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Billionaire George Soros warms up to coal as stock prices hit bottom

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posted on Aug, 19 2015 @ 01:38 AM
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It isnt for the coal, it is strictly for buying the carbon credits. They are going to be worth a fortune.

But buying companies for carbon credits is nothing new. Duke Energy has been doing that for years. Buy a plant, shut it down. Transfer the credits to a company you already own that needs that blanket.




posted on Aug, 19 2015 @ 06:08 AM
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Won't lie, if I was a heartless investor, I'd do the same thing.

Rule 1. Buy low, sell high.
Rule 2. Borrow a commodity when it's high, repay it when it's low, and pocket the difference.

So by this logic, he would be about to short some high priced commodities. I don't have a dog in this fight either way, so meh.



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