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Commodity BrokerI spent last month in beautiful Sedona Arizona where I worked on my book “The Truth about Commodity Trading” for commodity brokers and commodity investing, which will simply be investment newsletters that I have written since the year 2000. One of my first investment newsletters dated January 11th 2000 was certainly prolific. It read as follows: commodity brokers and commodity investing individuals should beware... The Market Will Go Where It Will Hurt The Most.” I hope commodity brokers told those involved in commodity investing to use the AOL-Time Warner deal to liquidate your S&P (Stock) positions and get short. Now that the AOL-Time Warner deal is over there is no way the Stock Market can ignore interest rates that continue to rise (Bonds almost 1-point higher today). How about crude oil futures up almost 100 points today (crude oil futures traded $25.71 last week) as OPEC officials continue their production cuts that will extend beyond March. Inflation, high interest rates, and especially INTERNET STOCKS will eventually be the demise of the Stock Market. Commodity brokers and people in commodity investing that continue to accumulate S&P positions now that the market is in the upper 25% of the Long Term trading range could be faced with a monetary/emotional breakdown as THE MARKET WILL GO WHERE IT WILL HURT THE MOST. As we all know the NASDAQ (Internet Stocks) made history, plummeted from a high of $4882 in March of 2001 down to $797 in October of 2002 decimating commodity brokers and those involved in commodity investing. While I’m extremely bearish fundamentally here in 2007, commodity brokers and individuals in commodity investing should absolutely understand my Long Term formula is up and short Stock accumulation would NOT be recommended. Special emails will be sent to commodity brokers and those involved in commodity investing when change of direction occurs. At this time I will in fact short Stock futures. Click here for more information on commodity brokers.
There is a risk of loss in futures and options trading. You should carefully
consider whether futures trading is appropriate for you in light of your investment
experience and objectives, financial resources and other relevant circumstances.
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
Information herein has been obtained and prepared from sources believed to be
reliable; however no guarantee to its accuracy is made. Comments contained in
these materials are not intended to be a solicitation to buy or sell any of the
commodities mentioned. Opinions expressed herein are the opinions of the author
only and not the opinion of any firm the author may be affiliated or associated with.
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