Investing and Trading News, with a Contrarian, Sarcastic Twist!
Short 2 minute clip of Jim Rogers on Yahoo Finance. In short, he’s: Wary of precious metals right now (may consolidate if US drops into recession) Buying agriculture “as he speaks”
By JULIE JARGON February 15, 2008; Page A1 ALBION, Neb. — The U.S. economy may be teetering on the brink of recession. But there’s a bountiful harvest down on the farm. Grain prices are surging to historic levels. Spring wheat, a variety often used in bread, hit a record $18.53 per bushel yesterday. Corn is […]
Here’s the 2nd half of the interview I posted yesterday about Peak Oil – I haven’t read this guy’s book yet, but maybe I should.
From Agora’s 5 Min Forecast: Likewise, the wheat “trading band” has been widened this week for the first time in eight years. In response to upward pressure on wheat prices over the past year, U.S. commodity exchanges are allowing the wheat price to move a maximum 60 cents up or down each day, instead of […]
Open Positions Date Position Qty Month/Yr Contract Strike Call/Put Entry Price Last Price Profit/Loss 01/30/08 Long 1 MAR 08 Cocoa 2284 2379 $950.00 12/20/07 Long 1 MAR 08 Cotton 66.45 68.41 $980.00 01/09/08 Long 1 MAR 08 Cotton 69.61 68.41 ($600.00) 01/22/08 Long 1 MAR 08 Japanese Yen 0.9460 0.9343 ($1,462.50) 02/04/08 Long 1 MAR […]
Returns don’t look so great when adjusted for inflation, huh?
Interesting take in Daily Wealth on why the dollar is about to rally vs. the Euro (scroll to bottom – though the top article is good too). My opinion – even if the dollar does not rally vs. the Euro, I don’t think it has much farther to fall vs. the Euro either. However the […]
This about sums up the sad state of our currency.
As stocks continue to flounder, commodities continue to soar across the board. Platinum has set 7 record highs in the last 8 trading days. All wheat contracts also set all-time highs. No doubt this is a flat out bull market. But all bull markets have set backs, so we need to keep that in mind. […]
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