A2A with Jim Comiskey

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Legendary commodity broker Jim Comiskey joined us today for the first A2A of the new year.

In this 45-minute call, Jim addresses:

  • the current, historic move in crude oil
  • falling natural gas prices
  • how he's consistently profiting trading currencies
  • why he prefers futures options to futures
  • the outlook for the dollar, the euro and ECBQE
  • and much, much more...

I think you'll find this discussion very helpful and a great start to the 2015 A2A season.



sengfarmer's picture


Another First??

silver66's picture


Ah, the benefits of being home sick  frown


​edit: first ish, close but no cigar, not enough sudafed in me

Clarki Stomias's picture

Get your daily Bill Holter fix

"I call a FULL ALERT because control has and is being lost. There are no more “bazookas” left as Hank Paulson called it. There are not even any bullets left! Can they sweep it under the rug again as they have done for so many years? I believe no, there are no more “can kicks”. I don’t believe the ability exists because there are so many markets and asset classes going “in the wrong direction” in violent moves. Even gold, THE most sacrosanct market to the total “rig” has been quietly going higher throughout all of this."


StevenBHorse's picture

Great Stuff

Glad I could be apart of it.  

Thanks for asking my questions. 

BarnacleBill's picture

Comisky podcast was good...

And I would definitely take him up on his offer to return "anytime".

Mickey's picture


he is a nice knowledgeable, straight shooter (hard to find nowadays) with market savvy --Legendary? Thats out of the KWN playbook :-)

always look forward to Jim.   Too afraid to be in futures. not my thing

4 oz's picture


Glad you two are on this rock with us!

SS121's picture

Great A2A, thanks Turd/Jim!

Jim sits deep inside the machine and candidly calls it like he sees it.  

He doesn't have to stammer around and make sure his answers fit his handlers script.  nor does he tip-toe past questions just to get to his talking points.   He'll dig as deep as you want to go.

and he's a stacker!

(and our man Turd here has turned into quite an excellent interviewer, imo)

i'm not into trading paper, but that doesn't matter.  that was still great information in that it was HONEST and from an informed, knowledgeable person telling us what he knows, not what he's heard.

Thanks again gents!

StevenBHorse's picture

This guy has never been the same

Since he got out of the clink.


He was imprisoned for many years on trumped up charges, and he is asking if we are heading toward fascism?

I take his shit with a grain now.

Turd Ferguson's picture

Grain of salt


Here's the biggest one I could find and it's still NOT big enough for me as far as that guy is concerned...

sleestak's picture

Crude and Russia

Love Jim, but how can a $1 move in crude cost Russia $1bn/day?  They produce 10mm bbl/day.

Mickey's picture


writings were better when he was locked up

Turd Ferguson's picture

When he said that...


I was thinking about that, too, and wondered if he either misspoke or perhaps there's economic leverage involved.

Then, of course, instead of following up I got distracted and moved on. Sorry about that.

Response to: Crude and Russia
-SilverIsMoney-'s picture

Great A2A...

I love me some Jim Comiskey and i'll tell ya you aren't joking about it being -75 below here in Chicago. I've lived here practically my entire life and between this winter and last I'm finally ready to admit I don't like dealing with this shit anymore it's getting crazy cold out there.

AIJ's picture

All Northern Inhabitants....

Google  "Maunder Minimum" i.e minimum sun spots correlated to cooler weather / solar cycle 24

Little Ice Age cometh. 


CPE's picture


Please let us southerners know the proper address to ship Al Gore to.


4 oz's picture

Tom Cloud on FSN

AIJ's picture

Al Gore

...Ship him to the South Pole.

Should be really nice according to him.

Tell him to wear his bathing suit.

CPE's picture

Muslims segregated from French society in growing Islamist mini-

Naïveté  - such a great French word


Muslims segregated from French society in growing Islamist mini-states

A backdrop to the massacre in Paris on Wednesday by self-professed al Qaeda terrorists is that city officials have increasingly ceded control of heavily Muslim neighborhoods to Islamists, block by block.

France has Europe's largest population of Muslims, some of whom talk openly of ruling the country one day and casting aside Western legal systems for harsh, Islam-based Shariah law.

"The situation is out of control, and it is not reversible," said Soeren Kern, an analyst at the Gatestone Institute and author of annual reports on the "Islamization of France."

"Islam is a permanent part of France now. It is not going away," Mr. Kern said. "I think the future looks very bleak. The problem is a lot of these younger-generation Muslims are not integrating into French society. Although they are French citizens, they don't really have a future in French society. They feel very alienated from France. This is why radical Islam is so attractive because it gives them a sense of meaning in their life."

While not a complete safe-haven for al Qaeda-type operatives, Paris and other French cities have become more fertile places for Muslim extremists in the past decade. City leaders have allowed virtual Islamic mini-states to thrive as Muslims gain power to govern in their own way.

"There are no-go areas not just in Paris, but all over France, where they are effectively in control," said Robert Spencer, who directs JihadWatch.org, a nonprofit that monitors Muslim extremists.

"They're operating with impunity, apparently secure in the knowledge that authorities cannot or will not act decisively to stop them," he said. "And with the universal denial and obfuscation of the clear motive for the Charlie Hebdo attack, they have good reason to think that."

The attackers who killed 12 people at the offices of the satirical weekly Charlie Hebdo claimed to be members of al Qaeda in the Arabian Peninsula in Yemen. Witnesses said they spoke perfect French, a strong indication that they are homegrown terrorists who received help from AQAP or another group.

Mr. Kern said the connection between the attack and the Islamization movement is that French jihadis are becoming bolder in trying to stamp out any criticism of Islam.

"What they are trying to do is shut down any sort of criticism of Islam, any sort of speech, cartoons, discussion, anything," he said. "Essentially, the French government and the other European governments have lost control over the situation. It's a snowball that is growing bigger and bigger, in particular over the past 10 years."

Last year, AQAP put Charlie Hebdo editor and cartoonist Stephane Charbonnier on a "Most Wanted" poster for lampooning the Prophet Muhammad. He was among the 12 killed by hooded assailants firing assault rifles Wednesday morning at a weekly staff gathering.

The Middle East Media Research Institute reported that French jihadis on Twitter were openly chattering about how to retaliate against Charlie Hebdo for its comic book biography of Muhammad. One idea was to immediately start killing French nationals.

While French jihadis were plotting a wave of violence, Mr. Kern and the Gatestone Institute issued a report on the Islamization of France in 2013, and a follow-up in December.

The think tank, led by John R. Bolton, former U.S. ambassador to the United Nations, said the country's Muslim population last year reached 6.5 million, or 10 percent of its 66 million people. That makes France the European country with the largest Muslim minority.

Some Muslim activists gleefully predict that France will be a Muslim-majority country in the not-too-distant future.

"Who has the right to say that France in 30 or 40 years will not be a Muslim country? Who has the right in this country to deprive us of it?" said Marwan Muhammed, a spokesman for Collective Against Islamophobia in France.

Gatestone reports that an intelligence document leaked to Le Figaro said Muslims are creating a separate public school society "completely cut off from non-Muslim students."

Over 1,000 French supermarkets are selling Islamic books that call for jihad and the killing of non-Muslims. A poll commissioned by the newspaper Le Monde last year found that 74 percent of French citizens view Islam as intolerant and as incompatible with French values.

Some French politicians are speaking out.

French Prime Minister Manuel Valls said last year, "We are fighting terrorism outside of France, but we are also fighting an internal enemy since there are those French who fit into this process of radicalization. This enemy must be fought with the greatest determination."

Said Mr. Kern, "Europe is very committed to multiculturalism. So any speech critical of Islam is immediately branded as being Islamophobic or racist or something like that. There's not really an honest debate about what's going on in Europe because the European elite have so much invested in this multicultural society that they're trying to build."

Mr. Fix's picture

@ silver66

Please take good care of yourself, and get well soon.

Best wishes! smiley

@ CPE:


Dobocop's picture

vancouver resource investment conference jan 18 19

Any fellow turdites up for a beer on the sunday. We can heckle bologna palony from the back of the room.

Markedtofuture's picture

Sterne Agee Analyst: 'Fear At High Point' For Texas Banks Read

John Seward, Benzinga Staff Writer

January 07, 2015 11:06am

Banks exposed to the Texas economy and energy-related loan portfolios may hit a rough patch during 2015, an analyst said Monday.

"Fear is reaching a fairly high point" among investors, Sterne Agee's Brett Rabatin said in a note.

The impending earnings season may feature comments from affected banks about a slowing Texas economy plus higher loan loss provisions, Rabatin said.

Short-term risk stems from loans to the oil-field service sector and banks are likely to remain profitable in the face of trouble there.

But if real estate gets hurt, banks could report actual losses.

Rabatin noted that nearly 60 percent of Houston's downtown office space is related to the oil and gas industry, which could see sizable job cuts.

Banks at risk according to Rabatin have already seen substantial declines in the stock market.

Those include Zions Bancorporation ZION 1.42%, which is off 10 percent in the past six months.

Shares of BOK Financial Corporation BOKF 0.78% have fallen 15 percent since June; Comerica Incorporated CMA 2.1% is off 13 percent and Iberiabank Corp IBKC 2.05% has lost 11 percent since June.

The shares of MidSouth Bancorp, Inc. MSL 1.48% are off nearly 20 percent and Hancock Holding Company HBHC 2.2% has dropped more than 20 percent.

Read more: http://www.benzinga.com/analyst-ratings/analyst-color/15/01/5127402/sterne-agee-analyst-fear-at-high-point-for-texas-banks#ixzz3OHa5avIO

lakedweller2's picture

Ship Him to The Southpole

It melted.

bilski99's picture

Jim is a gem

Thanks for that Craig Jim is really excellent he gives us all a chance to get an insight into a world that is a mystery to most of us

You should have JIm on once every 3 months hey guys and girls get over to YouTube and subscribe to jims channel Jim I think your great but stop sodding swearing it detracts from the message you trying to get across

AlienEyes's picture

Muslims segregated from French society because they're crazy

Multiculturalism is pure far left bull sh!t and a tool to divide and conquer.  

Allaha Cash-bar !

The Chins had it right during the Boxer Rebellion ...."Cast out the foreign devils!"

btcgoldbull's picture

Loved Jim's comments re: Bitcoin

stay the F***K away, priceless. I'm a buyer :-)

edit: FWIW I have to give the guy some serious kudos when he, in the very next sentence, openly admitted that he really knew nothing about BTC

AIJ's picture

I own a few

Never hurts to diversify.

btcgoldbull's picture

@ AUAGforever

me too, a no brainer lottery ticket IMO ;-)

AIJ's picture


It is a no brainer.

I spent more on a couple penny gold stocks in 2003.

That's when gold penny stocks paid off.

I hope those days are coming back.

emotionallyrational's picture

Re 1 Billion $ a day

Maybe he was referring to the flow on effects of a falling Oil price?

Maybe it was a mistake.


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