Investing and Trading News, with a Contrarian, Sarcastic Twist!
Look at cotton, coffee, and sugar, he says. This is interesting because I was really kicking myself for prematurely selling my platinum position after it took off last week due to the S Africa drama.
Thanks to my boy Cincotta for sending this along (pounding my chest and pointing East right now). Increased meat consumption will mean more meat production – which means more grain consumption. Which means higher grain prices. But meat production won’t be able to keep up with consumption – so that means higher meat prices too. […]
The ratio of the price of oil, in comparison to natural gas, is very high right now compared with historical standards. This article does a good job of explaining this (it’s a few months old, but the ratio is still roughly the same). The author is not a fan of going long nat gas and […]
Very interesting opportunity ahead for us, perhaps, in the lumber market. I have not traded lumber before, but that could change once this downtrend stops. We’ll keep a close eye on the lumber charts here for you.
My bad (thumping my chest with my palm). Tough week. Good thing I made those “crash proof” trades Monday night – I think I managed to sell at the absolute bottom. Ah well, that’s usually the way it works. I thought about adding a YTD calculation to improve my mood – but I’ll hold the […]
Don’t laugh too hard – we’re not that far off ourselves at this rate.
Even though the bull market and supply/demand story is still firmly in place for commodities, expect rocky trading going forward. Many hedge funds have been piling into these trades, driving the prices higher than normal, creating a “price premium”. So, when funds have to bail out of everything due to margin calls (a la earlier […]
The famed investor goes on to say that he does not expect a global recession. I take this as a cue to be wary of going long energy (highly US dependent), but feel good about grains and softs, which should not be as affected by a US recession.
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