inca one ~ mining for gold in peru

a nice investor lunch event in hotel bayerischer hof in munich today ...

source: company website

well, the inca one (TSX-V: IO) guys try to mine & mill some gold in peru on a small scale base, because there is no money for big(ger) resource projects out there anyway ... their existing mine is approximately 80 km away from lima, the mill 620 km away from lima, cash costs (total costs?) approx $900 per ounce ... a poor margin at the current gold price of $1,200 per ounce, wouldn't you say?

well, there is a bad bad bad blood bath in the whole resources & mining sector and unfortunately the gold & silver operations suffer most because of completely crashed gold & silver prices recently .... and yes, the junior mining stocks are down 70%-85% from their highs in 2011 as measured by the various junior miners indexes out there ... and unfortunately also approved by my 100+ mining stocks portfolio ... if you asked me, it is already as bad as the crashy 2008 horror, let's hope the mining markets will recover some day in the future ...

i could tell ya a lot about the company, its representatives, their hopes and plans, my hopes and my plans, but why should i? you can always go to their website, can't you? i could also speak about my still not fulfilled buy order a little bit ABOVE the current market price despite a day where gold is down next 3% and silver is down more than 4% right now ... well, there is not much trading in inca one's stock, you see? anyway, let's subscribe for their newsletter and follow inca's development in the future ... addendum on saturday: i've got few shares @ CAD 0.1 in the late trading hours, so yes, welcome my new golden portfolio fighter :-)

go gold bugs go and let's crash the fraudulent paper money system now :-)

anything else? coming soon or never ...

hot stone massage

damn, we have quite a cold and rainy summer day in munich today ... what to do? i have decided to visit my hot stone masseur juliana today in order to relax, to refill my energy resources and yes, also in order to forget the financial markets and the recent 2008 like blood-bath in the commodity sector for an hour or two ... well, the hot stone massage helped for a short time, but please don't ask me about my commodity stocks portfolio, especially not about my gold, silver + copper companies ...

how does hot stone massage look like? somehow like the pictures below? if you asked me, only like the #2 and #3, my dears. the other ones are just advertisement :o)

source: here

source: here

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source: here

eof

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? 

endeavour silver (TSX: EDR)

a nice update on endeavour silver's operations at their investor lunch event in munich 2day ... well, there is everything fine at endeavour (=one of my top 5 portfolio positions by current $$ value):

• rising silver production from their 2 producing mines in mexico
• falling cash costs (only $5.53 per ounce of silver)
• rising cash flow
• huuuge exploration program
• no debt
• and yes, 2011 is the very 1st year endeavour is going to make an overall profit. how did they manage to become a $1billion company by losing money each year? well, ive told ya before mining is a strange business, didnt i?
• what abt dividends? well, they dont pay any yet, maybe next year, who knows? and yes, there was an metal 'dividend' this time, just look how pretty 1 oz Ag can be:

pls decide by yourself whats head whats tail, my dear ;-)

yep, the coin is different than the one from last 'dividend', isnt it?

lucky me :-) my growing 10-bagger family

folks, lets welcome the next family member, levon resources (gold in nevada/usa):

3rd tenbagger! welcome, levon resources! http://www.informedt... on Twitpic

of course, thats the sexy part of my portfolio ... pls dont ask me 2 show u the unsexy one :-)

go gold bugs go 

btw, the current price for novagold shares @nyse equates approx 6.03 €uros, so the stock should go up in germany on monday morning ...

OMG! levon increased 2day by 9.9% and its closing quote CAD 1.11 (what a number!) equals approx 0.84 €uros , so it also should go up in germany on monday morning ...

all-time-high :-)

folks, my investment portfolio rocks like crazy! a new all-time-high :-)

well, 2 weeks ago (beginning of the year) was my balance of all open positions tiny +7.97% and it is +20.12% now! of course, it helped a lot that yesterday advanced my single biggest position scorpio mining huuuuuge +11.94% and the volume was more than twice the usual amount. no news, of course :-). any reason for that increase? hmmmm, my guess?

1.) these many stupid folks who were willing to sell their scorpio shares that cheap are out of the market
2.) these few folks who want to increase/enter their positions understood that there will never be a cheaper share price out there, so they started to buy at current price and bid it up a little bit :-)

ok, the remaining increase of my gold/silver/commodities portfolio is supported by increasing gold/silver prices, i think.

well, we are in the early phase of a HYPER-INFLATIONARY HARD ASSETS RALLY, i believe :-)

let's enjoy future development of my investment positions and let's hope my struggling micro trading account will also advance soon :-)

of course, there will be days on the way up where every commodity + every commodity stock + my portfolio will suffer like hell for some trading psychology related reason and that will be prolly also the days when i will update my armageddon 4 commodities blogpost, but i do not worry too much abt that. as long as the (inflationary) trend shows up i will ride the trend, so what?

hell, hell, hell! that investment stuff is soooooo damned easy

addendum, 01/20/2010: yesterday an all-time-high, 2day the 2nd armageddon! well, we never know what's next! hell, maybe that's also one of the reasons why i like the financial markets so much, isn't it? it would be boring if everything was easy

silver and lead -5%, gold -2.5%, agriculture approx -2%, oil -2.5% .... the most of my stocks are down 3% - 8%, my daily 'performance' is -2.91% ... and that's prolly just thx 2 my biggest single position scorpio mining, which is +0.0% today. well, my guess which i have posted few days ago that the most stupid folks sold their scorpio shares soooo cheap already is prolly true, as there was not much volume 2day ...

any cold comfort? yep! i could move the next company from my gold bugs fair's watch list into my portfolio as the soooo low limit order was hit today - welcome, moly mines (australia ~ molybdenum, copper, iron ore), welcome!

armageddon 4 commodity bugs ...

gold, silver, base metals, agriculture, energy ... everything is down, down, down today

.. the commodity stocks fell even much more than the commodities itself

oil WTI -1.47%, gold -1.56%, silver -2.49%, my portfolio -2.86%, natural gas -2.9%, XAU -4.02%, barrick -4.23%, HUI -4.27%, silver standard res. -5.34%, goldcorp -6.18%, rangold -7.57%, ...

there are sunny days, there are rainy days and there is a complete desperateness ... like today

damned hell!

armageddon 4 gold/silver bulls (like me)

oh, my god!

gold -2.09%
silver -3.89%
DJIA -0.75%
my portfolio -4.62%

well, the profits of the last 2 days were swept away today. c'est la vie! anyway, i wanna hold my gold/silver stocks the next 3-4 years (till DJIA costs about 1-3 oz gold; currently 1 DJIA = 9 oz Au)

2 weeks on holiday ....

... and the financial markets survived also without my steady attention ... isn't it crazy? i wouldn't believe it :o)

well, we've been in slovakia + poland visiting my and my wife's family, our children had some pleasure to meet their cousins, aunts, uncles, grandpas + grandmas, so they welcomed the opportunity to speak polish ... i hope they will not forget that languauge completely when they get older ...

folks, SK + PL are quite cheap countries (especially when lodging @ family's houses :o), so i could invest some surplus money in few of my favorite stocks + 3 new companies:

• scorpio mining - Zn, Cu, Ag, Pb
• novagold - Au
• constitution mining - Au, Cu - new
• amerigo resources - Cu, Mo
• cardero res. - Fe
• penn west energy - oil, natural gas
• wacker chemie - chemicals, solar industry - new
• logitech - IT hardware - new
• barrick gold - Au

=> good luck, my lovely portfolio addendum!