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Full video Quick notes: Short investment banks – all investment banks go to “8” in a bear market Short Fannie Mae and Citibank Still likes Japanese Yen, Swiss Franc, Chinese Renminbi Recently bought airlines hand over foot (I find this very interesting) – says bankruptcies are a sign of a bottom rather than a top […]
Open Positions Date Position Qty Month/Yr Contract Strike Call/Put Entry Price Last Price Profit/Loss 06/12/08 Long 1 SEP 08 Corn 734 1/4 768 1/2 $1,712.50 05/08/08 Long 1 OCT 08 Live Cattle 105.350 109.950 $1,840.00 05/09/08 Long 1 OCT 08 Live Cattle 106.700 109.950 $1,300.00 06/11/08 Long 1 SEP 08 Wheat 867 3/4 907 1/2 […]
The dollar rally continues into the weekend, with two main drivers to thank: The belief that the Fed will raise rates later this year to combat inflation. The belief that the US economy will turn up soon, and the world will again look to the US as a place to invest. I don’t think either […]
Looks like this corn crop is toast, and the other grains could be in trouble too. High input costs (diesel, fertilizer, etc) are really hammering farmers and their motivation to replant crops this late in the year. I ponied up for a wheat and a corn contract last night. A little bummed I got into […]
4 videos from his blog – good TV. The guy is right on the ground following the grains, gotta love that. I also love the pained look on his face when he talks about these shortages, when you know the guy is trading these markets and making millions. Priceless.
Looks like the specs are piling into the near-term sugar contracts, based on forecasts that India will be a net importer of sugar. Their farmers are forgoing sugar in favor of higher priced crops. Well gee, it’s about damn time! Not quite to a breakout yet – we’ll see if this gap up holds.
Nice simple breakdown of 3 of our favorite softs – coffee, cocoa, and sugar – by the folks at Money Morning. I did not realize the coffee harvest is looking so good – suppose that’s why coffee cannot break out of it’s range. Same with cocoa – I have been avoiding due to the sharp […]
Have to admit – I’m a bit frustrated with the weakness in the meats, especially in the face of this grains rally. Doesn’t seem to make much sense, and I can’t see a scenario where meat prices are not higher in 6-12 months. This livestock report helped calm me down – it looks like farmers […]
Alright back in the saddle here. Was attending my 5-year college reunion past 4 days – man did I miss some crazy action on Thu/Fri. Back this week and we’ll try to figure out where these crazy markets are heading! Open Positions Date Position Qty Month/Yr Contract Strike Call/Put Entry Price Last Price Profit/Loss 05/21/08 […]
Chuck Butler gives a fantastic rant on Bernanke’s recent tough talk in his morning column. Not much too add to Chuck’s commentary – nicely done Chuck! From a trading perspective – I’m trying to pare back all position sizes, and I still can’t seem to do it fast enough. Meats have taken a turn down […]
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