The beginning of the BLOG's second week!

There is a lot to cover today. I would ask all of you to post comments or to email me if you
1) need clarifation on something, or
2) need more information

New signals for today:
1) Buy Cotton (ETF:BAL future:CTH10) Historical record: 40/52= 77%
2) Buy the British Pound (ETF:FXB future:BPH10) Historical record: 76/97= 78%

Comments: Cotton has been recommended for a long time by my hero of the investment world, Jimmy Rogers. Why? The Global Economy is expanding every day. China and India are growing by leaps and bounds, and it just makes sense that cotton would rise in price as more and more people buy clothing.

However, buying the British pound is rather scary to me. After all, Britain's economy has not been all that great. Buying the British Pound would be betting that the English might do better than we here in the US. In any event, the signal was generated by my programs, not by fundamental information. Note also that we are currently long both gold and silver. The British Pound is positively correlated to Gold and Silver, therefore, going long the Pound may present one with contagion risk.

Existing Positions for Computer Generated Signals:

Gold: ETF(IAU) Entry price: 113.38 Close: 112.99 Stop: 112.39
Silver: ETF(SLV) Entry price: 18.14 Close: 18.15 Stop: 17.76

Gold: GCG10 Entry Price: 1139.00 Close: 1149.90 Stop: 1143.80
Silver: SIH10 Entry Price: 18.565 Close: 18.55 Stop: 18.16


Good luck to all!

Any views expressed herein are provided for information purposes only and should not be construed in any way as an offer, an endorsement, or inducement to invest.