OIL and Coffee - How to buy?

Sally1980

Hi All,

Want to buy these commoditys any advice would be great, where is my 1st port of call. And the cheapest place to buy them.

Thanks

Bullish

New tesco service station in santry

Comordha

Haha, I was just about to use the same joke

Maybe try Starbucks too

gizmo555

Simplest for a retail investor is via a spread bet. Any of the spreadbetting firms will provide quotes on these markets.

stevedublin

Bullish wrote: »

New tesco service station in santry

is there one?

Lexus1976

Bullish wrote: »

New tesco service station in santry

Where in Santry?

Noel 006

Sally 1980, be carefull buying oil or gold, they are still traded mostly in the pits in NY! And NY brokers will chew you up! All other commodoties are traded predominantly through electronic exchanges, most of them through the CME ( Chicago Mercantile Exchange ), go to their website www.cmegroup.com to see their list of products, you need to get a broker, in the states, trade the futures markets for these, I would definitely not recommend spread trading, be carefull, best of luck!

Bullish

Jees ya cant even make a joke here any more
Guys dont go looking for the Texaco in Santry there isnt one...
It was a joke ya know.. yuk yuk kind thing:D

Seriously though... I dont trade Oil but everyone I speak to recons oil will hit $40 per barrell in 2010.

Sally I hope you did your homework

pocketdooz

Bullish wrote: »

Jees ya cant even make a joke here any more
Guys dont go looking for the Texaco in Santry there isnt one...
It was a joke ya know.. yuk yuk kind thing:D

Seriously though... I dont trade Oil but everyone I speak to recons oil will hit $40 per barrell in 2010.

Sally I hope you did your homework

Really - I haven't met one person who thinks this.

What would cause the price to halve by next year Bullish?

.

Bullish

Like I said I dont trade oil,
The demand for oil is not there stockpiles are increasing, yet oil is going up
At least half the increase in oil price since march can be given thanks to the Dollar dropping not demand increasing.
I expect the dollar to bottom and move up the chart for $DXY.
A lot of people would not have believed in march that it would more than double in 8 months!


That would be my opinion on Oil, but a lot of traders in the US I was talking to are turning bearish on oil.

What do you anticipate for Oil pocketdooz ?

gizmo555

Noel 006 wrote: »

Sally 1980, be carefull buying oil or gold, they are still traded mostly in the pits in NY! And NY brokers will chew you up! All other commodoties are traded predominantly through electronic exchanges, most of them through the CME ( Chicago Mercantile Exchange ), go to their website www.cmegroup.com to see their list of products, you need to get a broker, in the states, trade the futures markets for these, I would definitely not recommend spread trading, be carefull, best of luck!

Nothing wrong with spread betting, provided, as you recommend, one is careful and understands the nature and associated risk of the leverage it can involve.

Sally, another way to invest in these if you're uncomfortable with spread betting is via exchange traded funds (ETFs) which can be bought and sold via any stock broker.

Google oil and etf or coffee and etf for more info. For direct exposure to the commodity price, make sure you are looking at ones which invest directly in the relevant commodity and not, for example, in oil producing companies.

pocketdooz

Bullish wrote: »

Like I said I dont trade oil,
The demand for oil is not there stockpiles are increasing, yet oil is going up
At least half the increase in oil price since march can be given thanks to the Dollar dropping not demand increasing.
I expect the dollar to bottom and move up the chart for $DXY.
A lot of people would not have believed in march that it would more than double in 8 months!


That would be my opinion on Oil, but a lot of traders in the US I was talking to are turning bearish on oil.

What do you anticipate for Oil pocketdooz ?

The dollar has dropped 9% since March yet oil is up over 100% so I think that's a bit overstated.

Not sure what will happen with oil - was just trying to get your reasoning, thanks.

.

Bullish

Eh .... The dollar was 1.26 to the euro in march now at 1.49 ish
Closer to 15% ..... but point taken I did overstate it
I still feel that Oil is overpriced at this moment in time.
The 40 dollar a barrel was mentioned to me, a little bit bearish or wishfull thinking possibly :rolleyes:

pocketdooz

Bullish wrote: »

Eh .... The dollar was 1.26 to the euro in march now at 1.49 ish
Closer to 15% ..... but point taken I did overstate it
I still feel that Oil is overpriced at this moment in time.
The 40 dollar a barrel was mentioned to me, a little bit bearish or wishfull thinking possibly :rolleyes:

True - it ranged from 1.25 to 1.37 during March.

$40 a barrel - seriously I doubt it but I would not bet on it either way to be honest.