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Uh...doesn't take a genius to know that some of that 14 million pounds of claimed expenses were bogus. I mean even if he went to the strip club twice a day, he couldn't have blown that much cash in a year.

A couple of comments: 1) Oh, he is definitely "toast": He's in huge trouble with the UK taxing authorities, let alone the CFTC. 2) How successful would Nav be if the CME effectively stopped spoofing thru modifications of their order matching engine ?

What surprises me is that the CME hasn't taken action to limit spoofing: limit on cancels, charge for cancels, minimum duration on orders, etc. I mean there are just so many ways to handle this, yet nothing was ever done. No wonder the CME has been so quiet about this incident. This is really...

re: "Surely this is bullshit. My guess would be big guns punishing small guy as an example. message is don't fish in our part of the pond.." This is so easily remedied by the exchanges: charge for cancellation orders or throttle them or put a timer on the original order to prevent cancellation...

Interesting article. Re: "using commercially available software".... I wonder on what platform and which broker he was placing his orders ?

Can someone tell me the significance of the 188 or 289 ? How were those lot sizes determined ? Why not 187 or 290 or.....whatever.

RE: "£14m of administrative expenses and costs including a £2m outflow on an unnamed capital expenditure item." I wonder how much of this was for strippers, hookers, and lap dances ?

Now obsolete. Unsure if they sold their technology to spiketrade.com or what ?

Yep, this could happen....until the producers go out of business. Can you fathom Rio Tinto filing bankruptcy ?

Does anyone know of software available that will: 1) allow the addition and updates to a formal trading strategy that documents loss limits, and position sizing rules. 2) tracks all trades for each day with an annotated chart and a P&L summary/recap for the trading day 3) graphs daily P&L for...

Wowzer. We are now way below the cost of production. Meaning: this trend can't last.

Hedging is hugely different than speculating.

Wow, the April-June spread has been moving....now down to 7 cents !! This definitely indicates a major change in sentiment.

http://www.agcenter.com/newcattlereport.aspx Limit down today boys.....this was predictable, no ?

April / June spread has widened to nearly 8 cents !!!

We're going back up a bit.....April/June long spread appears to be working.

Well, the front months held the 160 level....so that can be construed as bullish. I think we go down pretty hard if that level breaks.

Big move down today. Deflation theme appears to be hitting all commodities.

http://www.marketwatch.com/story/ignore-copper-and-mind-the-swiss-as-jobs-bring-focus-back-to-the-us-2014-12-05?link=MW_home_latest_news Copper is on traders minds as well as the Shanghai stock index. What's up with that ? This whole notion of a huge Chinese recovery seems phony to me.

I think that the Apr-Jun spread is more interesting....with the play being long Apr, short Jun.