Word: trader
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...matadors would have been needed to quell the stampede of gold bulls, who in five days of frantic trading last week boosted the price to nearly twice as high as it was only 21 months ago and three times as high as 38 months ago. In London, one frazzled trader termed the heated bidding "wild and irrational." It was no less so at the International Monetary Market in Chicago, where a record 31,591 contracts were posted on Thursday. Buyers also rushed for other precious metals. Silver approached $12 per oz., up from $6 at the beginning of the year...
...selecting her Israeli lookalike. About the only hosts unhappy over her tour were some members of the diamond exchange in Tel Aviv, where normally frantic trading halted while the golden girl oohed over a 17-carat diamond worth $1.5 million. "She cost us a lot of money," growled one trader on the exchange...
...Connally candidacy would have been almost unthinkable. But the pendulum of American political preferences seems always swinging, moving from a fear of an imperial leader to a fear of a weak one, from a desire for a moral President to a desire for a shrewd horse trader. So, as Johnson and Nixon begat Carter, now Carter could just conceivably beget John Connaly, if the horse-trading rancher can satisfy skeptical Americans that his steed is white and he will never come home with a spavined and one-eyed...
...dollars and buying gold. In short, they were voting with their money. "We were waiting for an energy program, and the exchange rate reflects the absence of one," commented Leonida Guadenzi, vice president of the Milan Exchange, where the dollar fell sharply against the Italian lira. Added one Milan trader: "When Carter speaks, the dollar plummets...
...faith in paper money, shot up $12.45 in three days and broke the $300-per-oz. barrier. It reached a record $303.85 before settling back slightly at week's end to just below $299. But the decline could well be temporary. Says Hans-Joachim Schreiber, the chief trader of West Germany's Dresdner Bank, which has been the biggest buyer at recent U.S. Treasury gold auctions: "There are no forces working to depress the gold price...