He sees ‘skyrocketing’ prices for commodities (thanks for the link Toby) An interview with Charlie Rose from You Tube
The Contrary Investing Report
Investing and Trading News, with a Contrarian, Sarcastic Twist!
Investing and Trading News, with a Contrarian, Sarcastic Twist!
He sees ‘skyrocketing’ prices for commodities (thanks for the link Toby) An interview with Charlie Rose from You Tube
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 74.50 $5,750.00 04/16/07 Long 1 DEC 08 Cotton 64.50 74.50 $5,000.00 07/27/07 Long 1 DEC 07 Coffee ‘C’ 115.30 128.70 $5,025.00 06/19/07 Long 1 DEC 07 Coffee ‘C’ 120.50 128.70 $3,075.00 03/23/07 Long 1 […]
Maybe a buying opportunity in coffee – futures sold off today on profit taking and minor showers passing through Brazil. However, no ‘meaningful’ moisture is in the 10 day forecast, so the crop will stay dry. Thanks for the lead on this, Toby.
Great piece from Agora’s Kevin Kerr. He comments on the grains markets, saying that the high prices are going to get even higher, because demand is just plain outpacing supply.
Gold hit $733 this morning, a 27 year high. From Agora’s 5 Minute Forecast today: “This move in gold is very different from the spike of May 2006,” says Adrian Ash of bullionvault.com. “Back then, gold moved higher with stocks and bonds. Now stocks and bonds are slipping back while gold attracts a genuine safe-haven […]
Sugar is up big today – speculation is that a large fund has stepped in and purchased a large amount of contracts. This buying comes on the heels of our sugar discussion – perhaps a reader of this blog pulled the trigger?
Here’s to hoping it stays dry in Brazil – this was a really nice pop. Up nearly 10 cents in the last 2 days. And this guy likes the technical outlook for coffee over the next couple of days.
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 […]
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