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General Chat About Trading Commodities, Anyone?


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#1 BioRat

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Posted 20 March 2009 - 08:41 AM

Hi everyone (that shows up here)

Does anyone trade in commodities?

If so. What would you like to say?

BioRat

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#2 Andrew

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Posted 21 March 2009 - 02:31 PM

Commodities? Like gold and Frozen Concentrated Orange Juice and such? Nope.

Edited by Amazing Andrew, 21 March 2009 - 02:31 PM.


#3 MishY

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Posted 21 March 2009 - 04:45 PM

Pork bellies are looking good now, I would stay away from corn and soybeans for awhile though.

#4 Andrew

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Posted 21 March 2009 - 05:17 PM

mmmm.... pork bellies Posted Image

#5 patbox

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Posted 24 March 2009 - 02:20 PM

mmmm.... pork bellies Posted Image


Such stuff is seriously sold on the markets.
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#6 patbox

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Posted 24 March 2009 - 02:21 PM

Hi everyone (that shows up here)

Does anyone trade in commodities?

If so. What would you like to say?

BioRat


Thanks for the question. I would like to jump into commodities trading. Commodities are starting to look good now.

Could you recommend some trading platform for commodities?
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#7 Guest_fuzzywuzzy6_*

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Posted 25 March 2009 - 09:06 PM

Before trading in any commodities, I suggest you read the last few chapters of Buddenbrooks by Thomas Mann. A good man is destroyed, disintegrating during the course of a very long novel, because of his investments in commodities.

Also, do you remember the silver commodities fiasco of a decade or so ago? The Hunt brothers of Texas oil family fame, took quite a bath. Also, many others.

If you wish to invest in commodities, which my corporations profession, Dr. Wharton (really!) said it was the worst form of gambling in investments a person could make. He didn't think much of Wall Street either. And he was no liberal.

Sorry to rain on your parade, or dash your dreams of quick wealth, or whatever, but if you want to invest in commodities, invest in something like a small agribusiness, genuine organic or heirloom farm. At least you would have a legitimate tax shelter for a few years, and there are not very many of those.

#8 patbox

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Posted 25 March 2009 - 09:34 PM

There is always some pregedis against trading in commodities. That is because trading commodities = trading futures. And futures are usually highly leveraged and you can loose much more than you actually invest.

However, if you don't leverage you can not loose all your investment. That is because gallon of oil can never cost 0, while stocks can go to zero.

I usually tend to like options and warrants to limit my exposure and play a safe game. In turn I recommend the book by Jim Rogers: Hot Commodities.
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