Only a few days left to the end of the year. It has been the most difficult year in my trading history. Fortunately, we have made a profit of 19,94% during 2012, including the 2,5% we made in November. As usual, meats and energies performed very well the last month of the year and helped us to finish the month in positive. I am not expecting big changes in the last week of the year, although the US Government indecision about the “Fiscal Cliff” and the low volume of trading can make markets even more volatile.
Regarding the strategies, we are getting in bit by bit and then in seasonal meat spreads for 2013 and 2014, these are long term strategies and consequently more volatile than the short term ones. These differences come from the settlement prices. As you already know, the CME takes the settlement price from the pit close and all of these spreads have large discrepancies between the settlement price and the real globex price. Unfortunately, we cannot do anything about it, sometimes it is in our favor and sometimes it is not.
This is the last newsletter of this difficult year so let me say thank you all for trusting me.
I wish you a Merry Christmas and a Happy New Year.
— Gregory Placsintar
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THE RISK OF LOSS IN TRADING COMMODITIES CAN BE SUBSTANTIAL. YOU SHOULD, THEREFORE, CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE IN COMMODITY TRADING CAN WORK AGAINST YOU AS WELL AS FOR YOU. THE USE OF LEVERAGE CAN LEAD TO LARGE LOSSES AS WELL AS GAINS. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.