Hope your all playing the grain markets......

Fishhead · Dec 12, 2007

<TABLE class=bcsubtable cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR id=headershade vAlign=center><TH class=headermedtext>Other Commodities
</TH><TH class=price>Price</TH><TH class=change>Change</TH><TH class=datacell>High</TH><TH class=datacell>Low</TH><TH class=datacell>Settle</TH><TH class=timestamp>Last Update †</TH></TR><TR class=rowcolor1 id=tablerowlg><TD class=textcell>Corn (CBT)
March 08 (cents per bu.)</TD><TD class=last>433.00</TD><TD class=change>+9.00</TD><TD class=datacell>433.75</TD><TD class=datacell>424.00</TD><TD class=datacell>424.00</TD><TD class=timestamp>12/12 2:14pm</TD></TR><TR class=rowcolor2 id=tablerowlg><TD class=textcell>Soybeans (CBT)
January 08 (cents per bu.)</TD><TD class=last>1,150.00</TD><TD class=change>+14.50</TD><TD class=datacell>1,153.00</TD><TD class=datacell>1,132.00</TD><TD class=datacell>1,135.50</TD><TD class=timestamp>12/12 2:15pm</TD></TR></TBODY></TABLE>

Fishhead · Dec 12, 2007

Corn at 4.33

Not so long ago, corn was under 2.00 per bu.

Fishhead · Dec 12, 2007

Two weeks ago, the U.S. dollar bottomed out and it has since rallied more than 2%. Two weeks ago, crude oil futures topped and have since declined more than $11. Both of those markets were providing support for corn prices, but even though they have reversed course, corn futures have steadily marched higher. The new support comes from wheat, beans and fresh speculative money. I mention these “other” supports, as the corn fundamental picture really doesn’t look all that bullish by itself. The day that corn runs out of these “other” supports, this market could face a wicked round of long liquidation. Keep in mind that persistent large deliveries against December corn futures clearly demonstrate that supplies aren’t tight on corn right now. This latest rally is being driven by money and fear, not a true short supply situation.<?XML:NAMESPACE PREFIX = O /><O

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VIEJODINOSAUR · Dec 12, 2007

Damn, I thought you said PORN!! I'm busted again...

PBR · Dec 12, 2007

VIEJO DINOSAUR said:
Damn, I thought you said PORN!! I'm busted again...

:lolBIG:

Mamon · Dec 12, 2007

My hero!

PBR · Dec 12, 2007

Mamon said:
My hero!

Hey Mamon, rate the last poster is a different thread

Mamon · Dec 12, 2007

Fish, you want money..

Pvx
Pgh
Pwi
Pwe
Cne
Erf

All 11% yield or better that is paid to you monthly for income or reinvestment.

1 million at 12% yield is 10 thousand per month. Since you have stated you are a millionaire, here you go. Make money on oil! You have to move to Canada to skip the 15% tax to Us and you can scalp at Pinny too.

Fishhead · Dec 12, 2007

Mamon said:
Fish, you want money..

Pvx
Pgh
Pwi
Pwe
Cne
Erf

All 11% yield or better that is paid to you monthly for income or reinvestment.

1 million at 12% yield is 10 thousand per month. Since you have stated you are a millionaire, here you go. Make money on oil! You have to move to Canada to skip the 15% tax to Us and you can scalp at Pinny too.

What are these, stocks?

By the way, barely do I have a pot to piss in.

Mamon · Dec 12, 2007

These are Energy Trusts from mostly Canada! The monthy dividend is the key for income and retirement from the man!

Mamon · Dec 12, 2007

Or for saving by reinvesting monthly.

bigtendominator · Dec 12, 2007

I have no knowledge or understanding about futures markets. I was wondering if anyone could recommend a good book or website that give you some basic knowledge. Not looking to invest, just looking to learn.

Fishhead · Dec 12, 2007

bigtendominator said:
I have no knowledge or understanding about futures markets. I was wondering if anyone could recommend a good book or website that give you some basic knowledge. Not looking to invest, just looking to learn.

Read anything and everything written by Jim Rogers on the subject.

bigtendominator · Dec 12, 2007

Fishhead said:
Read anything and everything written by Jim Rogers on the subject.

Thank you.

DayTraderNation · Dec 12, 2007

Mamon said:
Fish, you want money..

Pvx
Pgh
Pwi
Pwe
Cne
Erf

All 11% yield or better that is paid to you monthly for income or reinvestment.

1 million at 12% yield is 10 thousand per month. Since you have stated you are a millionaire, here you go. Make money on oil! You have to move to Canada to skip the 15% tax to Us and you can scalp at Pinny too.

mamon,

Could you give me more info on this? Is this guaranteed or is risk still involved? I am no millionaire but a friend is worth 10's of millions. If this is legit, I would move to Canada in a second if he fronted the dough.

Mamon · Dec 12, 2007

Well in US you get the yield minus 15% forgiegn tax monthly. So you don't have to go to Canada, you just lose the 15% before payment monthly. That's about it. Candian oil cost more to get and produce since its in sand so you need oil over 55$ a barrell to keep this up. Oil will run out one day so take the money now and then buy bonds at 7% with the extra cash from your 14% avg for the next 20 years to cover yourself.

Mamon · Dec 12, 2007

Also in 2011 tax laws change in Canada so expect 2% less but stock prices are priced into this as they tumbled 2 yrs ago when this tax was anounced. If Oil goes to 150 a barrel in ten/15 years then you have way more too as stock prices will double and as a trust they are forced to pay max dividends.

Mamon · Dec 12, 2007

Canada has more oil than the Middle East.

BAGIANT · Dec 12, 2007

I'll tell you a secret. Back in the 70's grain did the same thing and farmers slaughtered their hogs instead of feed them. Price on pork bellies dropped like crazy and I figured out that after the fall in price, there would have to be a tremendous rise when there became a shortage of hogs for the market. I was a broker at the time and turned a $3000 investment into a $250,000 profit. That's how I wound up moving to Calif. for the rest of my life.

DayTraderNation · Dec 12, 2007

Mamon said:
Well in US you get the yield minus 15% forgiegn tax monthly. So you don't have to go to Canada, you just lose the 15% before payment monthly. That's about it. Candian oil cost more to get and produce since its in sand so you need oil over 55$ a barrell to keep this up. Oil will run out one day so take the money now and then buy bonds at 7% with the extra cash from your 14% avg for the next 20 years to cover yourself.

mamon, you in canada? Do you do this now?