How I Made $1,000,000 Dollars Last Year Trading Commodities by Larry Williams

How I Made $1,000,000 Dollars Last Year Trading Commodities



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How I Made $1,000,000 Dollars Last Year Trading Commodities Larry Williams ebook
Format: pdf
ISBN: 9780930233105
Page: 130
Publisher: Windsor Books


The idea behind But "trees don't grow to the sky," as they say - and even the precious metals commodities have shown their true colors the last two years, with gold down -27% from its high and Silver down -55%! Traditionally they have been very secretive—it was their intelligence about commodity market opportunities that made them more profitable. But a group investing in oil fields, mines and refineries will have to tie up many millions of dollars of capital for long periods—perhaps 20 or 30 years. But being on the wrong side of the trade isn't the only problem with commodity ETFs. Powerful firms like Goldman Sachs have made hundreds of millions of dollars in food future trades. The latest price spike was one of the key factors They argue that the amount of speculative money is too big in proportion to the physical inventories of the commodities. He claims that late last year a series of purportedly confidential meetings with Comex induced his client to roll forward his silver contracts, instead of taking delivery. The FAO's Food Price Index, which baskets prices for five prime food commodities, peaked in 2008 and 2011, each time rising more than 50 percent from the previous year. Twenty years ago, there were typically 15–20 traders in each commodity, whereas today there are around 15 large houses globally trading across a range of commodities. In the treacherous world of commodity trading, the alarm has long and often been sounded: "The foxes are guarding the chicken coop." To this If it hadn't been for a quick $80-million capital infusion from its parent company, Continental Grain Co., Conti would have gone bankrupt by Silver Thursday. The federal government is playing cheerleader for pollution trading as well. Investor dollars lined up by the billions seeking commodity exposure, and financial engineers responded by providing a retail option for the masses - commodity ETFs.





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