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From Agora’s 5 Minute Update“Wheat is up another 20 cents this morning… that’s a two-day record rally.” says our Maniac Trader Kevin Kerr. Wheat has been shooting up all year long, and is currently at an all-time high of $7.60 a bushel. Since the start of 2007, wheat’s up 51%, and according to Kevin, it […]
From Agora’s Daily Reckoning: Australia, one of the world’s strongest performing economies over the last decade, is in the throws of its worst drought in recorded history. Earlier this year, Prime Minister John Howard told a largely non-religious Australian population to, “hope and pray there is rain.” Down Under, drought is wreaking havoc on the […]
Scary moment last Thursday. Like many commodity investors, I was feeling good about the fact that commodities are not highly correlated with other asset classes. Or so I thought. My account had been holding up well throughout the credit crunch. Then all hell broke loose on Thursday. Many hedge funds had margin calls, and were […]
From Agora’s 5 Minute Update earlier this week: “The U.S. market is the only one where coal prices are not at multiyear highs,” Chris Mayer reminded us in his latest agorafinancial.com “quick take.” “U.S. coal companies are sucking wind right now,” writes Chris, queuing off of a recent WSJ story. “The only coal company to […]
Yesterday I started reading The New Market Wizards: Conversations with America’s Top Traders by Jack D. Schwager. I’m just over 200 pages in – a very good read so far. Something I’ve been thinking about is how I can continue to grow my account at a rapid pace while managing the risk of total obliteration. […]
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