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From Chris Gaffney at the Daily Pfennig: Both Chuck and I have had positions in Japanese Yen for some time now, so you will have to excuse us if we seem a little excited (relieved) that the yen is finally moving up. But as always, the move in yen won’t be a one way ride. […]
In today’s DailyWealth, Tom Dyson makes the case for much higher grain prices in the future. According to Tom, here are the inflation adjusted highs for the grains (hit in 1947): Soybeans: $37.86 Corn: $26.03 Wheat: $29.25 Considering that during a bull market, nearly everything hits a new all-time high – these could have some […]
Ouch 🙂 A tough week, no doubt about that. They don’t come much tougher. A couple of bright spots I’ll pull out: I’m out of all non-currency positions, albeit after a sharp hair cut I managed not to lose all the money I made the week before Selling is tough. Buying is much easier – […]
For those readers not quite ready to open a futures account, here’s a good alternative option for you. UBS announced today that they are launching a new index that will focus on food inflation. Needless to say, this index would have produced very nice returns over the past 5 years – and I think the […]
Now that the grains and softs have taken a breather – maybe temporary, maybe longer – I thought this would be a good time to talk about stops. Especially as I’m scrambling to set mine! This is basic stuff, but it took me almost three years of trading to figure out. Always use stops – […]
From Agora’s 5 Min Forecast: “The cotton market has been very depressed the last few years due to high carryover stocks and lower global demand. All that may be changing. Farmers in key cotton-growing states are rejecting the idea of continuing to grow cotton and are opting for more profitable crops that have lower input […]
What a crazy week! Not complaining at all, just trying to hang on and enjoy the ride! Have to be aware that a correction at this point could be sharp and nasty. But no reason to sell on this amount of strength – just fasten your seatbelts! Open Positions Date Position Qty Month/Yr Contract Strike […]
Was out of town this weekend, so I’m late in posting the positions. Not sure even what to say at this point – it’s a pure runaway market. Just hang on and enjoy the ride! 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 […]
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 […]
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 […]
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