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Sugar’s up big this morning. I can’t find any news justifying or even commenting on the reason for the move. I know funds had been moving some money over to the sugar market, as it is being more heavily weighted on a few commodity indexes. Regardless, sugar has some room to run. It neared the […]
Finally – some life coming out of sugar! It hit a one-year high this morning. The cause? Strong biofuel demand, and speculators (readers?) as well. Is this sugar’s run, part 2? Maybe, we’ll see how far it goes. I’m convinced it has at least one more run up to 20 cents and higher in it. […]
Over at Agora, commodities guru Kevin Kerr listed his hot commodities for ’08. In short, he likes the soft commodities – especially cocoa, coffee, and sugar. Both coffee and sugar have been pushing higher over the past couple of weeks. I picked up another sugar contract this morning in an attempt to pyramid this rise. […]
Shed about 3K this week, mostly because of coffee. Damn rain in Brazil is killing me. Anyway a few new entries and old friends revisited: * The gold contracts were added when Bernanke dropped his pants. Gold broke the important $800 mark and is showing no signs of slowing down. Still a decent entry point […]
Sugar is up big today – speculation is that a large fund has stepped in and purchased a large amount of contracts. This buying comes on the heels of our sugar discussion – perhaps a reader of this blog pulled the trigger?
I couldn’t help it – I really think it’s waiting to explode…———————————– T R A D E S C O N F I R M A T I O N S ————————————THE FOLLOWING TRADES HAVE BEEN MADE THIS DAY FOR YOUR ACCOUNT AND RISK.TRADE MARKET BUY SELL CONTRACT DESCRIPTION TRADE PRICE CC DEBIT/CREDIT———————————————————————————————————————01-AUG-07 NYBOT 1 […]
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