George Soros Warns Gold Is The “Ultimate Bubble” (GLD, GDX, GDXJ, SGOL, UGL, DGL, DGP, IAU, DZZ, GLL, UBG, DGZ)

(Reuters) – Billionaire financier George Soros said on Wednesday that gold prices might continue to rise after hitting record highs this week but he renewed a warning that gold is the “ultimate bubble.”

Richard RUSSELL Says Buy Gold: THIS IS ONE OF THE LARGEST TOPS IN STOCK MARKET HISTORY (GLD, SGOL, IAU)

“We’re now in the process of building one of the largest tops in stock market history. The result, I think, will be the most disastrous bear market since the ‘30s, and maybe worse. Question: “What could possibly be behind such a bear market?” you ask. “The stock market is stirring up optimism on a