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.
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Jim Rogers
Jim Rogers speaks with Michael Martin about the bailouts, Ch-India, oil, and hyperinflation. His book, A Gift to My Children: A Father’s Lessons for Life and Investing was released on April 28.
Continue Reading...As was reported on CNN, it is rare for Iran’s political leaders to publicly attack each other. But the elections this year have taken an energetic turn. Last week, Iranians watched a series of live televised presidential debates. How Iran has Presidential debates and India, the worlds largest Democracy doesn’t, is beyond me.
The unprecedented drama that has gripped Iran on the eve of its national election on June 12 continued yesterday. This time, one of Iran’s senior-most politicians accused hardline President Mahmoud Ahmadinejad of “lies and distortions.”
We reported during MartinKronicle TV Episode 3 that Ahmadinejad might be toast if former President Akbar Hashemi Rafsanjani decided to step out and campaign against him. Yesterday, Rafsanjani said Ahmadinejad’s “baseless and irresponsible” statements brought back “bitter memories” of anti-revolutionary groups in the aftermath of Iran’s 1979 Islamic revolution.
Rafsanjani has a moderate stance towards the West. Things are rotten in the state of Iran, if you’re Ahmadeinejad…
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Linda Bradford Raschke speaks with Michael Martin in advance of her lecture on trading in Pasadena on Saturday, June 6, 2009.
Linda is the President of LBR Group.
Continue Reading...60 Minutes re-aired a great segment called “Your Bank Has Failed: What Happens Next?” on the Federal Deposit Insurance Company (FDIC) and what goes on behind the scenes when a troubled bank is taken over by FDIC. IMHO, what they showed was impressive. Kudos to Scott Pelley.
The FDIC was created under the Banking Act of 1933, better known as the Glass-Steagall Act (the second one). It was not part of the Gramm-Leach-Bliley Act, signed by President Clinton, which repealed Glass-Steagall. (Although unrelated to this article, the repealing of Glass-Steagall is the reason why the United States is in the financial mess we are in right now.)
The securities industry has something similar called the Security Investors Protection Corporation (SIPC). The SIPC gets involved when a Broker / Dealer becomes insolvent. On their website, they say “When a brokerage firm fails owing customers cash and securities that are missing from customer accounts, SIPC usually asks a federal court to appoint a trustee to liquidate the firm and protect its customers.”
SIPC insurance covers up to $500,000 per separate customer, of which $100,000 can be cash. So if you have a $500,000 account with $350,000 in securities and $150,000 in cash, you are covered up to $450,000 in this case: $350,000 in securities and $100,000 in cash. You will become a General Creditor for the $50,000 not covered in cash.
But only cash is cash. Money Market Funds are mutual funds with a set Net Asset Value of $1 per share. Those are considered securities.
You can think of “per separate customer” to mean per separate account title. Michael Martin is a customer. Michael Martin IRA is another customer. MartinKronicle.com is yet another. Yet all three could hypothetically be controlled by one person (me).
The SIPC does not cover commodity futures contracts nor currency. Neither are exempt securities such as Limited Partnerships nor Fixed Annuity Contracts. These are not registered under the ’33 Act (The Securities Act of 1933, slangly known as the Prospectus Act).
The SIPC was founded by an act of Congress called the Security Investor Protection Act of 1970. It is a non-profit, non-government, member corporation. SIPC is funded by member Broker / Dealers who pay premiums based upon their size.
Coverage limits will decline for some accounts in 2014.
Continue Reading...Share 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
