Opps

Okay I'm back to not so semi retired status again thanks to my account semi blowing up.  I even know exactly why my account blew up, thanks to over trading and panicky decisions.  Frustrating, but I've been here and I will learn.  Until next time then.  My account is still in the green at least.

Last month of the year

Very short post.  The stock markets are still on a roll.  Target S&P 2130 by year's end.  On another note I'm now effectively semi-retired.  It's a monumental achievement.

The onward march continues!

Currently the S&P stands at 1985 and change.  I am up over several hundred percent on various positions.  Will it hit 2130 by year's end?  Who knows?  Whatever it is, the year hasn't ended and it has been my best year ever, hands down and I've recuperated all my losses from previous years.  In fact I might be able to retire within the next year or within the next two years depending on how I play my cards.  Fingers crossed we'll see what happens.  I'm back on the early retirement track.  Sure I've been delayed by a few years but the day I hit my figure it's gonna be a great day.

I still feel gold and silver will have their day in the sunshine, but when that happens it's not going to be a good place to be.  Honestly may that never happen.

Another day another record

It appears as if this market is never gonna come down.  I'm up over 100% now on certain positions, and down 50% on my hedges since Gold rallied today.  But who knows what's gonna happen tomorrow?  I'm not complaining.  I've seen this pattern when silver went berserk in 2010.  This looks like it's history repeating itself.

I suspect tomorrow will be yet another record breaking day but we'll see.

The bull market continues

The stock markets are on fire and gold is getting crushed $26 as I write this.

Thankfully I have my hedges in place.

Each row represents a position in my portfolio.  Enough said eh?

Let's see what happens in the upcoming months, it will be a *very* interesting year for certain.

Positions for May

Well well well it's nearing end of May!  The stock market is still close to an all time high.  And I've loaded up on Sept 2014, Dec 2015 and June 2016 calls.  By year end I'm anticipating SPY to be at 230.  Current level 1892.49. If that happens I'm probably going to disappear for a while and take a break from this madness. Or I might not.  I just thank God that the market looks like it's going to go up wild from here.  Gold and Silver, forget it for now, ain't gonna have any fast moves anytime soon.  But we'll see what happens, I'm just gonna take it slow for now, I've already loaded up and ready to go.  You know if you asked me in 2010 what would be the situation now I would have said the market's gone kaput.  But here we are in 2014 and still going strong.  Shows what I know.  Gold at $5000 wouldn't be good for anyone, nor Silver at $100.  Let's hope it never gets to that.  But I've learnt so much these few years, that is never get attached to anything if you want to get wealthy.  Let the newsletter writers preach to the blind.  Meanwhile, it's time to get wealthy and party on.  The Flying Phuc factor... the markets don't give a damn about what you think or I think, it will do what it wants.  Price action really is the only thing that matters.  Seriously, unless you want to lose everything.  I have been so wrong these past few years, but I could make it all up by the end of this year!

A day in May

So it's May!  Wow.  And I'm still here.  Well hopefully I'll be outta here by the end of the year, where ever that might be.  In the world of metals, silver and gold aren't looking too promising at the moment.  In a surprise turn of events I'm long the stock market, looking to make possibly quite a bit by year's end.  I know, this is not logical, but the stock market looks like it's going to go up, way up.  We'll see.  I sure ain't gonna sell my gold and silver, but probably hedge it instead in case of further drops.  Such is today's situation, where idealism doesn't work, instead I have to deal with reality, which is what the market is teaching me right now.  Gold and silver looks like they aren't going to make new highs anytime soon.  If I have to guess I would say 2016 or 2017?  Yeah, it's gonna take a while, so we'll see how long the gold bugs last.  Gosh hearing them is like a cult I've just realised.  Only took me a while to listen to reality.  Investing in idealism will lose you money, never forget that.

Year end review and Happy New Year!

Another year another New Year.  And what a year it has been, from gold falling to almost half its value, to the stock market rising to all time highs.  Honestly I didn't think it would come this far, but it has.  Considering my net worth in 2010 what it was, that is  now solidified in physical gold and silver, which means pretty much I am knee deep in the precious metals.

Positives
- Portfolio is solidified!
- Increase in gold and silver ounces
- Got to travel to a new country (Morocco!)
- Had a nice New Year up in the mountains
- Still with the girlfriend
- Economy is still floating on ice

Negatives
- Net worth down (since gold and silver fell heavily)
- Economy is still floating on ice
- Too much PMs?  Not sure, but we'll see what happens come 2015

Will gold rise to 2K in 2014?  Will silver rise to 30?  In the end I have no idea.  But what I know is, mathematically speaking this cannot continue forever and in the end, gold and silver will be remonetised.