Your performance may vary.īuy the March 2008 Soybeans (SH8) at the marketīuy the March 2008 Cotton (CTH8) at the marketīuy the January Natural Gas (NGF8) at the marketīuy the December 2008 Silver (SIZ8) 19.00 calls while at the same time Selling an equal number of the December 2008 Silver (SIZ8) 20.00 calls, paying a premium of 16 or better for the spread ($800), GTC Entry and exit prices are established when price objectives are filled. FIRST I want to sell all of my Chesapeake Energy (CHK) at the market, SECOND I want to sell all of my Archer Daniels Midland (ADM) at the market, and THIRD I want to sell all of my Yamana Gold (AUY) at the market."Įquities and equity options Equities and equity optionsĬurrent prices are closing prices for Tuesday. Our portfolio has some very nice profits and let's grab some on three of our stocks today. Next week we will look at possibly adding some new trades too. In the meantime, let's grab some more profits at these levels - this time in our equity portfolio. We are simply catching up it's sad but true.Īnyway, to cheer ourselves up let's grab some more profits. to most European cities and you will see that they are already paying a lot more then that and have been for along time. It sounds grim I know but compare the U.S. I estimate that we will see closer to $150 this summer and $4 and $5 gasoline as the baseline. It's all come together to give us $100-plus crude. The equation is simple: A world with a huge growing demand and a supply chain that simply cannot deliver the goods. The day of reckoning is here as those of us who are called peak oil people have been saying for years. Hold all of our other commodity positions.īy the way, silver spread has finally moved back into the black and if energies keep up at this rate our second half of the natural gas position will be profitable shortly too. The dollar likely has much further to go but for now we will simply stand aside and enjoy our profits from the move. It's always a good idea to keep the portfolio lean and mean and by grabbing half profits we secure a steady stream of equity. We also grabbed half profits on our cotton and soybeans and we will likely make even more on the second half as grains appear to have a lot of strength. Now we covered our short dollar position for a very nice gain so no regrets there, because the Federal Reserve might have decided not to cut and we would have a very different scenario.Īnyway, congratulations on covering your short dollar index profits, that position is now closed. The dollar has been making new lows ever since the cut. He went on and on about how a 50 bps rate cut would actually be positive for the dollar, I had to change the channel. I won't say which famous TV commentator I was watching the night before the latest Fed announcement because what he said was pure nonsense.
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