Investing and Trading News, with a Contrarian, Sarcastic Twist!
A couple of good ones from Chuck in today’s Daily Pfennig:Well… How about that U.S. dollar? That’s some currency Rudy! Why, look at it rallying against the euro and other currencies as if it’s on a mission from God! It looks as if the U.S. has turned things around… The Deficit no longer needs to […]
Big drop today – I can’t find any news to support. Best I can find is that the recent rally was based upon supply concerns, and I’m sure spec buying no doubt. I just covered my position here – no point hanging on after a big gap down like this, I think.
The video interview runs over 20 minutes – I can’t get enough of listening to Jim. Even though he repeats his investing themes, those themes will almost always make you big $$$, so a good refresher course can never hurt. At the 5:40 mark of the third video, Jim mentions what he’s buying now: Agriculture […]
From Agora’s 5 Min Forecast – Kerr sees corn north of $7 in ’08. I know, yet another post about plantings behind schedule. Also worth noting – as long as I’ve been following Kerr (~3 years), his calls on corn prices have been spot-on. Corn futures, on the other hand, are still on the rise. […]
Whoa, how’d I miss the recent rally in live cattle? It make so much sense fundamentally – Asia eating more meat, high grain prices putting the squeeze on meet production, etc…I just fell asleep at the wheel a bit here.Here’s an article I found on BarChart regarding the livestock markets. I also read over the […]
Open Positions Date Position Qty Month/Yr Contract Strike Call/Put Entry Price Last Price Profit/Loss 04/15/08 Long 2 JUL 08 Corn 605 589 ($1,600.00) 04/17/08 Long 1 JUL 08 Cocoa 2735 2777 $420.00 04/15/08 Long 3 JUL 08 Rough Rice 21.745 24.180 $14,610.00 04/15/08 Long 1 JUL 08 Sugar #11 13.26 12.23 ($1,153.60) Net Profit/Loss On […]
Maybe it’s not time to quit on Rice yet! Sorry – wrong rice 🙂 Close call for me – I had my stop down at 23.50. I was sure I was going to be stopped out, and am glad I hung on and waited to “take it like a man”, rather than just selling around […]
David Bloom makes the case that the Japanese Yen is no longer trading based on Japanese events. From personal observation – I agree, the Yen has been basically an inverse proxy of risk appetite in America for the past year or so.
From Marketwatch: Dennis Gartman, editor of daily financial trading commentary The Gartman Letter, said Monday that he’s abandoning his long-held bullish outlook on gold. Gartman said that “good bull markets” don’t fall in the way that gold and other metals fell on Friday, when the precious metal tumbled $27.70. Gold “has broken this well-defined bullish […]
Ah the joys of trading agriculture 🙂 Dow Jones – CBOT corn futures are firmly planted in negative territory, as the market extracts weather premium from prices, analysts say.
Recent Comments