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 investigates why certain traders become great and why others blow up. Be prepared to journal extensively and learn about your strengths and weaknesses.
Financial Times reporter Stacy-Marie Ishmael interviews Michael Martin regarding OTC derivatives reform and trader compensation at the Milken Global Conference in Beverly Hills, April 28, 2010.
I think Stacy-Marie Ishmael is one of the most refreshing voices in financial journalism. I humbly suggest you follow her work.
Stacy-Marie Ishmael on Twitter
Watch her at the Milken Global Conference in Beverly Hills
Online News: The Frontier of Financial Journalism
Do Our Financial Models Still Work?
Read her at the Financial Times/Alphaville
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Cocoa prices have rallied substantially since I wrote How To Marry Fundamental and Technical Analysis in Cocoa.
Besides the spreads, I noted that there was a 1-2-3 Trend Reversal underway in Cocoa. Every trader wants to pick a bottom to go long. While I understand that to be emotionally appealing, you can lose a ton by getting cute. You can see in the FutureSource chart, by following the rules, that the financial rewards can be worthwhile if you can be patient. Let the market activity unfold and act accordingly.
FutureSource Cocoa Settlement prices as of April 27:
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When you compare Cocoa settlement prices from April 1 to April 27, you see that the spreads between contract months have come in also – they’ve narrowed.
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If the demand for cocoa rises enough, you may see the market for cocoa change from what’s known as a carry-charge market (aka contango) to an inverted or market in backwardation. That means that the front months will be higher in price than each successive month.
The significance is that backwarded markets demand immediate delivery of existing production as fast as possible. In contrast, carry charge markets suggest storage.
The 1-2-3 Trend Reversal rules were first delineated in Methods of a Wall St. Master, by Victor Sperandeo. The rules are not particular to Cocoa and can be applied to any market.
Read MoreGermany should not set the precedent of funding the PIIGS.
Read MoreI’ll be at the Milken Global Conference this week and I have some great interviews lined up.
You can follow me on Twitter or send me questions @Martin_Kronicle. The hashtag is #gc2010.
Here is a detailed program of the speakers and topics for the 2010 Milken Global Conference.
Read MoreShare A reader asked to interview me about 6 months ago. I didn’t see the benefit at the time, but I get enough questions that I thought I might give it a go. The interviewer is a reader of MartinKronicle and he did a great job for someone with no experience. His name is Gavin [...]
Bellafiore offers us a rare look inside a prop trading firm and its exclusive training program.
On one hand we need large urban centers to begin aggressively conserving water, while on the other hand hundreds of millions of people in India and China who are just getting running water for the first time in centuries.
The President, House, and Senate collectively could not come up with a National Energy Policy if their offices depended on it.
Share Here’s the scene. You’re in the interior of a large, and loud institutional brokerage firm. It’s utter mayhem and organized chaos, with paper flying and Institutional salespeople shouting over one another and at each other. One of the Administrative Assistants picks up a call and shouts… “Call for you Buddy. Pickup line 2…” “Bud [...]
Both the terms “stock operator” and “speculator” are outdated. There is so much more that goes on to prepare when you are a professional prop trader.
September 01 2010
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August 27 2010
You are responsible for your own decisions. No sense of entitlement. No one owes you anything. Own your own shit.
August 22 2010
Everyone needs a mentor.
August 16 2010
Treasuries are for trading, not owning. In order to combat hyperinflation, own precious metals.
August 03 2010
