The Eric Sprott silver investment is on the road for recovery for Physical Silver Trust ET (PSLV) and Sprott Physical Silver Trust UTS (PHS.U)

On May 18, 2011, I decided to invest again in the Physical Silver Trust ET (PSLV). At the time, the units worth 16.03$. I invested previously in some Physical Silver Trust ET (PSLV) when the units had reached its highest value, the price being around 22$. Following the silver crash, the units went from 22$ to 15$. Seem like the silver investment of Sprott is on its road to recovery. Today is a fantastic day for silver.

Sprott Physical Silver Trust UTS (PHS.U) gain 3.78% and is currently at 17.55$. It’s currently going to be exactly like I expect it, slow and consistent gain until recovery is completed, which meaning until the PSLV and PHS.U reached back the 22$ per unit.

I did not proceed with any day trading on my margin account today despite having the very wonderful Horizons BetaPro COMEX Silver Bull Plus ETF (HZU) over performing. I think the term I used here describe perfectly well the performance of HZU. It’s exactly over performing. Gains can be materializing very quickly in the silver game.

I still have 2 day trading on pending: Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD) and Horizons BetaPro COMEX Silver Bear Plus ETF (HZD). Until those 2 get cleared, I don’t think I will be day trading. I prefer to concentrate on other activities and monitor my investment portfolio during the day. And don't think you really want me to wear a Louis Vuitton bag by the way.

First Majestic Silver Corp (FR) is performing majestically well. Currently, First Majestic Silver Corp (FR) is at 19.64$! This stock price is currently exceeding the original 19.34$. I could sell now, but won’t and don’t recommend selling any of your First Majestic Silver Corp (FR) stocks at this time because this is just the beginning of a new journey for First Majestic Silver Corp (FR). The company is still young and is under expansion. Don’t forget, First Majestic Silver Corp (FR) produces the purest silver of the world... In order words: be ready for HUGE profit. And I am ready! I plan to stick and hold until this baby reach the 25$ and up. And when it will happen, you’ll thank me. I know, I am that good. :0)

My non registered portfolio had gain over 1 000$ today. This is quite HUGE as well... Silver is still hot. What is not hot however is having the French Xavier Rolet riding around this powerful investment tool that is the Toronto Stock Exchange. Will Stephen Harper continue his inactivity or will he stand up like a man for his country and stop the merger project? A French of France leadership must be avoid.

Currently, TMX Group Inc. (X) is losing 46 cents and stand at a poor 43.42$. Our TMX Group Inc. (X) can do better than that and that will be without Xavier Rolet in the portrait.

Meet Xavier Rolet, CEO of the London Stock Exchange

You might ever heard of Xavier Rolet before, but seem like Xavier Rolet is a quiet man. However, Xavier Rolet is the CEO of the fourth-largest stock exchange in the world: the London Stock Exchange. These days, Xavier Rolet, who earned more than 5 million per year as CEO of the London Stock Exchange, is the man standing behind the idea of a merger of equals between the Toronto Stock Exchange, Toronto Venture Exchange and the London Stock Exchange Group. Through this deal, the Toronto Stock Exchange and the Toronto Venture Exchange will belong to foreign authorities.

Who is Xavier Rolet?

Born in Aix-les-Bains in November 12, 1959. Aix-les-Bains is a small commune of about 30 000 population located in the Rhône-Alpes region in south-eastern France, Xavier Rolet parents were militaries who probably participated in the Algerian war (1954-1962). Algerian war was a conflict between France and Algerian independence movements. During the years that last the conflict, more than 800 000 civilians were killed by the French Armed Forces.

With the royalties earn from their contribution to the French army at the time of the Algerian war, Xavier Rolet parents allow him to study at the best universities of France. Xavier Rolet also earned an MBA from Columbia Business School in 1984 and a post-graduate degree from Institute of Advanced National Defense Studies (Paris) in 2008. This is how Xavier Rolet was able to enroll into expensive schooling.

Here on the Canadian side, the story sounds similar to the one of Brian Mulroney. As 18th Prime Minister of Canada (1984-1993), Brian Mulroney did not find better to do used his influence to accept a cash payment of 300 000$ from Karlheinz Schreiber, a German-Canadian businessman who worked as a broker for Airbus, among other. In the Airbus scandal, Brian Mulroney, who was at the time Prime Minister of Canada, accepted undeclared payment of 300 000$ to promote Airbus inside his government. The money earned on the side helps Brian Mulroney to finance the schooling of his four children: Caroline Mulroney, Ben Mulroney, Mark Mulroney and Nicolas Mulroney.

Why a merger of equals?

A merger of equals will allow Xavier Rolet to protect his own interest. Remember, Xavier Rolet is making his fortune by controlling the fourth largest stock exchange of the world. His interest in the Toronto Stock Exchange is strictly personal. Why? The merger of equals will allow him to realize his biggest challenge: reviving the stock exchange.

No to a merger of equals lead by a French man. I lived in France for a couple of years and I myself experience France people hypocrite and corrosive nature. Have a nice talk with African people, you’ll see that France is responsible for many corrosive events that happen in their history. Jacques Chirac, ex France Prime Minister is currently under investigation. Not to forget Dominique de Villepin who escape prison.

In France, Nicolas Sarkozy son, Jean Sarkozy de Nagy-Bocsa, a 24 years old, had been name head of Epad, the development agency for La Défense. Located in Paris, La Défense is an office centre with an annual budget of more than 1 billion euros. At the time of his nomination, Jean Sarkozy was 23 years old. Is it politically correct for a junior of 23 years old to be in management of La Défense? I don’t think so. Corruption is sign of selfishness and France people are among the worst citizens of the world. France has extremely poor leading figures.

French authorities are well known for being corrupted and Xavier Rolet, in his role as CEO of the London Stock Exchange is a direct extension of French authority’s corrupted nature.

Ever wonder why it’s taking time for the economic world leaders to go through the stock crash even of 2008? It’s because a sexual predator of the name of Dominique Strauss-Kahn, known under DSK, had been in control of the International Monetary Fund since 2007. The International Monetary Fund is supposed to be, according to Wikipedia an “intergovernmental organization that oversees the global financial system by following the macroeconomic policies of its member countries, in particular those with an impact on exchange rate and the balance of payments”. See, the International Monetary Fund had a lead role to play in our economic recovery but lead by a criminal of the name of Dominique Strauss-Kahn, the International Monetary Fund fail in its role.

The Toronto Stock Exchange is among one of the healthiest stock exchange of the world. If Canadians want it to remain that way, we need to say away from a merger deal lead by a French man. Quebeckers roots are yes certainly, French.

So far for the day, the TMX Group Inc. (X) title loss 1.04%.

Day trading of March 24, 2011: I sell Horizons BetaPro COMEX Silver Bull Plus ETF (HZU) at 10.22$

I am very happy since today, straight in the early stock trade morning; I had been able to sell at profit my holding of Horizons BetaPro COMEX Silver Bull Plus ETF (HZU). I sell my units at 10.22$. I made a profit of 104.01$ after commission. I am feeling better this way because this sell trade allow me to decrease my margin account usage. I could have wait for HZU to gain higher in value. HZU may probably go higher than 10.22$ in value today, but it could also not be the case. A turnaround is possible and I had experience it once. That’s how I got stuck with HZU, Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD) and HZD, while those holding were supposed to be sell on the same day. And remember, I am targeting small profit. This help in order to not be stuck in a quick turnaround.

But really, day trading is not exactly as easy as it seems, but it’s quite possible to make money with day trading, even with margin trading. On May 19, I had borrowed 2961.99$ from my margin account to purchased 300 units of HZU. I sell 6 days later. The interest own on the margin account is of 4.25%. This make around 2.62$ in interest own for that period, not even. So not bad, my trade in Horizons BetaPro COMEX Silver Bull Plus ETF (HZU) had gone very well and I can relax now.

I don’t mind holding Horizons BetaPro COMEX Silver Bear Plus ETF (HZD) and Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD) for a little while in my portfolio instead of having to sell and lose money... No way, and it’s not going to happen. My overall portfolio that is under margin is strong enough to support my day trading extravaganza. I don’t think I will be able to sell HZD today. Maybe HOD will be good for today.

Now that I had sell Horizons BetaPro COMEX Silver Bull Plus ETF (HZU), I can basically do whatever I want during day time, I am no longer a slave to the Toronto stock market. Become day trading can quickly turn your life into a miserable one, as it’s sometime not possible to sell and acquisition on the same day. At a point, I got extremely tired of the experience. Since I did not “stop working” yet lol, I am still working. During day time, I have an evening job and I usually arrived at home pass 1am in the night. I also work during the weekend at another job. It was my choice to add day trading to my activities. However, day trading will never allow you to take a break from the stock market. You cannot take a one day off or you cannot simply sleep in one morning because you feel tired or what so ever. With day trading, it’s the stock market you get the control of your life. But now, it’s all better for me as I was able to sell at profit one of my major day trading holding.

I am very proud of my holding in First Majestic Silver Corp (FR). First Majestic Silver Corp (FR) is performing extremely well and I am confident that sooner or later, I will be able to make a “majectic” profit out of First Majestic Silver Corp (FR). First Majestic Silver Corp (FR) gains today so far 4.86%, to establish itself at a very comfortable 18.35$. Life is all good. I am posting some pictures I took a couple of days ago at the intersection boulevard St-Laurent and Sherbrooke (that being in Montreal were I am located at this time). There were those beautiful tries with pink flowers. The smell of those flowers was delightful. Enjoy!

First Majestic Silver Corp (FR): The Purest Silver Company in the World is Canadian

I won’t lie; I first invested in First Majestic Silver Corp (FR) while performing day trading. Previously in May, I had invested in 150 stocks of First Majestic Silver Corp (FR) at 17.96$ and 17.95$. Shortly after, I was selling the 150 stocks at 18.64$ and 18.62$, making a quick profit of 81.51$. Following what, I invested again in First Majestic Silver Corp (FR), purchasing some stocks at 19.34$. My goal was to quickly sell the stocks at 20$. But the 20$ never came. However, I eventually came to the point of realizing that First Majestic Silver Corp (FR) was much more than just a company good for day trading.

Actually, First Majestic Silver Corp (FR) is a very good company to hold because it’s among top players in the silver game. To understand my interest in First Majestic Silver Corp (FR), I will invite you to listen to what Eric Sprott had to say about silver investment last week. Please view the video right here. 

Ok, so you listen to the entire video and now, you know that there’s not enough in silver to pay investors in real physical silver. That’s the main point of Eric Sprott interview: there’s not enough in silver to pay investors in real physical silver. This is why silver had generated nonstop profit from November 2010 to April 2011. I was in, I had day trade PHS.U and make interesting gain out of it. Previously in May, investors had experiment a silver crash but that’s because someone out there had manipulated the silver price. And could that person be Eric Sprott silver, who had sold out his very own Sprott Physical Silver Trust ET (PSLV) units for more than 36 million? It’s seem like not. The drop in silver price had been caused by manipulators who had used future options to lower the silver price. Eric Sprott selling his units of Sprott Physical Silver Trust ET (PSLV) has nothing to do with the drop in silver. And me day trading First Majestic Silver Corp (FR) title had nothing to do with the silver crash either... lol... 

This is really just like when some stupid Quebeckers of Montreal call center had fired me from BMO Bank in Montreal in order to make me fail and unsuccessful. Someone out there has the same inspiration for silver. But success and money will come despite the enemies and silver will get on the drive because no one can really stop it from being the investment of the decade. Got it?

Anyhow, the genius Eric Sprott had made his money on silver and I hope he’s happy about it. But can small investors still make money out of silver? Eric Sprott answered to that seem to be yes. And here come First Majestic Silver Corp (FR) as a major silver player, in the investment game.

First Majestic Silver Corp (FR) is a Canadian company based in Vancouver who operates many silver mines in Mexico. In April 2011, First Majestic Silver Corp (FR) had been reward of the title of "Purest Silver Company in the World". First Majestic Silver Corp (FR) reached 97% pure silver and it make FR as the purest silver company in the world. And this is where it’s getting really interesting. Knowing the rarity of silver, having a company in Canada, who can almost reached the level of 100% pure silver, well, if you want my opinion, that’s HUGE.

Also, on May 16, First Majestic Silver Corp (FR) publishes its financial result for the first quarter of 2011. First Majestic Silver Corp (FR) generated revenues of $55.3 million. And it’s looking good for FR to continue that way for the next upcoming months. At this time, First Majestic Silver Corp (FR) does not pay dividend distribution. However, it’s interesting company to hold inside an investment portfolio. And just to let you know, it’s been told that First Majestic Silver Corp (FR) will pay a dividend in 2012.

Knowing the price of silver could possibly hit 65$ by the end of the year and that First Majestic Silver Corp (FR) is the Purest Silver Company in the World, it doesn’t take that of a genius to understand that First Majestic Silver Corp (FR) is the hot stock that you need to hold in your investment portfolio. Get rich on silver or died trying.

Find all this interesting? Well, please visit this page; you’ll probably like it as much as I do. Read on and get rich.

I am now at 165 897.05$

And the only reason why I am at 165 897.05$ is because I had decided to experiment day trading. I had played with 8 065$ in the following: Horizons BetaPro COMEX Silver Bull Plus ETF (HZU) (2 898$), Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD) (625$), Horizons BetaPro COMEX Silver Bear Plus ETF (HZD) (2 792$) and First Majestic Silver Corp (FR) (1 750$).

I had experimented day trading had following this week, I won’t be tempt to do any day trading anymore until I get my trade completed in HZU, HOD, HZD and FR (until I decided to sell at profit). It’s something I need to experience for the heck of it. I could have sell HOD this Friday as well as HZD, but I decided to wait. I could had sell, but at no profit, even at a little loss. But I decided to hold until a better opportunity come because despite very high of margin account usage, my portfolio is strong enough to support it. I reached the extreme limit of what I could handle. Day trading more at this time would be very dangerous.

Day trading had been fun for the time it last, but day trading during the day does not leave any free time to do anything else during the day. Currently, I still hold HZU, HOD, HZD and FR but I have to say, this situation is not easy to handle because my goal was to sell on the same day when the purchase was made but in 4 times now, my timing was wrong. So will I do day trading again in a close future? NO WAY... Because it’s very disappointing when a sell cannot be done on the same day. Timing the stock market is way too much dangerous. On Friday at a time, HZU AND HZD went down around the same time. But usually, when one is down, the other is up... But that didn’t happen exactly like that on Friday... and also, HOD, I could have sell. At a point, HOD reached the original 6.65$ at which I had purchased it, but if I would had sell at that time, I wouldn’t had made any profit, and on top on that, i would had left something to pay on for the 9.99$ broker commission fee. All this today that what was fun at the beginning turn into something very handicapping, in the sense that I cannot concentrate on blogging or doing anything else during day time now until I sell HZU, HOD, HZD and FR. Because I need to there in front of my laptop to monitor the stock market and see if a price eventually reach my standard and then sell... I could set an automatic sell order of course, but the stock market being so out of control, it could happen I miss the sell by just one cent. Example, I set myself a sell limit price of 7$ for HOD. During the day, HOD hit the 6.99$ and not the 7$, well, too bad, but the sell order if being set for 7$ won’t go through... Frustrating... yes... But also, another problem being a question of timing as well from my part, it could happen a miss a sell opportunity because I am not quick enough but so far, I had been pretty good for that part and TD Waterhouse trading platform is extremely reliable, really excellent for day trading.

All this could be seen as very stupid coming from my part but fact is, I was looking to generate small profit only to add to my dividend income. But now, everything is pretty much out of control.

Well, not exactly because if you ask me if I can do a profit out of Horizons BetaPro COMEX Silver Bull Plus ETF (HZU), Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD), Horizons BetaPro COMEX Silver Bear Plus ETF (HZD) and First Majestic Silver Corp (FR), well, my answer is yes, definitively, I will be able to generate a profit out of those investments. I am very confident about that. It’s just it’s something very difficult because during day time, I need to monitor minute by minute all of those 4 investments to see if a good sell opportunity is presenting. While doing so I cannot blog, I cannot write article for HubPages, I cannot go to the library, I cannot go take a walk to the park. I have to stay home dirty in my pyjama and all day long, all I do is refresh, refresh, refresh. Sound interesting? Truly not. Especially now with the wonderful weather we are having now in Montreal. But this was the price to pay for the willingness to make money from day trading. Do I enjoy day trading now? No, truly not. After spending the day in front of my laptop, I have to go to work for my evening shift. Hello misery!

There’s no easy way and my day trading experience have basically become a nightmare. I am not afraid to say it as clearly as that. But, the nightmare is not that bad. I do what I wanted, which was to experience the day trading and I personally needed to go through this because the temptation to make money was way too high. It’s something I may do again however, but with one investment at a time. Like right now, I am stuck with 4 day trading investments and it’s kind of becoming too much. So if it happens I want to satisfy myself again with a disturbing sense of wanna-make-money-from-day-trading ever again, it will be one investment at a time. Not 4 at the same time. Never again ok, never again.

I had been a bit disturb by my fantastic Sprott Canadian Equity Fund who had loss more than 1 000$ in value. I am basically back close to the original 7 000$ I invested in the fund back in 2008 and I don’t like that at all. Also, my portfolio had loss some great value because my fantastic Sprott silver had loose value. I hold Sprott silver in my RRSP, TFSA and now, in US dollars. So yeah, Sprott silver all the way, ok, but I want profit. Is that hard to understand?

lol...

But you have to understand me. I had been holding Sprott silver since November 2010. Between November 2010 and April 2011, silver had rock my world. I had purchased, sell, purchases Sprotts ilver units. I was in heaven. My units hold in Sprott Physical Silver Trust UTS (PHS.U) worth SO MUCH at that time! It was so fantastic. From 22$ to now the 16$ per units, yeah, the silver correction had hurt the value of my portfolio.

I was very happy when I listen to Eric Sprott latest interview (that you can listen in post below). All what he said make so much sense, was making so much sense that the only thing right I find to to was to invest in Sprott Physical Silver Trust ET (PSLV) again. And so I did, and I don’t regret it. Silver will gain value again, but it could be at a much lower rhythm than before. When silver will hit again, my portfolio will hit the net worth of 90 000$. I am just waiting for that to happen

Regarding my investment in Sprott Canadian Equity Fund that went from 8 000$+ to the current 7 000$+, well, I don’t really know what to think about it. It could be the sign that the market is not doing well and that another correction is on its way but I don’t really know what to think. However, Sprott Canadian Equity Fund is one of my top performers. I couldn’t imagine my investment portfolio without it.

I taught about selling what I hold in TMX Group Inc. (X) in order to decrease my margin account usage but it’s really not the time to sell TMX Group Inc. (X) because the company had refused the Canadian offer that been done in other to acquire them. This meaning that the deal with the London Stock Exchange is still ongoing and I am very excited because if it continue like this, TMX Group Inc. (X) could eventually reached the 50$ per stock and when it happen, hello big cash for me.

Patience will eventually pay off when it comes to TMX Group Inc. (X) as well as my experiment with day trading.

Knowing that, I have a major announcement to make. I know, I am crazy, but on my Friday, I invested again in Exchange Income Corporation (EIF). Why? Well, according to a source, Exchange Income Corporation (EIF) could eventually hit the 25$ per stock so I could not resist. I invested again in Exchange Income Corporation (EIF). But this is the last of the last, I will no longer invest for a little while, I am totally totally done.

Me and investment, is like famous Hollywood people and plastic surgery: it’s being done, done and redone. Never get enough. But now, I have enough despite knowing I can get what I want.

My investment portfolio on date of May 20, 2011

Savings:
550$

Non registered Investments:
Stocks and Units investment portfolio CAN$
Sprott Inc. (SII): 8 503.92$
Timminco (TIM): 80$
Blue Note Mining (BNT): 38$
Bank of Nova Scotia (BNS): 6 258.43$
Hanwei Energy Services (HE): 67.50$
Methanex Corporation (MX): 3 077.64$
Fortis (FTS): 3 560.96$
Pembina Pipeline Corporation (PPL):
10 447.29$
Just Energy Group Inc. (JE): 9 655.65$
Pengrowth Energy Corporation (PGF): 2 812.20$
Enbridge Income Fund Holdings Inc. (ENF): 6 093.75$
Corby Distilleries Limited (CDL.A): 1 720.10$
Davis + Henderson Corporation (DH):
4 149.36$
Premium Brands Holdings Corporation (PBH):
6 972$
EnCana Corporation (ECA): 6 585.20$
iShares S&P/TSX Capped REIT Index (XRE): 2 320.78$
Horizons Gold Yield Fund (HGY.UN): 1 890$
Canfor Pulp Products Inc. (CFX): 1 874.76$
New Flyer Industries Inc. (NFI.UN): 1 889.04$
Capital Power Income L.P. (CPA.UN): 1 919$
Exchange Income Corporation (EIF): 7 157.40$
Rogers Sugar Inc. (RSI): 1 605.12$
Student Transportation (STB): 1 373.60$
Colabor Group Inc. (GCL): 2 158.32$
TMX Group Inc. (X): 4 450.06$
Data Group Income Fund (DGI.UN): 3 991$
K-Bro Linen Inc. (KBL): 2 235$
Westshore Terminals Invest Corp (WTE.UN): 5 020$
WesternOne Equity Income Fund (WEQ.UN): 2 280$
Atlantic Power Corp (ATP): 1 473$
Horizons BetaPro COMEX Silver Bull Plus ETF (HZU): 2 898$
Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD): 625$
Horizons BetaPro COMEX Silver Bear Plus ETF (HZD): 2 792$
First Majestic Silver Corp (FR): 1 750$

TOTAL: 119 724.08$

Stocks and Units investment portfolio US$:
Sprott Physical Silver Trust ET (PSLV): 2 522.99$
US cash: 4.12$

TOTAL: 2 527.11$ US

Tax-free savings account (TFSA):
EnerCare Inc. (ECI): 22.65$
Dumont Nickel Inc. (DNI): 474.38$
Sprott Physical Silver Trust UTS (PHS.U): 3 272.16$
Cash: 2.28$

TOTAL: 3 771.47$

RSP investment portfolio:
Sprott Canadian Equity Fund: 7 090.59$
Claymore Gold Bullion ETF (CGL): 3 272.16$
EnCana Corporation (ECA): 3 260$
Emera Incorporated (EMA): 6 651.84$
Sprott Physical Silver Trust UTS (PHS.U): 1 090.72$
Cash: 65.08$

CIBC Dividend Growth Fund: 580.41$
CIBC Emerging Markets Index Fund: 402.59$
CIBC Monthly Income Fund: 1 049.17$

Energy and Base Metals Term Savings (Indexed term savings):
503.46$
Natural Resources Term Savings (Indexed term savings):
502.06$

GIC National Bank: 1 251.85$
GIC Plus TD: 500$

Maritime Life International Equity Fund
(Templeton): 676.31$
Manulife Simplicity Growth Portfolio: 931.48$
Maritime Life CI Harbour Seg Fund: 1 113.26$
Maritime Life Fidelity True North Seg Fund:
1 072.70$
Manulife GIF MLIA B World Invest: 670.01$

Great-West – various: 1 834.72$

RBC Canadian Dividend Fund: 577.10$
RBC U.S. Mid-Cap Equity Fund C$: 2 062.03$
RBC Global Resources Fund: 1 183.69$
RBC O'Shaughnessy International Equity Fund: 678.13$
RBC O'Shaughnessy All-Canadian Equity
Fund: 1 223.48$
RBC Global Precious Metals Fund: 967.08$

TOTAL: 39 209.92$

Social Capital at Desjardins Membership share
for 3 accounts: 40$

Savings + Stocks, units, mutual funds + Tax-
free Savings account + RRSP + Online Income
(74.47$):
165 897.05$

My debt situation on date of May 20, 2011

9 099.27$ at a low interest rate of 4.75% (RRSP credit line rates) = 432.22$ in annual interest

4 900$ at a low interest rate of 4% (credit line rates) = 196$ in annual interest

7 841.32$ on a TD Canada Trust credit card at a low interest rate of 4.9% (result of a credit card balance transfer) = 384.22$ in annual interest

7 580.28$ at low interest rate loan at 5.50% (student loan) = 416.92$ in annual interest

5 000$ at 8.75% (credit line) = 437.50$ in annual interest PAID OFF

10 000$ at 7.52% (credit line rates) = 752$ in annual interest

44 944.96$ at a low interest rates of 4.25% (margin money coming from TD Water house): =
1 910.16$ in annual interest

TOTAL: 84 365.83$

TOTAL in annual interest: 4 091.52$
[In date of May 20, 2011]

Celebrating Canfor Pulp Products Inc. (CFX) first dividend distribution as corporation

Holding Canfor Pulp Products Inc. (CFX) in my portfolio had been a blessing. If I would sell what I own of Canfor Pulp Products Inc. (CFX) at this time, I would be making a profit of more than 400$! Back in January of this year, following an exchange with the mountain lion hero, I decided to invest in some stocks of CFX. CFX had been waiting for me for quite some time actually.

The mountain lion hero mentions Canfor Pulp Products Inc. (CFX) in one of his email but I never took time to look more closely than that into the company. In beginning 2011, I began to trade more in order to increase my dividend income. And it’s at that time that I remember the email of the man. And then, I took time to review the companies he was mentioning. Capital Power Income L.P. (CPA.UN), New Flyer Industries Inc. (NFI.UN) and Colabor Group Inc. (GCL) were among those companies. And of course, Canfor Pulp Products Inc. (CFX). Canfor Pulp Products Inc. (CFX) dividend yield may be at time around 10%. Before its conversion into a corporation, Canfor dividend yield was more than 20%.

I had been amazed by Canfor Pulp Products Inc. (CFX). My investment gain value very quickly. Yesterday, I had received Canfor Pulp Products Inc. (CFX) first dividend distribution as a corporation. Time to celebrate!

Welcome again Physical Silver Trust ET (PSLV) in my investment portfolio!

Following my day trade with Horizons BetaPro COMEX Silver Bull Plus ETF (HZU) (which I was very happy about by the way!), I decided to take a 1 000$ CAN and transfer it into US dollars. My 1 000$ in Canadian dollars worth 1 010.92$ in US ones. The exchange generate a profit of 10.92$, which is more than enough to cover one purchase commission of 9.99$.

Following Eric Sprott interview with Max Keiser that you can view in the previous post, I did what any investor would have done: I invest again in Sprott Physical Silver Trust ET (PSLV). Last time, I had invested in PSLV when it was at its 22$ 52 last week highest. As always, my timing was perfect... Shortly after, some sources came with the news that Eric Sprott had sell some of his Physical Silver Trust ET (PSLV) units, cashing in some enormous profit, something of the like of 36 million... Of course, the genius reinvested the money, but in other silver investment. Following what, the Physical Silver Trust ET (PSLV) was hitting down the 15$ per unit...

Despite the desperation, today, I invest again in Physical Silver Trust ET (PSLV) and I am very happy with the investment because I now own a mix of units purchase at 22$ and now, 16.03$. So overall, the new acquisition of today will equilibrate the whole thing. I won’t tolerate losing money on silver. That’s why I invested today again in some fresh new units of Physical Silver Trust ET (PSLV).

My investment in Sprott Physical Silver Trust ET (PSLV) is for the long term. Hopefully, my investment will double in value and this will happen very soon ok? I am done with selling, purchasing etc.... I want to concentrate on my HubPages. I have better things to do in life than just refreshing, refreshing, refreshing lol...

At this point, my investment portfolio, in US and Canadian dollars is absolutely perfect. I didn’t post an update of my investment portfolio for quite some time. If it happens that the TSX finish up today, I will to update my investment portfolio tonight.

About New Flyer Industries Inc. (NFI.UN)

If like me you hold New Flyer Industries Inc. (NFI.UN), my best recommendation is to HOLD. A reader asked me what I plan to do with this one, since NFI.UN had drop in value. I decided to stick to New Flyer Industries Inc. (NFI.UN) because it’s a leader in its industry. NFI.UN has the technology required to build bus transportation. They had handled very important contracts for public transportation in the past (for New York City, among other). Investors are crazy to be alarm because the company lost a 10% profit or something like it.

Once the situation in the US will become more stable, NFI.UN will raise in profit again. It’s very clear in my mind. Of course, it’s not fun to see a title going from 12$ to 9$. The case of New Flyer Industries Inc. (NFI.UN) is not like Yellow Media Inc. (YLO). New Flyer Industries Inc. (NFI.UN) will go up again. But when it come to Yellow Media Inc. (YLO), I doubt the company will ever reached its old 6$ per stock. I only sell stocks in case of necessity. Selling YLO was a necessity. And when it comes to NFI.UN, I think the company had good chances to go through this difficult time without too much problem. I could be wrong, but I really like NFI.UN. And New Flyer is a cool name.

And now Colabor Income Fund (GCL)

I also have the same philosophy when it come to Colabor Income Fund (GCL). Despite recent drop, I prefer to hold for now. GCL made some interesting acquisitions lately. Profit are going to come later or sooner. Colabor Income Fund (GCL)? HOLD :0)

Today, I day trade Horizons BetaPro COMEX Silver Bull Plus ETF (HZU)

Today, I wake up early because yesterday was the day were I could had sell what I own of Horizons BetaPro COMEX Silver Bear Plus ETF (HZD) but I miss the opportunity since I did not wake up. As excuse, all I can say is that I finish work at midnight, arrived home at 1am and go to bed usually around 2am. Yesterday, Horizons BetaPro COMEX Silver Bear Plus ETF (HZD) hit the 7.92$. I could had sell the units I had purchased at 7.79$, but I miss the boat. Same thing with Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD)... I could had sell HOD at profit yesterday, but there also, I miss the boat. The morning is really a good period for day trading, I know that now.

However, sometime, things happen for a reason, maybe I will be able to make a bigger profit on Horizons BetaPro COMEX Silver Bear Plus ETF (HZD) and Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD) than the ones I could had made yesterday.

Today, I wake up at 9am, just on time to eat breakfast and make myself some coffee before the Toronto stock market open. Today, my goal was to catch up with my flop of yesterday. Today, I wanted to sell HZD and HOD at profit. But it did not happen. Currently, both HZD and HOD are down... but Horizons BetaPro COMEX Silver Bull Plus ETF (HZU) is up...

I could not resist trading silver again on margin trading alias day trading... so I jump, purchase 200, just 200 units of Horizons BetaPro COMEX Silver Bull Plus ETF (HZU) at 9.47$ and I sell at 9.70$, for a cutty profit of 26.02$ after commission... I am done for the day with day trading.

It’s looking good for First Majestic Silver Corp (FR) who’s currently up of 4%. I have hoped to make a profit out of this one. Maybe not today, but at a later date, certainly, just like for HZD and HOD.

When HZD is down, HZU, PHS.U and other guys are ups. Knowing that, day trading on silver is possible and interesting.