How Commercial Traders Exploit Cash Commodities
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- Опубликовано: 9 окт 2017
- A groundbreaking documentary investigating those behind the high stakes global commodity markets: commodity traders, from the Chicago Board of Trade to Brazilian sugarcane fields, Geneva’s headquarters and Kazakhstan pipelines.
#Traders #Commodities #doсumentary #stockmarket #investing #Documentaries
Definitely the best documentary on commodities I've ever seen, thank you so much!!!
I concur
They’re zipping coffee like someone snorting cocaine 😭😂
This is the best commodities trading documentary I ever watched! Still relevant in 2023.
A 2020 documentary published in 2017......Amazing!!!
and calling the 21st century the 20th century in the opening.
Interesting to see futures traders who actually take delivery. So few seem to these days at least in the futures I'm familiar with.
American: There are a LOT more speculators and hedgers, generally, than those who actually want to buy or sell the underlying commodities.
Of course, the fact that so many speculators exist is a GOOD thing for the business people who want to use those markets though, as they provide a ton of liquidity, ensuring fairer prices over time.
Interesting!
In this business, you are just one trade away from humiliation or even annihilation. The trick for survival is to never take-on too much exposure in a single trade.
they are pros not just regular suckers
Don’t always look for the easy way out, it’s in the times of the most adversity that we experience the most growth. The more productive work you put in today in developing your trading skills, the better off you will be in ten years.Make sure you’re progressively getting better everyday in trading. I’d much rather be the tortoise than the hare,
because I actually get to win the race with my Blended Model strategy. Bottom line is, you have to be willing to pay the price today, then you will be able to say it one day that you’ve “made it”. Keep going, never stop, don’t be afraid of hard work, and never forget your goals and purpose. If you want to learn a powerful trading method based on Forex commodity patterns in combination with technical analysis,i highly recommend you to the *Blended Model Strategy* by Dmitry Vladislav and get your copy of the ebook.. you can find more about it online when you search.
Platinum is the market to get in on!
@@wanderlei_pipkin These Wall Street guys go broke all the time. Do not get it mixed.
All it takes is too much exposure, and a few un-anticipated moves and you are fucked.
Yeah, this video was put out 2 years ago, and before seeing this, I heard China and Africa were already working together. Just filming this, those Chinese could easily go to Africa and cut out that white guy🤪
As a former commodity broker, this is a welcome descriptive view, especially when most of us in the comment section either relate only to, or perhaps dabble in, cash settled futures contracts on products we… might not even want to take delivery of.
The most profitable day I had was when a container of cargo for a department store had no home and the container was probably running $550 per day and there was another condition that isn’t worth the typing, short story long, a warehouse and dock were the difference between several young men myself among them, being the difference between a many thousands of dollars each opportunity (it was not on skids, and we probably put in 19 hours that day).
If you’re a successful paper commodities trader, that’s a resume for many large manu’s.
Let’s all remember that revenge speculation is real. It’s not worth it, we just shave years off of our lives and quality as well. Housing, Crude, Currencies, Lumber, revenge speculation hurts a lot more people than the trader with a get even ego.
You write like a broken AI bot.
27:03 my dad's first job was a commodity trader (chocolate and palm oil) then had a second career as a banker for 23 years. He said the exact same thing about bank. 😂😂😂
wise man.
Views of all side involved. Smithsonian, thanks!
Most people remain poor only because friends and relatives discouraged them against investing.
Fascinating documentary! Simply stunning!
Wonderful documentary with exquisite timing to cross one’s path
Quants, have affected almost every aspect of the financial market. Many times as pointed out in this informative video simply by mathematically reacting to an Algorithm rather than actual market conditions.
The translation for the oil trader example is very poor . For rectification he said “you will try to make a 100 000 profit but could be exposed to a 3million lose “
wow thanks,... how they screw up on something so important like that....
I figured thats what he meant
yeah for a substance that is so important for the function of a modern society they really did not get into the topic in any meaningful way!
If the risk was as low as he said in the documentary, sign me up!
Risking 3 Million to make 100Million?? Sound like a good deal 😁
48:11 was surprised to see in this very interesting doc the first place I have ever worked at: the Port of Santos. I was an administrative assistant at a huge wheat storage, and can remember to this day the strong smell - and how the guys who handled it directly had to wear masks to prevent intoxication - they used to say breathing it [or the mold] could drive you crazy...
Fantastic insight into what happens in the real world. Particularly now.
Wow, what excellent work. Logo appearing on screen says "Smithsonian" (U.S. museum) but production credits appear to be French. Does anyone know who produced this? Thanks.
The Producer agrees on a selling Price, one year prior to the harvest. This is the Price the Trader will have to pay, then the Trader makes a deal with the buyer, this was original established to avoid changes in the Dollar. But 1 year is a long time and a lot of things can happen, so this is a risk they take.
So the risk is always there, with or without the trading of the financial market.
Trading, speculating, and investing. ☺
Technically, the same thing.
youre lost between literal and the figurative
There is very little information about commodity trading out there. This is very good material.
Smart people are the master race.
Traders are liquidity providers. They are either price takers or price makers. Best futures traders I’ve seen mostly all trade varieties of spreads and aren’t reliant on market direction or momentum.
What GLEE !!! LOVING IT!!! Watching greedy speculators, predatory lenders and death grip (mortgage) holders LOSE EVERYTHING fills us with JOY !!! HA HA HA HA !!!
Great documentary, I learned a lot. And it's entertaining too. Thanks for sharing.
From Reggio di Calabria 🇮🇹
Blaming free market has become fashionable biz despite getting funded by free markets
Mark Rich was protected you don't get to that level without network.
He was tipped off numerous times when his jet was going to intercepted by the FBI. Someone in the United States at a very high level was helping him avoid arrest.
43:40 That guy is a legend, full presence for the interview, whilst keeping an eye on his stocks
The guys a convicted fraudster. "Herschel C. Knippa III, also known as “Tres,” a former registered broker and owner of a commodities trading firm who regularly appeared on television news networks to discuss investment strategies, was sentenced August 9th, 2017 in Brooklyn New York to 15 months in prison, three years of supervised release, $3,570,000 in restitution, and $120,000 in forfeiture. Knippa had previously pled guilty to securities fraud conspiracy for his role in the fraudulent market manipulation of ForceField Energy Inc. (ForceField), a publicly traded company previously listed on the NASDAQ under the ticker symbol “FNRG.”
@@villumschroeder1255 THANK YOU for that information!!! Yeah, just something wasn't right about his appearance, like shyster, a certain nervousness that was there, very subtle but it was there.
Was going to watch it but as usual, read some comments first. Thanks for saving me time😂😷
You should watch
l am one of the Victims. At first, the software seemed to be really professional and authentic I found many favorable reviews about its performance and delivered results. So, I decided to invest in it and try to achieve success in the online trading sphere. Soon, I realized that the software was swallowing all my investments. Brokers are nothing more than a dangerous and fraudulent platform. I invested over $ 140,000 and couldn't withdraw my money, months passed and still nothing So, I reached out to Amanda Louis to help me recover my funds, I have been able to recover $ 100,000 and the remaining $ 40,000 is in progress. I really can't tell how happy I am. Contact her via mail: amandalouis855@gmail.com
Is this how you make decisions?
Wish i could learn something like this, and work from home. So sick of the daily grind and hurting my body.
Facts
Have major discipline and and never break your rules trade by the 2%-6% rule placing trades is the easy part the psychology of trading is what brings losses for most amateurs
Solution for the small farmers? Form a cooperative.
it hurts me to see alot of people complain about fake traders and scammers, well i only entrust my investment with Mr. william , he really got a reliable strategy, contact him at
:(( + 1 8 5 8 4 1 3 7 5 6 6. :))
Very well done
10:55 - we should do this every morning in office as wakeup and bounding ritual.
They don't drink it, they spit it out.
I told you guys a discount sale of America was coming. It's time to buy your piece of the pie.
Personally, I've added to TSLA & AAPL after the price dropped by -1.5% on each this morning and plan to buy more of each if they reach -2%.
PEACE ✌ OG-RB
I got your back, with God as my witness!
I appreciate the Comment Highlight, your Awesome. Thanks! OG Reggie B.
Why would you buy TSLA
@@TheBulldogsk8 , I buy TSLA because it's the most disruptive and innovativing company on the USA stockmarket today and it has given me the most return on my money, year after year for the last three years out of FB, AAPL, AMZN, NFLX GOOGL & MSFT.
I hope this answers your question, as to why I buy TSLA.
Peace 🧐 OG Reggie B.
THE ROBINHOOD OF TRADERS
@@Tweetogreggieb59 its not disruptive or innovaive. The cars suck.
@@TheBulldogsk8 , if you say so. Peace!
He lost me at the top by calling this the beginning of the 20th century.
@@stevenjordens1 shame, it's actually a brilliant documentary
So very true! U want to grow your account, then add to it slowly like a savings fund until u r confident enough to take higher percentage risks that still doesn't threaten your account.
Did he say, "Here at the beginning of the 20th century"?
Yes he did. I am amazed at how they were able to make this video 100 years ago.
the program was filmed more than 10 years ago.. the title is wrong.
How I know where Starbucks gets their coffee it's the stuff that these guys spit out 😂
My highest respect for the traders. They create markets and accept risk the banks and insurance companies will not take on. They take on risk. Sometimes they make a profit. Others times, as two companies in this report revealed, they are forced out of business due to loses. Did you see how ethical these people are? No Jew lawyer contracts. They do business by verbal agreement and a handshake. They are trustworthy. Everyone interviewed was honest and straight forward. No one snickered, made a snide remark, or made condescending or smirking laughter. They want free trade, not government interference. I also respect investors in business. They take on risk. They create jobs and provide products and services. Many times they lose money and are forced out of business. But, they are trying to create something. Hard to break into. Must have family knowledge passed down.
Don't be naive, not everything is always honored. Of course they wouldn't say that on camera, they're not stupid.
"No Jew Lawyer contracts" was that really necessary? You obviously don't know a verbal agreement and handshake is exactly how jewish traders have operated in business for centuries and has been carried through to trading in general.
@EliManningsChub 12 year old !! really ???? - even watching this , nevermind commenting on it and having an opinion on traders and dodgy lawyers - I seriously doubt it!! Lol
Don’t always look for the easy way out, it’s in the times of the most adversity that we experience the most growth. The more productive work you put in today in developing your trading skills, the better off you will be in ten years.Make sure you’re progressively getting better everyday in trading. I’d much rather be the tortoise than the hare,
because I actually get to win the race with my Blended Model strategy. Bottom line is, you have to be willing to pay the price today, then you will be able to say it one day that you’ve “made it”. Keep going, never stop, don’t be afraid of hard work, and never forget your goals and purpose. If you want to learn a powerful trading method based on Forex commodity patterns in combination with technical analysis,i highly recommend you to the *Blended Model Strategy* by Dmitry Vladislav and get your copy of the ebook.. you can find more about it online when you search.
why does the title say 2020 for a video posted 2017 that looks even older
05:30 Oil Trader EXAMPLE, "Trying to make a $100,000.00 profit Trade can cost you $3,000,000.00 million Dollar loss." - Translation Fail
He said $100,000,000.00 not $100,000.00. (one-hundred million.)
@@teksal13 Translation error, in french, he says 100'000 which actually makes the English statement more impactful. Because it is normal to risk a loss of 3million for 100 million but not 3million for 100 thousand.
1. 25:40 how does the bank finance without taking the risk of default ?
Finance engineering equals developing new ways to trick others for a profit.
Best statement i've heard to date'
"Free markets for free men"
Fucking love it!
He should be out of prison by now.
We make money taking the opposite side of trades selling calls?
Thank you so much
Mr Green Bickmore is also a good trader, he has good trading strategies, I have made so much winnings trading with Mr Green Bickmore.
I make $180,000 every week trading with Mr Green Bickmore
Greenbickmore@gmail.com is the mail I used to contact him. You can trade with Mr Green Bickmore and see for yourself
Being profitable in the forex market requires a good trade system but remaining profitable that requires skill, experience and expertise.
It’s very important to trade with a genius person with the master plans to create more profit than expected. Mr Ben foster is the chief architect of stock / forex trading.
@@gracefloyd426 When you have the encouragement, trading will never be an issue because with the right person in place, your capital is secure and profit is 100% guarantee . I am part of the beneficially of Ben foster and i have never regretted it .
@@rebeccatyron3442 Are you talking about the American trader I saw some positive reviews about him. I can attest Mr Ben Foster is a good expert.
@@esmondfinnagan9001 How can i also be part of his platform & also contact him ?
@@dynelwinsome7324 He’s easy going to get along with and no need for panic trading with Mr Ben, Work with him(consultantbenfoster@gmail.com)
Technology has permitted control of these markets by a very few people. Yes, anyone getting in is going to get rich quickly or go broke just as quickly. Some 50 years ago, our jr. high science teacher told us that laboratories has succeeded in turning lead into gold, but the cost was prohibitive. Has nothing happened in 50 years? I'd hate to spend $1500.00 on an ounce only to find out the process was perfected 10 years ago. Like banks, massive market manipulation translating to devastating losses is rescued by taxpayers, with the smallest investors losing everything while the big boys thrive. And yes, the Hunt Brothers in the US along with the Shah of Iran and others tried to corner the silver market in the 70's, driving the price up tp US$50/troy oz., before selling short and raking in the cash when the price collapsed back to US$5.
5:40
risking 3mil to make 100mil, that's some really sweet payout
as long as the odds winning is higher than 1 in 33, we are in business
No, translation is wrong. He meant risking 3m on a 100m cargo to make 100k
Thanks
There's a reason derivative markets were outlawed in times past
An option is a derivative. Derivatives go back to before ancient civilizations.
Great video, trading come with a lot of benefits And I have just bought my first house through it. As a beginner I was scared of loosing my savings but I’m glad I took the bold step that is now favoring me.
Congratulations 🍾
Okay but is not luck, is all about having good investment plans most of all trading with a trust worthy expert.
Watching professional trading videos and most especially connecting with the right person the digital world is full of in unreal people I met some of them during my success journey. I felt same way when I started especially when you use demo account you might be winning but when you put in real money you start losing I understand and I pass through it all. I’m very happy I’m profitable now.
I can relate to all you said because I am facing similar thing right now. Congratulations I wish you more success.
Hey how good are your earnings I will like to get some insights into trading thank you.
Currently i can attest to the fact that I make $19,600 weekly through trading which is more better then my monthly salary job. trading becomes my passive income.
SHORT IT TO THE GROUND!
short sellers wont make the market crash it takes long sellers along the way, short sellers just piggy back the market on the down way it the market goes up they get squeezed and create gap up
@@davrocket5304 short sellers serve a good function in the markets. Volatility is higher in markets where short selling is prohibited. Agreed.
The modern-day merchants of Venice
At 30:42 it Sounds like he Says "Shit-Cago" Instead of Chicago .
38:44 Well that's an oxymoron coming from thieving bankers/financiers because the added cost of unwarranted interest artificially inflates prices regardless, which of course always, always, always supersedes any supply & demand price fluctuation.
In the broad spectrum this is ultimately terminal -- firstly considering the sum of interest is neither created or issued into the monetary circulation above the sum of principal, thus making the overall sum of falsified debt purportedly owed to banks mathematically impossible to pay down, & secondly any rate of interest ultimately compounds the price or cost of not only the commodities but everything else eternally skywards.
Contrary to what the bankers/financiers are saying in this video the primary cause of any stock market crash is not by speculation, paper traders making wrong calls, big purchases or sales, panic trading or even bots, however this behavior most certainly can & most definitely will contribute to the escalation of that crash, which has always been mathematically guaranteed so long as we're paying any rate of interest.This is what you all have to get into your seemingly impenetrable heads at the end of the day.
Logically the next crash wont result in a third great depression but instead a *Second Greater Depression*. What is coming is only an extension of the second greater depression in 1935. Any purported recovery since then has only ever been artificially sustained with further irreversible multiplications of falsified debt.
nothing about how treasury bills are used as collateral to place leveraged futures contracts in commodity trades....
it is a major factor in both monetary inflationand price inflation controls
Interesting
Very interesting
@@young_speculator9144
We fund the whole mess..
Utube : banks dont lend money, banks dont take deposits
We lend money to the banking system inflating the credit..
One inflatiin control is the govt siphoning off this credit creation by selling Treasury bills and rediverting some of the credot inflation into other industries..weapons, govt jobs, welfare economy etc..
The US treasury bills on the banks books are then loaned to these traders as collateral in the london eurodollar market and chicago money and commodity markets
Anothet force driving the demand for treasury bills is the insurance industry..
All have a facility to borrow money on treasury bills that dont exist...agreed to be provided at a later date..
Fictiinal treasury bills in the books forces the govt to create projects to generate US trewsury bills...
Why not engineer environmental catastrophes, create a fake terror events and create a securities infustry.. Or even a fake virus with a fake test and make govt spending injecting money into the pharma industry...
Also kill off the western populace with a vaccine and help inusrance industry to avoud payment on life annuity plans to the boom time generation...
And what makes this a beatiful fraud is we pay and ensure that this fraud is visted upon us.. the 99 percenter..
Its a madhouse..
The only way out is to use our credot to reduce the US debt at the US treasury..
Google : surety rights
The US becones our debtor while we destroy US treasury bills..and for reducin debt in return the US treadury will discharge any charge in our name..
Other benefits exist like charging corrupt officiials under universal jursodction, charges payable to the debt reduction of the US treasury
@@young_speculator9144
@C-R. Alyxander
Leverage with US treasury bills as collateral..
1800 dillars for a tonne of cotton..
This keeps the thirld world piss poor while labouring to make a tonne of cotton.. while their govts make sure they dont have a poverty aleivation program that would raise the manula labour wage and raise cotton prices on the world market..
It pays the west to get thr east to fund aid and ensure poverty.
Great doco. At long last, I understand what futures are 😂
😊
One good book about Marc Rich is Metal Men by A. Craig Copetas.
Thanks!
@@young_speculator9144 You are welcome.
And don't forget king of oil
"Free markets for free men."
Daniel Steel Really, free market for the bots and quants...
Dude who said that is now in jail for price manipulation lol google Tres Knippa
@@Denis303 lol
I've never seen a "free market" that didn't self destruct. The best economy is a regulated economy.
carefil with the translations 5:22 to 6:00 ... imprecise, not sure if in purpose ...
how could you ever possibly get a handle on a gobal market enough to ever make any kind of a bet based on any kind of certainty. It would take massive amounts of information. This is pure gambling.
Or "speculating"
Hard to understand the narrator, not enough difference in volume over foreign speaker.
33:28 to 33:50
Couldn't understand. Any body please explain
It's a derivative in the futures market of Chicago, you don't buy or sell commodities there, you just buy options, futures or swaps.
YOU can learn alot from this docmentary.
The guy at 17:50 looks like Turk Barrett of Marvel TV series.
are they online trader or actual trader? because I am a commidity trader and I just sell and buy contracts
actually trading houses do both, but paper contracts are just for risk-management purposes, purely based on what the physical positions are. I work for one of the ABCD.
Maxwell, Glencore also trades futures contracts and a lot of them.
@@MrVinnyable1 my dream is to become a commodity trader one day. Any advice? How can I contact you?
@Maxwell Smart_086 do your homework my friend. you really think these conglomerates would trade only raw material and no forward contracts.lets see your P/L statement.
@@MrVinnyable1 I am interested in commodities. Any resources you would recommend for me to learn more about trading physical commodities?
How I know where Starbucks gets their coffee it's the stuff that these guys spit out 😂
Yes , Starbucks is expensive junk cofee .
I got burned by Man FInancial it has taken me a long time to get back in the game but I'm back
You mean the Man Group, the hedge fund guys? what happened
The narrator states the turnover by the highlighted commodity firms in the billions of dollars per year...but look at the numbers associated with these firms in the video...in the millions!
Should have explained better how these markets work on a fundamental level. They hint of starting to get into it, and then barely gloss over.
is 5:45 being serious about risking 3 million to profit 100 million being a tough business?
I think he was implying the use of leverage prevalent on futures exchanges. Excessive use of high leverage can make or break you.
I know currency can be leveraged 100:1 and I've seen stock 6:1. Can you really leverage futures contracts on commodities 33:1? Or was that an over exaggeration?
eric girard
Yes, commodity futures are traded on margin. The margin requirements are set by the exchanges and may vary according to market volatility. Two types of margins are involved i.e initial margin and maintenance margin. In a typical futures contract, the margin rate varies between 5 and 15% of the total contract value.
Yeah 3 million dollars is a lot of money. What he meant is that if there is a 3% drop of the price on a $100 million worth of a commodities then that would be the loss. So any small changes in price can have huge consequences because of the scale of the business they are conducting. So it is tough.
eric girard, options on commodities offer almost unlimited leverage.
Trader to Humanity
We are opcfix gold power traders
Great commercials, the little bit of video wasn’t too bad either
8.51 what is it? Anyone can explain?
it’s a metal commodity exchange
In commodities business, every better is asking every other better: 'What do you think"? Actually, nobody knows. In truth, Poker is a safer game.
imagine if 1 of the traders got screwd on a trade in this documentary lol
The last part it looked like the dealer/spinner wasn't buying the guys cotton, like he didn't like what he was seeing. He may have just lost millions.
I thought the internet would had killed these voltures years ago
Don't worry, the change will come soon ;)
You can't even spell vulture right, you illiterate peasant. Go eat some dirt.
@@KevinJohnson-cv2no are you a true that by any chance you vulture
that rice trader looks exactly like that dude from the movie captain philips that tried to hijack tom hank's ship
Look at use in bolt nd compare them
Ur Racist
@@burrelmuchenenduta5080 kawaida yao
Hello Welcome every one
Yeah I’ll stick with equities.
Thank you
Just tried to contact that chicago agriculture trade building.
Wanted to sell my agriculture service.
Daunting thing to do, might try again later, don't think they invest in people but bundles of finished product.
Have you considered reaching out to a private equity firm instead?
@@FrostyFlameTV yes, just now.
Thanks.
What is agriculture service, it's I may ask?
How Can I become a Commodity trader? Where do I start? Do I need a college degree? Which degree?
Brother. There is so much that goes than just getting into it.
These French coffee traders are what real business men are made of. Exemplars. Leave it to the French to show us how to have culture. Well done gentlemen.
39:07 can someone explain? Cotton prices increased by double in 2008 or decreased? And the cotton crisis was the cause of other crises?
Did anyone else hear him say "shitcago" @30:40?
He calls it like he sees it.
It's all about serving us, population
Commodity "Speculators" add depth and liquidity to all markets. Without them the markets would be worth less. Not Worthless just Worth less - not as efficient as they are. God bless the Specs most have a career of less than 6 months.
this is how poor people keep getting poorer because there is a middle man than makes million times more than they do, even they do all the hard work.
Vultures the lot of them
@Doug Cornelio well said bailing out corporations buying their bonds repos ain't capitalism. That died long time ago.
Smoke screen!
The black guys the rice trader lol. Never seen that coming lol. Rice and peas.
Made in 2013! Why does it say 2019 in the title?
And posted 2017 lol
Says 2020 now 😆
Did he mean the 21st century at 0:31?
How is anyone supposed to hear this when there is a voiceover playing in parallel with the speaker and "dramatic" music playing all at the same time ? Whoever is responsible for the sound on this should be sacked
In the very first sentence, that should be "at the beginning of the twenty-first century" -- not the 20th! Helloooo, Smithsonian channel?!! Time for an edit!
i wonder how you have not come by the historic development of the European trade, the rise of the 7 years wars and Napoleon and Weimar Republic and Adolph Hitler and Rotschilds and Canal Suez...and Kavalalı of course....Time for Education mate.
LOL who else rewinded the video thinking the guy said ' he settled on a commodity, he settled on coc*'
Need of the hour to help control inflation by bold move.
How?
In my view atleast for time being stop futures trading without actual delivery of material. In other words if anyone buys any commodity online must take delivery in your warehouse/backyard. if cannot store dont buy.
Why? This will eliminate buyers/sellers who are just interested to make profits from the situation. but in reality they are pushing prices up just like adding fuel to the fire and common people are suffering across world....
In simple. Buy commodity if you need really with actual delivery in your backyard/warehoue. I am sure, this move will definitely ease inflation across world. ( for Example In 2008/9 financial crisis the then US president had temporarily banned short selling financial asests to avoid further collapse).
Hope new channels may conduct a panel of economists and do something in favour of world.
thanks.
the grain industry in the usa is controlled by a few big firms and they have made it illegal for farmers to use sees that they have not supplied. the world is fucked
Watching this in 2022 and seeing the Evergreen ship 🙃
😊