Investing and Trading News, with a Contrarian, Sarcastic Twist!
Corn futures have been whacked this week. Dry weather over the weekend helped farmers make impressive gains, but plantings are still behind. This may be a nice buying opportunity. All the “on the ground” intelligence I’ve seen still indicates this crop could be in serious trouble. These could be some deceiving positive numbers that are […]
This from Jeff Clark at the Growth Stock Wire. I read this guy regularly and he tends to be spot on with his trading calls, so definitely worth paying attention to.
Chuck Butler mentioned yesterday in the Daily Pfennig that, for the first time since 2005, Futures Traders are going long the US Dollar. 2005, you’ll remember, was the year of the dollar’s counter rally in this downtrend. Nothing goes straight up or down, so we’ll see if this is the start of some sort of […]
Note: This article was also published on Seeking Alpha. Bull markets, like college fraternity parties, usually begin in relatively quiet fashion – with small participation, initial awkwardness, and some doubters. In both cases, things have a tendency to quickly kick into gear when they are driven by supply and demand fundamentals – be it alcohol, […]
In an indication the commodities boom may not be the bubble imagined, Mr Lipsky said the forces pushing prices up “appear to be fundamental in nature” – and these were being amplified by lower US interest rates and the dollar’s decline. Full article
Open Positions Date Position Qty Month/Yr Contract Strike Call/Put Entry Price Last Price Profit/Loss 04/15/08 Long 2 JUL 08 Corn 605 628 1/2 $2,350.00 04/29/08 Long 1 OCT 08 Live Cattle 103.850 107.050 $1,280.00 04/30/08 Long 1 OCT 08 Live Cattle 104.350 107.050 $1,080.00 05/08/08 Long 1 OCT 08 Live Cattle 105.350 107.050 $680.00 05/09/08 […]
Full article In vintage Mises fashion, Kel Kelly points out that government is the root problem here, not the solution. Amen!
A story we’re continuing to follow very closely here – high grain prices should increase meat prices.
The dollar rally continues today, on the back of comments by a Fed Head mentioning inflation, and hinting at a potential rate increase in the cards. I’m filing this one in the category of “I’ll believe it when I see it”. Personally I wouldn’t mind seeing the rally continue, just sweetening the entry prices for […]
Jim Rogers on CNBC yesterday, with everyone’s favorite Money Honey, Maria Bartiromo. Thanks Toby for the find on this one.
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