Search results

Aluminum and copper. If there was storage available, the contango gets arbed back towards backwardation. Bearish front end of the curve also explains WTI vs. Brent in the front months.

From Reuters, Jan. 22: "For the last two years, the contango structure embedded in futures prices has far exceeded the actual cost of owning physical raw materials such as crude oil, aluminium and copper, explaining the strong interest from traders and hedge funds in owning inventories or...

From the Schork Report: "Not only are we seeing high levels of imports, current inventories at PADD 5 are holding steady relative to last year: crude oil storage stands 1.82% above last year; RBOB inventories are 4.73% higher YoY; distillate inventories are 13.11% higher; heating oil...

The Nymex contract is not "broken". I suppose I have some 'local' knowledge in this regard - after four years of trading interest rates with a Full Membership on the floor of the CBOT, I traded energy for several years for a large commercial in the 90's, and have traded both OTC and regulated...

S.D. : Your sampling timeframe is way too long in the tooth.

Well, Red Hat does indeed have a 93.7% daily closing correlation with the Comex Gold future over the past 2 years, but the 5 year correlation is less than 39%. Given the fact that the RHT business model has almost zilch fundamental correlation with Gold or it's flight-to-quality or dollar...

The real and tangible problem with money in Switzerland as I have been told is trying to move it outside of Switzerland.

Never take any tax advice at face value from an internet forum. Find a CPA who can produce current professional trading clients in your field - using a professional without relevant applied experience in the art is worse than doing it yourself. You will always have to pay some entity tax...

Most of these responses are not really credible from my personal experience if you are truly a full-time trader who shows consistent positive cash flow via IRS returns, bank statements, and monthly brokerage statements. And put about 10-20% down.

"Horrible business model now. You are about 10 years too late. You'll make more money owning a nail salon." X 2

Note: All newbies paper trade against me with trades reported and tracked on an intraday basis. When a client can consistently show a 55-68% Win to Loss ratio on a 1:1 basis, then I clear them to trade in the live market. These are SIM/paper-trading metrics as reported to me and tracked...

Fresh Client Win to Loss Ratio Metrics on a 1:1 basis; average winner: $233, average loser: $172, including retail futures commissions of $4.50 per round turn. MJ: January 18, 19, and 20: 11 Winners, 2 Losers background: an experienced options trader CA: January 18, 19, and 20: 4...

Lee, I second your emotion. I continue to use pivots every day that I have traded since 1992, and I teach them to my clients. We use them (daily, weekly, monthly R1, R2, S1, S2) as profit targets and stop/loss levels for existing positions, and as areas for trailing stops. We use a very...

"it would take another Soros to bust them " Despite the false premise of economic impotence, there is a substantial difference between taking on the Bank of England and The Fed.

Australian market open - big natural resources trade. The Aussie rates, equity indices, and the Australian Dollar are all very tightly correlated to the metals - especially HG. About 12:30 am Central, you have the London open and the LME order flows really jack the Copper even more than...

I am always amazed at the market timers that start threads with a loud proclamation announcing a major turn in the market: true to form, the predictability displayed by the prognosticator is a classic pattern in it's own rite: 1. Make announcement - start a thread with a bombastic...

There is edge and there are a number of ways to exploit intermarket correlations. You can scalp one versus the other, you can automate a 'lead-lag' strategy, and of course you can spread trade one instrument versus the other and profit from the convergence or the divergence.

Take a guess what the tanker rates have done.

If you are spread trading, cash currencies allow for more precise hedge ratios than the futures for more modest positions in terms of 'tail risk' management - the futures have notional values typically in $200K and $100K increments. But even with the same notional values, you have to hedge for...

Liquidate some of your longs at 1305.