Investing and Trading News, with a Contrarian, Sarcastic Twist!
Looks like the dollar rally has finally fizzled – so I’m going to hop aboard the Euro train on the way to 1.45. BOUGHT 1 DECEMBER 2007 EURO CURRENCY (GLOBEX) AT 1.4173 (10/05/07 09:09:43AM)
Coffee in Brazil needs significant rain in October to help the crop flower. However it has been quite dry for a while, and there is no significant rain in the forecast for the next 7 days. Thus, coffee prices remain strong. Could we see a super-spike coming if this harvest is trashed? The article goes […]
Huh? OK, OK I know – it’s not a commodity. But it is a commodity currency, and one that the folks over at the Daily Pfennig are bullish on. Chris Gaffney believes it could soon achieve parity with the US dollar. And I love the statement by Treasurer Peter Costello (courtesy of the Daily Pfennig) […]
Anyone out there ever trade Tantalum? Agora’s Kevin Kerr is bullish on this obscure metal. My brokerage account doesn’t have contracts available to trade – just curious if anyone out there has experience.
Commodities (and foreign currencies) are down across the board, as the dollar has bounced sharply up the last 2 days. I think this was overdue – there are always corrections after such sharp moves, and the dollar has been taken to the woodshed hard since Bernanke caved. If you invest in commodities on fundamentals, nothing […]
I picked up another coffee contract yesterday on the pullback – I think this provides a nice buying opportunity. The Dec contracts are currently trading at 128.85. Every interview that Jim Rogers gives now, he seems to toss out these three commodities as the current buying opportunities:* coffee* cotton* sugar I would take a hard […]
I just picked up one more cotton contract this morning – this crop is poised perfectly for a big rally quite soon. Remember that often these four crops share soil:* wheat* corn* soybeans* cotton The first 3 are at all-time highs right now. So it’s clear that cotton will continue to be neglected further in […]
I will not be long wheat very much longer – farmers are sowing the largest wheat crop in 10 years.
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 […]
Recent Comments