Graeme NewingMonday 18 April Today I sold out of BEAR at $17.79, a sizable loss on the $19.36 I had paid in February. This gave me room to buy some stocks that I had identified previously, being: Hannans Reward (HNR) at 1.7¢. Ooh!Media (OML) at $5.06 (why do they allow such stupid names!). Parmelia Resources (PML) at 9.8¢. … Read more
Sunday 17 April Commodities Gold is consolidating after its breakout from the multi-year down-channel. Silver looks as if it might break out but has not yet done so. Of the base metals, copper, zinc and tin broke short term downtrends some weeks ago (but not lead, nickel and alumiunium) but it is too early to … Read more
Saturday 16 April Another huge week with the trading portfolio’s return on funds up 22%, so that the YTD return on funds is now 54%. Awesome! Open the graph below and have a look – the line has gone near vertical. Gains of 47% and 50% were seen in the EDE/TAS twins, so that between them they … Read more
Thursday 14 April Earlier this week I injected some cash into the trading portfolio from sale of some assets outside of the portfolio, and used the funds to buy additional shares. They comprise: Panoramic Synergy (PSY) at 9.9¢. Redflow(RFX) at 37¢. Southern Cross Electrical Engineering Ltd (SXE) at 44¢. Sayona Mining Ltd (SYA) at an average of 3.81¢. … Read more
Sunday 10 April Background Nothing of note occurred in commodities In currencies, the Japanese Yen took a hike and broke up out of its recent trading zone, otherwise little of major significance. Most stockmarket indices remain in bear market rally mode. Stocks The big four banks and Macquarie are testing or on their way to testing their … Read more
Saturday 9 April What a phenomenal week! The All Ords dropped 56 points but the portfolio was up 16%, so that the YTD gains are now 32%. There were outstanding gains in carbon nanotube hopefuls EDE and TAS, up 55% and 62%, respectively, plus excellent gains in lithium hopefuls LIT and PLS, up 45% and 36%, respectively. … Read more
Friday 8 April Yesterday I purchased CXO at 4.2¢ and NAN at $2.14, both based on their charts. I am now fully invested and if I want to buy something else I will have to sell something. Not a good position to be in really but it can’t be helped. Core Exploration (CXO) is exploring … Read more
Tuesday 5 April Yesterday I was keen to increase my holding in TAS, given the breakout in EDE. To do so I had to sell something and I chose three under-performers, being CVT, GOR and PNR. – CVT was purchased in February at 44.1¢ and was sold at 32.3¢, which was a huge loss. – GOR was … Read more
Monday 4 April Commodities In my absence from this blog over the past two months, gold has broken its short term downtrend line but silver has not. In base metals, copper, zinc and tin have broken short term downtrend lines but lead and nickel and aluminium have not. Iron ore (currently $54) has clearly broken its downtrend but … Read more
Sunday 3 April At the end of the week the portfolio was up some 16% over the financial YTD, ahead a little from the 14% increase as at 5 February when my previous posting was made. At that time the portfolio was 77% in cash with only three equity positions, being AKP, FIE and LIT. The portfolio has … Read more
Sunday 3 April We are now renting temporary accommodation in Newcastle and so I can resume posting articles on my blog.
Sunday 28 February I haven’t posted anything for some weeks as I have been too busy doing other things, including selling our house and trying to buy/rent elsewhere. When I emerge from this period of my life in a month or two, I will resume work on this blog and hope to expand it to … Read more
Sunday 7 February Commodities Gold (pm fix $1,150) has rallied to the extent that it is seriously challenging its downtrend, but as always a number of interpretations can be made so the picture is not entirely clear. A move to $1,250 would clarify that we have seen the bottom. Silver (pm fix $14.91) has rallied too but … Read more
Saturday 6 February The value of the portfolio fell almost 4% last week, taking YTD gains down to 14%. Significant falls were suffered by most of the stocks. Much of the remaining portfolio was sold during the week, mainly on price breakdowns, leaving just two significant stocks, being AKP and LIT. The cash position is … Read more
Sunday 31 January Background Again, most commodities rallied during the week but all remain in their downtrends. Bond prices continued their rally. Indices rallied during the week, with the exception of Shanghai which fell through crucial support. As far as I am concerned, until I am convinced otherwise, the world has entered a bear market. No doubt … Read more
Sunday 31 January The portfolio lost another 1% in value last week, to finish up 17% for the YTD. No transactions took place. Portfolio 160129 Price movements in week Graph of portfolio gains financial YTD
Sunday 24 January I sold a heap of stocks on Monday (BPF, BRN, PSZ, PXS, SMA, UBI and half the GMM) on the basis that most had tentatively broken support and also that the All Ords had broken its support. In the event the market has subsequently rallied. It looks like a market collapse has been … Read more
Sunday 17 January 2016 The portfolio lost a little ground last week, dropping just over 1% in value, which was not a bad performance given weak equity markets. During the week I sold the holding in BIG and bought into MNS. Portfolio 160115 Price movements in week Graph of portfolio gains financial YTD I will have … Read more
Sunday 17 January Background Except for gold and silver, commodities continued their slide last week with new lows in copper, tin and oil. No change to my bearish view at this point. In currencies the US$ continued in its consolidation zone but the Yen looks ready to break upwards and it is the Pound, not the Euro, … Read more
Monday 11 January I purchased some MNS this morning at 41¢ on the basis that on Friday they had broken their short term downtrend within the medium term uptrend. Today they finished at 42¢. I include below today’s chart. A brief summary of the fundamentals can be found by clicking on this MNS 160111 link. .
Saturday 9 January Background An interesting week with major falls in most asset classes except in gold. But the rally in gold has not yet cut its downtrend, and silver hardly reacted to the turmoil at all. Base metals all sold off – copper hit a new low and tin looks like it might do so … Read more
Saturday 9 January The portfolio fell almost 2% in value during the week, to be up 21% for the financial year to date. Falls were made in the stocks I sold (see earlier post) and in fact most other portfolio stocks as well , but so far the portfolio has withstood the broader weakness in … Read more
Saturday 9 January During the week I made the following transactions: Sold the ICU holding at 17¢ on a break of trend, making a small loss on the purchase at 20¢ in early December. Sold half the FIE holding at 6.8¢ on a break of short term trend, making a good profit on the purchase at … Read more
Sunday 3 January Background Most commodities continued to consolidate within their downtrends. The only excitement was in Henry Hub gas which jumped from US$1.56 on the eve of Christmas to US$2.32 at year’s end. Still in its downtrend though. Iron ore staged a minor rally to $42.90 but is well within its downtrend. Nothing new in currencies, … Read more
Thursday 31 December The portfolio rose a little during the week, up 2%, and bringing the gains for the financial YTD to 23%. Good gains were made by C88, FCN, PXS and GMM but these were partly offset by falls elsewhere, including LIT. Biggest holdings remain AKP (16% of the portfolio) and GMM (14%). The … Read more
Wednesday 30 December Yesterday soon after the market opened I purchased shares in BPF at 44¢, in LIT at 21¢ and in PXS at 31¢. They finished the day at 45¢, 17.5¢ (ouch!) and 33¢. I had held shares in Bulletproof Group Ltd (BPF, price 45¢, mkt cap $70m) previously and in fact had sold them … Read more
Saturday 26 December Background No change to the bearish view on metals and other commodities. Currencies continue to trade in narrow consolidation zones. Global stock market indices continue bearish, in my opinion, and Australia is no exception. Australian stocks VTG () is making new highs. I just about bought these a month ago when they first broke … Read more
Friday 25 December Yes, it’s Christmas day but I have an hour or so to spare from the festivities and feasting to do what I also like to do, which is to post articles on this blog. The portfolio did quite well during the week, up 3% and bringing the gains for the YTD to 21%. … Read more
Thursday 24 December. I bought myself what will hopefully be a nice Christmas present, being more shares in General Mining (GMM). The shares had just popped to a new high of 23¢ and that is where I bought them. The previous high had been 22¢ in October. I am ignoring the earlier high of 23¢ reached … Read more
Sunday 20 December The portfolio lost 3% last week with most stocks falling modestly in price, including the five stocks sold during the week. Unfortunately most of these actually rose above my selling price by the end of the week. Cash now accounts for 44% of the portfolio value, then AKP 17%. The other stocks … Read more