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July 14, 2008
If you want to respond to anything here, I will be unavailable
until 12:30 Tuesday (tomorrow) afternoon. While I am out, my
phones will be forwarded thru to Tom, Rick and Willie at
Benchmark Financial. Even though they can handle anything you
need regarding your account, I would prefer not to saddle them
with explaining how I would go about establishing these
positions...so if you are truly interested, give me a call in
the afternoon.
Sell Corn, Soybeans and Cattle
I know everybody is wondering where stocks will stop falling but
my own immediate interest is in trying to get people short the
agricultural markets.
I believe virtually all the ags are hyper-inflated
and do not remotely reflect current economic realities...that
specifically, Corn, Soybean and Cattle have all been bid to the
moon and are now floating on a lot of hot, much overdone,
speculative air. In fact, I think these markets are
not that different from the housing or stock markets 9-12 months
ago...all three will suffer the same nasty fate as has been the
case in real estate and equities.
I believe, therefore, this is an excellent time and price to
initiate short positions in all of them...while they are still
"up" and, in the case of corn and beans, now heading towards
harvest, that time of the year when supply is traditionally at
its greatest.
I may be dead, dead wrong but I see these markets as possibly
the best opportunity to short a commodity as you'll ever
find...I mean, if you look at the historical swings
on the long term charts below, you cannot help but notice how
ALL of the bull moves seemingly collapse at some point.
All of this stuff is really just math (the risk vs. reward in US
Dollars), and for my money, taking a shot at being short from
these absurdly high levels absolutely makes as much sense as
anything ever does in this business.
If this is a risk you want to take, I'd get moving on
it now. It's is fairly amazing (but almost the
norm) how quickly commodity bull markets can go down once
they've finished going up...and with the levels we are at,
there's no telling how fast, big or bloody these markets could
get once they start hitting it on the downside.
Call me if you want to know more...Thanks. (and again, I will be
unavailable until 12:30 Tuesday afternoon)
Bill
866-578-1001
770-425-7241
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