Copper bull market
Most analysts believe this deep global recession has abruptly ended the powerful secular commodities bull that was born at the turn of the 21st century. And it is certainly hard to argue this point considering the dismal panic-selling-induced performance of nearly all commodities. The volatility and fear that took hold of the markets have given…
Be careful of junior gold miners
By Scott Wright, Zeal Junior gold stocks are a contingent of the greater junior resources circuit that has simply been obliterated in the recent stock panic. Even though gold has been strong over this stretch, the risk capital that usually finds its way into these gold explorers had all but left the scene. Measured by…
The mysterious world of stock forums
Death threats, politics, allegations of insider trading… Historically the mysterious world of online stock forums is awash with allegations of dark and sinister goings-on and while many today claim to have stamped out practices such as “ramping” and multi-niccing” the reality is that a cloud will continue to hang over all of them until the…
The Travails of Larry Williams, Futures Trader
In May 2006 Larry Williams was arrested in Sydney by federal police. Up until recently Williams was confined to the Sydney CBD awaiting possible extradition to the US on tax evasion charges. He can now go anywhere in Australia, so long as he posts his movements to police. Karin Derkley speaks to him from his…
A story of a home-based trader – Vimal Mehta
Commercial pilot Vimal Mehta often has hours to kill in hotel rooms during stopovers between flights. But he deliberately chooses not to spend this time trading. The 36-year old says that while this may seem like the ideal opportunity to work the market he finds that the situation puts too much pressure on him to…
The ten most important technical indicators to know about
Trading software programs have almost reached the point where there is an overload of capability. Most packages now come with 100-120 different indicators, tests and overlays. Many people who buy software programs will never get to use all of the stuff that the program contains – which means narrowing down the array of indicators to…
Elliott Wave theory spells doom and gloom for the US market
Dinner party chatter around the country has swung from property prices, auctions and renovations to resources stocks and the sharemarket. Sometime in the future, the theme might be investing internationally, or art, but one thing is for sure – a common topic will be found because society moves in waves. Elliott Wave theory, a variety…
Renowned Turtle Trader grossed $US384,000 in his first year
The Turtle Traders’ legend began with a bet between American multi-millionaire commodities trader, Richard Dennis and his business partner, William Eckhardt. Dennis believed that traders could be taught to be great; Eckhardt disagreed asserting that genetics were the determining factor and that skilled traders were born with an innate sense of timing and a gift…
Professional trader makes big bucks from home
After spending eight years in Asia as NAB’s head of trading Doug Goldsmith returned to Australia in 2005 to assist in re-building the bank’s local and global treasury operations following the institution’s $360 million illegal trading and foreign exchange debacle. Six months later Goldsmith put his extensive experience across all products to the test and…
