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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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From: russwinter10/15/2004 9:21:51 AM
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Answer to several PM questions I've had about futures, commodity and forex accounts. I don't especially recommend any specific broker, but I use Lind Waldock, which of course has discount online trading. I'm sure others may have recommendations? You'd just have to familarize yourself with contract sizes, the months, and specifics of each future. Waterhouse offers LW though a linked account, so you can just shift money back and forth as needed, and that's what I use. Maybe other firms have a similar setup. They need a 10k minimum to maintain the account. You could also go directly through LW or any number of online discount commodity brokers, shouldn't be a problem at all.

Personally I feel a commodity account is essential in the Train Wreck, Crack up Boom environment. Not having one is a bit like going into a major battle, with a 22 calibre. It seems many here get overdependent on trading precious metals stocks? I use them too, but companies can have outlier problems: project and permitting delays, poor managements (widespread problem among metals companies), the list goes on.
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