Futures Trades: Long Yen, Reduce Bond short, buy September Nat Gas

June 26th Simple Trades:

1. Added to my long Yen short US Dollar position.  This position is still small but after the next fed meeting the usual rumors that this was the last interest rate increase by the Fed will send the dollar into another tailspin.

2. Reduced my US bond short slightly in the ten year.  I'm leaving on the long bond (thirty year) short position.

3. I bought NYMEX natural gas futures for the September (paid $6.42) and August (paid $6.25) delivery. It's only the weather that is keeping gas prices down.  One hot week in July or August everyone will wake up and realize that all that extra electricity capacity is generated in natural gas turbines, and the price of the stuff will go up.  A big hurricane scare will rally prices too.  I'm hoping for the non-violent event.

Disclosure: Nothing in this blog is meant to be a recommendation to buy or sell.  I do not give investment advice.  Do your own research.  Do not rely on anything in this weblog to make investment decisions.  I do not log all my trades here. I only those that I think might be interesting. Consult your own investment professional before buying or selling any security. 

I own all the positions described above.