So this is a new feature of my blog where people can check in and see what I am actually trading for my own account. One of the most common questions I get all the time is “what are you trading?” Not exactly what’s in my newsletters, or what I will eventually be trading in my managed funds (if the regulators stop delaying things) No this is where I discuss what I am trading or thinking of trading personally. I am talking about it in the first person and at no time is anything I say meant to be a recommendation for anyone.

Well the inflation numbers out of Europe seem to be tame too and it looks like the dollar may have more of a leg to stand on which tells me gold may actually pull back to $850 or my target which is now $830, no reason to jump in just yet, in time. I bought some November soybeans last night, which I have been trading in and out of all week, with good profits. It’s a bit weaker this morning but oil is strong again, looks like it will be a choppy day. Sugar and OJ are weak. OJ saw the funds come in and crush it, figures.

There is a lot of weather and problems to get through before my January options expire, I can’t say I am all that worried yet. Sugar has too much negative fundamentals working against it right now, needs more time but I am not ready to pull the plug on it yet. Patience. Soybean oil looks good to me and I am going to price some options in that market. I am looking for a bit of a pop in the greenback today though which could weigh on a lot of the commodities. Check back tomorrow!

What’s more stressful trading or being on TV…. Depends on who you are I guess. I like this O’reilly rap that’s making the rounds on You Tube lately. I apologize for Bill’s use of profanity,tough day at the office I guess we all have them.

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This entry was posted on Thursday, May 15th, 2008 at 7:45 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.