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    Wednesday, March 26, 2008 Is silver really in shortage? (2 clicks)
From My 1st Million at 33 - view blog entries - visit this blog
March 26, 2008 at 8:01 am ET There have been several reports of people not being able to buy silver coins at the local dealers. Initially, I bought into their story of silver shortage. However, after more thoughts, I am not so sure if that is really true.
The current shortage in silver seems to be caused by the minting capacity [...] ... (more) Tuesday, March 25, 2008 Danger zone may be over for stock markets (6 clicks)
From My 1st Million at 33 - view blog entries - visit this blog
March 25, 2008 at 12:05 pm ET Just a short message.
You may consider getting back to the markets when the markets pull back from the coming earning announcement season.
Today since it’s down a little, do some light pecking if you will.
There is still a possibility of going even lower this year as suggested by BillCara.com. But the chance of that happening [...] ... (more) I made it to Peter Schiff’s seminar (5 clicks)
From My 1st Million at 33 - view blog entries - visit this blog
March 25, 2008 at 4:20 am ET It’s kind of weird to see a person on TV in person. But anyway, Peter Schiff looks just like how he is on TV.
I thought I may be able to hear something new in Schiff’s seminar. But he simply went over his standard set of arguments and viewpoints.
1. Bad mortgage and housing bubble [...] ... (more) Monday, March 24, 2008 From My 1st Million at 33 - view blog entries - visit this blog
March 24, 2008 at 8:01 am ET For those who have missed the HSBC 5% cashback credit card offer, I must say that it’s a great pity. Like the previous citibank dividend platinum card which eventually had its 5% reduced to 2%, I’m a little afraid that the 5% cashback on my HSBC credit card will eventually go away. Quite [...] ... (more) Friday, March 21, 2008 Gold markets took a swan dive (14 clicks)
From My 1st Million at 33 - view blog entries - visit this blog
March 21, 2008 at 8:01 am ET Geez, that hurts (a lot). I should have acted according to my own mathematical model.
I really thought that PM markets were in the major wave 3 in Elliot wave. Now I’m not so sure. If the recent peak is the termination of major wave 1, there will be quite a long correction [...] ... (more) Wednesday, March 19, 2008 Pre-expiration Rally (6 clicks)
From My 1st Million at 33 - view blog entries - visit this blog
March 19, 2008 at 9:25 am ET Options are expiring this week. It appears that markets are trying to get shorts to cover.
However, it is indeed possible that we have seen the low for the year. The rally seems to have legs, even though I don’t think the markets can go too much higher than 1380 to 1420 on S&P [...] ... (more) Tuesday, March 18, 2008 Better be a one full percentage cut (13 clicks)
From My 1st Million at 33 - view blog entries - visit this blog
March 18, 2008 at 8:01 am ET Today is the Fed meeting again. I hope they will cut 1%, because I just don’t want to imagine what might have happened without such a big cut. The financial world is literally falling apart. And bringing down the economy into depression is no fun at all for anyone.
Savers obviously will be [...] ... (more) Monday, March 17, 2008 From My 1st Million at 33 - view blog entries - visit this blog
March 17, 2008 at 8:01 am ET Well, actually it’s probably going to be less than $2, since JPM will probably fall on Monday.
BSC is the 5th largest brokerage company in America, brought down by the housing bubble created by Greenspan & company. These are the financial innovations on Wallstreet, creating bonus and money out of toxic loans.
Gold and silver both [...] ... (more) Friday, March 14, 2008 Bear Stearn almost brought down Wallstreet (3 clicks)
From My 1st Million at 33 - view blog entries - visit this blog
March 14, 2008 at 10:24 am ET Saw the news yet?!
That was a scary tape! On my screen, everything suddenly went into free fall, and then reverse.
Bear Stearn is now down more than 80% from the top, and off 43% just today. What’s gone cannot be made back. So don’t bottom pick these financials just yet. Same thing [...] ... (more) Gold hit $1000! (2 clicks)
From My 1st Million at 33 - view blog entries - visit this blog
March 14, 2008 at 9:44 am ET I guess I was just one week earlier exactly.
Yes, gold is quite high. But yes, we are also early in the wave 3 in the Elliot wave. I believe by Elliot wave count, we are in wave 1 of wave 3, and we can enter corrective wave 2 ANYTIME.
I’ve determined my wave counts [...] ... (more) Thursday, March 13, 2008 I will start my money management business (13 clicks)
From My 1st Million at 33 - view blog entries - visit this blog
March 13, 2008 at 8:01 am ET Anyone interested in having their money managed by me personally?
My current plan is to use the platform at interactivebrokers.com. Your assets will be owned under your name, and under the custody of interactivebrokers.com. I will just have the trading permission.
The fee structure will be
1. Basic fee: 1% of your account size, charged quarterly.
2. [...] ... (more) Tuesday, March 11, 2008 From My 1st Million at 33 - view blog entries - visit this blog
March 11, 2008 at 8:01 am ET I’ve opined before that a “coming” panic low in stock markets should give you another good chance to refinance or get your loan. However, things are unfolding in ways that I didn’t expect.
Yes, stock markets are going down.
Yes, treasury bonds are going up, which means that rates are going down.
But oh NO! Fannie [...] ... (more) Monday, March 10, 2008 I’m shorting index stocks (5 clicks)
From My 1st Million at 33 - view blog entries - visit this blog
March 10, 2008 at 8:01 am ET On Friday, I just shorted the stock markets via QID and SDS which should cover about 12% to 15% of my long positions. Stock markets just broke thru the necklines on a head-and-shoulder chart formation. It’s quite bearish, even with 0.75% interest rate cut coming in two weeks.
I don’t know whether I will [...] ... (more) Friday, March 7, 2008 Counter-party risk and Leverage (3 clicks)
From My 1st Million at 33 - view blog entries - visit this blog
March 7, 2008 at 7:01 am ET Back on October 13, 2007, when I tried to address Wharton’s article on “Financial Innovations: A Double-Edged Sword” via BillCara’s blog, I left the following comment on his site (back in October 2007):
Wharton’s article has touched most of the important topics related to financial innovative products. There are three other things that are not addressed [...] ... (more) Today I predict to see gold break $1000 (4 clicks)
From My 1st Million at 33 - view blog entries - visit this blog
March 7, 2008 at 6:01 am ET Obviously with gold price closer to $1000 than $900, if my prediction comes true, you or I shouldn’t be surprised. The best future price prediction is always the current price or whatever prices that are closer.
I think what’s going to be surprising to most market participants (myself included) is that gold may break $1000 [...] ... (more) Wednesday, March 5, 2008 Fremont Bank Is Going To Fail Imminently (5 clicks)
From My 1st Million at 33 - view blog entries - visit this blog
March 5, 2008 at 7:01 am ET I almost forgot about this bank which has been on my to-be-shorted list for a long time. Their shares are trading only for 50 cents now.
Today’s news on their loan default pretty much spell their death loud and clear. If you even have $1000 deposited in this bank, I would suggest you to [...] ... (more) Tuesday, March 4, 2008 My Precious Metals Targets (1 click)
From My 1st Million at 33 - view blog entries - visit this blog
March 4, 2008 at 7:01 am ET Here are my targets for the next PM top:
gold at $1130.
silver at $26.
HUI at 573.
XAU at 230.
GDX at 62.
I will reveal how I reach these numbers, but frankly, whether I arrive these numbers by the best technical analysis or exotic nonlinear mathematics, it doesn’t really matter. It’s not like if I can elaborate very [...] ... (more) Monday, March 3, 2008 From My 1st Million at 33 - view blog entries - visit this blog
March 3, 2008 at 7:01 am ET A couple of people raise objections to my solution for the housing crisis. I welcome their objection, but I just want to explain further my thoughts.
I prefer my solution of tax subsidy to all homeowners much better than the secret proposal by Bank of America, where all kinds of direct bailouts to [...] ... (more) Friday, February 29, 2008 From My 1st Million at 33 - view blog entries - visit this blog
February 29, 2008 at 1:01 am ET I think few people realize that America/the world is facing the biggest financial storm ever, and how dangerous it is for investing in stocks before a full implosion. The housing-induced credit crisis has gone far beyond anyone can potentially control, probably not even the Fed.
Reading over so many current/future proposals from politicians and bloggers, [...] ... (more) Thursday, February 28, 2008 Pounding the table about PMs (1 click)
From My 1st Million at 33 - view blog entries - visit this blog
February 28, 2008 at 7:00 am ET HUI made a new closing high of 485.9 today, besting the 480.99 mark set in January. The intraday high of 491.58 was also a record. With this new high, it is almost certain that we are in the middle of wave (3) of iii of 3 of III, first suggested here. [...] ... (more) Wednesday, February 27, 2008 Macro-Trading Through Asset Classes (4 clicks)
From My 1st Million at 33 - view blog entries - visit this blog
February 27, 2008 at 7:01 am ET I took up the challenge from Prof. Peter Navarro on his macro-trading challenge (Feb 23rd, 2008). It was a very interesting mental exercise. I must say that it took longer than I expected to complete it. You can see the answers here if you can’t find it at Peter Navarro’s site. [...] ... (more) Tuesday, February 26, 2008 The Golden Rule (2 clicks)
From My 1st Million at 33 - view blog entries - visit this blog
February 26, 2008 at 7:00 am ET Gold was weak Monday on the heels of news that the Treasure department is lobbying congress to allow the IMF to sell 400 tonnes of its gold. Here’s the original Reuters report of the planned gold sale. If we look at where the potential systemic financial failures are today, we’ll come up with a [...] ... (more) Monday, February 25, 2008 A brief review of my past recommendations (12 clicks)
From My 1st Million at 33 - view blog entries - visit this blog
February 25, 2008 at 7:01 am ET I seldom recommend specific stocks for buys or sells. The only reason is that there is simply nothing that can guarantee you, my readers, 100% certainty with profits. The other thing is that while I can suffer huge percentage losses without disrupting my daily financial matters, you may not be able to take [...] ... (more) Friday, February 22, 2008 Getting Rich by Generating Wealth (18 clicks)
From My 1st Million at 33 - view blog entries - visit this blog
February 22, 2008 at 7:01 am ET I came across an excellent article while web surfing on How to Make Wealth. The article is extremely long, but the author is very impressive and had such a good understanding of the money matter.
Here are some key excerpts from his article:
1. Why is joining a start-up or starting up a company a good [...] ... (more) Wednesday, February 20, 2008 Money outflow from both stocks and bonds (7 clicks)
From My 1st Million at 33 - view blog entries - visit this blog
February 20, 2008 at 12:24 pm ET So we have stocks failing to rally, and bonds falling in values. This is just NOT GOOD. Most of the bonds are falling in value due to credit crisis, but now treasury bonds are also falling due to today’s inflation report. We now have a deflation going on in both stocks and [...] ... (more) Items 70 - 94 of 159
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