Anyone Trade Carbon Credits

[Pipsaholic]

Heard this a new and emerging market and will be for years to come apparantly.

 

[gedward3]

I think this is the similar although its emissions trading.

Are Carbon credits OTC or are they on an exchange?

http://www.svssecurities.com/Default.aspx?tabid=308

Ged

 

[packtoo]

my company trade this carbon Credit ,do you think it is a good thing to do it .ca n you explain it further .some people 's words are really classic

 

[pboyles]

Dont get involved in this, chances are you are going to get scammed.

 

[wackypete2]

Dont get involved in this, chances are you are going to get scammed.

That'll be good for at least another 20 questions.

Peter

 

[Black Swan]

That'll be good for at least another 20 questions.

Peter

Pete, you've let me down, saw the thread, saw you'd posted and would have bet on you saying "trading carbon would be like taking coals to Newcastle " or something..gutted..

 

[BeginnerJoe]

I say do it and report back how many pips you get.

 

[wackypete2]

Pete, you've let me down, saw the thread, saw you'd posted and would have bet on you saying "trading carbon would be like taking coals to Newcastle " or something..gutted..

Sorry. I'll do better next time

Peter

 

[Successful_Trader]

I'm not surprised about this... they actually had onion futures before before the exchange realized most of the onions would spoil before the respective party got it delivered

 

[Walkio]

I'm not surprised about this... they actually had onion futures before before the exchange realized most of the onions would spoil before the respective party got it delivered

Please tell me you're kidding!

 

[wackypete2]

I'm not surprised about this... they actually had onion futures before before the exchange realized most of the onions would spoil before the respective party got it delivered

eh, nothing to cry about.

Peter

 

[Black Swan]

eh, nothing to cry about.

Peter

Youdaman..

 

[DionysusToast]

I'm not surprised about this... they actually had onion futures before before the exchange realized most of the onions would spoil before the respective party got it delivered

Sort of: http://en.wikipedia.org/wiki/Onion_Futures_Act

In the fall of 1955, Seigel and Kosuga bought enough onions and onion futures so that they controlled 98 percent of the available onions in Chicago. Millions of pounds of onions were shipped to Chicago to cover their purchases. By late 1955, they had stored 30,000,000 pounds (14,000,000 kg) of onions in Chicago. They soon changed course and convinced onion growers to begin purchasing their inventory by threatening to flood the market with onions if they did not. Seigel and Kosuga told the growers that they would hold the rest of their inventory in order to support the price of onions.

As the growers began buying onions, Seigel and Kosuga purchased short positions on a large amount of onion contracts. They also arranged to have their stores of onions reconditioned because they had started to spoil. They shipped them outside of Chicago to have them cleaned and then repackaged and re-shipped back to Chicago. The new shipments of onions caused many futures traders to think that there was an excess of onions and further drove down onion prices in Chicago. By the end of the onion season in March 1956, Seigel and Kosuga had flooded the markets with their onions and driven the price of 50 pounds (23 kg) of onions down to 10 cents a bag. In August 1955, the same quantity of onions had been priced at $2.75 a bag. So many onions were shipped to Chicago in order to depress prices that there were onion shortages in other parts of the United States.

Seigel and Kosuga made millions of dollars on the transaction due to their short position on onion futures. At one point, however, 50 pounds (23 kg) of onions were selling in Chicago for less than the bags that held them. This drove many onion farmers into bankruptcy. A public outcry ensued among onion farmers who were left with large amounts of worthless inventory. Many of the farmers had to pay to dispose of the large amounts of onions that they had purchased and grown.

My favourite though

"Then-congressman Gerald Ford of Michigan sponsored a bill, known as the Onion Futures Act, which banned futures trading on onions. The bill was unpopular among traders, some of whom argued that onion shortages were not a crucial issue since they were used as a condiment rather than a staple food."

So Traders thought it their right to cause shortages of onions (whose production they had played no part in) and whined about it. Lovely people.

 

[munchiedude]

Dont get involved in this, chances are you are going to get scammed.

i agree with pboyles, unsure about trading carbon credits but i know ex colleagues that work in carbon credit brokerages and they pay themselves handsome commissions...out of YOUR investment!

scam im nt sure, its borderline at best!

 

[Bint_Crusher]

i agree with pboyles, unsure about trading carbon credits but i know ex colleagues that work in carbon credit brokerages and they pay themselves handsome commissions...out of YOUR investment!

scam im nt sure, its borderline at best!

They're only fast growing because the demand from treehuggers has not been exhausted. When all the greenie ***** have spent their life savings on them China and the US will crash them saying it was a pants idea in the first place.
:smart::smart::smart::smart::smart::smart::smart::smart::smart::smart::smart:
:smart::smart::smart::smart::smart::smart::smart::smart::smart::smart::smart:


GREENIE PLONKER :clover::clover::clover::clover::clover:
http://www.youtube.com/watch?v=sZwGZHl1F5I&feature=related

 

[D.Gilberto]

I say do it and report back how many pips you get.

Troll Denied