In 1983, two great commodity traders and friends were having an argument. One was of the opinion that great traders are made. The other said,” No, they are made.” Both had a bet. They placed an ad in the famous Wall Street Journal, The New York Times and the Barrons for novices to apply for apprenticeship as commodity futures traders. Lo ahd behold many hundreds applied. Only 13 novices who had never traded anything before were selected and taught by these two great men how to trade commodities. Thus the great Turtle Trading Experiment in the history of trading was born. These novices were called as Turtle Traders by the two great traders. Ultimately almost all succeeded and became millionaires themselves. Learning commodity trading is not difficulty. This is the best time to do it. Commodity markets have entered a historical bull market that will continue for many decades in first half of the 21st century.
Commodities like gold, silver,oil, copper,uranium, wheat, cotton and other are experiencing an all time high historical prices. Gold prices recently breached the unheard of historical barrier of $1200 per troy ounce. Gold prices have retraced somewhat, but the market is poised for another rally in gold prices in the next few months. Other commodities are also experiencing a all time high demand. Crude oil is expected to reach close to $200 per barrel in the next few years with the global economy finally out of recession. What we are watching is a secular bull market in the commodities. This secular bull market may continue for many decades in 21st century. That is why it is being said that 21st century belongs to commodity trading. The fundamentals behind this secular bull market are strong. Continue reading ‘Commodity Markets in a Boom For Many Decades in 21st Century’ »