Saturday, March 28, 2009


folks, i've bought few oil call options (warrants). this low, low, low oil prices cannot last forever!!! let's benefit from return to normality i.e. increasing oil prices in the next few years :o)

trading symbol: DE000GS1T1R3 (~ GS1T1R)
underlying future: brent oil
strike: $90
date of maturity: 11/14/2011
price: €1.28

damned hell, there must be some price movement in the next 2.5 years! hopefully is goldman sachs (= emitter) not bankrupt before oil skyrockets & thus my call options makes me rich, rich, rich ;o)). sounds like an easy bet, isn't it? well, there have been also much longer running call options and therefore much more expensive ones on the market e.g. emitted by jp morgan (5 years) and societe generale (till 2016), but i think 2.5 years is enough :-))

what about oil INVESTMENTs (not speculation!) in general? well, my trading buddy valentin covered that issue recently, pls read his complete analysis (in german) in his blog ... thx, valentin :o)

Tuesday, March 24, 2009

investors' dinner with commerce resources

investors, watch out! traders, pls move 2 the next posting :o))

a nice evening with the representatives of zimtu capital and its successful spin-offs/acquisitions commerce resources, evolving gold, western potash, tripledragon, ...

folks, i've bought few more shares of commerce resources + western potash, let's watch if they really have such shiny future as david hodge (CEO of commerce) believes :o).

btw, i've decided not to buy zimtu capital as they have no real website (just 1 nearly empty page with telefone number + email address. there is no company overview, history, management, etc.). IMHO it is very strange when there is no volume on german stock exchanges (and even worse: also no volume in canada!), so i asked the company representatives by email what's the matter there :o)

.... to do tomorrow ? ... more details ... :o)...
  • 04/02/2009 => well, the answer from zimtu/commerce PR lady made some sense to me => let's buy 1000 zimtu capital shares i.e. approx. 300 €uros as there is no volume at fair price and thus the buyers have to pay some premium above canadian TSX price. well, 2 days ago i could probably get the same number of shares 40 €uros cheaper, but mr. market changed his mind and moved all boats a little bit higher ...

Thursday, March 19, 2009

yabbadabbadoooo! my stocks +5.53%, my commodities +18.06% TODAY!

what a nice day for gold bugs / commodity bugs today!

i'm so happy about today's increase in gold/silver price ;o). good-bye fiat currencies! good-bye corrupt governments! good-bye small dirty central banks ... folks, welcome to the gold standard era again :o))

ps: my gold / silver / energy / commodity stocks rallied 5.53% today and my CFDs (silver, natural gas, sugar, orange juice, coffee) moved my micro account 18.06% higher ...

Monday, March 16, 2009

silver stopped out :o(

item--------------: silver
units--------------: 1
trade type--------: long
order type--------: market buy / limit sell
entry date--------: 03/13/2009, 17:14
entry price-------: $13.22
initial stop loss--: $12.77
new stop-loss----:
exit date---------: 03/16/2009, 14:44
exit price---------: $12.77
profit (loss) in %-: (3.4%)
profit (loss)------: ($45)
reason why + strategy: silver is in my opinion so unbelievable cheap and the financial crisis is out there! damned hell, do i really need some other reason for that trade? no, i do not! let's bet some money on my opinion! folks, i would like to hold this position very, very, very long. how long? at least till silver reaches its 2008's temporary high @ 21 dollars, that would mean a profit of about 800 bucks on that single position! well, my current account size is too small to risk a (possible!) temporary decrease in silver price, especially because the usd could strengthen against its small dirty paper buddy €uro. how low could the (comex) paper silver price fall? IMHO e.g. to the november/december lows bellow $9. that would mean a loss of about $500 for my account which is too much considering that my overall account balance is just $2,000.
lessons learned: ... even if the silver price fell just $0.02 bellow my limit and climbed up again, let's ALWAYS use stop limits :o)
  • 03/19/2009:
thx goodness i've opened a new long silver position yesterday .... well, it was late in the evening after i've returned from my office job and after silver rallied 4%, but today rallied silver additional 5%. yabbadabbadooo !!!

Thursday, March 12, 2009

o tempora o mores!

- financial markets like crazy bazaars: 7% up one day, 3% down next, 4% up again! hmmm, double digit volatility in soooo many single stocks => is it the complete craziness out there?

- folks running amok in usa => 11 death in alabama yesterday :o((

- folks running amok in germany => 17 death in stuttgart yesterday o(

- utter mockery in my office today! the employee management process turns after recent hostile takeover by a neighboring department into a complete farce! who is the last out of 5 people who will be forced to leave the current job and move in the new boss' team? is that me? all indications show it should be an older colleague of mine, but there is a small problem: he is not able to do the programming jobs in the new department ;o((. damned hell, can anybody tell me, why do some colleagues like him (who have been lucky enough to reach a higher salary group few years ago) earn 1,000 €uros more than me each month? and why got they double as high salary increase just because of their group membership this year? even when they can do just 1/3 or 1/2 of all tasks in our department?!? do you call that fairness? is it the axiom 'same money for same job' or prolly the next dimension in some super-duper employee motivation program @bmw? maybe even all of that? btw, will i also earn 1,000 €uros more if i convert to a lazy, incompetent employee? let's ask my boss next time! => quo vadis, BMW ???
05/14/2009 => if you thought the craziness @bmw is over you are wrong ...

oh the times! oh the customs!

Saturday, March 7, 2009

PPT still alive!

folks, did you notice the hard work of the plunge protection team yesterday?

it's unbelievable! we were 30 minutes before the weekend and before incalculable overnight-risks, the DJIA have rapidly broken its multi-years-lows to the downside, the employment market data becomes worse from 1 week to the next, the horror news from the banking sector continues floating the markets like if there were some monstrous assembly line behind ... and what happened next? well, the DJIA futures shoot up as if that was the last buying opportunity for the next 5 years ;-)). DJIA not just 'corrected' it's huuuuge daily losses, it also closed @ +0.49% and moved also other market indexes into the winning range, just for the nasdaq100 came that crazy buying rally a little bit too late, nasdaq100 closed @ -0.91% yesterday

bravo PPT! congratulations! you could 'rescue' the wall street (& thus the whole financial world) a week longer ...

Thursday, March 5, 2009

+2.72% today ...

... folks, my portfolio could recover a little bit from yesterday's huuuuge losses! it increased approx. by the same rate as the general stock markets <=> djia +2.2%, s&p500 +2.3%, nasdaq100 +2.7%, sugar +4%, gold -1%, lead +7.7%, ..., WTI oil +9.75% (!!!)

Tuesday, March 3, 2009

armageddon 4 my portfolio ;(

folks, folks, folks ...
... i've proved it again: i'm the worst market timer ever!

i have to remind jim rogers about his false believes concerning this issue :-). why? in 5 of 6 cases when i had big amounts of cash 4 investing i've jumped into the markets just hours/days before significant stock/commodity crashes :o( may 2007, march + july + october 2008, february 2009). damned hell !!! at least my shopping orgy november/december 2008 was an excellent buy from market timing perspective ...

ps: my portfolio is -6.32% today
pps: my last big purchase excess would cost about 10% less today than it has 3 days ago :o((. PATIENCE, where have u been last friday? and where yesterday? folks, my soul is so freaking doomed!

Sunday, March 1, 2009

current CFD account size €222

account size @ end of february: 222 €uros

my current positions:
  • 2 x natural gas
  • 1 x orange juice

let's increase my stake by about 1,500 €uros (to an overall investment of 4949 €uros since 2007) and try to trade with higher margin coverage as larry williams proposes :o)

new funds invested in febraury & march 2009 :o)

folks, here we go!

part 1, stocks bought BEFORE my new funds arrived (6,512 €uros):
  • cardero resources (Fe)
  • coeur d'alene mines (Ag)
  • ECU silver (Ag)
  • excellon resources (Zn, Pb, Ag)
  • genco resources (Ag)
  • scorpio mining (Ag, Zn, Pb, Au)
  • coral gold (Au)
  • bravo venture (Au)
  • coeur d'alene mines (Ag) - AGAIN !!!
  • bhp billiton (Fe, base metals, coal, oil, Mn, ...)
  • crescent gold (Au in Australia)
  • dundee precious metals (Au, Cu - new in my portfolio)
  • microsoft (software - new) - the company with the highest cash reserves in the world! $25 billion?
  • premier gold (Au - new) - wrong timing here as the stock shoot up 100% in the last few weeks. well, i had no free funds earlier. let's enjoy the company development anyway :-)
  • MAG silver (Ag)
  • scorpio mining (Ag, Zn, Pb, Au) - AGAIN !!!
  • ECU silver (Ag) - AGAIN !!! one of the few still very cheap + not bankrupt junior explorers/producers
  • yamana gold (Au - new)
  • sterling mining (Ag)
  • paramount gold & silver (Au, Ag)
  • 1st majestic silver (Ag)
  • goldcorp (Au - new) - wrong timing here as the stock shoot up 100% in the last few weeks. well, i had no free funds earlier. let's enjoy the company development anyway :-)
  • endeavour silver (Ag)
  • kirkland lake (Au - new)
  • cbh (base metals)
  • franco-nevada corp. (resource royalty & investment - new) - wrong timing here as the stock shoot up 100% in the last few weeks. well, i had no free funds earlier. let's enjoy the company development anyway :-)
  • 1st quantum minerals (base metals - new)

part 2, casino trading (319 €uros):
folks, du u like casinos? no? i don't like them either, but i like to take some bets! well, i did wager between 55 and 120 €uros per trade hoping that following 5 highly bankruptcy endangered companies will rebound + multiply my stakes :o). well, i think if one company out of them survives it would balance the (total) losses of the 4 others. and if not? then it's also ok, it is just a game, you know? i still prefer to take some bets on the stock markets than to risk my money in casinos or spend it on pizza & porno as the crazy mogambo guru surely would. u2? (update january 2013) any lessons learned? well, it is very hard to make some money with bankruptcy endangered companies, many of them finally go bankrupt and the shareholders unlike creditors get nothing. in some other cases, like e.g. my 1,880 euros invested in novagold between december 2012 and february 2009 (see acquisitions part 3 below) it can work out fine. so this casino trading, my dears :-)
  • RBS (banking - new! folks, believe me, i do not believe in banking, stimulus packages, nationalization of industries etc. :o). this purchase is to some degree just a carneval joke! as i saw that stock in my seldom opened watchlist #2 today i LOL & couldn't stop laughing! i've invested 111 €uros and bought 400 shares just for the sake to participate in the current financial mess out there ;o) ~ (update january 2013) RBS is still alive, stock price advanced approximately by 50%
  • greenshift (clean energy, like RBS also highly bankruptcy endangered, my position and thus my overall risk is really low) ~ (update january 2013) bankrupt, stock price below broker's commission, one of my portfolio cadavers
  • sterling mining (Ag - established 1903, bankrupt 2009? well, i've bet €55 on their revival (=2,000 shares incl. commission), but without their (yesterday!) lost sunshine mine it will be very, very hard for them :-) ~ (update january 2013) sterling was taken over by a private company which changed its name to sunshine silver mines short thereafter. well, after many years of big nothing, in the end of 2012 there was some money paid to old sterling shareholders like me, probably because of some court decision, thus i have got 77 euros and thus made 15 euros profit on that trade after taxes + commisions => haha, could be worse :-)
  • qimonda (semiconductors - new) - 128 euros for 1,000 shares ~ technology leader + last european producer of some special kind of hardware chips ~ (update january 2013) bankrupt, stock price below broker's commission, one of my portfolio cadavers
  • hy lake gold (Au), 80 euros for 1,000 shares invested ~ (update january 2013) company is still alive but changed its name to West Red Lake Gold Mines, stock price is still at a bankruptcy level
part 3, stocks bought AFTER my new funds arrived (14,654 €uros):
  • novagold (Au) ... 1K €uros invested
  • scorpio mining (Ag + base metals) ... 1K
  • barrick gold (Au - new) - industry leader in gold production
  • kinross gold (Au - new)
  • silver wheaton (Ag)
  • bhp billiton
  • cardero resources (Fe) ... 1K
  • yamana gold (Au)
  • ETF renewable energy
  • newmont mining (Au)
  • MAG silver (Ag)
  • orko silver (Ag)
  • nanostart (nanotechnology) - i believe that nanotechnology is [besides to commodities & (renewable) energy] one of the favorite industries AFTER the 2008/2009-financial-crisis! do u still believe in banks & car makers?
  • ETF world water
  • q-cells (solar technology)
  • ECU silver (Ag)
  • endeavour silver (Ag)
  • goldcorp (Au)
  • eldorado gold (Au in Brazil, China, Turkey, Greece, and surrounding regions - new) - wrong timing here as the stock shoot up 200% to its all-time-high in the last few weeks. well, i had no free funds earlier. let's enjoy the company development anyway :-)
  • coeur d'alene (Ag)
  • tribune resources (Au - new)
  • 1st majestic silver (Ag)
  • impact silver (Ag)
  • levon resources (Ag, Au, Pb, Zn - new)
  • rocmec mining (Au)
  • cuervo resources (Fe)
  • adamus resources (Au - new) - gold in ghana, an idea from last year's resource conference in munich
  • silver standard resources (Ag)
  • pan american silver (Ag)
  • hecla mining (Ag)
  • crowflight minerals (Ni - new) - succesful nickel price hedging closed (2.97 million pounds nickel @7.74 USD per pound) with a net profit of more then 10 millions! all debts paid back and a lot of cash (2.5 m) added to their cash reserves. not bad, but it was not the last positive news release in the last 2 weeks! they also shipped the first nickel concentrate from their Bucko Lake mine near Wabowden, Manitoba. why is the stock price still near its all-time-lows? i don't know, i suppose the folks out there are paralyzed by fear (DJIA is currently @ multi-year-lows) and didn't recognize super-duper company developments anyway. they just look at the ticker for the common stock prices (DJIA, s&p500, nasdaq100) and pee in their pants from fear! let them act that way, my stocks need also buyers who jump into the markets at much, much, much higher levels ;o))
part 4, stocks bought AFTER my crazy, greedy mind settled a little + i've waited for an opportunity to get that stocks cheap (1,145 €uros):
  • miranda gold (Au)
  • avino silver + gold mines (Ag, Au)
  • amerigo resources (Cu, Mo)
  • minera andes (Ag, Au, Cu) => argentum in argentina? that's cool, isn't it? even much cooler is IMHO the fact, that rob mcewen recently increased his stake in the company to approximately 37.4% of the outstanding common shares. his purchase pricewas C$1, my about C$0.58 => ??? why did he paid so much above the current price in current market conditions? well, i hope i can understand it sometimes, maybe it is just a special gift to the company, who knows? well, as long as he uses just his own money it shouldn't be a problem, should it?
  • bmw (automotive) => i've bought just symbolic 2 common shares to provide me + my wife the possibility to vote and to speak @ general annual meeting in may because my employee shares are not entitled to vote :o(. well, there is sooo much i would like to tell the bosses & the shareholders of the company, let's see if i will apply for speeking @ AGM and get the possibility to do so in front of a huge audience :o)
  • xstrata (commodities) => purchase warrants exercised
well, my timing was far from perfect again as the gold/silver price and the corresponding stocks came down a lot in the late february & early march, but i'm for sure not a talented market timer and i do not have the patience for 'bottom fishing' anyway :o)
could i fulfill my investment plan? yep, i think so ;-). of course i've found few additional promising companies since then (adamus, q-cells, tribune, cuervo...) or couldn't get few others @ reasonable price in low-commission-land germany (minera andes), but there was just 1 major difference to my former plan: i've decided NOT to invest 10K into a silver-ETF because i'm not sure they really have the PHYSICAL silver and maybe are the gold/silver ETFs just an easy way 4 governments/central banks to confiscate the pretty centralized people's gold/silver, isn't it? therefore i've bought gold/silver stocks instead as i'm sure they will go up in price if gold/silver soar :o)