LEE GAUS WEEKLY COMMENTS
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.Buy Sept Euro Currency/Sell Sept B. Pound @ -5600
Sell Sept. Swiss Franc
Buy Sept. Canadian Dollar @ 8120
Sell Sept. Aussie @ 7475
Buy Dec Crude @ 6000
Buy Dec Heating Oil @ 177.20
Buy Dec Unleaded @ 155.00
Buy Dec Natural Gas @ 8450
Buy Nov Beans @ 665
Buy Dec Wheat @ 338
Buy Dec Corn @ 237
Sell Aug Cattle @ 8040
Buy Aug Hogs @ 6000
Sell Sept Bonds @ 117.07
Sell Dec Cocoa @ 1460
Buy Dec Cotton @ 5450
Buy Oct Sugar @ 935
Sell Dec Coffee @ 114.00
posted by Lee Gaus @ 5:54 PM
5 Comments:
Buy Aug Hogs @ 6000?
I think it should be Oct. Hogs. buy stops @ 6000 instead of Aug.
No, August is the correct.
I wonder about BUYING all those energies as I understand the damage from Hurrican Dennis was not as bad as expected.
Also what do you hear about
rain ( from Dennis) into Illinois to help
the grain crops so should
we not sell them ?
Or are you being contrary
Energy market is in a long term uptrend and until basic demand deminishes it is my opinion major breaks in energies should be bought. Trying to pick a top to this market can be hazardous to ones economical health.
Rain chances for Illinois have improved since Dennis hit land, but nothing to indicate a general rain. How the rain assembles itself will play a large role in the markets over the next day or so.
We are getting reports that the corn has been hurt and beans need a rain.
I asked that Auguest Hogs question. I think August 60.00 is a looong way to go from here, and I really doubt we will ever reach that level because of the record high spec short positions. But I agree, August 60 should be bought if the price crashes to that level quickly.
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