Investing and Trading News, with a Contrarian, Sarcastic Twist!
An interesting interview with superinvestor Jeremy Grantham. Perhaps of interest to readers of this blog: he mentions he is long the Japanese yen, the Swiss franc, and the Singapore dollar.
Full article Summary: The current commodity cycle is unique because energy and food have “converged” in price – they are now interchangeable due to biofuels Without government subsidies, sugar cane would be the only economically viable biofuel (@ $35/barrel equivalent) Land devoted to biofuels projected to continue its climb
Open Positions Date Position Qty Month/Yr Contract Strike Call/Put Entry Price Last Price Profit/Loss 02/14/08 Long 1 MAY 08 Cocoa 2535 2519 ($160.00) 02/14/08 Long 2 MAY 08 Cotton 71.26 70.18 ($1,080.00) 02/14/08 Long 1 MAY 08 Coffee ‘C’ 154.25 152.20 ($768.75) 02/14/08 Long 1 MAY 08 Coffee ‘C’ 155.10 152.20 ($1,087.50) 02/14/08 Long 2 […]
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?
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