Gary want to know
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS."Am currently being 'whipped' on longs in Corn, Oats and Gold. Lots more down on these, or, are they ready to forge upward? Thanks- Gary"
Gary, In my opinion being long corn is okay as long as you understand it is a long term, and perhaps a very long term "value" trade. In other words to be long corn one must believe that these levels (and lower) will create demand and in the future this demand will cause corn to enjoy a significant rally. The problem with buying value is that many times entry can be early and the trader has to be willing and able to "properly capitalize" the trade. In my opinion it is necesssary to understand that if one buys corn at present levels they need to be willing to add the position every dime lower. If one has neither the capital or the patience for this type of trade corn is probably best left alone. Same goes for oats.
I believe gold has been in a very wide sideways pattern for quite sometime. This latest break has it going to the absolute lowest level of the primary range. If June Gold closes below 416.00 it could the mark to the end of the sideways market.
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.
posted by Lee Gaus @ 11:32 AM
0 Comments:
Post a Comment
<< Home