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Commodity Fundamentals: How to Trade the Precious Metals, Energy, Grain, and Tropical Commodity Markets

Book Description

Praise for Commodity Fundamentals

"Commodity Fundamentals is THE book for investors looking to enter the commodity markets. This informative guide is a welcome addition on the subject and is a must-read for commodity investors."

-Jim Atkinson, President, Guinness Atkinson Funds

"Ronald Spurga's Commodity Fundamentals is an illuminating and very useful guide for the subject. A welcome addition to any business library." -Robert F. Himmelberg, PhD, Dean, Fordham's Graduate School of Business Administration

"A straightforward introduction crafted for the individual on the mechanics of commodity trading. The author efficiently negotiates the often confusing yet very topical commodity trading world for the individual."

-Terence A. Mullervy, Finance Director, Glencore UK Ltd.

Commodity Fundamentals provides you with the in-depth insights needed to make commodities trading a profitable, integral component of your overall trading activities. Written by Ronald Spurga, a Vice President of ABN AMRO Bank and longtime veteran of the investment banking wars, this straightforward guide arms you with the information you need to succeed in the highly profitable commodity marketplace-whether you are a trading veteran, a relative newcomer, or anywhere in between.

Table of Contents

  1. Cover Page
  2. Title Page
  3. Copyright
  4. Dedication
  5. Acknowledgments
  6. Contents
  7. PART ONE: Should You Speculate?
    1. CHAPTER 1: Guidelines for Commodity Speculation
    2. CHAPTER 2: The Speculator and the Commodity Exchanges
      1. HISTORY AND ORIGIN
      2. COMMODITY EXCHANGES
      3. FUTURES CONTRACT
      4. THE HEDGER AND THE SPECULATOR
      5. CAN YOU BE A SPECULATOR?
      6. OPENING AN ACCOUNT
    3. CHAPTER 3: The Mechanics of Trading
      1. INTRODUCTION
      2. MARGIN REQUIREMENTS
      3. CONTROLLED DISCRETIONARY AND MANAGED ACCOUNTS
      4. REVIEWING YOUR CONFIRMATIONS AND STATEMENTS
      5. DAY TRADING
      6. ORDERS
      7. ADDITIONAL TRADING TECHNIQUES
      8. SUMMARY
  8. PART TWO: Techniques for Trading Physical Commodities
    1. CHAPTER 4: Technical Analysis
    2. CHAPTER 5: The Risks of Speculation
  9. PART THREE: Speculating in Metals
    1. CHAPTER 6: Gold
      1. OVERVIEW
      2. DEMAND
      3. SUPPLY
      4. TRADING
    2. CHAPTER 7: Silver
      1. OVERVIEW
      2. DEMAND
      3. SUPPLY
      4. TRADING
    3. CHAPTER 8: Platinum
      1. OVERVIEW
      2. DEMAND
      3. SUPPLY
      4. TRADING
    4. CHAPTER 9: Copper
      1. OVERVIEW
      2. DEMAND
      3. SUPPLY
      4. TRADING
    5. CHAPTER 10: Palladium
      1. OVERVIEW
      2. DEMAND
      3. SUPPLY *
      4. TRADING
  10. PART FOUR: Speculating in Energy
    1. CHAPTER 11: Crude Oil
      1. OVERVIEW
      2. DEMAND
      3. SUPPLY
      4. TRADING
    2. Chapter 12: Gasoline
      1. OVERVIEW
      2. DEMAND
      3. SUPPLY
      4. TRADING
    3. CHAPTER 13: Heating Oil
      1. OVERVIEW
      2. DEMAND
      3. SUPPLY
      4. TRADING
    4. CHAPTER 14: Natural Gas
      1. OVERVIEW
      2. DEMAND
      3. SUPPLY
      4. TRADING
  11. PART FIVE: Speculating in Tropical Commodities
    1. CHAPTER 15: Cocoa
      1. OVERVIEW
      2. DEMAND
      3. SUPPLY
      4. TRADING
    2. CHAPTER 16: Coffee
      1. OVERVIEW
      2. DEMAND
      3. SUPPLY
      4. TRADING
    3. CHAPTER 17: Sugar
      1. OVERVIEW
      2. DEMAND
      3. SUPPLY
      4. TRADING
    4. CHAPTER 18: Cotton
      1. OVERVIEW
      2. DEMAND
      3. SUPPLY
      4. TRADING
    5. CHAPTER 19: Orange Juice
      1. OVERVIEW
      2. DEMAND
      3. SUPPLY
      4. TRADING
  12. PART SIX: Speculating in Agricultural Commodities and Meats
    1. CHAPTER 20: Grain
      1. OVERVIEW
      2. WHEAT
      3. CORN
      4. SOYBEANS
      5. STORAGE, MERCHANDISING, AND EXPORT
      6. PROCESSORS
      7. DEMAND
      8. SUPPLY
      9. TRADING
    2. CHAPTER 21: Cattle
      1. OVERVIEW
      2. DEMAND
      3. SUPPLY
      4. TRADING *
    3. CHAPTER 22: Hogs
      1. OVERVIEW
      2. DEMAND
      3. SUPPLY
      4. TRADING *
    4. CHAPTER 23: A Word about Forecasting Supply and Demand in Meats
      1. INTRODUCTION
      2. DEMAND
  13. PART SEVEN: Final Considerations
    1. CHAPTER 24: Commodity Funds
    2. CHAPTER 25: Sources of Market Information
      1. GRAINS
      2. MEATS
      3. FOODS
      4. LIST COMMODITIES
  14. Glossary of Common Commodity Trading Terms
  15. Index