Always be first to know about the latest donations coming into the shop! Every time we get a box of something special, we'll blog it right here. That way you won't end up coming in right after the books you wanted got sold. We look forward to seeing you often and making your book shopping much easier!



Sunday, March 18, 2012

Sure Thing Commodity Trading (?)

Sure Thing Commodity Trading: How Seasonal Factors Influence Commodity Prices, by Larry R. Williams (oversize HC, 1987, $10, which is 1/3 the internet price.)

Funny, I never put the phrase "sure thing" in the same sentence with "commodity trading." This author may, though, have felt pretty sure of  himself- He had just written the book "How I Made One Million Dollars Last Year Trading Commodities". Now that 25 years have gone by, I wonder how well his system has held up.

The following commodities are analyzed in depth (or at least they have their own chapter): cattle, copper, corn, cotton, eggs, flax, hogs, oats, orange juice, plywood, pork bellies, potatoes, soybeans, and wheat. Included in the commentaries, but in a shorter version, are cocoa, silver, and sugar. But where is coffee? AND WHERE IS GOLD! Come to think of it, where is oil? Why is coffee less seasonal than cocoa? And why is gold less seasonal than copper and silver?

One thing I do know- Pork bellies futures are no longer traded. In the past pork belly trading was hot, but not now. No one wants to move around the actual meat, which you had to do if you trade in that commodity. (At least that is what the WSJ says.)

Look for this book on the new non-fiction table, avail. 3/23.  (L. ec.)