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.
There is plenty of room for talented traders. Step up and own your piece.
Read MoreLegendary trading coach Ari Kiev has died. Trained as a psychiatrist, he wrote several books on psychology and trading. One of them, Trading to Win, is a must read.
I am grateful for his work.
Read MoreNew article at Huffington Post based on conversation with Duff McDonald about his book Last Man Standing.
Read More“The ups and downs in the prices of industrial metals since the beginning of 2008 have reflected the fluctuating fortunes of the world economy. The copper price, which peaked in April 2008, had fallen by over two-thirds from that high by December 30th last year, when it hit bottom. The price of nickel fell by a whopping 72.3% from peak to trough. Prices have recovered as growth has returned to most rich countries. Copper is now selling for more than it did at the beginning of last year. The price of zinc has doubled from its low point last December, though it is still 2.9% cheaper than it was at the start of 2008. The nickel price has risen by nearly two-thirds in the year to November 24th.”
Read it again with the italics (which are of course mine). It occurs to me that as a trend-follower, many of the words in the English lexicon are no longer useful: in fact, their usage instills bias.
How much did you lose out on making if you bought and held any of these metals? Assume 10% margin rates. You can get a pretty good idea.
Volatility is not something to be shaken from. Use smaller positions or options, but don’t miss out on big moves up or down. You’re leaving too many opportunities transpire without earning your rightful share.
Read MoreI’ve heard of watering down the gasoline, but this is a new one.
There are two types of coffee that trade. The one you probably trade is the arabica type and it’s probably the same type you drink. These roasts are found at Peet’s and other coffee joints like Star-yucks.
The robusta makes it’s way into instant coffee, canned coffee, and the sludge you drink at a diner for example. IMHO, it doesn’t have much taste.
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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.”
Google is trying very hard NOT to be evil.
March 10 2010
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
