Quote:
Originally Posted by BigOlChiefsfan
I worked at the KC Board of Trade for 15 years or so, as an employee of the exchange, then as a trader. They sold out and let the Chicago BOT and the Merc have the bulk of that money - the current mayor of Chicago is chasing those fellows and all their tax revenue off to Florida. Anyway - don't overlook commodity trades - you've got to do some research but rule of thumb..if the dollar won't go as far, gold or wheat or silver-will. Head-sniffin' Joe Biden doesn't really get to mess with the price of commodities. Which is fine by me.
ETA: Time is an issue w/commodity markets - they 'run out of time' and you get the cash - or you sell your July contracts and buy December instead. It's not a 'fire and forget' market. It's exciting as hell when you're there -and right. It's pretty much designed to bilk the ignorant. But if you're interested, it's a good way to park money and make some if you park it correctly.
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As a guy that hedges grain, I want no part of speculating any of that.