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Commodities

JAMM222 · 2008-04-21 10:07:06

I have being doing a little bit of spread betting on commodities over the last week or so mainly crude oil managed to make a few quid out of it but i am just wondering is there is still short term value in commodities and are there any other commodities i should be concetrating on like maybe some soft commodities like…

21-04-2008 10:07am

#1

JAMM222

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I have being doing a little bit of spread betting on commodities over the last week or so mainly crude oil managed to make a few quid out of it but i am just wondering is there is still short term value in commodities and are there any other commodities i should be concetrating on like maybe some soft commodities like wheat or livestock?

Any tips appreciated!

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#2 21-04-2008 6:40pm

silverharp

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from a seasonal point of view, Ags generally do well in March and April. I would expect most commodities to turn down over the next 6 weeks on the assumption that the dollar (DX) gets a bounce to its 20 week moving average based on some technical work I am following, oil might be the last to drop though. I have been shorting gold and gold shares on and off since march and have done very well. you have to be careful of the volatility,

A belief in gender identity involves a level of faith as there is nothing tangible to prove its existence which, as something divorced from the physical body, is similar to the idea of a soul. - Colette Colfer

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#3 21-04-2008 7:58pm

JAMM222

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cheers for that! im going to close my positions next week at a fairly decent profit i hope!!

is there any good websites you can recommend that will keep me up to date currently i use businessworld.ie but i find that it is a little slow with the news at times!

cheers

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#4 21-04-2008 10:14pm

silverharp

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JAMM222 wrote: »

cheers for that! im going to close my positions next week at a fairly decent profit i hope!!

is there any good websites you can recommend that will keep me up to date currently i use businessworld.ie but i find that it is a little slow with the news at times!

cheers

to be honest keeping up with events and fundamentals wont help trading, the markets are very technically driven, and most of the time the news follows the price, that being said you may find the site below interesting

http://seekingalpha.com/tag/commodities?source=sector

A belief in gender identity involves a level of faith as there is nothing tangible to prove its existence which, as something divorced from the physical body, is similar to the idea of a soul. - Colette Colfer

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#5 22-04-2008 9:27pm

eoiner-galway

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does anyone use ladbrokes financials....

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#6 23-04-2008 3:10am

portomar

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eoiner-galway wrote: »

does anyone use ladbrokes financials....

i use deltaindex but ive just opened igindex account and prefer that

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#7 01-05-2008 3:46pm

Roonbox

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Is now the best time to get into commodities - with a long term view - or will they fall in the coming months with the outlook in the USA??

Can anyone really answer that??

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#8 01-05-2008 6:12pm

silverharp

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for anyone with international share accounts

http://www.hbpfunds.com/ - they trade on the TSX

http://www.etfsecurities.com - they trade on the LSE

they generally have either x1 or x2 leverage so no too many sleepless nights. The way I see, same as my earlier post, dollar up this month, you may also get the sell in may and go away effect in the general market. when you hear stories of rice riots you know the top is almost in for the CRB index.
Longer term if the CRB does not make a new high this year after Aug then the commodity cycle is over, again this is based on technical work I am following based on historic cycles, otherwise its the last opportunity to load up on energy and metals shares.

A belief in gender identity involves a level of faith as there is nothing tangible to prove its existence which, as something divorced from the physical body, is similar to the idea of a soul. - Colette Colfer

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#9 01-07-2008 4:12pm

disco biscuit

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I am thinking about buying oil.Lets say I want to buy 100 barrels of oil at 140 dollars a barrel.I don't mean by that as buying them in a physical sense and storing them at home but on paper.Is it possible to buy them on paper.Say if oil goes up by 20 dollars a barrel and I want to sell will I make 20 dollars a barrel profit minus brokers fees and CGT or is it not that simple.

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#10 03-07-2008 10:36am

Diarmuid

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disco biscuit wrote: »

I am thinking about buying oil.Lets say I want to buy 100 barrels of oil at 140 dollars a barrel.I don't mean by that as buying them in a physical sense and storing them at home but on paper.Is it possible to buy them on paper.Say if oil goes up by 20 dollars a barrel and I want to sell will I make 20 dollars a barrel profit minus brokers fees and CGT or is it not that simple.

Plenty of commodity ETF's you can buy through a broker. EasyETF (website down at the moment) have one such example. There are more. Not 100% crude but it should follow oil pretty closely as it makes up such a large percentage of the fund.

BTW Did you consider that you might be jumping in at the end of a run on oil?

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#11 09-07-2008 5:36pm

BrenTTS

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You could also consider spreadbetting as a method of buying oil. Just make sure you understand leverage before you make a bet! Spread betting is tax free so no CGT. Delta index do a training seminar. Lots of other spread betting companies out there as well. See few other posts here...

http://www.boards.ie/vbulletin/showthread.php?t=2055329017

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