21-07-2009, 06:28 PM
David Guyatt Wrote:Hey Peter, you're a brave man dealing in the gold paper market!
David. There's nothing brave about my particular modus operandi I can assure you. Of all the tradeable paper contracts/securities markets, the PM's are probably THE most rigged and manipulated. So, like you, I would never use them for investment purposes. High-frequency trading is a different matter though. I rarely hold a pm contract for more than a few days and NEVER during the few days prior to a contract expiry. Average hold time is probably about 30 minutes overall. It's a tedious boring useless occupation but I manage to make a few bob at it.
Peter Presland
".....there is something far worse than Nazism, and that is the hubris of the Anglo-American fraternities, whose routine is to incite indigenous monsters to war, and steer the pandemonium to further their imperial aims"
Guido Preparata. Preface to 'Conjuring Hitler'[size=12][size=12]
"Never believe anything until it has been officially denied"
Claud Cockburn
[/SIZE][/SIZE]
".....there is something far worse than Nazism, and that is the hubris of the Anglo-American fraternities, whose routine is to incite indigenous monsters to war, and steer the pandemonium to further their imperial aims"
Guido Preparata. Preface to 'Conjuring Hitler'[size=12][size=12]
"Never believe anything until it has been officially denied"
Claud Cockburn
[/SIZE][/SIZE]