Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ggamer who wrote (94648)	5/30/2008 4:02:41 PM
From: bart13	Read Replies (2) \| Respond to of 110194

I'm not very good on intermediate term individual market forecasts, but will give it my best guess. My current cattle target is just under $1.00 basis the nearby contract which is now trading around .96. I think we'll see a reaction down to around .92 after that. Seasonals for live cattle tend to bottom in late June and assuming we don't get a major correction in general commodities, I'll be re-entering with a short/intermediate term target of 1.25-1.35. Ideally I'd hold until the seasonal peak in November but I seldom have trades that last that long. Long term my best guess on an eventual high is in the rough $2.40 area.