My Current Commodity Futures Positions - 8/31/08

A contemplation on my trades from the week that was:

• Shorted the British Pound (again) - Roll over, Sterling! The trend is my friend, the trend is my friend, the trend...bad economic data keeps on coming from the UK. This move was long overdue.
  

• Went long Coffee - I absolutely DON'T like the way coffee is acting since I took this long position, but I'm in for the long haul - hopefully.

Other existing positions I've got:

• Silver Futures - Same old story - I expect silver and gold to rally strong towards the end of the year.
  

My wish list (waiting for an uptrend):

• Sugar
• Cotton
  
• Swiss Franc
• Japanese Yen
• More silver
• More cowbell

Open Positions

Date	Position	Qty	Month/Yr	Contract	Entry Price	Last Price	Profit/Loss
08/29/08	Short	1	SEP 08	British Pound	1.8190	1.8213	($143.75)
08/12/08	Short	1	SEP 08	British Pound	1.9042	1.8213	$5,181.25
08/26/08	Long	1	DEC 08	Coffee 'C'	146.55	146.60	$18.75
08/21/08	Long	1	DEC 08	Mini Silver	1390.1	1369.0	($211.00)
Net Profit/Loss On Open Positions:							$4,845.25

Account Balances
Current Cash Balance	$52,962.94
Open Trade Equity	$4,845.25
Total Equity	$57,808.19
Long Option Value	$0.00
Short Option Value	$0.00
Net Liquidating Value	$57,808.19

Cashed out: $18,000.00
Total value: $74,518.00

Weekly return: 2.3%
YTD return: -1.0%

***"Cash out" mostly means taxes, but lately I've also been using it to pay down my credit cards a bit. Why credit card debt? I'm financing a startup and trying to outpace my CC interest rate in the futures markets - kids, don't try this at home.