Recent content by PeterTT

ew .. I am long term commodity bull and have been so for last 2 years. If you are looking to "trade" more actively then you will need to have either a spreadbet account or a direct futures account. I you want to run a more buy and forget strategy then you should look at shares. The obvious ones...

You have to remember that Silver is treated by most traders as a high beta Gold (moves more in both directions). The USD spot rate also plays a large factor in price sentiment of precious metals. The spot USD strengthened and so silver sold off. On the long term charts for me its a great buy...

Hang Seng is 4% off its high in March and 23% above it base in May TSE2 (Tokyo second section (mid cap stocks)) is about 40% up from January Indian Sensex is near its highs I would not call that a bear market by any means Peter

Elliott .. Nice to see someone new posting here .. Have you any views on Lead? I bought some 3months yesterday so I got a good fill under 830 including my spreadbet costs. I agree regarding the backwardation of alot of the base metals adding extra value (one of my reasons for buying lead...

I really like corn at these levels .. the crops report out on Tuesday was very good so market tries to sell off but cannot maintain it below 200 so I think we could seee a try of 225/30 area Peter

Think its all the metals and oil getting hit .. all hedge fund driven as funds that are long of one tend to also be long of the others and they start getting margin calls they liquidate all linked positions

Keyday reversal on NYMEX today .. I have shorted but with a stop at new highs. It appeals to my contrarian nature as everywhere on all media channels they are saying Oil to 60US by Christmas. Should be good for stock markets over next few weeks, especially Japan. Not saying this is the end of...

Try the LME website itself .. lotsof useful info there .. also it links to some other sites of brokers .. http://www.lme.co.uk/dataprices_distributors.asp It is a real "insiders" market and I seem to be able to catch some nice moves over several days/weeks, but I would hate to try and...

Difficult to trade as the market is mainly LME and the contracts are generally 3 month outrights. Copper is easier to trade through COMEX . I only really spreadbet them, so I do not "day trade" as the spreads tend to be a bit wide. IGindex and City index will quote spreadbets in them (they get...

Bently .. you say ... Lumped 50k on palladium at 5.34 am monday (uk) at $193/ oz .. I think this must have been a misquote as palladium has not been below 200 since January .. If you need prices in it most spreadbetting companies will quote you .. its generally a $3 spread on the futures...

It is tax free as it is a bet .. the losses are not tax deductable, so, the wins are not subject to income tax.

JII LN (JP Morgan India Investment Trust) has been one of my best holdings over the last 18 months .. Its discount to nett asset value is near enough flat (it was about 20% when I first bought some) so I would wait until it widens out again. I would love to be able to invest in a fund that...

I know two guys working for a major German investment bank in the city on their STIR desk. They, their area in the bank, and I (!)made out like bandits last year on running the uptrend in all interest rate futures. It was very easy money, however, September last year it started to change. The...

I have never had a problem with financial spread betting companies. Ok, the spreads and margin requirements can be quite large, but for my style of trading (not day trading!) the important thing for me is the tax free profits. I have accounts with 4 different companies .. I like Cityindex for...

I personally don't see a problem with these terms .. They are basically saying that if they cannot hedge your bet in the underlying futures, then they will not quote for it. You would have exactly the same "problem" if you were trading the underlying futures .. ie .. no liquidity = no price ...