Weekly Futures Positions Review - November 23, 2008

Top posts from the past week:

• Japan Calls for Treasury Bonds Denominated in Yen
• Jim Rogers: Bonds will be a terrible investment for next 10, 20 years
• Three News Highlights for Gold Investors

A review of my futures trades from the previous week:

• No trades last week! The semi-vacation from the markets continues. And why not - these markets are too tough to trade, at least for a hack like me.

Other existing positions I've got:

• Short the British Pound - Last time I shorted the British Pound, it turned out to be a quite profitable trade. I plan to hold this position until the GBP hits a 15-day high against the US dollar.

My wish list (waiting for an uptrend...and we could be waiting for awhile):

• Sugar
• Cotton
• Coffee
  
• Natural Gas
  
• Silver

Open positions

Date	Position	Qty	Month/Yr	Contract	Entry Price	Last Price	Profit/Loss
10/10/08	Short	1	DEC 08	British Pound	1.6870	1.4909	$12,256.25
Net Profit/Loss On Open Positions							$12,256.25

Account Balances

Current Cash Balance	$39,595.05
Open Trade Equity	$12,256.25
Total Equity	$51,851.30
Long Option Value	$0.00
Short Option Value	$0.00
Net Liquidating Value	$51,851.30

Cashed out: $20,000.00
Total value: $71,851.30
Weekly return: -2.1%
YTD return: -6.5%

***"Cash out" mostly means taxes, but lately I've also been using it for living expenses, and also to finance a bitchin' time management software startup that is starting to lift off.