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A review of trades from the week that was: Covered my Soybean Short – beans rallied, along with the rest of the grains. Closed this out at a loss. And a good thing too – the grains markets continue to rally strong, even into the Asian session this evening. I can’t make heads or tails […]
Ahhhhhhhhhhhhhhhhhhhhh, relief at last – that’s me, pissing away the last of my 2008 gains. Glad we got that out of the way. Tuesday I was feeling really smart, and bought a mini-silver contract at the bargain price of $15. Unfortunately nobody told me that the bargains were going to get even better! I sold […]
Took some more cash out this week to pay a credit card, and also pump some more cash into our startup. Well, my hopes/dreams for ’08 being a banner year I think are officially in the tank. Earlier in the year, I was hoping I could keep running up the account, and essentially use it […]
Will post some thoughts later in the week on the positions… Open Positions Date Position Qty Month/Yr Contract Entry Price Last Price Profit/Loss 07/23/08 Long 1 SEP 08 Australian Dlr 0.9567 0.9280 ($2,870.00) 06/17/08 Long 1 DEC 08 Cotton 82.20 70.72 ($5,740.00) 07/30/08 Long 1 FEB 09 Live Cattle 108.850 110.225 $550.00 08/01/08 Long 1 […]
Rick Rule, if you’re not familiar with him, is a legendary metals and mining investor. In this interview with Gold Report, he gives his thoughts on the disconnect between metal equities and the metals themselves, along with his outlook for the US dollar and metals. A quick teaser/summary: Believes the disparity between gold stocks and […]
Here’s our buddy Jim being interviewed by the UK newspaper the Telegraph – good old Jim is cheery as always, and predicts the US central bank will fold within the next decade or two, because it is “so bad”.
Current thoughts on these futures markets: Australian dollar – Of course, what would a currency trade be without a trip to the wrong side of the ledger? I’ve decided I am no longer using breakouts to determine my entry points with currencies, and have jumped into the Aussie on what I deemed a ‘pullback’. Since, […]
Bud Conrad is the Chief Economist at Casey Research, an offbeat, very insightful, investment research service that I subscribe to. Folks from Casey Research are rarely quoted in the mainstream press, as their level of thinking is a bit too deep for the dolts on regular financial news. Here’s a nice clip of Bud being […]
Up until this Fannie/Freddie bailout fiasco, I was still a bit on the fence about gold and the dollar – thought that gold should continue to go up, dollar should continue to go down – but hated essentially selling the US short. And I kept rechecking my assumptions, trying to think of ways the US […]
Tom Dyson writes in DailyWealth that he believes corn prices are set to drop sharply – and reiterates his favorite plays are live cattle. After thinking about corn a bit, I also now believe that there is more risk on the downside. Potential catalysts for sending corn lower are the impending bust of corn-based ethanol, […]
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