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The downtrend in cotton continues, much to my chagrin. It closed limit down yesterday, and is down almost another $.02 as I write this. After reflecting on my previous guest post about determining a market’s trend, I decided it’s time to eat some of my own dog food. So, I have sold my position in […]
Chris Mayer writes in Agora Financial’s Rude Awakening that the global food supply problem is more acute than ever before, as a result of the current financial crisis. This is something we’ve been discussing here of late. Farmers cannot get basic loans for fertilizer. Forget about new capital investments. And this all happening with world […]
A special Blogging the Commodity Bull Market shout out to my good friend Lance, who works at a prominent New York investment bank. Lance (name altered to protect the innocent) is a regular reader of our blog, though he is strictly forbidden from commenting whatsoever due to his professional ties. Via a text message exchange […]
Now THAT’S the way you trade! Two solid weeks in a row – I’m feeling good about things, back in control, following trends like I should be. A review of my trades from the week that was: Closed out my Coffee long position – I closed this out on Thursday just north of the 143 […]
Will post some thoughts later in the week on the positions… Open Positions Date Position Qty Month/Yr Contract Entry Price Last Price Profit/Loss 07/23/08 Long 1 SEP 08 Australian Dlr 0.9567 0.9280 ($2,870.00) 06/17/08 Long 1 DEC 08 Cotton 82.20 70.72 ($5,740.00) 07/30/08 Long 1 FEB 09 Live Cattle 108.850 110.225 $550.00 08/01/08 Long 1 […]
Kevin Kerr discusses the current resource situation with BNN Likes gold and silver (has $1200 price target for gold, may hit this year he believes) Thinks oil will trade between $85 and $105 for a bit, before continuing its rise Current correction in base metals and grains is a good thing for traders looking to […]
Current thoughts on these futures markets: Australian dollar – Of course, what would a currency trade be without a trip to the wrong side of the ledger? I’ve decided I am no longer using breakouts to determine my entry points with currencies, and have jumped into the Aussie on what I deemed a ‘pullback’. Since, […]
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 […]
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 […]
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, […]
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