Top posts from the past week:
- Are Any Grains Worth Buying At These Prices?
- US Government Continues to Print Money at Breathtaking Pace
- Food Supply Problem More Acute Than Ever
- Jim Rogers: Dollar Will Be Devalued; Buy Commodities
- Casey Research: Get Ready for the Commodity Comeback
A review of my futures trades from the previous week:
- Went long cotton. Cotton futures are the most attractive investment opportunity I see today. They are actually trading below the prices they were at when the entire bull market in commodities began.
Other existing positions I’ve got:
- Short the British Pound – Last time I shorted the British Pound, it turned out to be a quite profitable trade. I plan to hold this position until the GBP hits a 15-day high against the US dollar.
My wish list…and it looks like these commodities are at least starting to form a bottom, at last:
- Natural Gas
|Date||Position||Qty||Month/Yr||Contract||Entry Price||Last Price||Profit/Loss|
|10/10/08||Short||1||DEC 08||British Pound||1.6870||1.5371||$9,368.75|
|Net Profit/Loss On Open Positions||$10,158.75|
|Current Cash Balance||$39,577.74|
|Open Trade Equity||$10,158.75|
|Long Option Value||$0.00|
|Short Option Value||$0.00|
|Net Liquidating Value||$49,736.49|
Cashed out: $20,000.00
Total value: $69,736.49
Weekly return: -4.1%
YTD return: -9.4%
***”Cash out” mostly means taxes, but lately I’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.