Book recommendation request (Commodities )

[joanar]

Looking to add some commodity positions to my portfolio to lower SPX correlation. Can anyone recommend a book or website that can give a good overview of different commodities, their supply/demand factors, global factors, growing/ harvest seasons etc?

 

[ZBZB]

Electrification of transport means metals are all going up for the next decade.

 

[Vtechno]

Electrification of transport means metals are all going up for the next decade.

Which metals do you like? This would be a good long term IRA play.

https://www.google.com/amp/s/seekin...ise-of-electric-vehicles-and-impact-on-metals (article from Dec 2017)

 

[unconventional wisdom]

in my humble opinion, more important than books about commodities are books that change the way you see the world. to that end, here's a couple that helped me understand the world we live in: atlas shrugged, the fountainhead, and just for fun, life of pi.

 

[Vtechno]

OP - Market Wizards has some sections on commodity traders. Carley Garner has some intro books. Jim Rogers Hot Commodities is another recommendation.

 

[Tradex]

Looking to add some commodity positions to my portfolio to lower SPX correlation. Can anyone recommend a book or website that can give a good overview of different commodities, their supply/demand factors, global factors, growing/ harvest seasons etc?

If you are a beginner this book should give you the basics : A trader's first book on commodities: An Introduction to the World's Fastest Growing Market, by Carley Garner (about $20 on Amazon).

 

[themickey]

Looking to add some commodity positions to my portfolio to lower SPX correlation. Can anyone recommend a book or website that can give a good overview of different commodities, their supply/demand factors, global factors, growing/ harvest seasons etc?

You are possibly tackling this the wrong way.
Assume you think lithium is the 'go to metal.'
You buy lithium stocks and they plummet because your timing was wrong or your stock selection was wrong.
For beginners I'd suggest just compare a bunch of commodity charts with major indexes, that will be better than an out of date book.

 

[Handle123]

Looking to add some commodity positions to my portfolio to lower SPX correlation. Can anyone recommend a book or website that can give a good overview of different commodities, their supply/demand factors, global factors, growing/ harvest seasons etc?

I don't know of one book that has all that you ask. I started commodity trading in 1985 when hardly any of global information was taken into account. And now more so of metals I believe supply and demand is guessing game. I am very long term commodity trader seeking home runs, but also do trend trading and every position opening is hedged.

I think learning charting is best for few years and especially what most likely topping and bottoming formations occur on monthly, weekly and daily charts.

Grains and Meats are my favorites as charting is most consistent, along with doing spreads.

I still believe charts tell me all that I need to know.

Good luck.

 

[Tradex]

charting is most consistent, along with doing spreads.

There are a few low-risk spreads and unique seasonal patterns that offer steady and consistent profits in the commodity market.

To the best of my knowledge, one of the best experts in that field is Steve Moore, from Moore Research Center, Inc.

 

[clairemattockskth67]

Looking to add some commodity positions to my portfolio to lower SPX correlation. Can anyone recommend a book or website that can give a good overview of different commodities, their supply/demand factors, global factors, growing/ harvest seasons etc?
In my opinion, Market Wizards is for you. I myself like to read only not on such topics. When I have free time, I take a book, sit on the windowsill and read until my eyes hurt. I also wanted to recommend you, but the ones above me already did it!

A trader's first book on commodities: An Introduction to the World's Fastest Growing Market, by Carley Garner - With this I agree!