June 18, 2009 by Joe Ponzio

As I mentioned in this post, I got rid of DBB – the base metals ETF. Admittedly, I’m hanging my head in shame – not because we lost money (actually, we made money) but because I made a stupid judgment mistake that cost us opportunity. (Fortunately, there’s a lesson in…

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April 27, 2009 by Joe Ponzio

There is no discounted cash flow method for commodities. They don’t pay dividends or bear interest rates; they don’t generate cash. Long-term investing in commodities is all about finding opportunities where supply and demand are out of balance and the price is low relative to where it “should” be on…

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April 27, 2009 by Joe Ponzio

In general, there are four main factors that affect commodities prices: Supply & Demand Inventories & Stocks Currency Inflation Let’s go down the list to best understand their harmony. We’ll start in a tiny, isolated town of farmers and families.

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April 27, 2009 by Joe Ponzio

Mention the word “commodities” and one of three images usually pops into mind. Some people immediately think of Trading Places, of Louis Winthorpe and Billy Ray Valentine cornering the orange juice market and issuing a false crop report to the Duke Brothers, leaving the Dukes high, dry, and utterly broke.…

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April 5, 2009 by Joe Ponzio

I appreciate your patience with the lack of posts here on F Wall Street. As you may have noticed from this comment, I had the honor of being invited to speak to the MBA students at Howard University in Washington DC on March 13th. I’m working on getting the video…

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