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Yeah right! It has no utility as long as intrinsically worthless fiat currencies hold their relative value. When they don't, it does. Regards, Dr. Zhivodka

If you're worried about such a small difference in relative margin requirements you're probably undercapitalized. Tighter spreads and depth of market in the biggie will decrease your transaction costs and should more than make up for any perceived margin disadvantage. Regards, Dr. Zhivodka

Yeah but it's only 1/3 the size of the big contract. So unless your broker is charging more than $9 for the COMEX contract I don't see the appeal. Plus the last time I looked the mini's had next to no volume. Has that changed?

Give me an offer on the Farm and goats. I'll show you a firm bid. You keep the wife.

Cramer is a narcissistic fool. I can't believe that the idiot still gets any face time. IMO, It's no coincidence that he threw in the money management towel right at the time that Reg FD hit because non-public information was his only edge. And that God-awful Heckle and Jeckle show...

T-Bills, as was said above. They can be used as margin money with any FCM or B/D while the interest accrues to you.

No sir! An offshore fund must satisfy the so called "ten commandments." One of these is that all functions of the fund excluding the actual trading itself MUST be done offshore. An offshore fund must have offshore legal, offshore auditing and an offshore administrator among other...

You sound pretty dialed in on that side of the world. What's the story on the rest of the bourses or Futures Exchanges like Sydney or Tokyo or Shanghai or Korea or any thing on the SIMEX or in Auckland? Does anything over there have any volume and/or depth. And if not who is the most...

Read it more closely mate. It says that the SEC will now allow you to register with them (out of the goodness of their hearts, no doubt) instead of the state. But you still must register, with one or the other. I imagine that the States will have something to say about this as they will...

Where is your fund domiciled? I have good contacts for all service providers (Legal, Auditing and Administration) in the BVI's. PM me if you wish. Regards, Dr. Zhivodka

If you do enough volume, you should ask your Clearing Firm or FCM to softdollar it for you. Dr. Zhivodka

Exactly. From what I understand places like Shoney and Worldco are simply indentured servitude. Seems like anytime you run across these cockamamie "gross" and "net" payout schemes noone (except the house) ever get's paid. Dr. Zhivodka

They are an absolute cash machine in the right market environment with the right kind of Implied Volatility profile. There have been extended periods during which I employed no other trading style than credit spreads. During the years 1988, 1989 1992 and 1993 this was all I did. The...

When I first into the business I had to pick up the phone and call the floor. I think I'll be alright. This is when 3 (pre-split $500 contracts) S&P points was a good day. :p

How many contracts did you trade last month? I traded over 70,000. Not many, I know. I've been directional (trading) and many other types of trading for many years. Plus, I can always whip up an X-tra dry for me and the boyz. You? :p

It's only for spreads. They're not so stupid as to do it across the board. It would kill the goose. If *you* can't afford the mini's, stick to a 100 shares of SPY's

Right on the money. Trading is hard disciplined work that doesn't translate well to media. You know the funny thing about Niederhoffer is that not only was he wrong but he stayed wrong(stubborn). He had been selling naked puts to collect the premium when the market took it's first big...

Typical impotent arrogant governmental BS. If and when they do shoot themselves in the foot with this dumbass legislation more and more funds will simply re-organize offshore. The funny part is that the regulators actually think they can have an impact on my business. Dr. Zhivodka

Don't look now but the big boys are upstairs and they ARE in the mini's. The pit bound boys are not stupid, they may live in Chicago, but they're not stupid. Never happen. Write it in stone. Hell, dual trading had to be killed by a FBI sting at the CME. Then to finish it off there...