DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Celente going crazy about his lost "investment".

**Kinds Of Pain Meds** · 11-28-2011, 11:27 AM

When Celente says he's building the account, he probably started with 10% and had a few contracts finish in the money, so he rolled them over for a nice profit and left it in the account. He may have taken more contracts as he built the account, to increase his leverage. To take delivery you have to have 100% of the cash. If he was taking delivery in December on a 100-oz contract, he would need $170,000.

11-28-2011, 11:27 AM	#15
Kinds Of Pain Meds Join Date Oct 2005 Posts 436 Senior Member	When Celente says he's building the account, he probably started with 10% and had a few contracts finish in the money, so he rolled them over for a nice profit and left it in the account. He may have taken more contracts as he built the account, to increase his leverage. To take delivery you have to have 100% of the cash. If he was taking delivery in December on a 100-oz contract, he would need $170,000.
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