Commodities & Futures

Here’s an update on the trades we’ve been looking at since the letter I sent you two weeks ago. Below is a copy of the letter with updated charts to show how the trades progressed. My new comments are in italics. Hope you find this interesting...

January 15, 2007
What goes up must come down, and the U.S. economy is certainly poised to see a slow-down this coming year. While many of the commodity markets have seen record prices thanks to a lack of supply and an increase of demand (such as grains), a slow-down...

October 16, 2007
The crude oil market has still been on a tear, and from what we see it is largely fueled by the hedge funds. Chances of a hurricane hitting the Gulf area remains slim, and we are past the peak driving season and pre-cold weather, so without a catalyst...

October 2, 2007
We got a bigger than expected head-fake in the crude oil market last week, and that kept us out buying the Nov. 75 puts we talked about on Sept. 25. At the risk of sounding like a broken record, we're going to wait for the energy inventory reports on...