Silver Wheaton that is. $34.50 no stop. The backwardation in silver suggests significant price appreciation is ahead for the metal itself and I'm slapping a $45 price target on SLW for the next 6 months.
- Posted using BlogPress from my iPhone
Monday, February 14, 2011
Tuesday, February 8, 2011
Out of Exxon
Sold ExxonMobil @ $83 (purchased @ $67), 26% total return with dividends.
Will replace with another oily major (Chevron, Conoco?) on more of a pullback.
Will replace with another oily major (Chevron, Conoco?) on more of a pullback.
Monday, January 31, 2011
Coal in my sock
Picked up a lot of arch coal (aci) for $34.1 (no stop)
- Posted using BlogPress from my iPhone
- Posted using BlogPress from my iPhone
Tuesday, January 25, 2011
New Positions, out of 1
Bought Oil Service HOLDRs (OIH) @ $144 (NS)
Bought TX Municipal Gas Bonds, @ 102.702 with 5.25% due 2017
Sold Frontier Telecom (FTR) @ 9.2, cost basis 7.6, 24% total return with dividends
Bought TX Municipal Gas Bonds, @ 102.702 with 5.25% due 2017
Sold Frontier Telecom (FTR) @ 9.2, cost basis 7.6, 24% total return with dividends
Tuesday, January 18, 2011
Needing a want
In this world there are needs and wants. The needs come long before the wants.
- Posted using BlogPress from my iPhone
- Posted using BlogPress from my iPhone
Wednesday, January 12, 2011
Commodity Stocks Going Higher
Softs, Coal, Oil -- they're all going up. Time to load the truck up.
Bought Petrobras (PBR) @ $37.39 (NS)
Bought Mosaic (MOS) @ $73.50 (NS)
Bought MolyCorp (MCP) @ $55 (NS)
Right now I'm holding tight on Gold. Waiting for the follow through before buying more.
Bought Petrobras (PBR) @ $37.39 (NS)
Bought Mosaic (MOS) @ $73.50 (NS)
Bought MolyCorp (MCP) @ $55 (NS)
Right now I'm holding tight on Gold. Waiting for the follow through before buying more.
Monday, January 10, 2011
The great off balance sheet SIV: The Fed
Today the Fed announced that is rebating the Treasury approximately $78B it made from interest on the investments it owns on behalf of the "American People".
FY2010 interest payments by the treasury were $410B. That means the Fed not only has the largest custodial holdings of treasuries in the world (~$1T) thereby providing much needed demand in the treasury market, it also materially reduces the interest payments of the United States government by the tune of 19%.
As the Fed continues to expand its balance sheet, expect interest rebates to soar above $100B per annum and likely reduce interest payments the Treasury has to make by over 25%.
FY2010 interest payments by the treasury were $410B. That means the Fed not only has the largest custodial holdings of treasuries in the world (~$1T) thereby providing much needed demand in the treasury market, it also materially reduces the interest payments of the United States government by the tune of 19%.
As the Fed continues to expand its balance sheet, expect interest rebates to soar above $100B per annum and likely reduce interest payments the Treasury has to make by over 25%.
Subscribe to:
Posts (Atom)