Commodities Rising: The Reality Behind the Hype and How To Really Profit in the Commodities Market - Hardcover

Christian, Jeffrey M.

Hardcover

ISBN 10: 0471772259 ISBN 13: 9780471772255

Publisher: Wiley, 2006

Synopsis

"Commodities Rising, part memoir and part investment guide, provides a unique and practical perspective that is based on a rare combination of professional experiences."

-Donald F. Larson, Senior Economist, World Bank

"Jeffrey Christian brings twenty-five years of commodity market experience to his thoughtful and insightful new book. A keen analyst, Christian debunks many commodity market myths. There has been a substantial underinvestment in commodity research of late. His book is a 'must-read' for any investor wishing to avoid the pitfalls present in physical commodity investments."

-Terrence F. Martell, PhD, Saxe Distinguished Professor of Finance, Director, Weissman Center for International Business, Baruch College, CUNY;Public Governor, New York Board of Trade

"If you've read one of the recent 'commodity craze' books, you'll appreciate the more careful, thorough account Christian provides here. His anecdotes and analysis will convince you that this is truly an insider's assessment."

-Peter A. Biebel, Vice President, Director of Futures Research, A.G. Edwards & Sons, Inc.

"In addition to its depth, Christian's book is extremely reader-friendly, presenting commodity issues from various angles. I strongly recommend to anyone interested in commodities that they read this book; and to those still unfamiliar with the subject, I recommend that they take a look. The rewards will be significant, intellectually and possibly financially."

-Takamasa Akiyama, Professor of Development Economics, Nihon University, Mishima, Japan, and Senior Advisor, Foundation for Advanced Studies onInternational Development (FASID), Tokyo, Japan Analyze the current commodity environment and look out over the next few years to identify potential profit situations in Commodities Rising. You'll learn how commodities can be used to reduce risk and increase returns in a balanced investment portfolio. Author and commodities expert Jeffrey Christian debunks much of the misinformation currently circulating about commodities and provides a reasoned reality-check you can use to evaluate the claims and promises of various publications and brokerages in the commodity field. Specific issues addressed throughout this book include:

• the variety of commodity investments?exchange traded funds, stocks, futures, and options;
• commodities in the global economy;
• commodity trading/investing strategies.

Filled with in-depth insights and engaging anecdotes gleaned from the author?s 30 years in the commodity markets, this is an invaluable resource for the serious investor or trader.

About this title

About the Author

JEFFREY M. CHRISTIAN is Managing Director of the CPM Group, one of the world's premier precious metals and commodities research and consulting companies. He began his career in commodities as a journalist at Metals Week, and then moved to J. Aron, which later became the commodities trading division of Goldman Sachs. Mr. Christian founded CPM Group when he spun off his research team from Goldman Sachs in 1986. He speaks frequently at commodity industry conferences and seminars, and oversees the publication of CPM's renowned precious metal yearbooks. Mr. Christian is quoted frequently in the financial press and has appeared on several financial news programs to discuss commodities.

From the Back Cover

Praise for Commodities Rising

"Commodities Rising, part memoir and part investment guide, provides a unique and practical perspective that is based on a rare combination of professional experiences."
―Donald F. Larson, Senior Economist, World Bank

"Jeffrey Christian brings twenty-five years of commodity market experience to his thoughtful and insightful new book. A keen analyst, Christian debunks many commodity market myths. There has been a substantial underinvestment in commodity research of late. His book is a 'must-read' for any investor wishing to avoid the pitfalls present in physical commodity investments."
―Terrence F. Martell, PhD, Saxe Distinguished Professor of Finance, Director, Weissman Center for International Business, Baruch College, CUNY; Public Governor, New York Board of Trade

"If you've read one of the recent 'commodity craze' books, you'll appreciate the more careful, thorough account Christian provides here. His anecdotes and analysis will convince you that this is truly an insider's assessment."
―Peter A. Biebel, Vice President, Director of Futures Research, A.G. Edwards & Sons, Inc.

"In addition to its depth, Christian's book is extremely reader-friendly, presenting commodity issues from various angles. I strongly recommend to anyone interested in commodities that they read this book; and to those still unfamiliar with the subject, I recommend that they take a look. The rewards will be significant, intellectually and possibly financially."
―Takamasa Akiyama, Professor of Development Economics, Nihon University, Mishima, Japan, and Senior Advisor, Foundation for Advanced Studies onInternational Development (FASID), Tokyo, Japan

From the Inside Flap

Commodities markets are a fascinating part of the world economy and financial markets. Besides being the building blocks of the real economy, commodities provide investors with superior long-term investment performance results and offer traders tremendous short-term opportunities.

Over his thirty-year career, commodities expert Jeffrey Christian has gained broad firsthand knowledge about how these markets work; how commodities are monetized and traded around the world; and how these various transactions are executed. Now, in Commodities Rising, he wants to share those experiences with you.

Written in a straightforward and accessible style, Commodities Rising analyzes the current commodity environment and looks out over the next few years to identify potential profit situations for investors and traders. More importantly, it will show you how commodities can be used to reduce risk and increase returns in a balanced investment portfolio. You'll be introduced to a variety of ways in which you can gain exposure to commodities through both direct and indirect means as well as discover some specific strategies that will allow you to use the instruments you choose effectively and manage your positions with confidence.

Commodities Rising also works hard to debunk much of the misinformation currently circulating about this market, and provides a reasoned and authoritative reality check. Some of the more widely circulated myths are addressed, including the concept of a long-lasting supercycle in rising commodity prices and the idea that China will be a massive consumer of commodities whose actions will drive prices even higher.

The second half of this book takes a deeper look at sixteen specific commodities grouped under the following headings:

• Precious metals: gold, silver, platinum,and palladium
• Energy: petroleum, natural gas, and uranium
• Tropical agriculturals: cocoa, coffee, and cotton
• Grains: corn, soybeans, and wheat
• Base metals: copper, lead, and zinc

Each chapter includes critical background information needed to assess the attractiveness of these individual commodities as investments.

Filled with in-depth insights, practical examples, and a number of engaging anecdotes, Commodities Rising is an invaluable informational resource for today's serious investor or trader.

Edition details

• Publisher: Wiley
• Publication date: 2006
• Language: English
• ISBN 10: 0471772259
• ISBN 13: 9780471772255
• Binding: Hardcover
• Edition number: 1
• Number of pages: 272