Trader Vic on Commodities

In Trader Vic on Commodities, Wall Street legend Victor Sperandeo explains in simple terms how these markets operate, removes some of the mystique and uncertainty involved, and offers a proven method for capitalizing on commodity market trends without taking giant risks.

Praise For Trader Vic On Commodities

"Victor Sperandeo is an extraordinary mentor, a 'wise and faithful advisor, friend, or teacher' as my dictionary says. His readers quote his advice long after reading his books. His new book, Trader Vic on Commodities, in some ways builds on his famous 2B rule, which is that you lose properly. This book, however, is really about winning and breaking new ground in commodities trading strategies. Sperandeo describes how an index that includes both traditional commodities and financial futures can provide a better inflation hedge-and more profitable trading strategy-than an investment in traditional commodities alone. The book is a treasure of statistical tables to show both the 'how to' and the validity of Sperandeo's trading strategies. Readers will find him still, as Barron's titled him years ago, Trader Vic: The Ultimate Wall Street Pro."
-Elizabeth B. Currier, President, The Committee for Monetary Research & Education

"Trader Vic on Commodities will surely become one of the must-read books for anyone interested in trading commodities."
-Thomas Finley, Managing Director, Global Markets & Investment Banking, Merrill Lynch

"Only the legendary Trader Vic Sperandeo could bring such clarity to what to most is a complex and indecipherable subject. This book is a splendid achievement from one of the investing world's true originals. The only thing I'd recommend more highly than the book is taking Vic's trading advice."
-Keith Styrcula, Chairman, Structured Products Association, CEO, WealthNotes Capital Management, LLC

Preface ix
Acknowledgments xiii
Chapter 1 The Basics 1
Chapter 2 You Can't Win Them All 9
Chapter 3 Indicators and Tools 15
Chapter 4 2B or Not 2B: A Classic Rule Revisited 23
Chapter 5 An Introduction to the S&P DTI 35
Chapter 6 A Challenge to the Random Walk Theory 45
Chapter 7 The Rationale and Value of a Long/Short Futures Strategy 67
Chapter 8 Why the S&P DTI Is an Indicator 81
Chapter 9 The Fundamental Reason the S&P DTI Generates Core Returns 105
Chapter 10 The Nature of the S&P DTI Returns 115
Chapter 11 A Fundamental Hedge 133
Chapter 12 S&P DTI Subindexes: The S&P Commodity Trends Indicator and the S&P Financial Trends Indicator 139
Afterword 143
Appendix A S&P DTI Methodology and Implementation 147
Appendix B How to Interpret Simulated Historical Results 177
Appendix C Correlation Statistics 191
About the Author 195
Index 197