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We have an even nicer opportunity to buy some Aussie dollars. From the Daily Pfennig’s Chuck Butler: The Bank of Canada (BOC) did leave rates unchanged yesterday, as expected… The Bank said that “against a backdrop of robust global economic expansion and strong commodity prices”, Canada’s “economy is now operating further above its production potential […]
From the DJ news wires: On ICE Futures U.S., pit-traded Arabica coffee futures sank to 2 1/2-week lows as funds and small speculators liquidated and batches of sell stops were triggered during the retreat. Sellers were spurred by predictions from Brazilian meteorologist Somar and other forecasters that the nation’s producing areas – where it’s been […]
I just put in an order for another Aussie $$$ contract – going to take advantage of today’s pullback. Date Position Qty Month/Yr Contract Strike Call/Put Entry Price Last Price Profit/Loss Market Value Action 10/15/07 Long 1 DEC 07 Australian Dlr 0.8960 0.8957 ($30.00)
Well my first morning back – and I see that all of my gains from last week were completely wiped out by a sharp drop in coffee this morning. I am guessing this is weather related. My December contracts closed today just above 130, after flirting with the 140 mark late last week. It must […]
I have two good video clips to leave you with for the next week. I’m heading to Costa Rica for my honeymoon – hopefully the hotel room will have CNBC so that I can still follow the markets. And maybe I can convince the wifey to swing by a coffee or sugar plantation to get […]
Date Position Qty Month/Yr Contract Strike Call/Put Entry Price Last Price Profit/Loss Market Value Action 10/03/07 Long 1 DEC 07 Australian Dlr 0.8820 0.8945 $1,250.00 09/24/07 Long 1 DEC 07 Cotton 66.00 63.25 ($1,375.00) 01/22/07 Long 1 DEC 08 Cotton 63.00 72.21 $4,605.00 04/16/07 Long 1 DEC 08 Cotton 64.50 72.21 $3,855.00 10/05/07 Long 1 […]
Looks like the dollar rally has finally fizzled – so I’m going to hop aboard the Euro train on the way to 1.45. BOUGHT 1 DECEMBER 2007 EURO CURRENCY (GLOBEX) AT 1.4173 (10/05/07 09:09:43AM)
Coffee in Brazil needs significant rain in October to help the crop flower. However it has been quite dry for a while, and there is no significant rain in the forecast for the next 7 days. Thus, coffee prices remain strong. Could we see a super-spike coming if this harvest is trashed? The article goes […]
Huh? OK, OK I know – it’s not a commodity. But it is a commodity currency, and one that the folks over at the Daily Pfennig are bullish on. Chris Gaffney believes it could soon achieve parity with the US dollar. And I love the statement by Treasurer Peter Costello (courtesy of the Daily Pfennig) […]
Anyone out there ever trade Tantalum? Agora’s Kevin Kerr is bullish on this obscure metal. My brokerage account doesn’t have contracts available to trade – just curious if anyone out there has experience.
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