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Over the weekend, Warren Buffet commented if he “landed from Mars today with a billion of Mars dollars, or whatever they call them on Mars, and I was thinking about where to put my money,” he wouldn’t put it all in the U.S. currency. Full article on Bloomberg
Better to be lucky than good – my accidental rice short on my exit ended up being a very nice trade. Looking back I covered too early, but oh well…lucky entry anyway, I was scared of being too greedy. Not much doing now – commodities are pretty much experiencing a correction across the board. Yen […]
Naturally, you’d expect a guy who runs a site called GoldMoney to be bullish on the yellow relic. But James Turk is a sharp guy and his latest commentary is worth reading. Bottom line is that the bull market in gold cannot be over, because nothing has changed fundamentally.
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 […]
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 […]
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