We have on this list someone who knows how to steal money from those who have very little of it. That is akin to alchemy.
As I've clearly explained, every currency transaction requires a willing, profit seeking counterparty. If George Soros (or Buffett, or Gates, or??) makes a billion dollars from a currency position, others cumulatively lost it. (zero sum) If it is claimed (sometimes correctly) that a person can muscle a market in one direction, the person must be accumulating a large position. The person *must* reverse that position to achieve a profit. So the same force in one direction would be applied in the opposite direction. My informal paper on this and other aspects of currency and commodity markets is here: http://www.gold-eagle.com/research/kurtzndx.html Steve _______________________________________________ Futurework mailing list [email protected] https://lists.uwaterloo.ca/mailman/listinfo/futurework
