From Back to the Future, a not-so-serious look at futures markets in the 1980s, written by you.
And not to be confused with the movie Back to the Future – my book came out before the movie!
I was amused and somewhat surprised when I met a psychic at a party in November 1988. She had once worked for a commodity brokerage house.
I’ve always felt that one good fortune teller could replace an entire research department. Meeting Gilda, the psychic, only reinforced this belief.
Everyone wants to know what the future will bring. This is especially true if you happen to be an investor or speculator.
Everyone who has ever bought or sold a stock, bond, or futures contract has wished they had a crystal ball, tomorrow’s newspaper, or knew a psychic. Looking to the future can lead to instant wealth in the markets.
In the early 1970’s I had a trading partner I called The Moon Man. He bought and sold commodity futures based on his analysis of the cycles and phases of the moon.
When he first explained his trading method to me, I thought he was a nutcase. But he made money – and that’s the bottom line when it comes to investing and trading.
Today, individuals and brokerage houses rely on personal computers and trading programs to predict prices.
There is no need for clairvoyants, fortune tellers, astrologers, etc. At least that’s how it should be.
And then I met Gilda, the psychic, at a party. She was there to read tarot cards to those brave or foolish enough to see the future.
Gilda was born in Vietnam and grew up in France. She speaks four languages. She graduated with a degree in Education and is currently teaching an evening class on world cultures.
However, Gilda’s talents go far beyond reading tarot cards. She is a psychic, healer, teacher of transcendental meditation and practices a form of Himalayan healing massage.
Half black, half Indian and 50 years old, Gilda was wearing a colorful wrap dress resembling a sarong when I first saw her.
Her hair dangled from her head in a mixture of pigtails and loose strands. She had a small diamond stud in her right nostril.
Unfortunately or fortunately, Gilda didn’t read the tarot cards for me, but I had the opportunity to talk to her. And I discovered that we had something in common – the commodity markets.
In 1987 she was employed by a brokerage firm specializing in commodity futures trading. She was paid for her talents as a psychic, predicting prices and predicting market trends.
The brokerage house she worked for called every morning before the market opened and asked her “feelings” about stocks, soybeans, cattle, etc.
With these “feelings” in mind, the brokerage house gave its customers specific trading recommendations.
Gilda said her market forecasts are correct and the brokerage house is satisfied with her work. In fact, they said they would like to hire her again.
But she doesn’t enjoy dealing with the Big Four – stocks, bonds, currencies and commodities.
“I want to work with people and their problems. Not numbers and money. “The markets are too impersonal to suit my temperament,” she said.
Tarot cards, pcs, lunar cycles, a crystal ball or a psychic – if it works, it works. And if it works, don’t tamper with it, I say.
Check out my listing on Commodityinsite.com. Use the code “SOYBEANS”.