Mr. H.
Diamond Member
I was going to post this in one of the numerous threads on oil pricing, but it's just too good to be buried among the inane ramblings...
Special report: What really triggered oil's greatest rout - Yahoo! News
The Soros name is used frequently.
Random clips:
Never before had crude oil plummeted so deeply during the course of a day.
In interviews with more than two dozen fund managers, bankers and traders, no clear cause emerged for the plunge in price. Market players were unable to identify any single bank or fund orchestrating a massive sale to liquidate positions, not even an errant trade that triggered panic selling, as seen in the equities flash crash last May.
On Wednesday, the Wall Street Journal had reported the Soros Fund was selling commodities including silver, and four sources from other hedge funds told Reuters they believed Soros was busy selling commodities positions again on Thursday.
Investors have been using the super-cheap money to buy into commodity markets.
Special report: What really triggered oil's greatest rout - Yahoo! News
The Soros name is used frequently.
Random clips:
Never before had crude oil plummeted so deeply during the course of a day.
In interviews with more than two dozen fund managers, bankers and traders, no clear cause emerged for the plunge in price. Market players were unable to identify any single bank or fund orchestrating a massive sale to liquidate positions, not even an errant trade that triggered panic selling, as seen in the equities flash crash last May.
On Wednesday, the Wall Street Journal had reported the Soros Fund was selling commodities including silver, and four sources from other hedge funds told Reuters they believed Soros was busy selling commodities positions again on Thursday.
Investors have been using the super-cheap money to buy into commodity markets.