Housing prices appear to be statistically bottoming in the DC metro area. Year over year price trends are positive in all percentiles -- which is the first time that's happened since 2005. And inventory for sale is extremely low -- the lowest its been since housingTracker started keeping track. This is, at the very minimum, bullish for a bottom. We're not going to take off like a rocket ship -- especially with federal budget cuts looming -- but the corner appears to be turned.
http://www.deptofnumbers.com/asking-prices/district-of-columbia/washington/
Tuesday, February 7, 2012
Monday, January 30, 2012
Gold (in Euros) looking to break out
Outside of all the fundamental reasons to own gold, there are now some very good technical ones. In dollar terms, Gold has broken out of its 6 month falling trendline.
More exciting -- Gold in Euro terms has formed an Inverse Head and Shoulders on the Daily Chart and a W on the Weekly Chart.
Weekly:
http://stockcharts.com/h-sc/ui?s=$GOLD:FXE&p=W&b=5&g=0&id=p06548395061
Daily:
http://stockcharts.com/h-sc/ui?s=$GOLD:FXE&p=D&b=5&g=0&id=p54692884900
This portends for higher prices ahead, probably in combination of a lower euro and higher nominal gold prices.
We may encounter a slight pullback to $1700 as ST bullish sentiment has become crazed, before continuing on to much higher prices.
More exciting -- Gold in Euro terms has formed an Inverse Head and Shoulders on the Daily Chart and a W on the Weekly Chart.
Weekly:
http://stockcharts.com/h-sc/ui?s=$GOLD:FXE&p=W&b=5&g=0&id=p06548395061
Daily:
http://stockcharts.com/h-sc/ui?s=$GOLD:FXE&p=D&b=5&g=0&id=p54692884900
This portends for higher prices ahead, probably in combination of a lower euro and higher nominal gold prices.
We may encounter a slight pullback to $1700 as ST bullish sentiment has become crazed, before continuing on to much higher prices.
Sunday, January 22, 2012
No one ever went broke...
....taking profits.
Sold Merck (MRK) @ $39, 31% gain with dividends.
Sold AK Steel (AKS) @ $9, 26% gain.
Sold Amgen (AMGN) @ $69, 28% gain with dividends.
Sold Activision (ATVI) @ $12.10, 7% gain.
Sold Norfolk Southern (NSC) @ $77, 19% gain with dividends.
Sold Merck (MRK) @ $39, 31% gain with dividends.
Sold AK Steel (AKS) @ $9, 26% gain.
Sold Amgen (AMGN) @ $69, 28% gain with dividends.
Sold Activision (ATVI) @ $12.10, 7% gain.
Sold Norfolk Southern (NSC) @ $77, 19% gain with dividends.
Tuesday, January 3, 2012
More dividend payers
Bought Illinois Tool Works (ITW) @ $46.
Bought AT&T (T) @ $30.30.
Both are yielding more than 3%.
Bought AT&T (T) @ $30.30.
Both are yielding more than 3%.
Thursday, December 8, 2011
No More wallie chips
Sold Wal-Mart @ $59 ($50.2 cost basis) for a 26% total return with dividends. Will buy it back at lower prices.
Sold half of my Intel position @ $25 ($20 cost basis) for a 28% total return with dividends. Will buy it back at lower prices.
Sold half of my Intel position @ $25 ($20 cost basis) for a 28% total return with dividends. Will buy it back at lower prices.
Tuesday, November 29, 2011
Monday, October 10, 2011
More buys
Adding to MSCI Japan (EWJ), $9.55, 2 lots
Wrote a couple Silver Wheaton (SLW) Weekly Puts (Expire Friday), $31 strike, $0.75, 2 lots
Wrote a couple Junior Gold Miners (GDXJ) OCT Puts, $30 striek, $1.1, 2 lots
Wrote a couple Silver Wheaton (SLW) Weekly Puts (Expire Friday), $31 strike, $0.75, 2 lots
Wrote a couple Junior Gold Miners (GDXJ) OCT Puts, $30 striek, $1.1, 2 lots
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