A Bullish Conversation With My Brother
My brother who lives in Russia, and travels all over the former Soviet countries gave me a call on Skype. He timidly asked, "how is your portfolio?" I replied some good some bad. Not complaining.
I ask, why the interest in the market. He replied "I want to start trading commodities." I asked, "huh?" You the reader know how much I think of trading commodities, don’t need to explain that one. But my brother seems to have a knack for knowing the movements of commodities. Around 2006 he said, "Christian you got to invest in platinum." He asked, what do you think of X. I said, "Simon no idea because I don’t know the commodity market."
So I am now helping him to open a trading account to trade commodities. Though what was interesting was how he talked about the future. He was bubbly about commodities. Though not all of them, only specific ones.
He said, paraphrasing:
"Christian you should get out of your bunker for a while and smell the air. The economy is humming along quite nicely. Demand is increasing again… and I think we have hit the bottom of commodities…"
While I don’t want to talk about what brother thinks is a good buy he did say not to touch gold. He thinks there is an oversupply of Gold on the market. While he said Gold might go up he is bearish.
Hello There Mr Roboto!
(the song and era says it all... http://www.devspace.com)
3 Comments Add your ownSubscribe
1. Jan | October 15th, 2008 at 3:04 pm
You’re making me curious!
Maybe you can tell us about what your brother thinks is a good buy, after you both bought. That way us jumping on the bandwagon won’t harm you.
2. Christian | October 19th, 2008 at 4:59 pm
Well, one of the picks by my brother was lead.
I don’t invest in commodities. He is the commodity guy. And I never did understand why lead, since it seems very bearish.
So I decided to do some research. I found two very interesting uses.
http://en.wikipedia.org/wiki/Lead
Lead-based semiconductors, such as lead telluride, lead selenide and lead antimonide are finding applications in photovoltaic (solar energy) cells and infrared detectors.
Molten lead is used as a coolant, eg. for lead cooled fast reactors.
With a potential change in energy policy lead could become a very hot commodity since it could be used in the nuclear (radiation), and solar energy field.
The other one is just as mind baffling. But for some odd strange reason my brother has been able to pick commodities pretty well. Let’s put it this way, he out-performed me by a long shot!
3. Jan | October 20th, 2008 at 4:22 am
Thanks!
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