+5.57 % today ... folks, it's crazy!

yeah! that kind of market is the one my portfolio likes! gold/silver rising + my stocks soaring!!! what about the general stock market? the downsizing process continues week after weeeek <=> today next 2% decrease => dow jones industrial average again bellow 8,000 points! do you still believe in the buy-and-hold-strategy for blue chips?

what does all that mean? hmmmm, i think it means that people do not longer believe in the stupid over indebted western governments + their corrupt dirty central banks + their overstressed printing presses + ... + (finally) don't believe in paper money produced out of thin air! welcome to the next monetary reform which will wipe off the already unpayable western debts and (as always) destroy the middle class. well, that is our bill for our stupidity for voting sooo incompetent politicians for sooo long!

hell, my over all balance is still highly negative -49.60% ;o((. but it is improving strongly week after week since last november :o). chakha!

+3.79% today :o)

foks, i do believe that now is the right time to invest in gold/silver stocks :o))

my portfolio soared 3.79% percent today, the gold/silver stocks could by far overcall the 6% losses of my energy stocks (conoco phillips + penn west). well, my portfolio performed much better than the general stock market:

DJIA -2.70%
nasdaq -3.50%
s&p -3.31%

well, hopefully can my stocks make up all losses from 2008 soon, but there is still a long way to go ... i'm currently approx. 52% down from my initial purchase price ;-((

siemens: annual shareholders meeting

folks, i've visited the annual shareholders meeting @ siemens today, so i could improve my dividend from the culinary perspective a little :o). well, the food wasn't bad and i drunk a lot of coffee too, so it wasn't bad there :-). as siemens is heavily involved in the infrastructure business i was really curious about their perspective at the current economic + financial crisis. i believe they will probably profit in some way in increased volume in (government sponsored?) projects concerning energy efficiency, energy generation, worldwide CO2 goals, etc. ... who knows?

was the event worth the day off in my office? it's hard to say, i could imagine also a nicer holiday, but i've met a former siemens-colleague there and i still have many overtime hours, let's take them off till it is allowed and let's's join also the annual meetings of my remaining munich-based companies bmw, linde, man + allianz! do you still remember my primary motivation for purchase of all these companies? no? pls look-up here (see 12/04/2008).

the main topics @ shareholders' meeting?
siemens corruption affairs, infrastructure investments, financial crisis, constant dividend, optimistic outlook for 2009, business with iran, salaries of directors, renewable & nuclear energy (yep, siemens privides both), ...
~~~
... the 2011 event

-1.08% today ...

... folks, it's soooo pitty, but my gold/silver/commodities stocks portfolio doesn't go up every day :o)) ... -1.08% today ...

in canada/usa fell the most of my silver positions further, so there will be probably a slight decline in my german bank account also tomorrow morning .... but at least my biggest positions novagold + u.s. gold + scorpio mining performed quite well, so the decline shouldn't be too heavy :-))

+5.68 % ... a next nice day 4 my portfolio :o)

GOLD, SILVER, AGRICULTURE !!!

:o))

my portfolio is up +4.94% today :o)

gold + silver rallied today (about +5%), so did my portfolio :-)). what a nice correlation, isn't it?

the general stock market didn't move much: DJIA -0.56%, s&p +0.54%

what about the banks/financial sector? well, i've found some funny thoughts of bill bonner in his today's daily reckoning, so read + enjoy:

Bankers don’t make loans in the hopes of getting ‘good citizenship’ awards. They lend money when they think they can make a buck. The remarkable thing is that thay're so bad at it. They lent recklessly when there was little hope of getting their money back. Now, with the widest spreads in history – the difference between their cost of money and their return on it – it’s easier to rob a bank than get a loan from one. There are two explanations for this anomaly – both of them wrong... :o))

Among the queerest financial stories of the last week was the proposal to create a ‘bad bank.’ It hardly seemed necessary. There were already dozens of them. The idea is to transfer all the sins of the bubble era to the ‘bad bank’ – funded with public money. Then, the bad bank will be crucified so that the rest of us can have life, and have it more abundantly ...
But if the ‘bad bank’ idea could work, why not create a super baaaddd bank? We could use it to get rid of all our mistakes. Writers could unload their bad novels. Businessmen could sweep their errors under its broad carpet. What the heck, let people get out of bad marriages without penalty; the super baaaddd bank could pay the alimony and divorce costs.

wall street didn't like barrack ...

today was the 1st day for barrack hussein obama as the new u.s. president ... wall street's reaction?

DJIA -4,01%
S&P500 -5,28%
nasdaq100 -5,14%

the sharp decline in S&P500 was again 'led' by the financial sector:

(soon?) bank-rupt banks (click 1x on the picture :o)

well, the wall street probably likes republicans more, but history teach us that stocks perform better 'under' an democrat president ... IMHO there is nobody worse than ruinator george w. bush !!! let's hope the economy will recover again soon :o))

good luck, barrack!

cold comfort: gold +2.51% and my gold/silver/energy portfolio +1.91%