To trade forex, gold, commodities, the stock market, and futures you need to be aware of how international strategic motivations affect market sentiment. Prices are driven by "groupthink" perceptions of the unknowable future. News is incomplete or manipulated. We try here to penetrate beneath the spin to understand how strategic interests, international politics, and strategic mistakes affect future sentiment, to forecast price trends.
MF Global failed because a 50% bond "haircut" they suffered was deemed not to be a default, so their credit default swap (CDS) insurance against default did not deliver the promised cover, even though the issuers kept the premium.
Apparent cover proved non existent, according to Jim Sinclair.