Themickey's Journal

themickey said:
I'm Dutch born but lived all my life in NZ and Australia.
Hunting was my predominant sport in NZ, deer, pig, goat and I prefered hunting on my own for deer especially, much higher success rate when quietly stalking in bare feet, when getting close to the prey.
These days I would not consider hunting as a sport, have turned into a softy and embrace wild life.
Love fishing (more armchair fisherman) Today we get the keys to a new house, moving close to the beach in outer Perth, Western Australia, deep water, not far from a sheltered boat ramp, I own 2 kayaks, one has a sail which I imported in from USA (Falcon Sail)
Toying/mulling with the idea of making a room available for holiday short stay ET traders who wish to visit.
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Congrats on the new house! Sounds like a great idea having a room for visiting ET traders. I have traveled alot and lived in Panama...Mexico..Belize..Honduras. Travel to Guatemala..El Salvador and visited Argentina. In Belize hunted jaguars back in the day when it was legal. Don't like hunting anymore, at all. Don't like killing wildlife anymore. But for some reason still like fishing.

I have a friend who is Dutch but lives in Canada and had a construction business which his sons basically run today. His thing lately has been coming up with inventions to solve problems or make life easier in the construction field. I don't know many Dutch people but the ones I do are very pragmatic people and know how to make money. And have a strong work ethic.

I have for years wanted to visit Australia. Perhaps one day I will. I have never seen so much beef cut and cooked in different ways as in Argentina. They are a real layed back society who loves long siestas and sipping on wine while eating beef. Friendly bunch of people. But tend to be be dreamers and less pragmatic.

I love mexican food. Love the spices and hot chili's. Have many friends in Latin America even if i am not a people person. Americans are about the most arrogant people I know and i am one. Mexicans about the proudest people I know. My opinion.
 
Moved into new house yesterday, life will be painful next few days while attempting to unpack and put away, never mind the trying to find stuff exercise.
My modem was down but just got that up and running and see that gold now appears to be a buy.
Bought at market the following positions 10 minutes ago....
EVN MIN NCM NST RRL SAR SBM.
All positions are gold miners bar MIN which is more a mineral processor, however they appear to do some mining (which I wasn't aware of previously) in iron ore, lithium and manganese.
 
Forgot to mention, yesterday I bought Fortescue Minerals Group, FMG.
Today after the market opens I will be buying Rio Tinto shares.
These along with Mineral Resourses MIN, which was purchased recently are iron ore/mining plays.
Into accounts #2 and #3, approx sizes trading atm, $65k per position.

After today, positions held will be:
FLT, LNG, WOR, MLX, ORG, SFR, PPT, WHC, EVN, NCM, NST, RRL, SAR, SBM, FMG, MIN, RIO

Airlines
Natural gas
Copper
Financial/bank
Coal
Gold
Iron ore
 
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Sold FLT, Flight Centre a few moments ago. Just took the money and run.
19% profit, 6 weeks hold time.
This trade buy was not my normal type trade, on Amibroker I designed an algo a year or so ago which can find opportunistic trades. I tend not to consult this algo much, but there was a period back a bit where nothing much was happening on the resourses stocks scene, so instead of remaining bored and on the sidelines took a punt which paid off.
 
https://www.elitetrader.com/et/threads/the-acd-method.170318/page-1367#post-4487592
I mentioned in this post that copper has been a slow slog.
Copper, gold and iron ore prices have been rising steadily on the world markets yet in Australia we are seeing related stock prices either stagnant or falling. Seems very weird and surprising but I think the blame could rest with the AUD which has been very strong marching up each day from the beginning of June, through major resistance created from 2016.
Anyhow AUD cannot keep going higher forever, hopefully I will see some benefits shortly on all my resourse positions and overseas money will begin to flow in again to the Australian market.
 
Sold Worley Parsons on the belief oil is heading down again. Breakeven result on profit.
Will continue to hold Origin Energy and LNG as they are gas plays and acting a little like defensive stocks.
Gold and copper prices still rising but lacklustre returns so far on my Aussie positions as the strong AUD seems to be causing a drag on Aussie resourses atm.
XGD which is the Aussie gold index is rising nicely so far today but overseas gold is looking a tad weak and am watching in case it tips over downward in the coming days.
 
themickey said:
Sold Worley Parsons on the belief oil is heading down again....
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Crude oil popped up 4.77% overnight for us mortals down under and making me to look silly with my comments of yesterday?
Well yes and no, it would be nice to screw a little more profit from Worley Parsons which I sold yesterday but I'm calling this a dummy rally and I won't be drawn into it.
A dummy pop at the top of this leg. Down from here is my call.
Bold and brave words, lets see how this pans out. :)

Very large spike up in copper overnight.
Iron ore continuing to rise.
Gold price had small pullback overnight but my call is this will continue to rise, no threat on the horizon yet.

Positions currently holding:
LNG, ORG, MLX, SFR, OZL, WHC, EVN, NCM, NST, RRL, SAR, SBM, FMG, MIN, RIO

Natural gas
Copper
Coal
Gold
Iron Ore
 
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Today finally a decent day on Australian resources returns...

NATURAL GAS POSITIONS:
LNG + 1.68%
ORG + 2.67%
COPPER POSITIONS:
MLX + 5.96%
SFR + 8.19%
OZL + 10.72%
COAL POSITION:
WHC + 3.1%
GOLD POSITIONS:
EVN + 0.45%
NCM - 1.75% (minus)
NST + 0.46%
RRL + 0.51%
SAR - 1.83% (minus)
SBM + 0.00
IRON ORE POSITIONS:
FMG + 4.74%
MIN + 1.85%
RIO + 2.62%
 
Bought today on open
Bluescope Steel, BSL. This to add to my iron ore/steel holdings.

Also bought into telecoms...
Chorus CNU
Speedcast SDA
Spark SPK
Expecting a spike up in telecoms today, if the action doesnt look convincing I intend to exit these positions on close today.
 
Today just after open sold all gold positions, iron ore/steel and some copper and the coal position.
In terms of overall profit, nothing spectacular, I hit headwinds due to the strong AUD which held back the gold index in Australia. Nevertheless, profit nonetheless which is better than a loss.
Reason for selling: My home made gamblers tip sheet indicates gold is into another downtrend, lower highs and lower lows. Also the mining indexes coming off the boil, USD Index appears it wants to recover some lost ground and heading back up.

Keeping the telecom positions, natural gas and Sandfire Resources. All these are showing a marginal loss atm but are more in recovery mode rather than exhaustion phase. Also I see these more as utility stocks and so not in a rush to divest my portfolio yet of these.

Therefore as now, holding the following:
Telecoms - CNU, SDA, SPK
Gas - LNG, ORG
Resources - SFR

I have to admit, this last run on resources was a tough gig, gold and copper prices were rising overseas while in Australia they were either coming down or stagnant. Was not easy to live with that but still managed to put some money (about 5% overall) into the kitty.
 
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