ice, 216–217, 218Sugar, 214–216Index futures, 228–234Individual stock futures, 234–235Intercontinental Exchange (ICE), 82Interest rate futures, 222–224Internal diversiﬁcation, 25Internal Revenue Service (IRS), 56, 58International Bank for Reconstruction andDevelopment (IBRD), 228
IndexInternational Coffee Organization, 213International economic data, 98–102International Energy Agency, 158, 162International Monetary Fund, 228International Petroleum Exchange (IPE),151–152Interpreting chart patterns, 109–112iShares COMEX Gold Trust (IAU), 200iShares Goldman Sachs Natural Resources(IGE), 150iShares NYSE Composite Index Fund(NYC), 233iShares S&P 500 (IVV), 234iShares S&P Global Energy Sector (IXC),150iShares Silver Trust (SLV), 33, 200Ivanhoe, L.F., 158JPMorgan Commodity Curve Index (JPMCCI), 33Kansas City Board of Trade, 7, 82, 228Kraft, 213Laherrère, J. H., 158Lean hogs, 104–105, 196–199LEAPS options, 126–127Libra (lb., pounds), 43Light crude oil, 62, 63, 150, 151–152, 163Limit order, 83Liquid petroleum gas (LPG), 153Live cattle, 41, 43, 45, 193–194, 195LivestockFutures types, 5, 192–193Live cattle, 41, 43, 45, 193–194, 195Feeder cattle, 194–196Lean hogs, 196–199Pork bellies, 196–199Local broker, 8London Bullion Market Association(LBMA), 202London Gold Fixing, 96London Interbank Offered Rate (LIBOR),223Long position, 5–6Lumber, 43, 118–120, 189–191Margin levels, 86, 88Market diversiﬁcation, 23–25Market orders, 82–83Market Vectors Gold Miners (GDX), 200McDonald’s, 19, 65, 212, 225Metric tons (MTs), 43Microsoft, 65Minneapolis Grain Exchange, 7, 12, 14, 82MMBTUs, 42Moving average convergence/divergence(MACD), 44–46, 47–48, 115–119,232Moving averages, 112–115National Coffee Association, 213National Futures Association (NFA), 35, 82National Stock Exchange (India), 98Natural gas, 42, 107, 152, 167Nestlé, 213
243New York Board of Trade (NYBOT), 81,214, 215New York Mercantile Exchange (NYMEX),7, 81, 152New York Stock Exchange CompositeIndex, 229, 232–233Non-Farm Payrolls, 95Nongovernment organizations (NGOs), 98Non-performing loans (NPLs), 99Oats, 181–182OHLC chart, 48–49One cancels other, 83OPEC, 62, 67, 148, 152, 156–157, 159,160Open interest, 119–121Oppenheimer Real Asset Fund, 36OptionsAdvanced strategies, 136–140Bear spread, 141Bull call spread, 140–141Call, 124–126Combining, 140–143Covered call, 138Expiration, 126–127In the money, 131–132, 139Intrinsic value, 131–132Long-term, 126–127Out of the money, 131–132Put, 124–126Short, 137Spread, 140–141Straddle, 141–142Strategies, 132–136Strike price, 126Time value, 131Types of, 124–128Uncovered call, 138Valuation, 128–132Orange juice, 216–217, 218Palladium, 210–211Pattern recognition, 109–112People’s Daily, 98PESGB Newsletter, 159Petro China, 150PetroleoBrasileiro, 150Petroleum Administrator for War, 158Petroleum Exploration Society of GreatBritain, 159Pimco Commodity Real Return Fund, 36Platinum, 208–209Pork bellies, 196–199Position trader, 8PowerShares Agriculture Fund (DBA), 33PowerShares DB Gold (DGL), 200PowerShares DB Oil Fund (DBO), 33, 150PowerShares DB Silver (DBS), 200PowerShares Silver Fund (DBS), 33Precious metalsFutures types, 5, 200Gold, 200–203, 204Silver, 203–205Copper, 206, 207Aluminum, 206–208
244Platinum, 208–209Palladium, 210–211Price reporter, 85Price/Earnings (P/E) ratio, 70Procter & Gamble, 213Production-weighted method, 34Propane, 110, 117–118, 152, 168Publicly traded companies, 36–37RBOB gasoline, 42, 152Reformulated Blendstock for OxygenateBlending (RBOB), 42Relative Strength Index (RSI), 46–48,115–119, 232Reserve Bank (India), 98Reuters/Jeffries Commodity Research Bureau Index, 26, 27, 95–96, 151,230–231Rice, 175–177, 178RICI initial weighting, 28, 29, 151RiskAllocation, 71–75Diversiﬁcation, 71–75Knowledge and Familiarity, 64–65Lost Opportunity, 67–69Margin levels, 86, 88Market, 65–67Nature of, 55–58Personal, 58–60Speculation, 69–71Systemic, 67–69Transference, 60–64S&P 500 Index, 19–20, 24, 96, 229,233–234S&P Commodity Index, 27, 30, 151Sara Lee, 213Scalper, 8Schwab, Charles, 22Securities and Exchange Board of India, 98Securities and Exchange Commission(SEC), 15, 98, 235Shell Oil, 157, 158, 159Shell UK Exploration, 42Silver, 203–205Simple moving average, 114Soybeans, 182–185, 186, 187Spot price, 6–7
IndexStarbucks, 212State Department, 219State income tax rates, 56, 58State-owned enterprises (SOEs), 99,100–101Stochastics, 119–121Stop orders, 83Strategic Petroleum Reserve, 62streetTRACKS Gold Shares (GLD), 33,80, 200Sugar Association, 215Sugar, 214–216Supply and demand, 90–93Support and resistance, 108, 109–110swing trading, 105–106Telegraph, 98Times of India, 98Tracking funds, 29Treasury securities, 223Trend lines, 112–115U.S. dollar futures, 112, 114U.S. Dollar Index (USDX), 227U.S. Dollar Value, 95U.S. Oil Fund (USO), 33, 124, 127, 134–136, 138–139, 150U.S. Sugar Program, 215UN Conference on Human Environment,158Unleaded gas, 152, 165Urban Reemployment Center (URC), 100Value Line Composite Index, 228–229Vanguard Group S&P Tracking Fund(VFINX)Volatility, 108Volume, 119–121Weighting calculations, 33–34West Texas Intermediate (WTI), 95Western barley, 185–188Wheat, 50–52, 173–175World Bank, 97, 158, 228World Cocoa Foundation, 219World Energy Council (WEC), 155World Oil, 158World Trade Organization, 215WTI Crude Oil Price, 95
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