15 September 2017 –

The week was remembered as oil moved higher as Refineries was reopening after the Hurricane Harvey. I bought more oil positions and sold most of the gold. I still think gold has the room to go but I will be cautious in the short term. Euro traded a bit lower but I presume the end…

8 September 2017 – Hurricane Irma week

Both of my predictions about oil and gold prices turned out to be right as both rallied further. I took positions in both asset classes and closed some of them during the week. After Hurrican Harvey is gone, South East US is being threatened by another catastrophic Hurricane – Irma. At the time of writing,…

2 September 2017 – NK: “US no need to worry!”

Well, My portfolio did not do much return as I had completely been away from checking international events and focusing on equity investments. As predicted earlier, oil corrected itself but did it more than I expected to fall from 50$ to 46$ for WTI Oil.  Luckily I had closed my positions and got back in…

July 31 – Biggest gain in two weeks, Drama in WH continues.

Vacation paid off. As Soros says and I am paraphrasing it is that “most of the time I am successful is because I am not checking the markets too often”. I came back from a week long vacation and during the period oil and gold rallied as  I predicted. Now, WTI trades around 50$ which…

14 July 2017 – Trump is on Fire! Again.

The week was positive mostly for oil prices. Holding to my positions paid off. I have not decided what steps to take next but in the long run, I am still bullish on oil. EIA ( Energy Information Administration) anticipates rising oil production the next year, however, it was below the expectation. Oil prices moved…

7 July 2017 – G20 meeting, Oil is lower again.

During the past one month, oil prices fell further and rebounded again and fell again. During the first fall I kept adding more oil futures as it rebounded, I made back all losses but decided to hold on to half of them in anticipation of future rise, but it did not materialize. In the long…

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…