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Commodities trader bets on metals rally despite volatility
Marjorie Heidsieck, a top NY broker, bought 70 gold silver and platinum futures for clients then saw them rise to about 550000 from 200000. She pins gains on expected heavy money printing by the Fed and predicts gold reaching 650 in 1983, with silver rising to 18 20 and platinum matching gold gains. She runs Macro International Group client base and Rosebud Fund, and notes risks from Russian gold sales and possible Treasury sales.
MENTIONED IN THIS ARTICLE
Marjorie Heidsieck
Heidsieck
New York
Macro International Group
Rosebud Commodity Futures Fund
Fed
Santa Claus
Heideck
OPEC