Re: Ways to gain exposure to commodities? Elite Traders
"Exposure" is a brilliant description.
If you'd like to dispose of your wealth in the shortest possible time, try Elite Traders. It will only cost you around $6K for their invaluable advice ("general recommendation only") and they will organize your wealth to dissipate at the rate of > $50K p.a. (at least based upon their last six month's failure rate of >90%). It's owned and organized by a very glib hurry scurry merchant named Andrew (ex Pom broker) who rounds up the victims and the Futures and Commodities spiel is spelunked well by a radio voice who runs the "base-camp" seminars and twice weekly online webinars for its gullible members. He (STEVEN) has a great line of concluding his spruiking build-ups by saying: "well that's a trade that I'll be in then". "It's a great story and it's backed by the fundamentals." "I'll get "THE BOYS" (HIS FUTURES AND Commodities team at Elite) to organize that for you" (his gullible audience). And so you're off into sugar, corn, live cattle, soy, wheat, oil, gold, cotton, CFD's, euro-bonds, Fx etc etc. The trade recommendations come at you by SMS and email at the rate of 3 to 5 a week..... and they fail at about the same rate.
After impoverishing the current crop of victims, of course Elite needs to continuously replenish their goon-ranks, so they have Andrew and a team of salesmen engaged in an ongoing program to suck more people in to their membership.... as the older and wiser (and now much poorer) members cease to be able to "trade". The members are never allowed to "know" each other's identities - as they might become "troublesome" and organize - or protest their huge losses.
Strangely enough, it's always the single isolated spike from a candle that takes you out of a trade and is bemoaned plausibly and glibly at the next morning's webinar as an unforeseen event that shouldn't have happened - but unfortunately was due to... (insert here the abstract but incredulous technical explanation as to why this bolt from the blue struck one's trade down causing total loss). In fact all it takes is an opportunist sale/purchase at below market price by their cooperating and account-holding Bank in Denmark to make the market-makers and their broker stooges happy as Larry. One spike and it's a done deal. They operate through Halifax as intermediary and account holders (not the bank, the brokers).
That they can continue to fail legally is beyond doubt. That they operate in your best interests isn't. But positivity is the name of their game. Their aim is to sell you on a trade and then to later explain away why it came unstuck, stopped you out and lost you your dough. But there's always another great story and another great trade just around the corner.
Stay clear. You've been warned. Paying $6K to be a loser? Nobody needs that burden.