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Message: Re: $GOLD
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Jan 27, 2011 10:11PM
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Jan 27, 2011 11:09PM
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Jan 28, 2011 12:04AM

Jan 28, 2011 09:33AM
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Jan 28, 2011 10:48AM

Yes, I just spotted the article too. Nice find! So this maybe is the smokin' gun behind the current PM market correction. It's intersting to note that this miniscule hedge fund had only $10MM in capital behind it, yet was wielding an AU futures position of over $800MM. By my count that's at least 80:1 leverage., a very heavy bat being wielded by a "bush league" player . 'Kind of reminds me of the lunatic US money center banks back in their hayday in '06 & '07 with their extreme leverage. Extreme risks ignored.

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Jan 28, 2011 12:01PM
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