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12 September 2011 |
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Glencore was founded in 1974 by Marc Rich, a living legend in the field of commodities and one of the 100 richest men in the world. His life seems to be the most exciting of a spy novel.
Marc Rich, a fugitive Nazi jew escaped from Europe at the age of seven years, is American with roots in Belgium. It soon became one of the most skilled traders of oil, it was he who during the first world oil shock (1973) invented the oil spot market, hitherto the monopoly of state authorities.
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MARTIN S. SCHWARTZ (BUZZY) |
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03 July 2011 |
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Martin S. Schwartz, known in the stock trade as Buzzy, is a formidable day trader who serves as example to virtually all aspiring stock traders. His first year as an independent stock trader netted him $600,000; he doubled this figure in the following year. Schwartz is quoted as revealing that he used to make about $70,000 per day trading, and on one day he actually netted several million dollars. As his frenetic trading consumed his life, a health related wakeup call forced him to slow down, and he has lived in a self imposed semi retirement and only participates in scaled backed trading from his Florida home.
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MR. COPPER (YASUO HAMANAKA) |
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22 June 2011 |
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Mister Copper, or mister 5%, was the lord of the copper. His reign was the London Metal Exchange (LME) which for years led the dancing.
From Tokyo, Yasuo Hamanaka, 48, moved 5% of the whole copper for sale on the planet. Until one day, he meet George Soros and the gang of American hedge funds and leave the house he worked for Sumitomo, the more big financial hole ever in the history of world markets.
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SOROS, THE MAN WHO DESTROYED THE BANK OF ENGLAND |
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12 November 2010 |
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George Soros has been credited by the magazine Forbes as the twenty-ninth richest person in the world with a net worth estimated at $ 11 billion.
On September 16, 1992 (Black Wednesday), Soros became famous by selling short more than $ 10 billion sterling, taking advantage of the reluctance on the part of the Bank of England is to increase their interest rates to levels comparable with those of other countries (the European Monetary System) is leaving the exchange rate of the floating currency.
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11 November 2010 |
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In the seventies the U.S. economy was characterized, as in Europe, a rising rate of inflation. Hunt's family, one of the richest families in Texas, decided to protect themselves from the proposed devaluation of the dollar. Since U.S. laws prohibiting the possession of gold, the brothers William Herbert and Nelson Bunker Hunt pointed on silver slowly raking the metal sold. In 1973 the price of silver was $ 1.5 an ounce.
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JESSE LAURISTON LIVERMORE |
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28 June 2011 |
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Jesse Lauriston Livermore was an active trader during the famous stock market crashes of 1907 and 1929. He amassed a personal fortune totaling more than $ 100 million in 1929, and just a few short years later lost it all. In the course of his career he lost millions of dollars just as quickly as he earned them. Yet even decades after his suicide, his legacy is much sought after and although some disregard him as merely a stock trader dealing in hype and cashing in at the top, there are others who refer to him as an intuitive and gifted stock market genius.
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18 June 2011 |
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Born October 6, 1942 in Miles City, Montana, a famous trader and technical analyst with a solid reputation in the world of futures trading, managed to get from an initial capital of $ 10,000 the astronomical figure of $ 1.1 million in less than a year, winning in 1987, the Robbins World Cup Championship in Futures Trading, an event covered by the National Futures Association and the Commodity Futures Trading Commission.
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RICHARD DENNIS AND THE TURTLE TRADERS |
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12 November 2010 |
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In the mid-'60s Richard Dennis was a messenger of the Mid America Exchange, where contracts were traded on all major commodities. At that time nobody would have predicted that the boy would become a true legend in the field, thanks to the skill of management out of the ordinary.
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09 November 2010 |
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The bubble of tulips, also called tulipomania, is the first speculative bubble in the history of capitalism. Occurred in Holland in 1600 and is a case study on almost all manuals finance.
The tulips arrived in Holland in 1562 with a cargo arrived from Constantinople and soon became an item of luxury and a status symbol among the middle and upper classes. Across Europe, especially in Holland, were a real fashion that sparked a hunt for the rarest quality.
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