As many of you know that follow my newsletters, buying commodities at extremes usually proposes a contrarian stance, and quite frankly, that’s the way I like it. When one decides to enter an investment of any nature, especially when 90 percent agree with your fundamental or technical analysis, BEWARE! Right now there is nothing bullish about […]

Warren Buffett is well known for describing the market as a “slot machine” in the short term but a “weighing machine” in the longer term. In the longer term, market fundamentals matter, but in the short term, according to Buffett, it is nothing short of a “crap shoot” — “Spin the wheel take your chance!” […]

My letters through the years have always expressed disgust when I hear traders refer to their weather related positions as: “Power weather positions” “The boat is loaded” “One for the ages” Those of you that initiate any position because of a weather event will always peril. This year’s volatility validates my contention. December corn broke […]