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Commodities Rising: The Reality Behind the Hype and How To Really Profit in the Commodities Market

Book Description

"Commodities Rising, part memoir and part investment guide, provides a unique and practical perspective that is based on a rare combination of professional experiences."

-Donald F. Larson, Senior Economist, World Bank

"Jeffrey Christian brings twenty-five years of commodity market experience to his thoughtful and insightful new book. A keen analyst, Christian debunks many commodity market myths. There has been a substantial underinvestment in commodity research of late. His book is a 'must-read' for any investor wishing to avoid the pitfalls present in physical commodity investments."

-Terrence F. Martell, PhD, Saxe Distinguished Professor of Finance, Director, Weissman Center for International Business, Baruch College, CUNY;Public Governor, New York Board of Trade

"If you've read one of the recent 'commodity craze' books, you'll appreciate the more careful, thorough account Christian provides here. His anecdotes and analysis will convince you that this is truly an insider's assessment."

-Peter A. Biebel, Vice President, Director of Futures Research, A.G. Edwards & Sons, Inc.

"In addition to its depth, Christian's book is extremely reader-friendly, presenting commodity issues from various angles. I strongly recommend to anyone interested in commodities that they read this book; and to those still unfamiliar with the subject, I recommend that they take a look. The rewards will be significant, intellectually and possibly financially."

-Takamasa Akiyama, Professor of Development Economics, Nihon University, Mishima, Japan, and Senior Advisor, Foundation for Advanced Studies onInternational Development (FASID), Tokyo, JapanAnalyze the current commodity environment and look out over the next few years to identify potential profit situations in Commodities Rising. You'll learn how commodities can be used to reduce risk and increase returns in a balanced investment portfolio. Author and commodities expert Jeffrey Christian debunks much of the misinformation currently circulating about commodities and provides a reasoned reality-check you can use to evaluate the claims and promises of various publications and brokerages in the commodity field. Specific issues addressed throughout this book include:

the variety of commodity investments?exchange traded funds, stocks, futures, and options;

commodities in the global economy;

commodity trading/investing strategies.

Filled with in-depth insights and engaging anecdotes gleaned from the author?s 30 years in the commodity markets, this is an invaluable resource for the serious investor or trader.

Table of Contents

  1. Cover Page
  2. Title Page
  3. Copyright
  4. Dedication
  5. Contents
  6. Preface
    1. Commodities, Not Futures
    2. Who I Am
    3. Who This Is Written For
    4. How This Book Is Organized
  7. Acknowledgments
  8. Chapter 1: The Commodities Rush Is On
    1. Why Commodities, Why Now?
    2. Who Will Win, Who Will Lose
    3. Avoiding the Pitfalls
    4. Unearthing the Reality
    5. Succeeding in the Current Climate
    6. Where Do We Go from Here?
  9. Chapter 2: The Myths of the Commodities Supercycle and the Chinese Consumer Giant
    1. The Myth of the Commodities Supercycle Theory
    2. The Myth of the Chinese Consumer Giant
  10. Chapter 3: Commodities and the Global Economy
    1. Commodities and Economic Output
    2. Commodities and Economic Development
    3. Old But Still Good
    4. Information and Knowledge
    5. Nondiscrimination of Information Quality
    6. Efforts to Improve Conditions
  11. Chapter 4: Commodities as an Asset Class
    1. Intermarket Disconnection
    2. Commodities' Role in Portfolios
    3. Commodities on Their Own
  12. Chapter 5: Commodity Investment Vehicles
    1. Physicals
    2. Futures
    3. Forwards
    4. Options
    5. Exchange Traded Funds
    6. Equities
    7. Mutual Funds
    8. Commodity Funds
    9. Hedge Funds
  13. Chapter 6: Commodity Strategies
    1. Commitment of Traders Reports
    2. Putting This into Practice
    3. Principal Protected Accounts and Structured Products
    4. Ratio Trading
    5. Commodity Indexes
  14. Chapter 7: Precious Metals
    1. Gold
    2. Silver
    3. Platinum
    4. Palladium
  15. Chapter 8: Energy Commodities
    1. Petroleum
    2. Natural Gas
    3. Uranium
  16. Chapter 9: Tropical Agriculturals
    1. Cocoa
    2. Coffee
    3. Cotton
  17. Chapter 10: Grains and Oilseeds
    1. Corn
    2. Soybeans
    3. Wheat
  18. Chapter 11: Base Metals
    1. Copper
    2. Lead
    3. Zinc
  19. Chapter 12: The Fundamentals Still Apply
    1. It Starts with the Fundamentals
    2. Defining Fundamentals
    3. Why Do People Ask This Question?
    4. Conclusion
  20. Index