Search results

I think onvenience is a bad standard to use for an investment decision. Yes it is a pain to store silver's bulk but if you really believe, as I do. that it will significantly outperform gold it pays to make the small investment necessary to store it properly. Particularly if protecting your...

The problems at Cushing are real ... not a myth. But, like any other storage/processing problem it facilitates manipulation. Classic manipulative thinking calls for identifying a real bottleneck and then coming up with strategies that exploit that reality.

I just received this. As many of you know, Wiley will soon release three more of Al's books on price action trading: Price Action Trading: Trends Price Action Trading: Trading Ranges Price Action Trading: Reversals Al's comments: "I tried to answer all of the questions that I have...

He makes everyone's head spin but there is a great deal of valuable information in the book. The problem is it is written in hieroglyphics and there is no Rosetta Stone!

I always wondered why I never saw you here, ND. I assumed you were simply too tied up with the CL thread and it never occurred to me you did not know this thread existed. Welcome!

Books are like construction projects; if they finish on time it's a coincidence.

Agreed.

The fascinating thing about oil is that it is not actually a global market but splintered into some local markets with anomalies such as "the Cushing Syndrome" (not Cushing's disease) making the lighter and easier to refine WTI + CIF trade at a significant discount to less valuable Brent...

I was -- am -- the OP of this thread and somewhere along the line I expressed the hope that Al's next book would be written in English. His articles are better written and he has written three more books the first of which is scheduled for release in April. I have benefited from his book...

Yes. Right now the pipeline from the Gulf that carries oil to Cushing only flows one way to Cushing, OK. Add to that the fact that Canadian Oil now flows in large and increasing quantities to Cushing, "backs up" against its refining and limited storage capacity and causes the near month...

Since in practical terms it is very difficult to arb physical WTI against Brent delivery there frequently is not the same urgency for WTI and Brent to close the gap as it would be if Cushing were on the Gulf. Brent can go an awful long way up without dragging our deliverable grade up by even a...

As I recall there was no "fail-to-deliver" in the 70's when the Hunt family tried to corner silver. It went to around $50 as Paul Volker at the Fed pushed up rates. The prime rate broke 20% and the whole corner collapsed like a house of cards. It is hard to fight the Fed if the guy who sits...

The way Al presents is more amorphous than that and I have learned to not rely on what he is saying in the moment to do my trading but to spend the days "with him" to learn. You need to follow your own drummer even as you learn about how others perceive the music.

You are correct about Al's daily webinar. His purpose is not to call trades but rather to provide a context for those wishing to learn PA. I find it very valuable educational tool at a rock bottom price -- $100 a month. Tommy

This is the definitive answer. In a bull stocks go up.

Wiley will release three new books by Al Brooks with the first scheduled for publication in April ... but publishers are frequently late. All three are already written and none of the them are second editions of his first book but rather new books that he promises are much more clearly written...

Thanks ND. Can I ask what software you use and who provides the data. Anyone else want to chime in?

I am posting here because I have more respect for this thread (and obviously its participants) than any other I read on ET. I have 5 minute ES charts up on my computer from both Trade Station and Sierra Charts. The SC charts are powered by TT data. Sometimes Trade Station delivers the...

At one time (and maybe still today) the TED spread -- T-Bills vs Eurodollars -- was a barometer of how the world felt about political risk. When the spread was tighter the world was sanguine ... as the rates in Europe incresed it was a reflection of perceived risk. Clearly the Brent/WTI...

Why not retest rather than reset?