Replies

So, don't trade PMs in the forex mkts. This provision, if I understand correctly, ONLY applies to the forex mkts, not to cash (i.e. buy physicals and keep) gold and silver.

Trade the futures. CME Group have a nice little mini-gold contract that is very liquid. Also a 1000 oz. silver contract. Much better leverage AND no need for paranoia unless one happens to believe that CME and CME clearing are somehow about to go tapioca (which belief I will cheerfully fade, if you fancy losing money).

Why trade metals in the forex mkts at all? Sheesh.

“CME clearing are somehow about to go tapioca...”

I’ve read a ton of financial press but never heard of the tapioca gambit.

Please explain.

81 posted on 06/18/2011 5:03:25 PM PDT by sergeantdave (The democrat party is a seditious organization that must be outlawed)

126 posted on 06/19/2011 4:26:30 AM PDT by RockinRight (Cain/Bachmann, Bachmann/Rubio, or, if you really want some fun, Cain/McCotter in 2012!)