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A nice little week – good to be back in the win column. Things cooled off later in the week for me, mostly as wheat plummeted in late trading hours Friday morning. However cattle ended the week very strong, which was great to see. My new policy of watching the charts, rather than my account, […]
Thoughts on the commodity futures markets as we put a wrap up on the week: Oil topping 140 as I write – this market continues to defy gravity. Too scary for me to try and play either side of this market. The Fed’s decision to stay put (a real shocker) really put a kick start […]
Video Link My notes: He is VERY concerned with the current levels of inflation. This is striking, as you rarely hear Warren Buffett mention inflation. If he were in Bernanke’s shoes, he would “offer his own resignation”. Still believes the dollar will weaken further over time – mentioned lack of Congressional discipline. Oil price is […]
Hallelujah for our forward looking government leaders, now on the lookout to protect us innocent civilians from those evil speculators who lurk in the night. What fools we were for believing that supply and demand, government mandates for corn based ethanol, and a national policy to turn the US dollar into toilet paper have been […]
Thanks to our boy S’Wheat Times for digging this one out:Full article on Yahoo
Sticking with the rules here, I’m now into cotton and sugar on their respective breakouts. Still like the live cattle and added some longer dated contracts this week. Will probably not add to this position, as it’s heavy enough. Got scared out of corn early – I ended up selling at the break even mark. […]
I find it’s always good to check your assumptions periodically. It’s even better to check them again. And better yet to recheck them one more time. I have a long term belief that the commodity bull still has years to run. And it’s refreshing to step back, look at the big picture (especially on down […]
Full video Quick notes: Short investment banks – all investment banks go to “8” in a bear market Short Fannie Mae and Citibank Still likes Japanese Yen, Swiss Franc, Chinese Renminbi Recently bought airlines hand over foot (I find this very interesting) – says bankruptcies are a sign of a bottom rather than a top […]
I don’t see too many free columns from good old Jurgens anymore, but they’re always worth a read. Comments on coffee, cocoa, sugar, and cotton. I love reading takes from these old-time commodity traders, as they provide good, rational perspectives. Plus always amusing to see how baffled they are at the circus these markets have […]
Open Positions Date Position Qty Month/Yr Contract Strike Call/Put Entry Price Last Price Profit/Loss 06/12/08 Long 1 SEP 08 Corn 734 1/4 768 1/2 $1,712.50 05/08/08 Long 1 OCT 08 Live Cattle 105.350 109.950 $1,840.00 05/09/08 Long 1 OCT 08 Live Cattle 106.700 109.950 $1,300.00 06/11/08 Long 1 SEP 08 Wheat 867 3/4 907 1/2 […]
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