If you’re a precious metals fan, GoldMoney’s James Turk is probably a must read for you.
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If you’re a precious metals fan, GoldMoney’s James Turk is probably a must read for you.
Full article Summary: UN says world food production must increase by 60% over next 20 years to meet demand Grain and meat production is extremely water intensive – many areas in the world do not have the excess water to ramp up grains and meats Brazil will be the key – it has 23% of […]
Full story Summary: Kerr believes a sharp correction could arrive at anytime Corn prices are likely to remain high as long as the US gov’t continues to subsidize ethanol Longer term, the bull market in ag commodities should continue for some time
Was out of town this weekend, so I’m late in posting the positions. Not sure even what to say at this point – it’s a pure runaway market. Just hang on and enjoy the ride! Open Positions Date Position Qty Month/Yr Contract Strike Call/Put Entry Price Last Price Profit/Loss 02/14/08 Long 1 MAY 08 Cocoa […]
Well…duh. Full story Summary: US retail prices in 2007 rose about 4% – highest gain in 17 years Similar gains expected for 2008 Reduced production of meat and poultry expected in 2009 (our next investment theme, maybe?)
Legendary oil investor T. Boone Pickens told CNBC this morning that he is short oil and natural gas. He believes that oil will have a short term pullback. I was surprised by this – Pickens has been (correctly) calling higher oil prices for quite some time. I’m glad I’m not long oil or nat gas […]
Full article Summary: The current commodity cycle is unique because energy and food have “converged” in price – they are now interchangeable due to biofuels Without government subsidies, sugar cane would be the only economically viable biofuel (@ $35/barrel equivalent) Land devoted to biofuels projected to continue its climb
Open Positions Date Position Qty Month/Yr Contract Strike Call/Put Entry Price Last Price Profit/Loss 02/14/08 Long 1 MAY 08 Cocoa 2535 2519 ($160.00) 02/14/08 Long 2 MAY 08 Cotton 71.26 70.18 ($1,080.00) 02/14/08 Long 1 MAY 08 Coffee ‘C’ 154.25 152.20 ($768.75) 02/14/08 Long 1 MAY 08 Coffee ‘C’ 155.10 152.20 ($1,087.50) 02/14/08 Long 2 […]
Short 2 minute clip of Jim Rogers on Yahoo Finance. In short, he’s: Wary of precious metals right now (may consolidate if US drops into recession) Buying agriculture “as he speaks”
By JULIE JARGON February 15, 2008; Page A1 ALBION, Neb. — The U.S. economy may be teetering on the brink of recession. But there’s a bountiful harvest down on the farm. Grain prices are surging to historic levels. Spring wheat, a variety often used in bread, hit a record $18.53 per bushel yesterday. Corn is […]
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