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Learned the other day about the 'Hunt Brothers' attempts to do something similar in the silver markets: https://en.wikipedia.org/wiki/Silver_Thursday https://e
by gilleain 2y ago
Learned the other day about the 'Hunt Brothers' attempts to do something similar in the silver markets:
https://en.wikipedia.org/wiki/Silver_Thursday https://en.wikipedia.org/wiki/Silver_Thursday
> The brothers were estimated to hold one-third of the entire world supply of silver not held by governments.
It did not go well for them in the end, of course.
- chongli 2y agoAnother pair of traders, Sam Siegel and Vincent Kosuga, had more success cornering the onion futures market [1]. It caused such a crisis in the price of onions (and significant onion spoilage) that Congress passed a law specifically banning the trade of onion futures contracts. One of the most bizarre trading stories and regulatory actions I’ve ever seen! [1] https://en.wikipedia.org/wiki/Onion_Futures_Act?wprov=sfti1# https://en.wikipedia.org/wiki/Onion_Futures_Act?wprov=sfti1#