Cocoa market anyone?

[Molon Labe]

I don't have that book....would you mind posting the quote here?

 

[Htrader]

Anyone have a suggestion for a good brokerage firm to trade commodities with?

 

[profitseer]

I think it's called the money book. It's a story about a bank that went broke trading cocoa on fundamentals. They kept averaging in, (I think they were long) but you ought to see the chart.

That market over the years has trended in ways you would swear is just simply not possible.

But the fundamentals are always the same, never change, bad weather, political uprising, trouble transporting the harverst, over and over again year after year, and I guess now decade after decade.

 

[chasinfla]

Originally posted by Htrader
Anyone have a suggestion for a good brokerage firm to trade commodities with?

Lind Waldock is tops, imho, though it's been a while since I traded there.

 

[chasinfla]

Originally posted by opmtrader
I saw a big flyer being posted around my brother's very liberal university a year ago about how low prices in the cocoa market were oppressing cocoa farmers in Africa. Of course this was right next to a flyer advertising a lecture by a transvestite professor on trans-gender issues so I guess I didn't give it much value. Now I think I've found a great indicator. I'll call it the LACI, liberal arts conversation indicator. When some cause makes its way around the pseudo intellectual circles then it is time to buy. Who knows those bums might be good for something afterall.

Hey pass the cafe mocha latte frapachino ...

 

[Babak]

Call me crazy but I would be starting to think about shorting cocoa. It looks very bleak on the Ivory Coast and everyone seems to be on one side. Where's a statement of committment when you need it?

 

[cheeks]

How much volume is in this contract? How are the fills?



LOL!

Since the stock market is acting like it wants to go to ZERO and the daily range on zero will probally be zero, I'm just trying to broaden my horizons!

Thanks

 

[dojibear]

Originally posted by Htrader
Anyone have a suggestion for a good brokerage firm to trade commodities with?

I trade commodities with one of the introducing brokers of Refco. I think Lind W was bought by Refco. The phone/email support is very good, I think they have the 'one ring phone call' policy.The commish they offered me is 20$ rt, quite steep if you daytrade.


Cheers!!!

 

[josbarr]

http://www.softwarenorth.net/cot/current/charts/CC.png

 

[Babak]

Originally posted by Babak
Call me crazy but I would be starting to think about shorting cocoa. It looks very bleak on the Ivory Coast and everyone seems to be on one side. Where's a statement of committment when you need it?

You know, one of these days, I'm going to start listening to myself.

Cocoa fell from its high of around 2400 to 1900 after a ceasefire was signed with the rebels in the IC.

josbarr, that is a cool graph. Where did you get it? It looks homemade. If not, could you please provide source/link. Thanks.