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My bad (thumping my chest with my palm). Tough week. Good thing I made those “crash proof” trades Monday night – I think I managed to sell at the absolute bottom. Ah well, that’s usually the way it works. I thought about adding a YTD calculation to improve my mood – but I’ll hold the […]
Even though the bull market and supply/demand story is still firmly in place for commodities, expect rocky trading going forward. Many hedge funds have been piling into these trades, driving the prices higher than normal, creating a “price premium”. So, when funds have to bail out of everything due to margin calls (a la earlier […]
Nice article in Moneyweek with quotes from our hero, Jimmy Rogers.
Like everyone else – I’m worried the US markets are going to crash, or at least severely tank, tomorrow. Grains have been down big already this week, and the US markets have not even opened. So instead of waiting around to be slaughtered like a lamb…I’m trying to play a little offense. Here’s an overview […]
Date Position Qty Month/Yr Contract Strike Call/Put Entry Price Last Price Profit/Loss 01/10/08 Long 1 MAR 08 Australian Dlr 0.8889 0.8733 ($1,560.00) 12/07/07 Long 1 MAR 08 Corn 415 498 1/2 $4,175.00 12/14/07 Long 1 MAR 08 Corn 439 498 1/2 $2,975.00 01/03/08 Long 1 MAR 08 Corn 468 498 1/2 $1,525.00 01/14/08 Long 1 […]
Hmmmm – as a contrarian investor, stories like this make me nervous. On the bright side, maybe some readers can apply.
Scary moment this morning as I was down over 10% overnight – never a good thing. Showed me I was using too much leverage. I sold a few contracts to bring the ratio down further (1 Platinum and 1 Rough Rice – both were showing weakness). I wasn’t thrilled about having to sell before the […]
I have a lot of new readers lately, and people have been asking me how exactly to get started investing in commodities. Most people have standard brokerage accounts for trading stocks, and most do not have an account that allows them to trade futures. Very few of the major stock trading services offer futures trading. […]
Date Position Qty Month/Yr Contract Strike Call/Put Entry Price Last Price Profit/Loss 01/10/08 Long 1 MAR 08 Australian Dlr 0.8889 0.8863 ($260.00) 12/07/07 Long 1 MAR 08 Corn 415 495 $4,000.00 12/14/07 Long 1 MAR 08 Corn 439 495 $2,800.00 01/03/08 Long 1 MAR 08 Corn 468 495 $1,350.00 12/20/07 Long 1 MAR 08 Cotton […]
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