My Current Commodity Futures Positions – 9/28/08

My Current Commodity Futures Positions – 9/28/08

Top posts from the past week:

A review of my trades from the week that was:

  • Went long the Swiss Franc – The Swissie is the Yen’s carry trade cousin – they usually rise and fall in unison. The Swiss Franc is one of the world’s sounder currencies, and I expect the carry trade will continue to unwind.
  • Also shorted 10-Year Treasuries – As discussed earlier in the week, I am quite bearish on long-dated US Treasuries. I think interest rates have to rise, and rise significantly, as I can’t imagine the world will continue to lend the US government money at these bargain basement rates.

Other existing positions I’ve got:

  • Long the Japanese Yen – Not much action this week in the Yen.
  • Short Soybeans – Nothing too exciting here, the trend still appears to be down. If the harvest is good, there will be a glut of soybeans on the market.

My wish list (waiting for an uptrend):

  • Sugar
  • Cotton
  • Coffee
  • Natural Gas
  • Silver

Open Positions

Date Position Qty Month/Yr Contract Entry Price Last Price Profit/Loss
09/04/08 Long 1 DEC 08 Japanese Yen 0.9340 0.9503 $2,037.50
09/22/08 Long 1 DEC 08 Swiss Franc 0.931700 0.9212 ($1,312.50)
09/24/08 Short 1 MAR 09 T-Note (10yr) 113-245 113-225 $62.50
09/17/08 Long 1 DEC 08 Mini Gold 864.6 892.2 $916.32
09/09/08 Short 1 NOV 08 Mini Soybeans 1168 1/4 1167 $12.50
Net Profit/Loss On Open Positions: $1,716.32

Account Balances
Current Cash Balance $54,458.17
Open Trade Equity $1,716.32
Total Equity $56,174.49
Long Option Value $0.00
Short Option Value $0.00
Net Liquidating Value $56,174.49

Cashed out: $20,000.00
Total value: $76,174.49

Weekly return: 0.2%
YTD return: -0.4%

***”Cash out” mostly means taxes, but lately I’ve also been using it to pay down my credit cards a bit. Why credit card debt? I’m financing a startup and trying to outpace my CC interest rate in the futures markets – kids, don’t try this at home.