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Friday, July 15, 2011

Hello, beautiful summer time

It’s been kind of a crazy week I am telling you! I tried to get all of my things done before going to vacations: paying my bills and my bus ticket, a little bit of shopping. At a point, I was almost desperate when I couldn’t find my bathing suit, but I finally find it, it was somewhere in my bunker box. My one and half apartment is well located in the Plateau Mont-Royal, closed to Mont-Royal Avenue, Park Lafontaine and St-Laurent Boulevard. It’s the dream location, but the dream comes with a price and a tinny space to live in. It’s not that bad. With a bit more of organization, I could make it more enjoyable but I never care about getting my apartment in order. When my mom came last February, she brought a TV and some stuff she wanted to install for the windows. It’s cute yes, but the TV is taking places and I never watched it anyway.

You absolutely have the read the exchange I got with John under My Debt section. John is an accredited investor that got the privilege to meet Jean-François Tardif while he was a hedge fund manager for Sprott. If you don’t know who is Jean-François Tardif, click here. The article would need to be refresh and/or proofread, but it’s something I keep as an ongoing project.

In the meantime, this is my last day of work before going in vacations! I am exciting! And I realize, while looking everywhere for my bathing suit, that I may not have go swim for quite sometimes. Time passing by like if I would be on a jet plane. And it’s not like I am going a lot but all mix together, I have even more than you can imagine to handle right now. The beautiful weather is making it even harder. And we got that beautiful wind downtown Montreal right now. LOVE it.

Remember that I wanted to make a deposit of 2 000$ on my 10 000$ credit line? Well, it did not happen for several reasons. I had spend some money and I am certainly at something like 1 000$ in expenses of all sort. Nothing I cannot pay off, but this mean there won’t be any new investment certainly not before the end of the summer lol! What I did with the money? I had bought some clothes, been eating out a lot, went to the movies, etc. etc. etc. :0) Just because it’s the summer. So what I did with my paycheck of yesterday is that I made a 1 000$ deposit on my margin account. When I come back from vacations, I will see how thing goes and following what I may place that 2k deposit on the 10k credit line. But that 2k deposit is no big deal and is not really important. Since I won’t be around that much to follow my portfolio, I prefer to keep the money on the margin for the time I am away. I will be able to follow the market anyway, but it’s not like I will be in front of my computer from 9:30AM to 4PM. Not!!!

Currently, my non-registered portfolio is almost at 112k, which is very good. I had received some interesting dividend! You can check them out here.

Watch out! Silver is (AGAIN) rocking the place!

Other than that, my silver investments are doing well! First Majestic Silver Corp (FR) is exceeding the 21$, Sprott Physical Silver Trust ET (PSLV) is getting closer to the 22$ of the BEFORE silver crash... PSLV is at 18$+, as well as the Sprott Physical Silver Trust UTS (PHS.U). Those are good signs that things are getting better BUT, I still stuck with the Horizons BetaPro COMEX Silver Bear Plus ETF (HZD). Good to me, I learn my lesson. No more day trading like this. It was about time because I began to regret selling my units of Enercare hold in my TFSA just to trade silver on PHS.U. But I won’t regret anything because here how it went:

In my TFSA, my original investment in PHS.U was of 3 114$. The same investment now worth more than 3 500$. Some people had aggressively dispute my silver investment in the past here in blog comments. But you now have the proof that I was right and YOU were wrong. You got to know who is Eric Sprott. Eric Sprott was right about silver and was right about almost everything. In my mind, Timminco is just a souvenir. I am just hoping this will continue this way. Let’s welcome the silver $$$!

My investment in Sprott Physical Silver Trust ET (PSLV) is more recent than PHS.U. My initial investment in PSLV was of 3 075.16$ and is now of 2 857.40$. I made my first investment in PSLV shortly before the silver crash, this explains why. I also invested a second time in PSLV when the units were at something like 16$. So a mix of 22$ + 16$ units help to re-establish the value of the investment.

It’s just very unfortunate that a silver crash has to happen, but I am confident I will be able to cash big again on silver. This time, I am leaving the silver where it is, I won’t trade it as much as before. BUT trading PHS.U had been very very fun!

Special mention to Horizons Gold Yield Fund (HGY.UN)

I had been holding Horizons Gold Yield Fund (HGY.UN) since their initial public offering. I had purchased my units at 10$ each. But since the moment HGY.UN hit the market, the investment never hit back – or barely never – got back to the 10$ per unit. I had been happily receiving my 10$+ in dividend distribution, but my investment in Horizons Gold Yield Fund (HGY.UN) never gained some value. But today, a “miracle” happens: Horizons Gold Yield Fund (HGY.UN) hit the 10$ per unit! This is happening because I am going on vacations. That’s why ok. I am thinking about selling a part of my HGY.UN holding right now but I won’t.

It’s now official, Horizons Gold Yield Fund (HGY.UN) closed Friday July 15, 2011 session at 10$ per unit! It was about time. Thank you HGY.UN. THANK YOU. :0)

Have a nice summer, I am going away for 2 weeks. I may or may not blog during that period. Thanks for your patience. In the meantime if you miss me, you can read all over from 2007 to present :0) Summer time is always too short. Bye for now.

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