“This is important from the standpoint that certain investors can move markets, Soros is one of them. Whether his analysis is correct or not only matters for the long term. Short term this is a negative for stocks and a positive for mining stocks and metals.”

Soros is not alone about being worried about U.S. stocks and a global economic slowdown. Gold and gold stocks are one of the direct beneficiaries of the so-called “risk-off” environment. In fact, Gold is one of the strongest performing markets in 2016 and gold stocks continue to be one of the strongest performing sectors on Wall Street.