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Another tough one – got to put it in the past, though. Facts are, this system works great when futures are going up, and not so great when they are going sideways/down. And lately, I just haven’t been in the particular futures that are going up (oil looked nuts at $110 – who would have […]
The DailyWealth team has been all over this story – record corn prices, which will soon produce record hog prices. Agree with the hypothesis 100%, but not sure if I completely agree with the way to play it. My plan is to keep an eye on those mid ’09 contracts…wish I had kept an eye […]
Well not a great week – disappointed in cotton especially, and coffee to end the week. A few thoughts on the positions: Cotton FuturesCotton broke sharply to the downside, as I managed to pin the tail on the local top. However I believe the downside here is limited, so I’m planning to hang on for […]
According to a recent NY Times article, at least 29 nations have recently curbed food exports. Take a wild guess what happens when nations curb exports of something – I’ll give you a hint, it’s not bearish for prices. Also this quote struck me in the article:“The main cause of rising rice prices is the […]
Farmers continue to shift acreage to corn and soybeans. One industry executive estimates cotton would need to top $1/pound for it to be cost competitive with corn and soybeans. So we can do the math – either cotton is going higher, or corn and soybeans are heading lower, but something has to give.
Recent comments from our hero, the Sage of Commodities. Notes: Avoid the dollar Best investments for ’08: commodities and natural resources Don’t give up on Chinese shares yet
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, […]
Nice article here by Kevin Kerr on the basics of the meat markets and trading meat futures. Everything sure is setup for higher meat prices. I think this is a temporary breather this week, as the live cattle charts were going parabolic for the last couple of weeks. I have not checked my account since […]
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 […]
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