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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (2366)	8/21/2013 1:31:36 PM
From: Goose94	Read Replies (1) \| Respond to of 202716

Loved this quote over at KWN from William Kaye, a Hong Kong hedge fund manager who worked for Goldman Sachs 25 years ago. “I’m focused right now on the fact that the gold price has been relatively strong. Generally we see very thin trading in August. In fact, most of the trading that is recorded in the markets is algorithm trading. In other words, it’s Goldman Sachs algorithm trading with JP Morgan, and then they switch roles the next day. This is well known in the industry, but it’s not well known to investors. So most of the liquidity that appears to be present in these markets is in fact nonexistent. It’s phantom liquidity provided by these high frequency trading algorithms.... " Message 29068505 Good Cop / Bad Cop - ROTFLMAO