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Today, US stocks were not successful in issuing a counterpunch to yesterday’s bloodbath, when there were 11 stocks down for every 1 up. Stocks staged a meager rally after opening – only to swoon late and close at new lows for 2010. As you can see from the chart below, the S&P 500 peaked in […]
Three pot growing counties nearby here in Northern California are experiencing an “economic catastrophe” due to – get this – plummeting marijuana prices. NPR reports: Legal pot, under the guise of the California’s medical marijuana laws, has spurred a rush of new competition. As a result, the wholesale price of pot grown in these areas […]
Thanks to good friend and fellow deflationist Carson for sending along the latest CPI numbers, which were released this morning. Inflation? Where? On a seasonally adjusted basis, the Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1 percent in April, the U.S. Bureau of Labor Statistics reported today. Take away food and energy, and the deflation […]
I’m sorry for the lack of posts the past week – it was a really crazy week. I’m involved with a startup and we had a big pitch to give on Thursday, so the week just flew by. I caught up on the commodity news yesterday, and have a few things to post later this […]
Open Positions Date Position Qty Month/Yr Contract Strike Call/Put Entry Price Last Price Profit/Loss 03/31/08 Long 1 MAY 08 Corn 576 3/4 593 $812.50 04/02/08 Long 1 MAY 08 Corn 598 1/2 593 ($275.00) 03/13/08 Long 1 JUN 08 Japanese Yen 0.9992 0.9879 ($1,412.50) 03/12/08 Long 1 MAY 08 Rough Rice 18.980 20.680 $3,400.00 03/13/08 […]
Open Positions Date Position Qty Month/Yr Contract Strike Call/Put Entry Price Last Price Profit/Loss 03/24/08 Long 1 MAY 08 Cotton 71.87 71.70 ($85.00) 03/13/08 Long 1 JUN 08 Japanese Yen 0.9992 1.0100 $1,350.00 03/12/08 Long 1 MAY 08 Rough Rice 18.980 19.675 $1,390.00 03/13/08 Long 1 MAY 08 Rough Rice 19.500 19.675 $350.00 03/25/08 Long […]
Another tough week – I’m not really helping myself with these currency and S&P losses. Trying to cut my positions further until I get back on the winning track. Open Positions Date Position Qty Month/Yr Contract Strike Call/Put Entry Price Last Price Profit/Loss 03/13/08 Short 1 JUN 08 E-Mini S&P 500 1315.75 1328.00 ($612.50) 03/13/08 […]
Wow – what a crappy week in the commodity markets. The biggest one-week drop in commodities in the last 50 years took place this week – and it wasn’t even a full trading week! I hope everyone is still relatively intact. I am taking some hits myself, but still standing and fortunately still profitable on […]
Regular readers know that we’re keeping an eye on developments in the lumber market, which is suffering from its lowest prices in decades. I got the idea from Tom Dyson at DailyWealth, and his follow up article earlier this week inspired me to do some more research on the subject. If you’re also intrigued by […]
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