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Commodities (and foreign currencies) are down across the board, as the dollar has bounced sharply up the last 2 days. I think this was overdue – there are always corrections after such sharp moves, and the dollar has been taken to the woodshed hard since Bernanke caved. If you invest in commodities on fundamentals, nothing […]
I picked up another coffee contract yesterday on the pullback – I think this provides a nice buying opportunity. The Dec contracts are currently trading at 128.85. Every interview that Jim Rogers gives now, he seems to toss out these three commodities as the current buying opportunities:* coffee* cotton* sugar I would take a hard […]
I just picked up one more cotton contract this morning – this crop is poised perfectly for a big rally quite soon. Remember that often these four crops share soil:* wheat* corn* soybeans* cotton The first 3 are at all-time highs right now. So it’s clear that cotton will continue to be neglected further in […]
I will not be long wheat very much longer – farmers are sowing the largest wheat crop in 10 years.
He sees ‘skyrocketing’ prices for commodities (thanks for the link Toby) An interview with Charlie Rose from You Tube
Date Position Qty Month/Yr Contract Strike Call/Put Entry Price Last Price Profit/Loss Market Value 01/22/07 Long 1 DEC 08 Cotton 63.00 74.50 $5,750.00 04/16/07 Long 1 DEC 08 Cotton 64.50 74.50 $5,000.00 07/27/07 Long 1 DEC 07 Coffee ‘C’ 115.30 128.70 $5,025.00 06/19/07 Long 1 DEC 07 Coffee ‘C’ 120.50 128.70 $3,075.00 03/23/07 Long 1 […]
Maybe a buying opportunity in coffee – futures sold off today on profit taking and minor showers passing through Brazil. However, no ‘meaningful’ moisture is in the 10 day forecast, so the crop will stay dry. Thanks for the lead on this, Toby.
Great piece from Agora’s Kevin Kerr. He comments on the grains markets, saying that the high prices are going to get even higher, because demand is just plain outpacing supply.
Gold hit $733 this morning, a 27 year high. From Agora’s 5 Minute Forecast today: “This move in gold is very different from the spike of May 2006,” says Adrian Ash of bullionvault.com. “Back then, gold moved higher with stocks and bonds. Now stocks and bonds are slipping back while gold attracts a genuine safe-haven […]
Sugar is up big today – speculation is that a large fund has stepped in and purchased a large amount of contracts. This buying comes on the heels of our sugar discussion – perhaps a reader of this blog pulled the trigger?
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