deflation :-((

again an armageddon for commodity bugs and my portfolio today ... i've got many unanswered margin calls today, so my broker sold randomly 3 of my positions (silver wheaton, first majestic silver, nanostart) ... paper (money) wins, real stuff loses ... :-( ...

silver leads the loser hit list as so many times in the last few weeks / months, minus 7.77% for a day :o(

it is already worse than 2008, isn't it? 

commodity conference

the 7th commodity conference organized by cm-equity took place in munich's best hotel bayerischer hof today as the commodity markets collapsed again ... silver -7%, copper -6%, oil -3%, gold -3%, tin -5%, coffee -3%, ... OMG :-(

well, there were few companies and 2 presentations, few old friends, some new folks and yes, only very very few of all these folks were shocked or concerned abt the disastrous development of commodities and mining stocks in the last week (my stocks on average more than 30% down i guess). u know what does it mean, dont u? of course, these folks are not (significantly) invested in the commodity markets ... how the hell can the commodity & mining stock markets go up if noone invest in them? hmmmmm .... the crashy 2008 is knocking on hells door, isnt it? so, who showed up?

• energold drilling ~ the well known shovel sellers who make money even if the miner doesnt ... of course, they didnt forget 2 mention their partner impact silver ... it didnt help much: energold is -3% and impact is -13% today, my poor portfolio, OMG!
• st. elias mines ~ what a drunken CEO! she was prolly at the oktoberfest before her speach, i cant tell ya if their inka gold property in peru is worth a closer look 
• gianni kovacevic ~ a great presentation abt cop-copp-copper and cycles in the business & financial world ~ im gonna learn more abt gianni + abt his (and my!) mali based gold explorer legend gold + etc etc ... well, his website doesnt tell much
• zimtu capital ~ holding company in mining sector ~ in my portfolio since april 2009
• south boulder ~ my struggling potash explorer in eritrea
• CuOro resources ~ interersting colombian early stage copper story ... if i had any money i would prolly buy few shares, but i hadn't ;-(
• ronald stoeferle ~ in gold we trust ~ presentation

anything else? coming soon or never 😄

armageddon 4 gold bugs ;o((

aua, aua, aua!

gold -2%
silver -3%
my portfolio -4%

well, let's see what are the numbers @ the end of day ... the most of my precious metals stocks fell in canada between 8%-15%, i assume my portfolio will fall much more ;o((

cold comfort: i will get some new money in the next few days! it would be nice to buy all these pretty, shiny gold/silver/commodity stocks cheap :-)

do u now the saying 'plan your trade and trade your plan'?

here we go, my plan 4 the next shopping orgy:

• silver and/or silver ETF (8K, just to keep some metal instead of paper (money) in case of some unexpected monetary reform)
• summer holidays (10K, watch out new york! watch out california! WE WILL COME SOON :o)
• security account with currently 6% interest (4K)
• my CFD trading account (1K)
• debt repayment 2 moni & cony (1K)
• commodity stocks (think big => 10 x 1K, basically big & stable companies without any danger of bankruptcies ;o):
• -> novagold (1k)
• -> scorpio mining (1K)
• -> cardero resources (1K)
• -> newmont mining, kinross, barrick gold, yamana gold, silver wheaton, goldcorp, bhp billiton, levon resources, minera andes, MAG silver, orko silver, nanostart (5K)
• -> renewable energy ETF + water ETF (1K)
• -> oil/africa/vietnam/bric/chile/china/taiwan ETFs + some commodity index ETF/cetrificate (2K)