Current Commodity-Related Positions and Sizing
NOTE: This page is not updated in a timely manner!
Long SCCO credit and short copper. Medium position.
SCCO is the lowest cost of the large copper miners. I believe they will weather the low prices well. So even tho I am not bullish on copper, I like the credit. Note that copper is still above its long run deflated average. See post 7 for a fuller description of the trade.
Long South32. Future post.
Long CNXC. Same.
Long Peabody bonds (in default). Same.
Long LME nickel and Norilsk (NILSY). Large position.
Short Soybean volatility.