“Guest Pass to the Millionaire’s Market”

By Travis Johnson, Stock Gumshoe, April 24, 2008

Apparently, if you feel like there’s a “secret market” out there where the people with “real money” are making money hand over fist with little to no effort, and you’re afraid that you’re missing out, then you’re the prime candidate for any number of expensive trading services.

This latest ad is not too different from the forex trading education kit offered by the “Mac X.” teaser that has been around for ages (I wrote about it last week). It really looks like this new piece was either written by the same copywriter, or at least that this one borrowed from many of the successful themes that roped so many people into buying Mac X’s product.

The story is that a former trader in this “millionaire’s market” — which is revealed about halfway through the letter to be commodities trading — decided to get out of the business with his “secrets” and use them to make himself rich and to help small investors get into the game.

He also uses the same “secret” selling points — he paints a picture of a cabal of big banks and traders that runs the futures market, and tries to give the impression that these big guys would be upset that he’s sharing such valuable secrets with you. Hopefully, even if you’re at all intrigued by this teaser ad you’ll be able to step back and realize that this is, well, hogwash.

Here’s an excerpt:

“First, you won’t hear about the “Millionaire’s Market” on the evening news. The operation is hush-hush. And obviously, the millionaires want to keep it that way.

“Next, only the elite can join. They charge outrageous membership fees to join the “Millionaire’s Market.” At least a million bucks.”

I already used “hogwash” … so let’s call this one, “malarkey.”

This must be referring to the cost to get a seat on one of the major futures exchanges, like the CME/CBOT. That’s sort of like saying that you can’t buy or sell stocks without buying a seat on the New York Stock Exchange — individuals have always been able to trade in futures if they wanted to do so, though certainly commission costs and access are much easier for low-net-worth individuals now than they used to be. And I’d bet that nearly all the traders, brokers, and exchange seat holders want more traders, not less — volume is what provides liquidity and makes trading work better.

How many stock brokers do you know who are trying to make sure people don’t do as much stock trading, or trying to keep people out of the stock market?

More for you:

“And they use the mainstream media’s “know-it-all analysts” to convince you that the stock market is the place to be… all just to divert your attention away from them while they trade like bandits inside their secret Millionaire’s Market…

“Today alone, they’ve completed more than 1,115,153 deals. Yesterday, they closed over 1,045,456 trades… and the day before, they made 1,305,567 deals…

“My point is that over a million of these transactions occur each and every day. And they’ve run this underground Millionaire’s Market since 1872.”

All true, but certainly not news if you read anything about the commodities or other futures markets. 1872 was the year that a bunch of dairy merchants started the New York Mercantile Exchange in order to bring some price stability to their market — that’s now known as NYMEX and is primarily a metals and energy exchange, though it’s being bought by the CME Groiup (Chicago Mercantile Exchange and Chicago Board of Trade), which does handle virtually all kinds of futures. Not sure why the government continues to allow the monopolization of these exchanges, but that has certainly been the trend (I do own shares of CME Group, for full disclosure).

A little more, in case you’re not drooling with greed yet:

“Think they want to give these things up to you? NO WAY! They want it all for themselves. And the more people who know about their market the more competition they have…

“To me, that just doesn’t seem fair… So today, I’ll throw the doors wide open for you. I want to give you a “guest pass” that allows access to the opportunities inside the Millionaire’s Market. You can think of the guest pass as your revenge against them for trying to shut off access to the hardworking, blue-collar Joe…

“When you use your guest pass to get in on the profit potential of the Millionaire’s Market, you’ll have the chance to make huge sums of income — as much as $810 per week — from the world’s hottest and most secretive market.”

I don’t know how they come to these kinds of numbers when they put together this type of ad letter — that $810 per week, which is of course meaningless unless you know how much money you invested/traded or put at risk to get that return, works out to just over $42,000 a year. That’s awfully close to the average household income in the US (probably just under $50,000 this year, I haven’t checked), but it seems an oddly low number to list as the “as much as” maximum income. The author claims to have made $100,000 a year at this for many years and, as is apparently required by the copywriter’s code, also provides some testimonials from subscribers who have made impressive sounding sums, teasing potential income of $70,000 a year from this “millionaire’s market.”

There are a few pages of this kind of sell language — trying to convince you that commodities futures trading is a top secret way to safely make money, and that the millionaires have been trading on and dominating this market for over a century. I suppose that might be true, depending on your perspective, but the key word that keeps coming up for me is “safe.”

He tells a little story about how he got started after he left the employ of one of the floor traders:

“I Realized That After I Quit the Secret Millionaire’s Market, the System Didn’t Shut Me out. . . Now You Have a Chance to “Hack” Into It With the “Guest Pass” I’ll Give You Today!

“To be honest, I didn’t know if it would work. But my access to this market wasn’t shut off when I left.

“When I logged onto my personal trading account and tried to tag along on one of the Millionaire’s Market trades, I fully expected to be shut out. Then the transaction went through, and my pulse started to beat faster and faster. It wasn’t a big victory — I withdrew only $650…”

Of course, anyone (well, almost anyone) can open their own trading account … and can watch the movement of trades to some degree. With this paragraph he makes sure that you know he’s talking about the kinds of trades that are conceivable for the average person, making “only $650.” And he also makes it seem like it was just a glitch in the system that he was able to keep trading after he stopped working for the big guys … which, of course, is balderdash.

I’m running out of those words. Balderdash, malarkey, hogwash … time to pull out the thesaurus.

He does say that his “guest pass” is, of course, not really a secret pass into a closed market, but it’s just his term for his research service — which he calls the Resource Trader Alert. He doesn’t exactly shout it from the rooftops, however.

The history of the service’s recommendations is described as very successful, trading futures options for huge gains over the past few years:

“For the past 3 1/2 years, my Resource Trader Alert system has helped me cherry-pick 106 Millionaire’s Market recommendations for readers.

Eighty-eight recommendations were winners.”

That sounds really great, of course — but remember, we’re talking about what happens to have been 3-1/2 years of incredible bull markets in almost every heavily-traded commodity … gold, oil, grains, silver, they have almost all been great performers for most of that time. There has been some volatility, of course, and plenty of exceptions, but many of those commodities have 3 year charts that look like straight lines from the bottom left to the upper right, with a steeper curve really starting last fall.

I have no idea how successful this trader really is, or how his service will perform in the years to come, but bullish commodities investors over the past 3-1/2 years almost couldn’t help but have hugely successful track records at this point … if commodities collapse, how many of them are going to get you out before that happens?

I imagine that there were probably plenty of teaser letters going around in February of 2000 that claimed hugely successful records based on making 80% correct calls on tech stocks for the prior three years. That’s not to say that commodities are on a path to crash like the Nasdaq did starting in March of that year, since clearly there are very different fundamentals underlying the commodities markets — my point is just that the market has been remarkable and that someone’s success during a remarkable market move shouldn’t necessarily be enough of a reason to buy their advice — just like, when you’re investing in a mutual fund, you want to see how the manager has done during both bull and bear markets.

Let’s just look at the use of that word, “safely” some more:

“But what about today’s unstable economic conditions? Do they play a part?

“Not at all.

“You won’t be playing stocks, remember? This gives you a chance to SAFELY make money, no matter what the stock market does…”

So apparently, the fact that you’re not in stocks automatically means it’s safe?

“And my Resource Trader Alert system will show you how to safely “withdraw” money from only the VERY best transactions… the ones that could easily pay your monthly bills… and leave you some “extra” cash to burn.”


“That’s exactly what my Resource Trader Alert system is designed to do — safely provide you guest access to the Millionaire’s Market, where you’ll have a chance to make as much as $2,000–10,000 per month, depending on your initial stake.”

There’s more, but essentially I read this as a claim that the trading profits in commodities — he mentions trades that he has done in sugar, heating oil calls, coffee calls, and cocoa calls — will certainly and safely continue, particularly because none of his examples that I noticed were for bearish bets on the market (put options, versus call options, or short bets on futures). In his words, “The bottom line is that this profit parade won’t end anytime soon.”

He closes the “safety” description with this to seal the deal:

“Answer: I’m not going to lie. All investments involve risk. And to tag along with the Millionaire’s Market transactions, you’ll have to fork over the cash it takes to get in on the deal.

“If you’re not willing to take on a TINY amount of risk, you’d better stop right here. The Millionaire’s Market isn’t for you. You’d be better off sticking your money into a savings account that’s guaranteed to make you 4% per year…

“But if you’re willing to assume a small amount of risk in return for a chance to generate profits from the Millionaire’s Market, this is for you.

“On top of that, remember that I’ve been perfecting my Resource Trader Alert system for 20 years. It allows me to identify only the safest opportunities in the Millionaire’s Market.”

I hope that makes all of you at least a little bit nervous. I can’t tell you whether the Resource Trader Alert is worth $3,000 a year, or if Kevin Kerr, who edits it, is a great trader or an honorable guy — maybe all of the above are true. I can only say that I get very nervous when someone tries this hard to lowball the amount of risk a trading system requires.

Here’s what I think: If you want to get involved in futures options trading, it would be best to learn the basics of the trade before you pay someone to tell you how to do it. That way, you can go in with your eyes open and know when you’re being given solid advice and when you’re being snowballed.

And keep in mind that this is just my opinion — your friend the Gumshoe has only a basic understanding of the futures markets, and has never traded directly in those markets.

Most of the people who provide this kind of basic education for free also have a dog in the fight — they’re the brokers or advisers or exchanges who would like to have more traders, but they are not specifically recommending a particular strategy, and many of them seem to give good overviews of the market — you might, if you’re interested, start with explanations of what futures and futures options are (not too different from stocks and stock options, though with much higher leverage) and understand the kinds of costs and contracts and commissions that you’ll pay. Decent places to go for that information are Lind-Waldock’s education website (this is a broker — don’t know if they’re any good as brokers, but they do have good, clear education materials), or you can get the free futures and options manual from CME.

I know there are several folks who trade futures and futures options among the multitudes of Gumshoedom, perhaps they’ll throw in some opinions for you, too — just because something is a bit foreign for most individual investors doesn’t mean it’s a guaranteed winner or a guaranteed loser, but every trade on these exchanges has both a winner and a loser (at least for the short term plays like most of the options trades this service takes credit for) … and, in my opinion, “safe” is a dangerous word to throw around for any investment.

Share Your Thoughts

ShowHide Comments (33)
    1. Don
      Apr 25 2008, 10:41:18 am

      Actually, the NASDAQ crash began in March of 2000, not 2001, when the Justice Department announced its plan to go after Microsoft for monopolistic practices…that was the first pebble into the pond.

    2. StockGumshoe
      Apr 25 2008, 10:50:37 am

      Oops, sorry Don — yes, that’s what I meant, the Nasdaq “exuberance” peak when it went from (something like) 3000 to 5000 in the four months or so before the peak in early March, 2000 … will correct it above. What’s a typo called when it’s caused by your brain, not your fingers?

    3. Dick
      Apr 25 2008, 11:06:32 am

      Gumshoe, I sent this one in…thanks for the concise analysis of this BS (thesarus?)! I think it’s time to make a donation!

    4. Elissa Stein
      Apr 25 2008, 11:44:12 am

      Resource Trader Alert is a good service. I have a subscription to it, but it doesn’t cost me $3000. a year. I think it was around $1000 for two years. Kevin Kerr is a very well known trader and a frequent guest on Kudlow & Co, Neil Cavuto, etc. He is also a published author and frequent commentator for CNBC and Fox.
      Resource Trader Alert deals with commodities options, and frequently does spreads, to keep the costs down. You can use the service to play the stock market too–some of the ETFs work really well, if you think Kerr is right in the direction he suggests–at various times I invested in MOO, SLV, GLD, DBA, and now COW based upon his research. I have found it to be worth the money. However, he does have a large following, so there are a lot of people entering and exiting markets at the same time and with the exact same strategy. In the past year, Kerr has recommended gold and silver options, orange juice, sugar, soy, and some others I can’t remember. Most of the plays were winners–some of them very big winners. This is one of Agora Financials publications. Agora is very aggressive, and constantly trying to sell something. If you buy one of their subscriber services, you should have an email accountset up for that purpose, otherwise your regular email will be inundated daily!!!

    5. Elissa Stein
      Apr 25 2008, 11:54:19 am

      ps- Gumshoe, you are right. You shouldn’t pay Kevin Kerr or anyone else for advice until you are familiar with the markets, how they work, and understand your tolerance for risk, because the commodities markets are a roller coaster ride. Paper-trade first! There are many free resources to learn futures trading. I like Kerr’s recommendations, but I don’t always follow them, or use them as he intended. However, part of the reason I can do that is confidence in my own fundamentals and chart analysis , which is an on-going process.

    6. Captain Obvious
      Apr 25 2008, 12:39:30 pm

      I joined this “Millionaires Club” for a short period of time last year. I was pulled in with the greed factor. After starting the CD’s included in the subscription that teach you how to use his service, I was totally turned off after the third CD. It was so incredibly unprofessional. He talks and teaches as if you are sitting in a little 5th grade class, or maybe that he is a 5th grader trying to teach an adult. I just couldn’t take it any longer and soon sent them back for a full refund. Whether he is good at what he preaches is for someone else to find out. Good luck to anyone that gets pulled in.

    7. Dan T
      Apr 25 2008, 01:19:42 pm

      Ive subscribed two Agora Services
      1. Options Hotline . Total scam, the guy shoud be arrested
      2. Resource trader alert with automated trading through one of their recommended broker. Break even after one year. When I closed my account the broker did some neat trick so I got $2000.00 less back.
      Stay away that Agora , Baltimore bunch.

    8. Elissa Stein
      Apr 25 2008, 02:01:40 pm

      Hi, Captain Obvious. Resource Trader Alert by Kevin Kerr does not sell a cd course on options trading. It is strictly an investment service with prescribed entry and exit points sent via email.
      I’d like to know what you bought, but it wasn’t the product from this teaser. Maybe it was Ken Roberts? I think his program has “millionaire” in the title and he does sell options and futures educational materials that can be learned for free.

    9. JohnnnB
      Apr 25 2008, 02:45:15 pm

      Ken Roberts is not in business anymore. He has two properties for sale in our area of the country with no prospects for the past year or so. He has moved to Alabama or Tenn. can’t remember which. So if someone is depending on his CD that’s very old information.

    10. SRS
      Apr 25 2008, 04:01:47 pm

      Agree with the comments about the Options Hotline. This is a service where he tells you to buy an option, but not when to exit. And the service has the nerve to calculate their gains based on the highest price the option reached after the recommendation, REGARDLESS of whether they recommended an exit at that price. My understanding is the RTA is different in that he tells you when to get in and when to get out, which should make a calculation of gains a lot easier. I believe they claimed a 96% gain in 2007 (or was that in 2006)?

      The columns from the folks at Agora are sometimes quite sensible – I like Chris Mayer and Byron King, whose Outstanding Investments (which I don’t subscribe to) claims a decent track record in investing in natural resource stocks. Notably, Kevin Kerr, who is the trader behind the Resource Trader Alert, is co-editor of Outstanding Investments.

      As the Gumshoe says, maybe their success is all coincidental – it wasn’t difficult to make money in natural resources stocks (and the underlying commodities) the last 2-3 years. On the other hand, I didn’t. Which is what gives these newsletters, which did advise getting in, their claim to fame (and by extension, your wallet??).

    11. BbRoad
      Apr 25 2008, 11:51:41 pm

      “What’s a typo called when it’s caused by your brain, not your fingers?”

      Thanks for the giggle. I have lots of these “typos” (‘have heard them crudely referred to as brain farts).

    12. paddy-0
      Apr 26 2008, 12:38:14 am

      I’ve been a member of RTA for 1 year. No cd’s involved – not sure what Captain Obvious bought. Kevin Kerr is a straight shooter with more integrity than anyone else in this business I’ve come accross and certainly more than anyone working in Agora’s marketing department. You can bet he wasn’t happy about them putting his name to this piece of propoganda crap.
      The service is a good one but only get involved with risk capital as it is a high risk but high reward type investment. I was very much a skeptic when I first started but not any more. My portfolio is up over 125% in the one year.

    13. Myron Martin
      Apr 26 2008, 12:02:42 pm

      I appreciate the “balancing act” Gumshoe provides to the HYPE that is typical of most newsletter promos, not just from Agora.

      However,I agree with Paddy-O, Kevin Kerr is a straightbshooter and would NOT be happy with some of Agora,s promos, in fact has said so. His track record IS stellar, nobody in this business gets every call right. A person who joins the service at a time when his FIRST trades are losers back to back would be very unhappy, on the other hand someone who joins in a winning streak with a string of back to back WINS would be deleriously happy.

      Winners range from say 50% to 300% and the average over several years could still be very close to 100% which is a far cry from average stock returns of any of the indexes.

      Like any other investment you have to assess your risk tolerance and apply your own due diligence. SRS is also correct, Kevin gets you OUT with min losses or MAX gains with timely E-mails.

      As several comments have noted, some of the negative comments are misallocated, they confuse someone elses CD course with Kevin Kerr and that creates an unfair picture. I should also point out that evin is not into futures trading which is VERY HIGH risk, he only recommends OPTIONS where the most you can lose is what you actually invest in the option which can be as little as a few hundred dollars that have a HIGH probability of doubling or tripling. Myron Martin

    14. StockGumshoe
      Apr 26 2008, 02:39:24 pm

      Thanks folks, always good to hear from subscribers to these services, whether happy or not. Yes, this one is a trading service/newsletter, not a CD course like the last Forex tease.

      And I can confirm that Outstanding Investments has indeed been a top performer for many years.

    15. Steve C
      Apr 27 2008, 12:34:32 am

      I have a lifetime subscription to Agora financial’s products, and I am very happy with them, esp. those of Chris Mayer, Chris Hancock, Byron King, and Kevin Kerr. They are always refining their product mix, but not all of their publications have done very well, esp. the hi-risk, hi-reward Penny Stock and Emerging Capital and Options Alerts newsletters.

      Kevin Kerr’s RTA does seem to do very well over time, and he is exceptionally honest and a very nice and patient educator. He seems to be a true gentleman.

      Their advertising is very aggressive, but they do honor their money-back promises.

    16. khunbill1
      Apr 27 2008, 11:12:32 pm

      I subscribed to RTA in Dec 2006 and opened an account with James Mound, from Kevin Kerr’s recommended list. I was unable to get into the first cocoa trade because the price had already gone too high. Mr Mound convinced me that Kevin gets many of his ideas from HIM, since he is am author, etc. He suggested I give him $100K and power of attorney to trade my account and he would double my money or better in a year. Unfortunately i agreed. He promptly went on a losing streak and lost my entire $100K in 6 months!

      Just a warning for others. Bet small and be careful out there…

    17. Elissa Stein
      Apr 28 2008, 07:47:01 am

      to Khunbill 1: I am glad you shared that experience about James Mound. He is featured often in Kerr’s RTA updates as a source of additional investing ideas. I can’t tell you how often I have heard stories like yours-give a broker total autonomy and watch them plow through your $, and pocket the commissions on all the losing trades. Sorry to hear you had such a disastrous result. No one will ever care about your $ as much as you do.

    18. expatguy
      Apr 28 2008, 03:42:11 pm

      Elissa, which broker do you use to make trades using RTA signals? How have you fared following Kerr’s recommendations? I’ve followed a lot of the suggestions in Outstanding Investments, which Kerr used to co-edit and which Hulbert does rank as one of the top investment newsletters over the past five years, and I’ve had great results. How does he do on the futures options trading?

    19. Elissa Stein
      Apr 29 2008, 09:31:55 am

      expatguy: I don’t use an RTA endorsed broker.I place the trades online myself, thru Man Financial. My broker is TJ Joliceour at optioncaddie.com. He is really inexpensive, and you get live quotes plus futuresource for research. If he has to place the trade for you, I am sure it costs more, but he can help you until you feel comfortable doing it yourself–if you are a beginner at commodities, don’t place the trades yourself. I have fared well using kerr’s recommendations- love it–the only negative is that he doesn’t really go into his thought process much. This service was worth the price I paid- the last renewal was $1000.

    20. SageNot
      May 5 2008, 11:16:12 am


      Something sounds fishy here! Above is James Mound’s Weekend Commodities Review. If Kevin takes some of his picks from James, & then recomends him too, how can anyone blow their entire $100K? Managed accts. have limits, or isn’t James & Kevin regulated by the CFTC? I preceeded Kevin at Paul Tudor Jones’ shop off of Wall St. in the 80’s. Kevin doesn’t trade anything like Paul T. Jones, commodity options weren’t that fluid in the 1980’s, perhaps now they are.

      Kevin doesn’t trade currencies or the dollar index, none of the T-Bonds, Euro$$ or T-Bills, & I too wondered why his trading record isn’t made public to his subscribers. 2006 was his best year he claims, but just trading options (A wasting asset) doesn’t do it for me, & he now asks nearly $1,500. for his service, not enough diversification for $1.5K/yr.

      Lastly, Byron King is the head honch at Outstanding Investments, he’s being kind to Kerr by listing him as Co-Editor, IMHO!

      BTW, isn’t it Steve Sarnoff that has his work on CD’s? His father, Paul Sarnoff, was the Silver Pro, & later in his career, he went heavily into commodity options & must have written 40 books on futures, especially on Silver.

    21. Kevin Thomas
      May 14 2008, 09:43:18 pm

      Hello All,

      Like to add my comments on Agora, RTA and Options Hotline. Currently have a Futures trading account with (endorsed by RTA) American Futures Trading.

      I have been a Daily Reckoning reader for many years, and enjoy the publication. Agora Financial seems to advertise numerous services, and I receive a fairly high volume of soliting e-mail / snail mail after I bought into one of their services.

      Options Hotline — didn’t even get off the ground with this service. Received one trade; trade wasn’t explained at all, no followup and subsequently received no future trade signals. Contacted Agora – for a refund. To their credit, refund was provided.

      Joined RTA in November of 2006, like one of the posters above missed the initial Cocoa trade. 2007 didn’t seem to be a very good year for this service, as almost all the trades I got involved in were losers. In fairness, I didn’t trade heavily, so I am open to considering involvement with this service in the future. The commodities market in general has hit big in recent years, and I believe agricultural commodities still have a ways to go.

      Pros: You ARE provided trades-both buy and sell (although in my opinion, not enough), with simple to follow instructions to provide to your broker of choice to place. It’s helpful for a novice who doesn’t understand the lingo and / or the particulars of each trade.

      Cons: Weekly mailbag feature DOES have a Q & A, but the responses are quick and shallow. TOO MUCH personal information and not enough meat with respect to the trading game.

      Mr. Kerr seems like a nice enough guy, and I don’t feel he’s a cheat or a liar, but the service has a fairly large subscriber base, so if you’re looking for in depth personal service forget it. The fee for this service has been about $1,000 annually. My general perception is this is not cost prohibitive, but I think Agora could do a better job with relaying the risks associated with trading commodities options. While many services promise wealth, ONLY risk what you can afford to lose.

      I have been disappointed with American Futures Trading as I feel $45 per trade (to buy and then another $45 to sell) is not trader friendly. I deferred on the feature to automate my trading (thru RTA signals) as I don’t feel comfortable allowing someone I’ve never personally met, such broad control over my money. Also, the only way to fund your account is either thru wire transfer (which is another fee) or check (which is time consuming).

      Elissa, I joined optionscaddie this evening. I’m interested in learning more about their service.

    22. Number 6
      Jun 16 2008, 07:40:02 pm

      I too have had the misfortune of subscribing to many of Agoras newsletters. I just love what I call “Agora Fuzzy Math” (see SRS comments above).
      They really pull you in and deluge you with offers for this and offers or that and they will all make you rich if you only put $5,000 into every recommendation.

      The only service worth considering is Kevin’s Resource Trader Alert and I’ve been a happy subscriber of his for over three years. My only wish is that he would divorce himself from the Baltimore crowd, it makes him look bad.

      I also recieved the “Millionaire’s Market” mailing and almost fell on the floor when I saw Kevin’s name on it, it is just not the sort of thing I have come to associate him with.

    23. Sam
      Aug 22 2008, 11:41:14 am

      Kevin, I trade with American Futures Trading and they charge $45 round turn one time. You don’t pay anything when exiting. They’ve been very professional and helpful and have done well with their recommended trades as well. They charge $45 total for full service and you can pay less if you want to do discount.

      I’ve never been too crazy about Agora’s marketing either, but have been happy with Kevin’s trades for the most part. It’s been more bumpy than anything else.

    24. Kevin Kerr
      Oct 18 2009, 08:07:06 am

      Very interesting. I have never seen this site before now. I thank all of you who left nice comments and also bad. I will let you know for the record that I resigned from Agora after this marketing came out, I was adamantly against it. I HATE THIS KIND of marketing. I held my nose for much of it but never wrote any of it, and as my readers know, i often was critical of it even when Agora urged me not to be. I left in August of 2008 and got hooked up with another scummy publisher, then finally broke away from that and am self publishing, the way it should be. http://www.kerrcommoditieswatch.com I have been contacted by the CFTC and SEC, NFA and others to testify against Agora and provide information about their practices and I am more then willing to help. Steve Sarnoff, Porter Stansberry and others are absolutely absurd liars in my opinion. Unfortunately, excellent editors and traders like Chris Mayer and Byron King are wrapped up in the Agora marketing animal like I was. I hope they get out before they all go to jail. If you want a better type of honest trading newsletter at a very reasonable price…visit me at kerrcommoditieswatch.com

    25. David Whitson
      Oct 23 2009, 05:37:48 pm

      I tracked Kevin Kerr’s trading results when they were available online, starting in about December 2005. He claimed to have an 80% successful trading record, which his portfolio results seemed to support. I crunched the numbers for his 2007 trading results and saw that, if I’d put in money when his recommended trades were consistently losing money (in about February), even with 4-5 losing trades, his advice still would have taken $20,000 down to about $11k and back up to about $54k. Even with his career batting average, so to speak, down to closer to 78%, I took the plunge. I paid $1750, if memory serves, for two years of Kerr’s trading advice from Agora Publishing. He left Agora at that time, so I re-subscribed for a year, for almost $1000/yr. from his new service. Finally got to trading on auto trade with one of his recommended brokers in September of 2008, and , as of my last conversation with my contact at the brokerage, have lost money on EVERY TRADE since then, except an orange juice trade, on which I could have doubled the $800 buy- in, but for a glitch in timely communication with the broker.(They neede a fax from me, because they had changed names because of some kind of restructuring. During this time Kevin Kerr also changed publishers yet again, now self-publishing, requiring subscription changes all over again, for those still wanting to follow his advice. So much for simply auto trading his recommendations). So, basically, Mr. Kerr can make money in a rising market, but his decades of experience had taken my $24k down to about $9k from September ’08 to July ’09, at which time I simply stopped any and all trading. When I have resumed breathing, I’ll fax the broker about closing out that account.

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