Today's $1.24 Billion Targeted Gold Slam Down

Discussion in 'Gold' started by thatguy, Apr 30, 2012.

  1. thatguy

    thatguy Active Member

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    Today's $1.24 Billion Targeted Gold Slam Down Makes The Mainstream Press
    http://www.zerohedge.com/news/todays-124-billion-targeted-gold-slam-down-makes-mainstream-press

    :D
     
    thatguy, Apr 30, 2012
    #1
  2. goldpelican

    goldpelican Administrator Staff Member

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    Thanks to leverage, it's probably only about $12.5m in margin to control that much.

    Edit - article actually mentions $75.9m. Still peanuts compared to $1.24b.
     
    goldpelican, Apr 30, 2012
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  3. theiain1

    theiain1 Member

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    theiain1, May 1, 2012
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  4. rbaggio

    rbaggio Active Member Silver Stacker

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    So, if this was in fact a failed raid ... did the trader do his $75.9m? Not being a trader, I'm unsure if this guy actually loses his cash in his failed raid (I assume he would??)
     
    rbaggio, May 1, 2012
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  5. thatguy

    thatguy Active Member

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    Only time will tell, we do not know when the contract expiration dates were for, but if at the contract expiry date the spot is more then now they lost, if less they won... time will tell.

    The 75.9m is just a place holder for the contract AFAIK
     
    thatguy, May 1, 2012
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  6. Silverthorn

    Silverthorn Well-Known Member

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    Silverthorn, May 1, 2012
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