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fyi Worst Case Scenario: Late April 1987 Silver Plunge (4/28/87 ~ -35% 1-Day Loss)
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<p>[QUOTE="Juan Blanco, post: 1607628, member: 41665"]This has to win an award for <i>the most disinformative reply </i>on CT. What total rubbish.</p><p><br /></p><p>1) Jesse Livermore was a stock trader; he didn't trade Gold. It's a fabrication to suggest otherwise. Anyone who reads <i>Reminiscences of a Stock Operator </i>can see this for himself. </p><p>Your digression is otherwise off-topic, misleading: Gold and Equities are NOT the same. Period.</p><p>2) "... most of his career"?? Gold was Money his entire LIFE and trading career. He died in 1940.</p><p>3) Had Livermore traded Gold "later in life" Gold-Bugs who quote him often would regurgitate that ad nauseum. The silence, instead, is deafening. </p><p>4) Livermore's purported prowess <i>with stocks</i> is of zero utility to retail and amateur ebayers of bullion, and you know nothing about "liquidity in that market" either. </p><p><br /></p><p>It's true Livermore said he preferred trading commodities (no suggestion of PMs) but evidence of is thin. One might imagine he dabbled in grain c.1917; that wasn't as with stocks:</p><p><br /></p><p><br /></p><p>btw Livermore was bankrupt <i>by 1934</i> so NO, he didn't profit in pre-War II commodities action 'later in life' (1936-40) either. Anyone's imagination notwithstanding.[/QUOTE]</p><p><br /></p>
[QUOTE="Juan Blanco, post: 1607628, member: 41665"]This has to win an award for [I]the most disinformative reply [/I]on CT. What total rubbish. 1) Jesse Livermore was a stock trader; he didn't trade Gold. It's a fabrication to suggest otherwise. Anyone who reads [I]Reminiscences of a Stock Operator [/I]can see this for himself. Your digression is otherwise off-topic, misleading: Gold and Equities are NOT the same. Period. 2) "... most of his career"?? Gold was Money his entire LIFE and trading career. He died in 1940. 3) Had Livermore traded Gold "later in life" Gold-Bugs who quote him often would regurgitate that ad nauseum. The silence, instead, is deafening. 4) Livermore's purported prowess [I]with stocks[/I] is of zero utility to retail and amateur ebayers of bullion, and you know nothing about "liquidity in that market" either. It's true Livermore said he preferred trading commodities (no suggestion of PMs) but evidence of is thin. One might imagine he dabbled in grain c.1917; that wasn't as with stocks: btw Livermore was bankrupt [I]by 1934[/I] so NO, he didn't profit in pre-War II commodities action 'later in life' (1936-40) either. Anyone's imagination notwithstanding.[/QUOTE]
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fyi Worst Case Scenario: Late April 1987 Silver Plunge (4/28/87 ~ -35% 1-Day Loss)
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