Top posts from the past week:
Our coverage of Marc Faber’s recent interview on CNBC from December 1st continues to see a lot of traffic.
A review of our trades and positions from the previous week:
- Continued to hold one cocoa futures contract – up slightly on the week. Looking to add to this position on higher high’s.
- Continued to hold one mini-gold futures contract – a nice bounce on Friday for Gold also made this position a solid performer on the week. Looking to pyramid if/when gold makes a serious run at $1,000.
- Purchased one wheat futures contract. All of the grains look like they are now breaking out – the corn and soybean charts look very similar. I think the grains are seriously oversold, and the bullish fundamentals are quite intriguing at these price points. I prefer wheat and corn over soybeans personally from a fundamental perspective.
Our wish list…everything here looks beaten down…some starting to form a bottom it appears…
- Sugar
- Coffee
- Cotton
- Natural Gas
- Silver
- Crude Oil
- Corn
Open positions
| Date | Position | Qty | Month/Yr | Contract | Entry Price | Last Price | Profit/Loss |
|---|---|---|---|---|---|---|---|
| 12/15/08 | Long | 1 | MAR 09 | Cocoa | 2586 | 2616 | $300.00 |
| 12/24/08 | Long | 1 | MAR 09 | Wheat | 579 1/4 | 599 | $987.50 |
| 12/15/08 | Long | 1 | FEB 09 | Mini Gold | 836.6 | 870.6 | $1,128.80 |
| Net Profit/Loss On Open Positions | $2,416.30 | ||||||
Account Balances
| Current Cash Balance | $47,916.42 |
| Open Trade Equity | $2,416.30 |
| Total Equity | $50,332.72 |
| Long Option Value | $0.00 |
| Short Option Value | $0.00 |
| Net Liquidating Value | $50,332.72 |
Cashed out: $20,000.00
Total value: $70,332.72
Weekly return: 4.9%
YTD return: -8.6%
***”Cash out” mostly means taxes, but lately we’ve also been using it for living expenses, and also to finance a cool new time management software startup that is starting to lift off – and was recently covered by the Sacramento Business Journal.
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