Gold futures gained early Monday, as investors bid up safety plays in the wake of terror attacks in Paris. Gold for December delivery GCZ5, +0.95% rose $10.70, or 1%, to $1,091.60 per ounce, while silver for December SIZ5, +0.85% climbed by a dime, or 0.7%, to $14.31 an ounce. “After the terrible tragedy seen in Paris on Friday evening (and also the bombing in Beirut), markets have seen some of these fears play out in the financial world,” said Angus Nicholson, market analyst at IG, in a note Monday about trading in Asia. “There was noticeable buying in gold and safe-haven currencies such as the U.S. dollar and Japanese yen.” http://www.marketwatch.com/story/go...ter-paris-attacks-2015-11-16?siteid=rss&rss=1
Sad truth but understandable about the markets and tragedies. Many traders will profit from such but they are not going to openly discuss such. Also, there are many movies with the plot or subplot upon the theme of criminals investing heavily in a particular market and then committing their crime so that they (those they work with) can profit in the 10s to 100s of millions from their crimes via the stocks, futures, forex or options (e.g. Laura Croft, Mission Impossible, James Bond, Jack Ryan, Dark Knight, The Taking of Pelham 123 and many more). Scary to think that this stuff may be occurring in real life and I really can't imagine why such would not occur considering these types of criminals are already heavily financed.
The assumption being the terrorists are so smart they know which way the markets will react to the news. OK fine they are well capitalized too. The question is--if they are that friggin good why don't they just get jobs as traders? Oh, I get it, they are terrorists so they don't have to get real jobs. Duhh.
If by terrorist you mean muesli... They have a job: kill you, impregnate your woman, make more little Muslims to invade more of the planet. "It's a bold strategy cotton"... & europe seems to be utterly defenseless to it ...They are el'fuck'ed
Looks like you have not seen any of the movies I mentioned. The plot did not involve terrorists. In contrast, just sophisticated criminals that committed a crime for the sole purpose to profit from such via manipulating the price of a particular stock, futures, forex or option. Such (price manipulation) occurs every trading day in real life without the need to kill someone to manipulate stock price. We hear about these particular crimes almost every trading day (e.g. spoofing, insider trading, front running, ponzi schemes and so on)...real life stuff every day to contrast the plots seen in a movie involving people getting killed to manipulate stock prices. http://www.reuters.com/article/2015/04/23/us-flashcrash-trader-cme-analysis-idUSKBN0NE00P20150423 Yet, in real life, these types of crimes are labeled as "white collar criminals". Heck, even the SEC has well documented the Mafia (mob) committing crimes to manipulate price of a stock so that they can profit from the price movement...in all of these real crimes...folks went to jail. Doesn't the Mafia kill people too ? In Italy as of early 2000, the mafia is involved in money laundering, extortion, alien smuggling, robbery, blackmail, kidnapping, political corruption, counterfeiting and stock manipulation...many of these crimes involves killing someone(s). In fact, those investigating these crimes have been murdered (e.g. police, judges, private investigators, politicians). What's to prevent terrorists from attempting to do the same for the purpose to profit from stock manipulation ? I do know one thing, if such has already happen involving terrorists...I'm sure they are not going to call it white collar crime. Here where I live in Québec...just a few years ago they busted a sophisticated criminal group for committing crimes for the purpose of stock market manipulation to increase a company's share price, boiler rooms, shell corporations, corporate identity hijacking, ponzi schemes and embezzlement. Seriously, if folks in different countries are already doing the above...some getting caught and others not getting caught...do you seriously believe a terrorist group wouldn't consider doing the same to finance their terror ? By the way, most of those terrorists did have real jobs or were students at universities or had been students. They do such to blend in with their surroundings. Where you been for the past 40 years ? Seriously, read this story @ http://www.bbc.com/news/technology-33862000 about 32 people charged with "Insider Trading Hack" that got caught. Do you really think the FBI/SEC is catching all of them. Now imagine terrorists doing the same or is it possible they already have done such. For example The Times reported that investigations had occurred when the SEC documented "unusual number of share" (trading activity) occurred in insurance companies and airlines stock in the days before 911 attacks by individuals from the UK, Italy, Germany, Japan, Switzerland, France and US...several millions were profited. Yet, as soon as the FBI/SEC started monitoring the accounts...the accounts remains unclaimed. Some folks chalk it up as just coincidental considering that these terrorist groups usually give warnings or the governments intelligence groups gets wind of a "possible attack". Heck, even President Bush received three warnings from intelligence groups in "other countries" (e.g. Israeli Mossad) that the al-Qaeda has a massive strike planned inside the US involving aircraft. These are true facts that later became useful to the crazy conspiracy theorists. As you can see, if you're sophisticated enough in your criminal activity...you're probably smart enough to get involved in the markets to do illegal activities too. Hackers Stole Secrets of up to $100 million Insider Trading Profit in U.S. @ http://www.reuters.com/article/2015...rity-hacking-stocks-arr-idUSKCN0QG1EY20150812 Now do a research on some of those involved in the above criminal activity that's illegal. A few have ties with "terrorist groups" back in their native countries. Yeah, they all had jobs and some of those they worked with had jobs within the market itself to help commit the crime...one of which was a Hedge Fund Manager. I guess that answers your sarcasm about if they are so good why don't they just get jobs as traders. Reality, some work within the industry or have affiliations with people that work within the industry of the financial markets. Yeah, cool...they got caught but what about those that still have not been caught (rhetorical). Once again, where have you been the past 40 years ? P.S. Many terrorists are well educated and commit very sophisticated crimes prior to their terror that kills people...that's the scary part and its a crazy world today unfortunately with the help of technology.
I don't disagree with what you are saying. I guess I always wonder, though, how it is that every time I hear someone who's not a trader talk about trading, its a big bank or hedge fund that has some connection to the real inside info and right before the news comes out they buy all they can-just corner the market-and then sell it to the rest of us schmucks after the release. There's never anyone on the other side of the trade when they put it on either. They just go to the stock store and buy everything on the shelves and some clerk helps them load it into their armored cars. And they are always right. That's why the rest of us can't win causa them.--Swimr
I don't know whom you're talking about when you say "someone who's not a trader talk about trading". Martha Stewart is not a trader but she got busted with insider trading information and is a convicted felon although it did very little damage to her business empire (she's richer today than she was before the conviction). My point is that the mom's and pop's out there that aren't traders can still have access to insider trading information if they "know someone" at the company, broker, bank or whatever and then they are given access to information that the public doesn't have access to. Heck, they don't even need to make a profit. They can still be convicted of insider trading even if they lost money on that information. Hopefully you're not suggesting that the only way to be a profitable trader or profitable investor is via an illegal activity when you say "that's why the rest of us can't win".
Sir, most of what I say here on ET is in jest. Except this. That's how I amuse myself and keep from overtrading. Once in awhile I even learn something from the brain trust here. I would suggest some Valerian root or perhaps chamomile tea. It's good for the nerves--Swimr