Post
Topic
Board Economics
Re: Gold: I smell a trap
by
foggyb
on 23/08/2011, 21:32:30 UTC


i'm really saying none of that shit matters.  and since when has Chavez been a good market timer? Wink


For Chavez, it isn't even a purchase or sale - it's a transfer from one custodian to another because the current one is suspected of mismanagement. This would be the same as moving your retirement fund from Bank of America to TD because you suspect an imminent failure of the former.

Such a vote of no-confidence could easily trigger additional moves from other large holders.

And that's just the psychological impact. What if they can't fill his transfer request? You know Chavez isn't the only guy who wants to hold his gold in these chaotic markets.

I agree with everything you just said, miscreanity. That doesn't happen to me very often.