Was wondering what some of u were planning in terms of Quadriga contributions for the fall....I've been sitting out the summer but may start adding to my position this coming month.
Quadriga Superfund - Managed Futures
- Thread starter USAtrader
- Start date
From dailyfutures.com:
[It is too early to confirm yet, but it looks like Florida's orange crop was seriously damaged by Hurricane Charley over the weekend. Oranges for the upcoming season were said to be green and about the size of golf balls when the storm hit. January orange juice was up its 5-cent daily limit at 70.40.
Reuters news reported that insurance companies are expecting to pay out roughly $7 billion in losses due to Hurricane Charley.
With 58% of the vote, Hugo Chavez remains the President of Venezuela. His opponents say the election results were fraudulent and want an investigation. December crude oil closed down .28 at $44.76, as a Chavez victory is considered less apt to interrupt Venezuela's oil production in the near-term.
Iraq is said to be exporting roughly 900,000 barrels of oil per day while fighting continues against al-Sadr's militia.
The New York Federal Reserve's index of manufacturing fell from 35.6 to 12.6 in August, still expanding, but weaker than expected and the lowest reading in over a year. The December 10 year T-notes were down 8/32nds at 111.21/64ths.
Last week's U.S. export inspections for:
Corn were 32.7 million bushels, down 11% from the previous week.
Soybeans were 612,000 bushels, down 35% from the previous week.
Wheat were 15.3 million bushels, down 46% from the previous week.
December corn was up 4.75 cents at $2.33 with some concerns about crop quality in the northern half of the midwestern U.S.
January soybeans were down 11 cents at $5.75, pressured by favorable weather and slow export activity.
After the close, the USDA's good to excellent crop ratings for:
Corn were 73%, down 3 points from a week ago.
Soybeans were 69%, down 4 points from a week ago.
Spring wheat were 66%, down 1 point from a week ago.
Cotton were 73%, up 2 points from a week ago.
The USDA also said that 21% of the spring wheat crop was harvested, less than the usual 40% at this time.
December cotton finished up .02 at 44.32 as it looks like Hurricane Charley did little damage to the Carolinas' cotton crop.
Australia's beef exports to Japan were 25% in the past year to A$1.75 billion, taking advantage of the U.S. and Canada's absence. December cattle were up .10 at 90.92.
October sugar was down .25 at 7.62 despite concerns about possible damage to the sugarcane crop in Florida. It appears that the bulk of the sugarcane crop was southeast of the storm's path.
There are currently 277 reported forest fires in British Columbia, but the situation is not nearly as damaging as last year's fires. November lumber was up its $10 limit at $373.20 with expectations that much of central Florida will have to be rebuilt after last weekend's hurricane.
So far in 2004, U.S. coffee roastings total 10.5 million 60-kg. bags, up 4% from a year ago at this time. December coffee closed up 3.35 at 72.10 with traders wondering if warehouses in Florida were damaged by the hurricane.
Late Friday, Brazil kept its estimate of the 2004-2005 coffee crop unchanged at 38.3 million 60-kg. bags.
December gold was up $4.00 at $405.20, the highest close in over three weeks, benefitting from the weak dollar.
Indonesia's GDP was up 4.3% in the second quarter from a year ago, less than expected.]
[It is too early to confirm yet, but it looks like Florida's orange crop was seriously damaged by Hurricane Charley over the weekend. Oranges for the upcoming season were said to be green and about the size of golf balls when the storm hit. January orange juice was up its 5-cent daily limit at 70.40.
Reuters news reported that insurance companies are expecting to pay out roughly $7 billion in losses due to Hurricane Charley.
With 58% of the vote, Hugo Chavez remains the President of Venezuela. His opponents say the election results were fraudulent and want an investigation. December crude oil closed down .28 at $44.76, as a Chavez victory is considered less apt to interrupt Venezuela's oil production in the near-term.
Iraq is said to be exporting roughly 900,000 barrels of oil per day while fighting continues against al-Sadr's militia.
The New York Federal Reserve's index of manufacturing fell from 35.6 to 12.6 in August, still expanding, but weaker than expected and the lowest reading in over a year. The December 10 year T-notes were down 8/32nds at 111.21/64ths.
Last week's U.S. export inspections for:
Corn were 32.7 million bushels, down 11% from the previous week.
Soybeans were 612,000 bushels, down 35% from the previous week.
Wheat were 15.3 million bushels, down 46% from the previous week.
December corn was up 4.75 cents at $2.33 with some concerns about crop quality in the northern half of the midwestern U.S.
January soybeans were down 11 cents at $5.75, pressured by favorable weather and slow export activity.
After the close, the USDA's good to excellent crop ratings for:
Corn were 73%, down 3 points from a week ago.
Soybeans were 69%, down 4 points from a week ago.
Spring wheat were 66%, down 1 point from a week ago.
Cotton were 73%, up 2 points from a week ago.
The USDA also said that 21% of the spring wheat crop was harvested, less than the usual 40% at this time.
December cotton finished up .02 at 44.32 as it looks like Hurricane Charley did little damage to the Carolinas' cotton crop.
Australia's beef exports to Japan were 25% in the past year to A$1.75 billion, taking advantage of the U.S. and Canada's absence. December cattle were up .10 at 90.92.
October sugar was down .25 at 7.62 despite concerns about possible damage to the sugarcane crop in Florida. It appears that the bulk of the sugarcane crop was southeast of the storm's path.
There are currently 277 reported forest fires in British Columbia, but the situation is not nearly as damaging as last year's fires. November lumber was up its $10 limit at $373.20 with expectations that much of central Florida will have to be rebuilt after last weekend's hurricane.
So far in 2004, U.S. coffee roastings total 10.5 million 60-kg. bags, up 4% from a year ago at this time. December coffee closed up 3.35 at 72.10 with traders wondering if warehouses in Florida were damaged by the hurricane.
Late Friday, Brazil kept its estimate of the 2004-2005 coffee crop unchanged at 38.3 million 60-kg. bags.
December gold was up $4.00 at $405.20, the highest close in over three weeks, benefitting from the weak dollar.
Indonesia's GDP was up 4.3% in the second quarter from a year ago, less than expected.]
the question comes to mind. why? after reading through this thread something doesnt smell right with this fund.
It's tough to figure out how to anticipate the fund's performance given how diversified it is, and given that it may be long or short a given vehicle at any time....
As for the commodity side, like a lot of others I try to keep an eye on the CRB Indices. It seems the Reuters/CRB Futures index has basically been luffing for months now, though in a slight downtrend:
http://www.crbtrader.com/data/default.asp?page=chart&sym=CRY0
On the other hand, it's true that certain indices have been in clear trends, like the grains, interest rate, and energy futures indices.
In any case I decided a while ago to buy more Quadriga when it was getting beat up, so I will, even though it's a little painful now. So far, the drawdowns aren't spooking me.
The MO with Quadriga seems to be that either nothing happens, or it gets beat up for a while, then suddenly there's some completely berzerk gain. Now would be a really good time for one of those berzerk gains.
What are other folks here (*invested* folks, that is) thinking about all this?
As for the commodity side, like a lot of others I try to keep an eye on the CRB Indices. It seems the Reuters/CRB Futures index has basically been luffing for months now, though in a slight downtrend:
http://www.crbtrader.com/data/default.asp?page=chart&sym=CRY0
On the other hand, it's true that certain indices have been in clear trends, like the grains, interest rate, and energy futures indices.
In any case I decided a while ago to buy more Quadriga when it was getting beat up, so I will, even though it's a little painful now. So far, the drawdowns aren't spooking me.
The MO with Quadriga seems to be that either nothing happens, or it gets beat up for a while, then suddenly there's some completely berzerk gain. Now would be a really good time for one of those berzerk gains.
What are other folks here (*invested* folks, that is) thinking about all this?
http://bear.cba.ufl.edu/karceski/FIN7447/WSJ Spring 2004/WSJ 071504.html
the dirty little secret of hedge funds. if they make money everything is fine but if they have heavy losses some will shutdown and start over under a new name so they get a fresh watermark and you are left holding the bag.
the dirty little secret of hedge funds. if they make money everything is fine but if they have heavy losses some will shutdown and start over under a new name so they get a fresh watermark and you are left holding the bag.
