I hope you’re enjoying Memorial Day weekend. I just rolled back into town a few hours ago from a short weekend trip to Las Vegas. My wife and I stayed at Imperial Palace the first night, and Trump International the second – talk about going from the outhouse to the penthouse! The new Trump hotel is fantastic, and a tip if you’re heading their soon – check out the rates on Hotels.com, because I don’t think everyone knows it’s open yet. We landed our room for $199 using Hotels.com a few days beforehand – same price we paid to stay at the Imperial Dump the night before!
Nice to see some of the commodity markets acting “right” again. The meats are looking good, save for Pork Bellies, and silver looks poised for a rocket launch. I’ve got my stop for Pork Bellies waiting around 75…I may have been too soon with this contract, as there may not yet be a supply problem in August. I’m happy about the January ’09 Feeder contracts, and will be looking to aggressively add on more strength.
|Current Cash Balance||$104,119.07|
|Open Trade Equity||$1,260.00|
|Long Option Value||$0.00|
|Short Option Value||$0.00|
|Net Liquidating Value||$105,379.07|
Cashed out: $15,000.00
Total value: $120,379.07
Weekly return: 2.8%
YTD return: 54.9%
***BTW, I usually “cash out” money just to pay for taxes, rent, and cheap beer. So total value is all pre-tax. I had to take out some more cash to pay my Q2 estimated tax payments this week.