Investing and Trading News, with a Contrarian, Sarcastic Twist!
Hey why not – I could see it trending up over the next few days. I’ll ride the train until it starts to slow down. Here are all the contracts I have – at least they are all ‘mini’ contracts. I feel like a diet soda drinker – should have just bought the real thing: […]
And gold shot up quickly as a result. I’m planning to hold these contracts for a couple of days and see where the action goes. Paul Volcker must be spinning in his grave. Date Position Qty Month/Yr Contract Strike Call/Put Entry Price Last Price Profit/Loss Market Value 09/17/07 Long 2 OCT 07 Mini Gold 719.4 […]
I rarely do this – so we’ll see how it works out – but I bought 3 Mini Gold contracts this afternoon. I believe the Fed will cut rates tomorrow – by 0.50% I think, and the dollar will get taken to the woodshed. This is a short-term trade, and I plan to be out […]
Coffee futures are up big so far today – my Dec contracts are up 6 points already. From what I can gather, this is due to an anticipated bum harvest in Vietnam’s Robuta beans.
With sugar prices back in the tank, farmers appear to be looking to other crops. Here is a sample of articles I found as supporting evidence. As a result, I believe supply numbers may disappoint over the next couple of years – which could trigger another price run-up. That would make this an attractive time […]
MUMBAI: Sugar futures fell on Wednesday as deliveries started arriving at warehouses ahead of next week’s near-month contract expiry, and weighed down by a bumper crop in the offing. The International Sugar Organisation said in its monthly report on Tuesday it expected India to overtake Brazil as world’s top sugar producer with an estimated 33.5 […]
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 72.50 $4,750.00 04/16/07 Long 1 DEC 08 Cotton 64.50 72.50 $4,000.00 07/27/07 Long 1 DEC 07 Coffee ‘C’ 115.30 121.40 $2,287.50 06/19/07 Long 1 DEC 07 Coffee ‘C’ 120.50 121.40 $337.50 03/23/07 Long 1 […]
From James Turk, founder of GoldMoney.com: The above chart is presenting a very bullish picture for gold. My upside target for gold this year has been $800. To be honest, I thought we would be there by now, but we’re not thanks to central banks as explained above. But we have reached a state in […]
From Agora’s 5 Min Forecast: “The price of natural gas continues to wallow around and not do much,” Chris Mayer tells his Capital & Crisis readers, “but there are two long-term, seemingly relentless natural gas trends that bode well for those invested in the industry. Price movement like this is making many natgas stocks “move […]
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 68.80 $2,900.00 04/16/07 Long 1 DEC 08 Cotton 64.50 68.80 $2,150.00 07/27/07 Long 1 DEC 07 Coffee ‘C’ 115.30 116.65 $506.25 06/19/07 Long 1 DEC 07 Coffee ‘C’ 120.50 116.65 ($1,443.75) 03/23/07 Long 1 […]
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