Top posts from the past week:
- Inflation or Deflation – Which Will Prevail?
- Fed Out of Ammo; Dollar is Toast
- Stratfor: Oil Prices Likely to Remain Low
Our coverage of Marc Faber’s recent interview on CNBC from December 1st continues to see a lot of traffic.
A review of our trades from the previous week:
- Bought a Swiss Franc position on Tuesday. Tried to pyramid with another position Wednesday night. Sold both on Friday – about even after it was all said and done. Check out this volatility:
- Bought an Australian Dollar position on Tuesday – sold it on Friday at a loss. Again, we unsuccessfully timed the breakout here.
- Bought a Mini-Gold position. Again, tried to buy the breakout.
- Bought a Cocoa position. Ditto.
Our wish list…everything here looks beaten down…silve
- Sugar
- Coffee
- Cotton
- Natural Gas
- Silver
- Crude Oil
- Wheat
- Corn
Open positions
| Date | Position | Qty | Month/Yr | Contract | Entry Price | Last Price | Profit/Loss |
|---|---|---|---|---|---|---|---|
| 12/15/08 | Long | 1 | MAR 09 | Cocoa | 2586 | 2587 | $10.00 |
| 12/15/08 | Long | 1 | FEB 09 | Mini Gold | 836.6 | 837.5 | $29.88 |
| Net Profit/Loss On Open Positions | $39.88 | ||||||
Account Balances
| Current Cash Balance | $47,927.72 |
| Open Trade Equity | $39.88 |
| Total Equity | $47,967.60 |
| Long Option Value | $0.00 |
| Short Option Value | $0.00 |
| Net Liquidating Value | $47,967.60 |
Cashed out: $20,000.00
Total value: $67,967.60
Weekly return: -3.6% –> Mostly due to the bad Aussie dollar trade
YTD return: -11.9%
***”Cash out” mostly means taxes, but lately we’ve also been using it for living expenses, and also to finance a cool new time management software startup that is starting to lift off – and was recently covered by the Sacramento Business Journal.
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