rothschild? Who should I place my bet on for this particular event?
In the meantime does the following mean the dollar is going up and gold going down?
“The fact that the former investment banker, a senior member of the Rothschild family, has taken such a view will be seen as a further negative for the currency.”
You mean like FB when it first came out? I’ll bet on Rothy Baby.
So that’s why they took down the E. Wow. Looks like all the big boys are starting to walking in. Hurry up the music is about to stop!
Ya know, when I am sitting in my Swiss castle, adjusting my ascot, sipping on Louis XIII, surrounded by supermodels, I always pay attention to what my next door neighbor Lord Rothy is investing in. That is how I became “the most interesting man in the world.”
Yeah Croc, that bearded Dos Equis dingleberry might think he’s the most interesting man in the world but IMO we are pretty darn interesting here at SD.
Now we know how large his short position is. How large is his long position? He has infinite wealth.
Any Questions