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In his recent article in Harper’s Magazine, Kevin Phillips takes a good hard look at government economic numbers (a la John Williams) and concludes that – surprise, surprise – the numbers are skewed to serve political goals. This is not news to many readers, but this piece is still worth a review, as Kevin paints […]
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. […]
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 […]
Ah the joys of trading agriculture 🙂 Dow Jones – CBOT corn futures are firmly planted in negative territory, as the market extracts weather premium from prices, analysts say.
And a very happy 420 day to all our friends out there who enjoy puffing the reefer from time to time. Any threat of “Peak Pot” on the horizon, or has it been spared from the biofuels fiasco? Open Positions Date Position Qty Month/Yr Contract Strike Call/Put Entry Price Last Price Profit/Loss 04/15/08 Long 2 […]
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