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China's "seriously considering" shifting some of its reserves into gold, this article is from Hong Kong's paper: http://jessescrossroadscafe.blogspot.com/2008/11/china-to-shift-reserves-into.html

When I looked into leasing, it seemed that if you lease, the IRS then considers you a professional trader, and you need to file taxes that way. Even though the seat would save me commissions, it wouldn't make the self-employment taxes worth it. Please correct me if I'm wrong here. It was a...

Actually, in Argentina, I think things did get somewhat ugly, it wasn't all-out war, but crime increased. This post from a guy in Argentina detailing what did happen from a personal perspective and what did help was very enlightening and useful: http://www.peakoil.com/fortopic14183.html

I was watching the action the whole time on Friday had a bunch of stuff up I was watching, but the most interesting was the ES quotes vs the S&P cash index. Pretty obvious they were trying to use the futures to push up the index and were running into some trouble (the price differential they...

fair value - what the cash index closed at

Exactly what I think. All countries are wanting that right now. Market wants it, too.

I would close your position if there's a pullback tomorrow. I'm almost certain the market is going to use this rally to go ahead and touch some of the points for max pain for options expiration. 105.00 & 110.00 right now are those points for SPY. After that, look out below. It'll be a wild...

I was wondering what the best trading simulator is from those who've used them? I'd like to replay real days. Also, when you use the IB simulator is it anything like a real day? I want to test out a new way of manually trading on very short time frames, but would like to use as close to...

I wouldn't buy MSFT at all. I'd definitely buy INTC when you think it's bottomed, maybe tomorrow sometime, at this point I think I'd wait until I see panic selling to call any kind of bottom, we're so close to that happening. Then, sell after we get a rally from a bounce from that panic...

I think the winners are other countries right now that have reserves of dollars. Our heavy importing and light exporting is finally having its effects. It's not really destruction of wealth, it's just a shift. We are all "world citizens" and should feel so "patriotic" that we are spreading...

The only thing I can remotely convince myself to buy and hold right now is commodities there's no way around the world needing like rice and wheat or just going and buying some land. I'm not even sure those are the best ideas, cash might be best. I might miss a bounce, but I don't really care.

It's interesting to look back at history and take note of all of the things Hoover and FDR did that were intentionally inflationary and then read FDR's fireside chat about how inflation was such a problem for the common American (I think that year it ran about 15%). Bernanke's doing all he...

Acqua, sadly enough you're describing the situation for the support to hold (except for the first two lines of your post). If credit picks up again and inflation takes off, that will save the market, IMO. The crash would have been pushed off to the dollar at that point (and might not come as a...

I got your PM, guess I'll just reply here. I think this is probably a pretty complete list: http://etf.stock-encyclopedia.com/category/agriculture-crop-price-etfs.html The cotton ETF is available on IB, it's at the LSE (London stock exchange). I've never bought a stock that is denominated...

On the chart, it seems that from 90-80 the short-term speculators drove it up, nothing but air supported it and they had to get out before they got a deliverable. Then, you had long-term speculators still in it, long-term they can only support a price twice as high as the people who are...

A spread is probably a good idea. I definitely need to research the prices of the options. Just trying to get a feel for the prices right now. I've only dabbled in the ag futures before and it was years ago, but scanning through the charts, cotton just seems to be cheap.

Compulsive, yeah, I was thinking of just rolling the position, although there would be some loss with that I know. You're right, no need to catch a falling knife, I should wait to 30 or at least until I see it bouncing some. There's also an ETF on the English exchange I was going to see if...

Anyone here trade cotton? It's price is back to where it was in 2002 (and looking at even further back than that, I can't find a much cheaper price). How much downside is left in it? Thinking about putting on a longer-term trade.

traderTX, so you're saying you're not farming the land anymore after this year? Isn't that long-term bullish? Some of these commodities at these prices are tempting me for long-term.

Probably depends partly on how much they fudge the numbers. We're already over 10% by some ways of looking at it. If Obama extends unemployment benefits and they go by how many people are drawing benefits, then the reported # of unemployed will be higher just because of that. I think it's...