Billionaire Soros Cuts U.S. Stocks by 37%, Buys Gold Shares+Miner

``Billionaire George Soros prepared last quarter for gloomy times, dialing back his U.S. stock investments by more than a third, betting against the equities while banking on gold... Soros bought bullish options contracts on 1.05 million shares in the SPDR Gold Trust, which tracks the price of bullion. What's more, the fund took a stake in the world's biggest producer of the metal, Barrick Gold Corp., worth $264 million at the end of March, the filing showed. Soros acquired 1.7 percent of Barrick, making it the fund's biggest U.S.-listed holding.''