I'm trying to not look at my brokerage account these days; in fact, I'm trying to not even look at the market AT ALL. I'm down big at the moment and hopefully have the capital to ride out the pain. Plus, I figure if those sheeple mutual fund investors can *not look* at their statements, then why can't I, right?
The other day I dumped my palladium at $226.00 or so. That I bought around $390.00 last year. This trade was made reluctantly to free up some funds in my futures account. Watch that thing skyrocket to $1,000 now!
I dumped my ultrashort long-term Treasury position at I think 49.75. This was a good sized position and I figure if TBT runs 20 points, I should do okay with my SRS and FAZ *investments*. Ideally I'd hold it but I needed to take dough some off the table. Hopefully, I'll be able to re-enter TBT at decent prices in the future.
And I did add to FAZ yesterday at 5.26 or so. My break-even must be around $14 now.
I also dumped my small DELL position this week (sold at 12.20?). That was a profitable trade I initiated in the fall/winter. Again, I'd look up and relay the precise details, but that would entail logging into my account and seeing the ugly balance.
The fed inspector general admits she has no idea what the Fed is doing...
ReplyDeletehttp://www.huffingtonpost.com/2009/05/06/fed-inspector-general-kno_n_197934.html
Kfell
Did you see the PAL results? Their mine is still on care and maintenance. Hard to believe the stock is close to $3. Palladium is a commodity, gold is money. Money gains in deflation. Please examine the respective charts.
ReplyDeleteAs for platinum, it is scarcer than most realize and it is also concentrated in South Africa, a nation that recently revealed it has serious electrical supply infrastructure problems.
I am not a fan of mining companies. I've lost too much money in them over my career. Jim Rogers asserts that sector is the worst-performing in the history of the stock market.
ReplyDeleteThat being said, sometimes you have to buy them to get some, albeit imperfect, exposure to the undelying commodities.
I dumped my palladium but still own a little SWC and an insignificant amount of PAL. Will look closer that the latter if I get a chance. Thanks.