Investing and Trading News, with a Contrarian, Sarcastic Twist!
Today we got a buy signal from the Swiss franc – and I’m happy to jump back in. I only wish I could have jumped in at a lower price…but I had to honor the new system. Rules are rules, you know. And I don’t have the luxury of ignoring the rules of system like […]
Gold has taken off on light overseas trading during the New Year holiday, and the rally is continuing today. It has finally cleared it’s all-time high, at 859 as I write this. I don’t see any signs of this train slowing down.
Happy New Year’s everyone! Last post for the year here – back in ’08, ready to first recap ’07 and yearly returns since inception in ’05, then it’s time to figure out the year ahead! Date Position Qty Month/Yr Contract Strike Call/Put Entry Price Last Price Profit/Loss 12/07/07 Long 1 MAR 08 Corn 415 451 […]
Four nice charts related to gold and the dollar from GoldMoney.com. No doubt which way the long-term trend is, and I don’t see any catalysts to reverse it on the horizon.
This article from the AP speculates that farmers may be tempted to switch some plantings from corn back to soybeans this year, but that it’s too early to forecast. Beans are up huge again this morning (March @ 1236 as I type), so this wave is not showing signs of slowing down yet.
Date Position Qty Month/Yr Contract Strike Call/Put Entry Price Last Price Profit/Loss 12/07/07 Long 1 MAR 08 Corn 415 443 1/2 $1,425.00 12/14/07 Long 1 MAR 08 Corn 439 443 1/2 $225.00 12/20/07 Long 1 MAR 08 Cotton 66.45 66.58 $65.00 11/09/07 Long 1 MAR 08 Coffee ‘C’ 126.05 133.85 $2,925.00 12/21/07 Long 1 APR […]
From The Economist: “The decrease in hop production, put at some 50% over the past decade, has sent prices through the roof.”Full article
Winner Take All: A Top Commodity Trader Tells It Like It Is by William R. Gallacher is a great read. Gallacher is a pure fundamentals guy who dismisses technical analysis by itself, but recognizes its importance in the context of an overall system. Here’s the jist of Gallacher’s discussion:* Fundamentals rule the day – technical […]
Over at Agora, commodities guru Kevin Kerr listed his hot commodities for ’08. In short, he likes the soft commodities – especially cocoa, coffee, and sugar. Both coffee and sugar have been pushing higher over the past couple of weeks. I picked up another sugar contract this morning in an attempt to pyramid this rise. […]
Yesterday I pounded through a great read, Winner Take All: A Top Commodity Trader Tells It Like It Is, by William R. Gallacher. I’ll gather my thoughts and post what I took away shortly. Overall on the portfolio side, I’m sure you notice some major changes from about a month ago (when things were running […]
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