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Commodity Market News
One thing that stands out to me is the flow of commodity
news we traded on. This has to be the most confusing way
to trade. I would sometimes stay on the phone for an
hour as he gave me the results of the trade. Just like a
horse race. One day I went short cattle futures because
of some oversupply report on his noisy little real-time
mechanical commodity ticker machine. I could always hear
it rapping in the background.
Commodity Gold Market News
I had no idea, but at the time sugar was in a major bull
market trading at around 11 cents and destined to reach
45 cents later in the year. Gold, silver and copper were
also making new highs. Bunker Hunt was cornering silver
on its way to $50 an ounce. Gold was destined to hit
$800. Anyway, this kid from Boston was on fire and told
me I was missing the opportunity of a lifetime in sugar
futures contracts. He wanted to mail me some hot news
off the commodity news wire. He was looking for a
$15,000 stake; a lot of money in the late 70's. He said
he would buy me four futures contracts of sugar. I
didn't know anything about commodities at this point,
but told him to send over the info anyway.
Commodity Market Position News
Search the internet, newspapers and listen to the TV for
NEWS and reasons to enter, support or exit your
commodity market position.
Have you ever heard the media report a story in which
you're an expert? Have you seen how misinformed they
usually are and their reasons behind why things happen?
I happen to have a strong background in astronomy and
electronics news media. I can't begin to tell you how
lame the media is when they start ad-libbing with their
own opinions on these subjects.
Reliable Commodity Market Future News
Even the "experts" give bogus information sometimes. How
about the reasons the media gives daily news for a stock
market rally or decline? It's comical. "The decline was
because of profit taking." Really? How about the people
taking losses and liquidating? Or, "It was a technical
rally". What in the world does this mean? Are the other
days "fundamental" rallies? There are many commodity
trading train wrecks I could tell you about caused by
futures and options traders depending on the news for
trading decisions.
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