Nice article in Moneyweek with quotes from our hero, Jimmy Rogers.
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The famed investor goes on to say that he does not expect a global recession. I take this as a cue to be wary of going long energy (highly US dependent), but feel good about grains and softs, which should not be as affected by a US recession.
Like everyone else – I’m worried the US markets are going to crash, or at least severely tank, tomorrow. Grains have been down big already this week, and the US markets have not even opened. So instead of waiting around to be slaughtered like a lamb…I’m trying to play a little offense. Here’s an overview […]
Date Position Qty Month/Yr Contract Strike Call/Put Entry Price Last Price Profit/Loss 01/10/08 Long 1 MAR 08 Australian Dlr 0.8889 0.8733 ($1,560.00) 12/07/07 Long 1 MAR 08 Corn 415 498 1/2 $4,175.00 12/14/07 Long 1 MAR 08 Corn 439 498 1/2 $2,975.00 01/03/08 Long 1 MAR 08 Corn 468 498 1/2 $1,525.00 01/14/08 Long 1 […]
Great interview by The Donald on Fox News with a hilarious finish. (search for Trump Talks). “If I were president, you’d have $30 oil right now. I would call up Saudi Arabia and say ‘That f***ing pricing is coming down…and it’s coming down now. And you know what? They’d lower their price so quickly.”
Hmmmm – as a contrarian investor, stories like this make me nervous. On the bright side, maybe some readers can apply.
Right on cue – a nice synopsis of CHK’s investment allure in today’s Rude Awakening.
Sugar’s up big this morning. I can’t find any news justifying or even commenting on the reason for the move. I know funds had been moving some money over to the sugar market, as it is being more heavily weighted on a few commodity indexes. Regardless, sugar has some room to run. It neared the […]
Scary moment this morning as I was down over 10% overnight – never a good thing. Showed me I was using too much leverage. I sold a few contracts to bring the ratio down further (1 Platinum and 1 Rough Rice – both were showing weakness). I wasn’t thrilled about having to sell before the […]
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