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A contemplation on my trades from the week that was: Shorted the British Pound (again) – Roll over, Sterling! The trend is my friend, the trend is my friend, the trend…bad economic data keeps on coming from the UK. This move was long overdue. Went long Coffee – I absolutely DON’T like the way coffee […]
A jolly good day to you, dear reader chap. This morning, over tea and biscuits, I posed the following query to myself: Q: What’s better than one short British Pound contract? A: Well that’s easy, my good man – the answer is TWO short British Pound contracts. Check out this chart – is this dog […]
Probably a step up from your standard CNBC fare
From Reuters: The U.S. mint said in a statement on Thursday that it was temporarily suspending sales of its American Eagle bullion coins due a shortage as demand soared. This “super spike” in gold bullion happened as gold touched as low as $773, a nine-month low. Apparently, many savvy US investors took advantage of the […]
Here’s a great case study. Woke up this morning, pleasantly surprised to see coffee up 3 cents from my entry point. And then, before I could put down my morning cup of coffee – prices rolled over. Guess I didn’t put it down fast enough: Better get my ass down to Starbucks!
Last I checked, the futures markets were giving OBAMA! a 59% chance to winning the election – lower than I would guess, so I suppose you could say I would go “long Obama” if I had to make a trade. Thus I have internally accepted the fact that we must prepare to deal with the […]
Note: This article has been published by Seeking Alpha. Coffee futures are not my favorite to trade. They’re so volatile that it’s tough to distinguish a true breakout from noise. Hopefully for me (I went long the Dec contract today), this move has more legs than the head fake from June: Taking a step back, […]
Full WSJ article (subscription required) Nickel is off over 30% this year, forcing several operations to shut down or reduce output. Analysts quoted in the article expressed mixed opinions about how far away a potential floor for prices is. Wherever that near term floor may be, my interest is always piqued when prices in something […]
A review of trades from the week that was: Covered my Soybean Short – beans rallied, along with the rest of the grains. Closed this out at a loss. And a good thing too – the grains markets continue to rally strong, even into the Asian session this evening. I can’t make heads or tails […]
Buy. Or hold – and buy when the uptrend resumes. Sure this correction hurts. But corrections happen, and gold/silver were going parabolic for a bit – and anything that goes parabolic corrects eventually. For a big picture view – let’s turn off CNBC and review the facts. First, let’s discuss all of the fundamentals that […]
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