Investing and Trading News, with a Contrarian, Sarcastic Twist!
David Bloom makes the case that the Japanese Yen is no longer trading based on Japanese events. From personal observation – I agree, the Yen has been basically an inverse proxy of risk appetite in America for the past year or so.
From Marketwatch: Dennis Gartman, editor of daily financial trading commentary The Gartman Letter, said Monday that he’s abandoning his long-held bullish outlook on gold. Gartman said that “good bull markets” don’t fall in the way that gold and other metals fell on Friday, when the precious metal tumbled $27.70. Gold “has broken this well-defined bullish […]
Ah the joys of trading agriculture 🙂 Dow Jones – CBOT corn futures are firmly planted in negative territory, as the market extracts weather premium from prices, analysts say.
And a very happy 420 day to all our friends out there who enjoy puffing the reefer from time to time. Any threat of “Peak Pot” on the horizon, or has it been spared from the biofuels fiasco? Open Positions Date Position Qty Month/Yr Contract Strike Call/Put Entry Price Last Price Profit/Loss 04/15/08 Long 2 […]
Well, when it hits the front page of your local newspaper, it’s probably time to sell. It will be interesting to see where prices go this week. For now, the line is still going from the “lower left to the upper right”, as Dennis Gartman likes to say. Sacramento Bee: Panic over rice prices hits […]
Another good one from Agora – courtesy of their 5 Minute Forecast (if you couldn’t tell, I read this publication religiously): On the other side of the world, extreme drought and telling profit margins have Australian rice farmers switching to growing wine grapes. Australian rice? Yeah, that’s what we thought, too. But the reduction in […]
I just picked up a Cocoa contract. I had been eying cocoa for about a week, but wanted enough validation to pull the trigger. Of course now I wish I had pulled it sooner – but that’s the way it works. Check out the cocoa chart here – very strong rally following up from the […]
Recent Comments