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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: Wayners who wrote (13311)1/29/2011 6:18:39 AM
From: GROUND ZERO™  Read Replies (3) | Respond to of 223269
 
Yes, I read that report, but I just wonder how genuine and true that is, the gold market is mammoth, it's all over the world, so one small hedge fund can't have that kind of effect on the gold market for more than maybe a minute... I don't believe that report... the entire fund was only $10 million, so if the entire fund was completely in gold futures contracts it would amount to only 71 futures contracts... 71 contracts are traded every second of every minute of every hour of every day... so how could that tiny hedge fund move the gold market lower for four full weeks and more than $100 per ounce lower? It just doesn't make sense...

GZ