Some people should avoid to trade from now

Discussion in 'Trading' started by harrytrader, Oct 24, 2003.

  1. And now the plunge team protection is more and more openly promoted :p

    http://www.marketwatch.com/News/Sto...4B4-4E81-B523-C20C118A98C9}&siteid=mktw&dist=

    Schultz went on to give the clearest statement I've seen from him of the theory, widespread among investment letters but recently endorsed in a report by France's Credit Agricole bank, that the official sector has been intervening in gold and other financial markets: "They (the so-called Plunge Protection Team) subsidize the U.S. stock market when it sags to a major chart support area, which dare not break least weakened public confidence cause a crash. And they know when gold has risen to an overbought level, so they sell it short. They usually make money maneuvering for their de facto CEO, the U.S. government...They also usually make money on their gold shorts, by buying back after substantial falls. THERE IS NO FREE MARKET. U.S. government prevents markets having healthy adjustments, which correct inefficiencies ..."
     
    #21     Feb 15, 2006