Excerpts from Warren Buffet Letters

So, I decided to share with you some interesting information, knowledge from Warren Buffet Letters since the 1980s. I will be sharing more as I read the letters. The following are interesting ones. Of course, if you need much better understanding and get to learn more, you should read the whole letters. I pretty much…

5 June 2017

OPEC and major Non -OPEC countries agreed on cut extension going all the way to Q1 2018. The market, however, did not respond too enthusiastically as prices had already adjusted. Instead, now, prices are down by 5% as many believe cut deal is not enough for balancing. Even low inventory levels did not help much.  My hopes…

19 May – Comeback

I decided to stick to my positions and to add more positions as oil prices were falling ( table below shows 0 positions for oil as they expired on Friday 19 May . Actual futures positions at most was 60 (aprrox. 2.4mln$ exposure), more than I had since my last post (28).) I took a…

4 May – Price paid thanks to imperfect understanding.

An important lesson learned: 1. Do not trade when you are not following the market. I was not following at all, to be honest. So trading based on previous facts which I was supposed to update with new ones brought me here. I was bullish in oil and gold for some time in the past ( i…

14 April – “Let the bombs rain” – GOD.

Trump speech on stronger dollar caused the currency to decline. It was expected speech considering the fact as Trump is trying to push for stronger and better trade deals for the country. Some reports do not have a happy ending for the positive economy. One of the major drivers of US economic growth is car sales…

07 April 2017 – no more draining the swamp?

I missed the rally in oil prices after prices sank to $47.50. An oil rig count increase week after week, rising oil inventory pushed the prices down, OPEC deal extension was under question as well. Now it seems OPEC is eager to extend the deal beyond May.  The US first direct strike on Assad regime…

29 March 2017- Novruz break + personal break

I did not do much trading for the past other than getting in for bond trading and gold for a short period of time. Positive performance was mostly due to stock bull market. If I had not traded at all, I would have made more than what I realized. I cut back on my stock…

9 March – Bad week for Gold and Oil.

I did not do any trades during the week cause I was having a difficulty of seeing the full picture. After the long rally in gold finally gold slipped to 1200$ level. I closed my positions the last week which would have been a huge blow to my performance if I had kept them. Upcoming…

3 March 2017 – Big Mouth, Less Work Done!

Covered my bonds trades after yields rose sharply while I made my losses back and got out. Uncertainty unveils on bonds for now and I don’t think I will take any position soon unless I am having a clear picture. As I mentioned on my previous blog that bond prices might move on in both direction. Demand for…

24 February 2017 – Bonds Reverse? Gold is up.

My prediction worked out right for oil and especially gas. Gold rallied by 1.5% during the week and I made back my losses in oil and gained more as well. However, my short in US long-term bonds are costing me right now. Yields have fallen on the fear of rising US stocks. I bought and…

17 February – Trump Stock Boom

The week was one of the highest stock market rallies in the past few years. Trump’s tax cut announcement that is coming within weeks based on his saying pushed the uncertain market higher. EUR: Euro followed downtrend pattern that was going on for the past two weeks and broke it on 15th February. I have…