How I Made $1,000,000 Dollars Last Year Trading Commodities by Larry Williams

How I Made $1,000,000 Dollars Last Year Trading Commodities Larry Williams ebook
Page: 130
Format: pdf
Publisher: Windsor Books
ISBN: 9780930233105

Those inflows made the currency stronger and eroded Brazil's competitiveness. Its trade surplus registered a fall of 74.3 percent from last year. In May this year, Brazil's exports dropped 5.9 percent year-on-year to 21.8 billion dollars, while imports increased 4 percent year-on-year to 21.1 billion dollars, official figures show. But a group investing in oil fields, mines and refineries will have to tie up many millions of dollars of capital for long periods—perhaps 20 or 30 years. Brazil recorded a trade surplus of 760 million U.S.dollars in May, the lowest since 2002, the Ministry of Development, Industry and Trade said. This week Net lending to the economy declined by £200 million in the first quarter of 2013. Bank of illegally handling customer funds from failed brokerage firm Peregrine Financial Group. Such a scenario also weighed on commodity currencies (affected by the correction undergone by commodity prices) and on emerging currencies (affected by profit-taking on emerging debts). Peregrine filed for bankruptcy protection last July. The correction of equity markets (by more than 3% last week) benefited the Japanese yen and Swiss franc – but no longer helped the US dollar, which instead corrected sharply. The Commodity Futures Trading Commission filed a civil lawsuit Wednesday accusing U.S. Traditionally they have been very secretive—it was their intelligence about commodity market opportunities that made them more profitable. Twenty years ago, there were typically 15–20 traders in each commodity, whereas today there are around 15 large houses globally trading across a range of commodities. Bank held funds of the collapsed Peregrine, whose founder and CEO, Russell Wasendorf Sr., was found guilty of stealing $215 million from customers over two decades and sentenced in January to 50 years in prison.