AGQ: bought today

I bought the double silver ETF Pro Shares Ultra Silver (NYSEARCA:AGQ) today USD 61.05 in New York at 10.12 at  hours and immediately gave a stop market order with a limit of USD 58.00.

OCPNY: stop market sell order

Seeing the price of the ADR for Olympus Corporation (NYSEARCA:OCPNY) drop I give a stop market sell order with a limit of USD 8.95.

AGQ: sold today

My stop limit order for the double silver ETF Pro Shares Ultra Silver (NYSEARCA:AGQ) was executed at the open today at USD 66.00, giving me a profit of 10.0% in 37 days.

AGQ: stop limit order

There would have been a sell signal yesterday for the double silver ETF Pro Shares Ultra Silver (NYSEARCA:AGQ) but I ignored it. Today, I gave a sell order with a stop limit of USD 66.00, so as to be prepared for a possible price drop after today's doji, at the same time leaving room for a possible rise.

OCPNY: bought today

I bought some more ADR for Olympus Corporation (NYSEARCA: OCPNY) today at USD 10.90

TSE suspended trading of Olympus Corporation

The Tokyo Stock Exchange (TSE) has some interesting rules for for suspending trading of a stock and setting an upper limit at which the stock may be traded, and I read about them only today:

Tokyo Bourse: May Widen Olympus Share Trading Upper Limit
2:50a ET November 15, 2011 (Dow Jones) Tokyo Bourse: May Widen Olympus Share Trading Upper Limit 

TOKYO (Dow Jones)--The Tokyo Stock Exchange said Tuesday it may widen the daily upper limit for trading in shares of Olympus Corp. (7733.TO) later this week due to imbalanced demand and supply conditions for the issue.
Shares in Olympus soared Tuesday, marking the second-straight day of strong gains as investors grew more confident that the scandal-hit company may yet escape delisting.
While shares did not change hands due to buy orders outweighing sell instructions by close to 10 to one, by mid-afternoon Olympus shares in were quoted 19% higher than Monday's close at Y640, their maximum permissible high for the day under Tokyo rules.
The bourse said it may double the upper limit for daily trading in Olympus shares if the following conditions are met on Wednesday:

-- The issue's daily upper price limit is reached and trading volume is zero without
conducting allocation at the upper limit.
-- Trading volume remains at zero shares until the end of the afternoon session,
trades are executed at the upper daily price limit at the close of the afternoon
session with bids remaining at the upper daily price limit.

A spokeswoman at the bourse said the daily upper price limit for Olympus shares on Wednesday will be Y740. If a wider upper limit is introduced, the daily upper limit on Thursday will be Y1,040.>

-By Hiroyuki Kachi, Dow Jones Newswires; 813-6269-2789; Hiroyuki.Kachi@dowjones.com

(END) Dow Jones Newswires
11-15-11 0250ET 

Source: Dow Jones Newswires – 2011-11-15 0250ET

Now I know why there was no volume on the shares of Olympus Corp (TYO:7733) in Tokyo today and on some other recent days and why the price jumped up from one day to the next.

OCPNY: bought today

I bought the ADR for Olympus Corporation (NYSEARCA: OCPNY) today in the USA at USD 6.90

GLD: sold today

I sold half of my gold ETF (NYSEARCA:GLD) holdings today at USD 172.46 at a profit of 49.3% in 1 year and 164 days.

Olympus Corporation, Japan

Olympus (TYO:7733; NYSEARCA:OCPNY) has been hit by a scandal and the company yesterday admitted fraudulent accounting (http://goo.gl/2YwKK; http://goo.gl/LmkpJ). The share price dropped in Tokyo from JPY 2,526 on 13 October to JPY 584 on 8 November, a decline of 77%. For the ADR traded on the pink sheet in the USA, the price fell from USD 32.10 on 13 October to USD 9.05 on 8 November, a drop of 72%

I plan to keep an eye on Olympus and look for a good moment to buy it.

Silver bullion price trend

I am beginning to wonder whether the price of silver bullion has found a new support at about USD 31.50/oz. A one-hour chart, though, does not seem ideal to look for a support line.

AGQ double silver ETF: stock split

AGQ had a 2:1 stock split, which means that my cost per share is now USD 59.9888

AGQ double silver ETF: bought today

Although I hope that the silver price will drop some more I bought a small quantity of the double silver ETF Pro Shares Ultra Silver (AGQ) today at USD 119.9776. I plan to buy some more when the bullion price falls to USD 27 per ounce.

Silver ETF list

On this Silver ETF list for the US markets I see also the iShares Silver Trust (SLV)

Silver ETF on NYSE

On NYSE, there is the double silver ETF ProShares Ultra Silver (AGQ), with a reasonable trading volume. I'll keep an eye on it and may buy some, but not just yet. Let's see how the price moves after today's Doji.

Looking at silver

I'm looking at a chart of the silver ETF LSIL, traded in USD in London, and am tempted to draw a resistance line at USD 44.86, the low on 11 JAN 2011. I see a lot of speculation in this chart since January of this year and who knows, the speculative price rise may have started already in August 2010.

I think I should read up on the industrial use of silver and the supply and demand for it. Unlike gold, silver is not the common man's hedge against inflation. With a world-wide downturn of the economy, could the bullion price fall to below USD 10 again?

ZKB Gold ETF hedged (CHF)

I heard about a gold ETF of the Zurich Cantonal Bank (ZKB) hedging against the US dollar. I still have to look into it in detail but from a cursory look I learnt that I ought to buy it if I expect the USD to weaken some more against the CHF. This ETF is traded on the Swiss stock market (SIX) with the symbol ZGLDHC. Unfortunately I didn't know about it before the recent decline of the USD against CHF. I see that the same gold ETF is also available with hedges against the EUR and GBP. It is mentioned in this pamphlet of ZKB.

CS ETF on SMI: bought today

My order to buy ETFS Brent Oil (SIX:CSSMI) today at the open was executed at USD CHF 54.12

Buying CS ETF on SMI

The CS ETF on SMI (SIX:CSSMI) has fallen 16.6% since I bought it on 21 April 2011 and I consider the time right to buy some more today at the open.

Sonova: sold today

The stop-loss for Sonova (SIX:SOON) was activated today and my shares were sold at CHF 83.60. This represents a loss of 5.0% in 67 days.

Dow Jones Industrial Index

The Dow Jones Industrial Index (INDEXDJX:.DJI) has been trading in a channel for the last 12 months and broke out downward two trading days ago. Time to add to my position of of the ETF ProShares Short Dow30 (NYSE:DOG)