They do this almost every single day now. These kind of things didn’t happen years ago. Markets were largely legitimate, but today they no longer represent reality..."
Tuesday, October 22, 2013
Collapsing Global Financial System Now In A Terminal State
"All of the new financial innovations, the high frequency trading, the algorithm programs, none of this existed when I was much younger. And yet it has had an astounding short-term impact on markets. Almost without fail, at 3 AM in the morning (east coast), when the London traders report to work, gold gets hammered.
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