Loading ...Myself also. One day, a long time ago…I saw a weather report that indicated a deep freeze coming into Carolina and perhaps northern Georgia. The next day the weatherman said the deep freeze could be even a bit worse. I looked at OJ futures and would have gone long on them anyway, despite the weather forecasts…they seemed just too cheap. So, I bought. The next day the weather people said the deep freeze could even extend down to northern Florida. The OJ futures still kept going down despite this so, I bought even more. Well to make a long story short, the deep freeze kept going down and wiped out the Fla. orange crop. I was in the clover!!! Then my phone rang and the Big Broker said my positions were being converted to cash only…In other words I was being forced out. Damn good profits but, another doubling/tripling was sure to come. So, all of us retail longs were forced out. The CME insiders and the Banksters had unlimited credit and could buy, on a cash basis, for an easy triple. If you ever wanted to know why Ted Butler speaks about his past dealings in the OJ futures market…well, I have just explained it to you. Never traded futures since and never will again. End of rant.
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