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S W
Member since May 2012
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has posted a comment on the article :
>Don’t Trade Last Week’s Silver Story!  - Keith Weiner - Monetary Metals
No problem
Futures markets are quite dangerous.
eg the stats are these. Most traders 89% lose all their account plus some extra (maybe part of their house) in the first year. 7% break even and 4% win all of the 89%.
I would never trade Orange juice or coffee.
Best is to trade seasonal spreads for e.g....its the difference between say Long March Wheat and Sept. Wheat.

Excellent info on seasonal spreads and outright futures can be found at MRCI .com
SW


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Beginning of the headline :Since February of this year, there has been at least one silver contract in backwardation. Since May 31, the September contract has been backwardated. But that has now come to an end. Before we get to the graphs, let’s define our terms. Some people look at a graph of (cleared trade) prices. If they find a futures price that is below a spot price they declare it to be backwardation. One problem with this approach is that the quotes may not be simultaneous. A contract that is close to expiration o... Read More
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