A.m. Look 6/7/11

First a BIG Thank you for the hospitality and warm welcome shown by the San Francisco Traders Association this past week. I should be able to focus by Thursday!

We would also like to thank the Mad Hedge Fund Trader ( John Thomas) for taking the time out of his busy schedule to fatten us up with a wonderful meal. The dinner conversation was insightful and stimulating as always. Thanks again John!

Now for today, we would like to sell the S&P 500 futures around 1309 with a tight stop. Whether we get there today or mid week, this will be a retest of last weeks outside reversal closing weekly #. The trade is well worth the shot due to the limited risk.

We are still eyeballing the Wheat around the 7.25 area down to 6.70 for a long term buy.

Current Holdings

GLD,SLV,JJG….from much lower levels.

These are not full positions.

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