• In London, the center of the European industrial trading world, there was a growing awareness of the creeping power of the 1984 Ronald Reagan dollar, which was gaining fiscal strength .
• Traders were wining and dining new bankers and investors; the metal men were out in full force for the next hot metal that could bring life back into the market.
• London was the center of the metal trading world and because of its geographic position could buy metal for one dollar from a Far Eastern customer and sell it for two dollars to a North American customer before the day ended.
• Metal men never lost because they played both sides of the market: they were both buyers and sellers depending on the ups and downs of the market.
• Only nine of the forty sought-after metals were traded openly; the others, many originating from Africa, were traded under the...
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