Investing and Trading News, with a Contrarian, Sarcastic Twist!
The DailyWealth team has been all over this story – record corn prices, which will soon produce record hog prices. Agree with the hypothesis 100%, but not sure if I completely agree with the way to play it. My plan is to keep an eye on those mid ’09 contracts…wish I had kept an eye […]
Well not a great week – disappointed in cotton especially, and coffee to end the week. A few thoughts on the positions: Cotton FuturesCotton broke sharply to the downside, as I managed to pin the tail on the local top. However I believe the downside here is limited, so I’m planning to hang on for […]
According to a recent NY Times article, at least 29 nations have recently curbed food exports. Take a wild guess what happens when nations curb exports of something – I’ll give you a hint, it’s not bearish for prices. Also this quote struck me in the article:“The main cause of rising rice prices is the […]
Farmers continue to shift acreage to corn and soybeans. One industry executive estimates cotton would need to top $1/pound for it to be cost competitive with corn and soybeans. So we can do the math – either cotton is going higher, or corn and soybeans are heading lower, but something has to give.
Recent comments from our hero, the Sage of Commodities. Notes: Avoid the dollar Best investments for ’08: commodities and natural resources Don’t give up on Chinese shares yet
A nice little week – good to be back in the win column. Things cooled off later in the week for me, mostly as wheat plummeted in late trading hours Friday morning. However cattle ended the week very strong, which was great to see. My new policy of watching the charts, rather than my account, […]
Thoughts on the commodity futures markets as we put a wrap up on the week: Oil topping 140 as I write – this market continues to defy gravity. Too scary for me to try and play either side of this market. The Fed’s decision to stay put (a real shocker) really put a kick start […]
Video Link My notes: He is VERY concerned with the current levels of inflation. This is striking, as you rarely hear Warren Buffett mention inflation. If he were in Bernanke’s shoes, he would “offer his own resignation”. Still believes the dollar will weaken further over time – mentioned lack of Congressional discipline. Oil price is […]
Check out the solution floated by the CEO of Ryanair. Faaaaaaaaaaaaaantastic.
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