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gold billionaire

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  • Gold sell-off tied to single trade: Nanex [View news story]
    Yesterday i had phoned my broker at 8:35 am to sell 500 000 ounces of gold.Trying to save on commission I said do it in one trade. What a mistake since the median price of sale turned out to be $1272 and the sale started at $1287 to wind down at 1266.My broker then told me that had I just spread out the sales during the next few days there is a good chance my median price of sale would have been around $1287.

    I thus lost 7.5 million dollars because of this stupid huge sale in one minute (500000 ounces times 15$).

    My broker also said that if I had shorted I would have made the 7.5 million dollars since it was real easy to buy back in the 1260 zone after the nuclear selloff. I asked him if that was legal and he said everyone is doing it. Wow I can just do this over and over , that is really really cool.I can also pick times of day when I can see who is buying but they cant see me hahahahaha!
    Oct 13 09:22 AM | 2 Likes Like |Link to Comment
  • Gold sell-off tied to single trade: Nanex [View news story]
    I will wait next time before selling such a large lot.
    Oct 11 03:53 PM | 2 Likes Like |Link to Comment