HID sale within a short period

Gero took a job with commodity brokerage HID after he attended New York University. "1 srarted out as a clerk. My job was to look after job lot orders," Gero says. He would go on to work on the New York Stock Exchange floor.Gero took an aptitude test to become a salesman at HID on sale, but it indicated he was not salesman material and he was moved to the research department. "They did me the greatest favor in the world, because I learned about 2,000 different stock answering wires from all the branch offices as to why this company was up HID sale that one was down. I became an investment manager and within a short period of time I started buying memberships," Gero says. Gero bought a membership in the New York Mercantile Exchange (Nymex) - where he would later serve as a board member for 30 years - for Discount Elsa Peretti in the 1960s. He would buy memberships in all the New York futures exchanges and become an active trader in the Comex metals markets. When gold was once again free to trade in the 1970s, Nymex offered two gold contracts and Comex one. "I traded one of the first gold contracts in December of 1974 and my specialty was gold spreads and trading gold against platinum or gold against silver/' Gero says. "As a dual member, I would run from pit to pit on the exchange floor because I specialized in executing spreads, whereas the average broker did not want to leave his set spot in the ring."

Par lfm1001 le vendredi 08 avril 2011

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