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Entered at 7.22. Set stop at 7.05. Remains to be seen if the glut would overpower the usual seasonal rise in the late-Feb to early April timeframe.

I don't take it the wrong way. I don't even have an account that would allow me to buy pit contracts. I just want to learn.

Copper looks to be in backwardation. What do you think of shorting the near-by contract and go long a longer-dated contract?

I bought 500 Silver Eagles last week -- i tell you -- it's a bear to carry 500oz of coins -- the postman was asking me what the heck was in the package. I of course lied that it was an auto body part. Anyway, buying that many silver eagles-- that's probably either the most idiotic thing I...

Profturf / Vic: This is hilarious! Apparently you're outed (sort of). Seriously, I enjoyed your book -- Practical Speuclator -- though some of the sports analogies to trading went over my head, and so did some of the werider coorelation between markets and non-market stuff.

Jimbo suing Refco with "wrongfully and fraudulently'' handling $362 million of their assets, according to theStreet.com http://www.thestreet.com/_googlen/markets/hedgefunds/10249291.html?cm_ven=GOOGLEN&cm_cat=FREE&cm_ite=NA Seems to me to be another crack in the supposed firewall of...

This thing just get better and better!! See latest revelation about the origination of the $430MM bad debt. http://online.wsj.com/article/SB112986306329075408.html?mod=home_whats_news_us

So here is the disaster scenario for Jimbo Rogers: Jimmy Beeland Rogers (the "investment biker") 's commodity futures index funds are now in limbo -- they are not allowing people to withdraw the funds because all the collateral backing the Rogers commodity index futures are now frozen in...

Here's an intermission between the various back and forth bickering about "sanctity" of "Refco LLC": Apparently Jimmy Roger's commodity index funds have stopped allowing redemptions -- due to the fact that the collateral backing the commodity index futures (to the tune of more than $300MM...

I may have mentioned that I actually set up a Refco futures trading account, but before I was able to wire money into the account, the whole Bennett mess exploded into public view, so I ended up not sending any money in. I guess you could say I dodged a _potential_ bullet -- potential because...

Btw, the Austrian bank is called Bawag, and the Austrian vice chancellor is calling for the nation's central bank to investigate the chummy relationship between it and Refco. It is my opinion that the financial world is underestimating the world-wide potential chain reaction from the refco...

I will let you guys make up your own minds about this WSJ article. But wait...what the heck, I'm not gonna wait....here's the gist -- Basically, some of the accounts holders in _REFCO LLC_ -- the regulated futures arm (as a lot of us has been so patronizingly educated about the distinction) are...

A lot is made of the fact that Bennett repaid the $430MM debt-- "so what is the big deal?" Has it occurred to anyone that Bennett actually pledged his Refco common stock holdings to obtain that loan (from some bank in Austria)-- common stock securities & wealth that he would have NEVER gotten...

Does anybody trade futures in the London Metals Exchange? Any idea which brokers in the U.S. offers LME trading?

Btw, one wonders aforementioned sucker bank had any idea of the goings on at Refco when it decides to make a $430MM "secured" loan to Bennett

Magin call coming? According to WSJ, the source of the $430MM that Bennett repaid to Refco was a loan he took out using his refco shares as collateral. Let's do some math, shall we? Bennett owns 34% of refco. As of the end of trading yesterday, Refco's market cap is 1.38B according to...

Latest news is that a hedge fund helped the refco ex-ceo hid the receivables. This is looking juicier and juicier.

If you see one ugly scandal, there might be a few more lucking behind those inaccurate financial statements. I just opened an account w/ Refco, but fortunately I haven't sent in any cash. I think I will hold off wiring my money to fund the account until things clear up a bit. A refco rep...

Has anyone trade/invested in the new GSCI ETF in Europe? It is not available in the US, but is traded on the Swiss and German exchanges. I came acros this thing by googling "commodities ETF"...