Australia's largest stock trading and investment forum Australia's #1 stock forum

GOLD

Click for more information

0.51%

$1,391.7 gold futures

I hope you don't change your tune when the SHTF and all truth...

First 4686 Last

Share
Profile

Follow
chaz38

727 Posts.

10/07/16

12:29

Post #: 18234246
Share

Originally posted by timber1956 ↑

Chaz

I worked for a global bank for eighteen years. That institution is over 160 years old and grew over time, through retained earnings, mergers and acquisitions. For the most part, they play by the rules. On the few occasions when they broke rules, it was more by mistake than a deliberate flouting of the law.

Large international banks have enormous inherent market power mostly because they are large and operate internationally. Their dealers see everything first. They have large amounts of capital and can take very large positions. Their trading profits should not surprise anyone.

Small players can't compete with them. The best you can hope for is to operate as a pilot fish, and pick up the scraps.

Is my age relevant? I have posted previously that I started in the market in 1981. If it is really important to you, you can make your own estimate.

Expand

I hope you don't change your tune when the SHTF and all truth comes out. Not long now. Next 2-3 weeks the Euro will bust. Truth will come out regarding Money printing coming out through their nose together with paper gold and silver manipulation. Oh Yeah! these will be the Big banks not the small farts. Hand on. Don't get a heart attack. Like to have a please explain after the truth comes out.
3 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 2 more messages in this thread...

First 4686 Last

Add GOLD (COMEX) to my watchlist

SPONSORED BY