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jaro gruber ;-) investing, gold, silver, inflation, internet, blogging, trading, CFDs, financials, economy, commodities, renewable energy, coffee, orange juice, jim rogers, larry williams, swindling democracy in western democracies, stupid politicians + their small dirty central banks, FED,... More
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  • My performance in 2010 + outlook for 2011.
    Folks, a great year is over, the stock-exchanges in Germany closed on December, 30th already at 2 pm.
     
    Well, already 2009 was a great (after-crash) year, but 2010 was a mere frenzy for my accounts! Guys, I've made more in the markets than in my office job, much more, approximately 1.5 times more. Please don't think about the term 'trading for living' because I'm not going to do that in the near future as it is a big difference between having to earn money and to withdraw money for living each month out of the accounts on the one hand and just playing with surplus money in the markets on the other hand, u know? I still can't believe my success in the markets! Because of my perspective of the financial/economical world out there and my outlook for 2011 I'm not going to sell (m)any of my hero-performer-stocks any time soon, so the most profits are still fictive right now :-)
     
    What happened 2010? My market outlook a year ago was right and so was my strategy! Yep, we had an inflationary hard assets rally as commodities and commodity stocks rallied like crazy. In my opinion it is no wonder facing all that stupid bailouts, stimulus packages, quantitative easing and other similar fraudulent interventions. It doesn't looks like if there is a major change for better to the current investment environment soon, so despite the much higher commodity prices I don't have to adjust/change my old market outlook a lot if at all [who wants to read part c) in last years blog?]. It is amazing to read old stuff after the time has proven what was right and what not, isn't it?
    • My micro trading account: commodity CFDs (natural gas, silver, wheat, orange juice, coffee, sugar, corn, rice). I've often managed to increase my positions on dips in the huge uptrend. Of course, I've sometimes exited the markets too soon and the after a short correction climbed the prices much higher without my involvement (sugar, coffee). What about performance in numbers? My account is up 344% as I've withdrawn 12k out of an 4.3k account during the year and there is still 7k left. I will update the 'final' numbers when the US market closes tonight => +347.80% in 2010 :-)
    • My investing account: mining stocks (approximately 95% of all funds I think), energy stocks, agriculture/food stocks, call options for oil, one water ETF, one new energy ETF and few technology stocks. I was lucky to increase my holdings many times this year, especially in August before the gold/silver rally started. I hope those of you who followed my opinions/ideas and have chosen few of my picks for yourselves don't complain too loud, there are not many mining stocks among them which increased less than 100% in 2010. Therefore it was not too difficult to grab a big portion of their moves i think :-). Well, let's mention few of my top performers: rio alto mining (a 33-bagger since December 2008), novagold (21-bagger since December 2008), 1st majestic silver, orko silver, silver wheaton, u.s. gold, u.s. silver, megastar development, andover ventures, western potash, commerce resources, aquila resources, zimtu capital, xstrata, rio tinto, endeavor silver, fortuna silver, source resources, vg gold, cardero resources, amerigo resources, levon resources (19-bagger since February 2009), sabina gold + silver, minera andes, alderon resources, mirasol resources, rubicon minerals, dundee precious metals, hecla mining, paramount gold + silver, bhp billiton, great panther silver, adamus resources, 1st quantum minerals, source exploration, altona mining, energold drilling, premier gold, scorpio mining and few others. What about my performance in numbers? It's too difficult to compute it as I hold my positions usually longer than a year and I continuous increase my positions if there is some fresh money available like recently in August + November. The current balance of all open positions is +86.56% and my portfolio is posted on my website anyway, so if you are really interested in it shouldn't take you more than 3 minutes to find it :-)

    Let's look forward to the year of the rabbit, let's look forward to 2011 and ...

    ... let's create a happy new year :-)

    Final update after the market closed: the commodity markets were up a lot yesterday and all my trading positions were 'green'. It was one of my top 10 days ever I think. My highest gains were with gas + rice for a daily profit of 13.39% => the performance of my micro trading account in 2010 was +347.80%

    PS: It's just crazy that after my stocks closed the year at highest level ever on Thursday, also my CFDs rallied on Friday in the very last trading session in 2010 to my personal all-time-high ;-)

    PPS: There were many reasons for my success in 2010, see the probably most important in the chart below:
    silver in 2010 (source: onvista.de)

    (my favorite markets rallied like crazy ;-)


    Disclosure: I am long SLW, NG, UXG, GG, BHP, OTC:XSRAF, RIO.

    Additional disclosure: I'm currently long all companies mentioned in this blog post :-).
    Jan 02 5:07 PM | Link | 2 Comments
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