Weekly Futures Positions Review - December 28, 2008

Top posts from the past week:

• Lean Hog Prices Poised to Climb in 2009
  
• Why eBay is the Best Indicator of Gold's Fair Value
  

Our coverage of Marc Faber's recent interview on CNBC from December 1st continues to see a lot of traffic.

A review of our trades and positions from the previous week:

• Continued to hold one cocoa futures contract - up slightly on the week. Looking to add to this position on higher high's.
  

• Continued to hold one mini-gold futures contract - a nice bounce on Friday for Gold also made this position a solid performer on the week. Looking to pyramid if/when gold makes a serious run at $1,000.
  

• Purchased one wheat futures contract. All of the grains look like they are now breaking out - the corn and soybean charts look very similar. I think the grains are seriously oversold, and the bullish fundamentals are quite intriguing at these price points. I prefer wheat and corn over soybeans personally from a fundamental perspective.

Our wish list...everything here looks beaten down...some starting to form a bottom it appears...

• Sugar
• Coffee
• Cotton
  
• Natural Gas
• Silver
• Crude Oil
• Corn

Open positions

Date	Position	Qty	Month/Yr	Contract	Entry Price	Last Price	Profit/Loss
12/15/08	Long	1	MAR 09	Cocoa	2586	2616	$300.00
12/24/08	Long	1	MAR 09	Wheat	579 1/4	599	$987.50
12/15/08	Long	1	FEB 09	Mini Gold	836.6	870.6	$1,128.80
Net Profit/Loss On Open Positions							$2,416.30

Account Balances

Current Cash Balance	$47,916.42
Open Trade Equity	$2,416.30
Total Equity	$50,332.72
Long Option Value	$0.00
Short Option Value	$0.00
Net Liquidating Value	$50,332.72

Cashed out: $20,000.00
Total value: $70,332.72
Weekly return: 4.9%
YTD return: -8.6%

***"Cash out" mostly means taxes, but lately we've also been using it for living expenses, and also to finance a cool new time management software startup that is starting to lift off - and was recently covered by the Sacramento Business Journal.