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:
- Sugar
- Coffee
- Natural Gas
- Silver
Open positions
| 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 |
| 11/26/08 | Long | 1 | MAR 09 | Cotton | 46.42 | 48.00 | $790.00 |
| Net Profit/Loss On Open Positions | $10,158.75 | ||||||
Account Balances
| Current Cash Balance | $39,577.74 |
| Open Trade Equity | $10,158.75 |
| Total Equity | $49,736.49 |
| 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.
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