2011-05-16th (Mon)

At the end of the previous trading session I had the following positions;
Long 110 contracts Copper July 2011 with ACB of 410.73

I took last Friday off to attend a Church Conference and came back refreshed and fully recharged.

The media is full of news and speculation on how the commodities boom is over.  Catchy article titles like;

Would Glencore IPO herald end of commodity boom?
http://in.reuters.com/article/2011/03/07/idINIndia-55384120110307

Billionaire Soros Dumped Most Of Gold Stake In Q1
http://woodlawnpost.com/?p=16835

China May Limit Rate Increases After Raising Reserve Ratio
http://www.businessweek.com/news/2011-05-13/china-may-limit-rate-increases-after-raising-reserve-ratio.html

Raising Reserve Requirements to Slow Inflation: China Shows How It's Done
http://seekingalpha.com/article/263925-raising-reserve-requirements-to-slow-inflation-china-shows-how-it-s-done

I am more concerned about how to create my own economy and thinking of trading ideas to take advantage of this opportunity.  For there are signs the people are beginning to fear, therefore I am getting more and more greedy by Longing more and more Copper futures contracts.

Currently I have the following positions;
Long 110 contracts Copper July 2011 with ACB of 410.73

Copper July 2011 is currently 397.70 (2011-05-16, 19:57 pm EST)

Our first line of credit activated on 2011-05-05th (Thurs) is allowing us to hold on and I am considering buying more contracts.

Total equity is 85% of May 1st.

Stay Tuned,

Jeff
(2011-05-16, 19:59 pm EST)