Recent content by peterpr

Have a look here for the odd posting about futures trading, precious metals, economic matters, politics and any odd off-the-wall topic that happens to catch my attention. From a professional trader with no particular trading axe to grind other than to scan the horizon a bit, and pad out...

Gold, silver, copper or aluminium trader? Think you've seen major price action already this past 12 months? Well, you ain't seen nuthin yet! Why? - because NYMEX has just announced that, effective Sunday 4th June for electronic trading and Monday 5th June for the pit-traded contracts, the...

Don't be daft. Hadn't you noticed? Government responsibility these days is confined to the good things. If there is one thing that they are supremely competent at, it is making certain that any blame going is apportioned anywhere but with them. Anything bad is, by definition - somebody else's...

Well if that is not insulting rudeness I don't know what is. And it's far from an isolated case as can be clearly demonstrated from the record. And I suggest that if all posters behaved like you are won't to do when you see something you don't like, then there would be little else but acrimony...

I think you'll find it was me who first raised the issue of the June settlement on these boards here: http://www.trade2win.com/boards/showpost.php?p=186093&postcount=4888 , and not by way of complaint either. An instrument that can produce such a bizarre settlement is not one which I wish to...

I suggest you take a look at http://www.trade2win.com/boards/showthread.php?t=8886, then do a search of his threads before rubbishing Rognvald. He's contributed more than most to the usefulness of this board and could undoubtedly teach most a thing or two about trading - including you

'S&P' is the acronym used to identify Standard and Poors which is a large US public company whose main business is providing commercial credit rating services on a large scale. They are probably the most prestigious such agency in the world. Like FT International who maintain various market...

Agreed. It does appear that way. I'm still holding that spec long I opened on 1st July too. No illusions about it though. It's a leveraged play so I'll be out like a shot on any dip below $7 again. I do agree with Ted Butler on the medium-long term prognosis though. Some physical silver at this...

Careful now - They're pros who don't take kindly to being called idiots.. http://www.timesonline.co.uk/article/0,,2-1487741,00.html

As usual when the subject of COT's open interest comes up on this thread it is likely to create more heat than light. Here are a few facts which ought to persuade you that short-term DOW or S&P futures trading off the COT's reports is far from the simple matter claimed. 1. There are 2 separate...

No idea what will happen to the Silver futures contracts. I do know that the US regulatory and exchange authorities have a clear and common interest in them continuing to work 'properly' though (ie the prospect of a delivery default ought to be a pretty daunting one for them). That's what makes...

The Hunt brothers are generally regarded as the wrong-doers and vilified by the public at large as 'wicked capitalists' (in so far as they remember the event at all that is). The reality is the Hunt brothers were treated appallingly by the powers that be - screwed in fact. I'm no conspiricy...

Yep - Looks like the old COT play is stil 'in play' so to speak. I wonder how much longer this can go on? I opened a speculative long in the CBOT mini-futures yesterday at 6.82 (Price briefly touched 6.79 and closed at 6.848). I've no illusions about it though. I take it as a given that the US...

Lots of good stuff. IMHO though, there are two fundamental issue at stake, the one following from the other: 1. The auction process was presumably designed to avoid overt manipulation. To manipulate the price requires that the manipulator have an accurate take on precisely when the stocks being...

At risk of appearing a pedant: 1. It is not possible to trade an index. It is only possible to trade a derivative of an index. 2. If a hedge fund cannot hedge its various exposures, then it is not a hedge fund. In any event the point of my post was that interpretation of the COT's in futures...