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From My 1st Million at 33 - view blog entries - visit this blogJanuary 14, 2008 at 11:14 am ET
With silver joining on the list of new high on Monday in Asia, I expect this current rally in precious metals to continue.
It almost looks like that HUI will not have any significant pullback until much later.
For those who are not on board yet, I can only say good luck to you. Patience throughout [...] ... ( more)
From My 1st Million at 33 - view blog entries - visit this blogJanuary 11, 2008 at 7:01 am ET
I’ve sold some significant percentage of my energy holding.
I also sold a few deep-in-the-money naked call, since I’m expecting a fall in stock market in the first quarter.
Maybe I’m too scared. Or maybe I’m not scared enough. We shall see.
Holding onto almost all of my precious metal companies however.
I’ve also exchanged my AUD [...] ... ( more)
From My 1st Million at 33 - view blog entries - visit this blogJanuary 9, 2008 at 7:01 am ET
I think the next level is at 1360/1370 at S&P 500. If that level is broken, we can easily see 1200 again for the S&P500. Be careful out there. This is an extremely dangerous time. 1200 is only 14% away from yesterday’s closing.
By the way, I am recommending sells for ALL [...] ... ( more)
From My 1st Million at 33 - view blog entries - visit this blogJanuary 8, 2008 at 8:26 am ET
The one on my buy list is JOYG. I’m very tempted to buy it at 60 to 61 after missing the last big run up. If you don’t believe in gold/silver, at least you can try the gears that dig them out. This is the same reasoning with buying CSCO, while all [...] ... ( more)
From My 1st Million at 33 - view blog entries - visit this blogJanuary 7, 2008 at 7:01 am ET
If stock market (S&P500) doesn’t produce a rally of at least 0.6% on Monday, it is highly likely that we will go down by at least 10% or even 20% from here. The right shoulder of the head-and-shoulder pattern is close to be broken. After that, you will hear lots of screaming in [...] ... ( more)
From My 1st Million at 33 - view blog entries - visit this blogJanuary 3, 2008 at 1:22 pm ET
I hope you all have some. As I have repeatedly asserted that this market is not to be timed, but to be invested. There is probably not a single person on Earth who can tell you that HUI will go up 11% in 2 days right after new year. But signs were [...] ... ( more)
From My 1st Million at 33 - view blog entries - visit this blogJanuary 3, 2008 at 1:22 pm ET
I hope you all have some. As I have repeatedly asserted that this market is not to be timed, but to be invested. There is probably not a single person on Earth who can tell you that HUI will go up 11% in 2 days right after new year. But signs were [...] ... ( more)
From My 1st Million at 33 - view blog entries - visit this blogJanuary 2, 2008 at 7:01 am ET
Have you ever wondered why if stocks do have a better long term performance track record than bonds, why do we even bother putting money into bonds? Have you also ever wondered that if small cap stocks have been proven to have a better long term performance, why are we even investing in large [...] ... ( more)
From My 1st Million at 33 - view blog entries - visit this blogJanuary 1, 2008 at 7:01 am ET
My outlook for 2008 is roughly the same as 2007. In fact, I was about 6 to 9 months too early in my investment outlook in 2007. The stock markets should be ahead of the actual economy by 6 months or more, but I was surprised that there were so much of denials [...] ... ( more)
From My 1st Million at 33 - view blog entries - visit this blogDecember 26, 2007 at 7:01 am ET
I won’t be posting this week. I don’t get much break if at all. I decided I will just take a break. I will be back posting next Tuesday, January 1st 2008. I will see you next year. Some of my previous posts from last week are pre-written. In [...] ... ( more)
From My 1st Million at 33 - view blog entries - visit this blogDecember 25, 2007 at 7:01 am ET
I have been contemplating on buying more physical gold/silver coins. Interesting emotions emerges when I visualize myself with the coins, having the actual price in mind. A gold coin would be costing me about $825, while a silver coin would be costing me about $16. The weights are the same, while the [...] ... ( more)
From My 1st Million at 33 - view blog entries - visit this blogDecember 24, 2007 at 7:01 am ET
No regular post today. I hope everyone has a happy Xmas.
This is a family time to get together with your loved ones, excluding your computer.
Best regards,
Frugal ... ( more)
From My 1st Million at 33 - view blog entries - visit this blogDecember 21, 2007 at 7:01 am ET
Health or career or money or family? What should one choose if one cannot get everything? Life is always imperfect (click to read my only unpopular astrology post). On the other hand, if you don’t have much money or other areas, you probably have something else more than others. You are [...] ... ( more)
From My 1st Million at 33 - view blog entries - visit this blogDecember 19, 2007 at 7:01 am ET
I subscribed to other newsletter before at Casey Research. It was pretty decent. But the Big Gold newsletter was a little disappointing, given my previous experience with other Casey Research newsletter. Like many other newsletters out there, there are more talks than analysis. Especially since it’s a gold newsletter, getting into [...] ... ( more)
From My 1st Million at 33 - view blog entries - visit this blogDecember 18, 2007 at 7:01 am ET
Are there any good mechanical engineers out there to join me for a new invention?
Video-taping my children has become a pain in the arm. I have thought about this a couple of times. If a person can mount the camcorder on the shoulder (probably not on the head due to a weird feeling), [...] ... ( more)
From My 1st Million at 33 - view blog entries - visit this blogDecember 17, 2007 at 2:00 pm ET
Thanks to the reader westwest888, here is the Xmas party information for Freddie Mac. After losing billions of dollars and diluting shareholders’ stake, the GSE (government-sponsored enterprise) is throwing a Xmas party at the Ritz Carlton, McLean, VA.
I wonder how shareholders will receive this. Oh, and it’s in your S&P500 ETFs too.
Here is [...] ... ( more)
From My 1st Million at 33 - view blog entries - visit this blogDecember 17, 2007 at 7:01 am ET
What a surprise! Or maybe not. I called up a local coin store. They had really good price. But they don’t have ANY silver coins available. Except the really big dealers like monex.com, I couldn’t get the silver coins that I wanted.
The store owner told me that silver coins have [...] ... ( more)
From My 1st Million at 33 - view blog entries - visit this blogDecember 17, 2007 at 6:17 am ET
Naysayers will be wrong.
The patriotic supporters of Ron Paul have joined hands and broke a new record in US history for the biggest donation day online. Today is the tea party day.
Ron Paul is certainly the most knowledgeable candidate on economics, and have debated with Bernanke several times. He is probably the best [...] ... ( more)
From My 1st Million at 33 - view blog entries - visit this blogDecember 16, 2007 at 6:14 pm ET
Folks,
Five hours left on the celebration of Tea Party 2007. Ron Paul and the supporters have raised over 4 million dollars in the last 17 hours. It’s really not too late to join this Ron Paul movement. And it is never too late to be part of the American History. [...] ... ( more)
From My 1st Million at 33 - view blog entries - visit this blogDecember 16, 2007 at 8:06 am ET
Today is the day of Tea Party 2007. Donate something or any amount to Ron Paul’s campaign.
There is a silent revolution going out there. In less than 8 hours today, from midnight till about now, 1.2 million dollars have been donated already. I hope that collectively we can break 4.3 million, which [...] ... ( more)
From My 1st Million at 33 - view blog entries - visit this blogDecember 14, 2007 at 7:01 am ET
Adam Hamilton is an excellent writer as a gold-focused newsletter. But that does not help you much.
My personal experience with Zeal Intelligence newsletter is that it talks about the general market conditions a lot more than individual companies. He has a risk ranking of some 30 to 50 resource companies. But that [...] ... ( more)
From My 1st Million at 33 - view blog entries - visit this blogDecember 12, 2007 at 7:01 am ET
This is a reminder that there is the last money bomb for 2007 this Sunday on Dec 16, 2007. I have pledged myself to donate $100 or more on that day at TeaParty07.com. But even if you just donate $5, that’s a mass democracy in action. Stand up and join together. [...] ... ( more)
From My 1st Million at 33 - view blog entries - visit this blogDecember 11, 2007 at 7:01 am ET
It’s near the end of year. Time to sanity check your finances.
I just pulled my free credit reports from annualcreditreport.com which is a site mandated by government to provide annual free credit reports for consumers. Since there are 3 reporting agencies, I normally just check my credit reports twice or three times a [...] ... ( more)
From My 1st Million at 33 - view blog entries - visit this blogDecember 10, 2007 at 7:01 am ET
In a bull market, it’s more dangerous to be out-of-market, rather than be in the market. The current correction in HUI looks like to be almost over, coincident to the rise of $USD.
Despite the fear in rally in $US to derail HUI, and/or a serious stock market correction due to mortgage problems, the chart [...] ... ( more)
From My 1st Million at 33 - view blog entries - visit this blogDecember 7, 2007 at 7:01 am ET
I am sickened by Paulson and Bush’s bailout plans. On the other hand, I know that this subprime/negative ARM mortgage problem is a bigger hole than anyone can imagine. Florida, orange county in California, Montana, and more pension funds and money market funds will be hit one after another. The cover-up and [...] ... ( more)
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