GOLD 0.51% $1,391.7 gold futures

gold, page-25284

  1. 7,423 Posts.
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    I admire the COMEX gold traders.

    Most of them are private high net worth individuals. When they are bullish on gold, they don't buy coins and ingots and hide them under the bed. They go all in. Buying 100 contracts gets you the same price exposure as 10,000 ounces of gold (or $12 million worth of bullion).

    They don't whinge and complain that the market is rigged. If they thought that, they would take their considerable capital and trade elsewhere. They are the grownups of the gold market.
 
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