This course is a broad overview and discussion of the salient subject areas that one will need to navigate to fully understand the commodity space.
Students will be introduced to what makes each of the commodity sectors tick from an international economic standpoint.
This course sets the record straight about what is a predictive indicator and what is a lagging indicator in the commodity markets.
This course discusses the successes and failures of some of the greatest traders and what the psychological issues were at the time.
The famous shot of Paul Tudor Jones in his office mentioned in Part 2. Notice the sign behind him, “losers average losers.” It means, Losers (unsuccessful traders) average “down” their losing trades by buying more of something they already own at a higher price, thus, creating a lower average cost. It is a quick way to lose a lot of money. A Trend Follower (would leave his/her ego out of it), admit they’re wrong, and get out – thereby minimizing losses. Tudor Jones is Founder of Robin Hood Foundation.
...and may their first child be a masculine child...
Barry is a trader. He speaks like a trader. He’s flexible, affable, and no-nonsense. He speaks with 100% candor which is refreshing, and also shows IMHO that he has a lot of integrity.
Links to Barry’s sites:
Barry and I appear briefly in a new documentary film to be released in the next week or so. Sign up for email updates to get more information about the movie and its release.
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Read MoreAccording to Newsweek, Canadian economist Jeff Rubin “has a somewhat oracular reputation.” Oracular – in this context, means that you have to sit up straight and listen closely to what Rubin has to say.
Since 2000, he has predicted a massive oil-price spike, and he was among the first in 2007 to prophesy that oil would soar over $100 per barrel (a few months later, he said $150 a barrel and was basically proved right again). Now, even though oil has dropped considerably from its peak, Rubin warns that it’s bound to skyrocket once more and cause another, even greater economic crisis.
Elaine Garzarelli predicted the crash in ‘87 and was touted as a guru. She hasn’t predicted much since, and when she did, she was wrong.
Marty Zweig made such predictions about the ‘87 crash also. He was a bear throughout the raging bull market of the 90s as the market was going parabolic. In fairness, he got ripped off. He wasn’t right even under the “broken clock is right twice a day” manner.
Warren Buffett can’t trade to save his ass, but he’s sure as hell rich – and oracular. Luck has been his dance partner more times than his prescience, yet everyone still wants to believe there is a guru. He’s lost on currency, commodity, and stock index trades. He talks out of both sides of his mouth about OTC derivatives, yet the “faithful” only hear what they want to hear.
Which brings me back to Rubin. If you’re of the faithful in this case, trade with protective stops. Be proactive and trade in and out of risk. Don’t let some alleged oracle’s headlines or sound bites determine your risk management system.
Read MoreSeems a group of scientists have figured out what the casinos in AC and Vegas have known all along:
“Not only have we seen that our rats will gamble, but we’ve also been able to modulate that behaviour,” lead author Catharine Winstanley from the University of British Columbia told BBC News.
You can read a great scientific study on human behaviour by Jonah Lehrer called How We Decide. Probably the best book I’ve read since Market Wizards.
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My mentor and I speak about Gold, commodity bubbles, Bernanke, Geithner, and I get him to answer a reader question about Market Timing.
Jeremy Siegel is still talking his book, literally.
Victor Sperandeo: Ben Bernanke never owned a future contract in his life. He might own a mutual fund, but my guess is he doesn’t know what’s in it.
Podcast with Daniel Amman.
“The price of gold is a referendum on the quantity and quality of paper money.”
George Soros called gold the “ultimate asset bubble,” but he didn’t say when it would occur. Then he quadrupled his initial stake.
March 09 2010
Gold’s quantity cannot be increased at the same rate as you can print money.
March 08 2010
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Funny or Die’s Presidential Reunion from Will Ferrell
March 03 2010
Victor Sperandeo says that US savers are taxed at 100% rate by leaving their funds on deposit.
March 02 2010
Along with Greenspan and Robert Rubin, Obama’s current Economic team of Summers and Geithner created the economic maelstrom the US is in. They will revert to politics before practicality.
February 28 2010
