AGQ: bought today

I bought the ETF Pro Shares Ultra Silver (NYSEARCA:AGQ) today near the close at USD 58.2483

AGQ: sold today

I placed a stop market order for the ETF Pro Shares Ultra Silver (NYSEARCA:AGQ) today before the open at USD 55.34 and this was executed at 09:36, resulting in a loss of 1% in 1 day.

AGQ: bought today

I bought the ETF Pro Shares Ultra Silver (NYSEARCA:AGQ) today near the close at USD 55.89

GLD: sold today

I sold my ETF SPDR Gold Shares (NYSE:GLD) today at USD 171.06, resulting in a profit of 15.9% after 1 year and 118 days.

AGQ: sold today

I sold my double silver ETF Pro Shares Ultra Silver (NYSEARCA:AGQ) today at USD 58.32, giving me an average profit of 14.2% after an average of 290 days.

ABB: sold today

My order to sell ABB (Virt-X:ABBN) at market was executed at CHF 17.09, resulting in a profit of 9.3% in 70 days.

Selling ABB

I gave an order just now to sell my shares of ABB (Virt-X:ABBN) at market. The purchase was made on 22 May 2012 at CHF 15.64

Watching Meyer Burger

Rumours have it that the British investment group Generation Investment is increasing its holding of shares of Meyer Burger (SIX:MBTN). Perhaps this is why the price closed higher today.

US oil reserves

The chart on the left shows the price reaction to last year's announcement, on 23 June 2011, of the release of 30 million barrels oil from the US Strategic Petroleum Reserve. The price dropped abruptly, but recovered within a few days to its previous level. This year, the threat of an economic recession is expected to be another factor putting pressure on the oil price.

Watching Oil ETF

It is difficult to find a trendline for ETFS Brent Oil (LON:OILB), the price of which is falling, but I believe it will have to go a lot lower before it turns around. There are indications that Obama will sell oil reserves to bring the price down.

ABB: bought today

My order to buy ABB (Virt-X:ABBN) at market was executed at CHF 15.64

Placed buy order for ABB

I placed a buy order for ABB (Virt-X:ABBN) at market just now.

FB at NASDAQ

The hype over Facebook (NASDAQ:FB) is over, in fact has been over since 15:00 EDT yesterday. The institutional investors no longer defend the USD 38.00 price level. In pre-market trading this morning, FB opened at USD 38.07 and it has been downhill since then, with the price at USD 36.77 at the moment.

FB at Frankfurt exchange

At the Frankfurt exchange, Facebook is at the moment traded at EUR 29.96, equivalent to USD 38.26

Facebook: bought today

This was an interesting day and in fact not quite over yet, as after-hours trading is still on. The start of trading of for Facebook (NASDAQ:FB) was delayed until 11:30 EDT. At 11:40:53 I placed a buy order with a limit of USD 38.00 and this was executed at 15:52:30. There was a low of USD 38.00 earlier, during two one-minute periods between 11:45 and 11:55, but notifications – and presumably also trades – were delayed by over half an hour..

Facebook trading will start only at 11:00 EDT

I finally found information about the starting time of trading of Facebook (NASDAQ:FB). It is at 11:00 EDT.

Watching Facebook

Facebook shares were sold to institutional investors yesterday at USD 38 and will trade on NASDAQ today, presumably starting at the open at 09:30 EDT, 15:30 my time. I haven't decided yet whether to buy it.

Amertrade has a collection of news items here.

Gold ETF: bought today

I changed my mind and bought ZKB Gold ETF (SWX:ZGLD) just now at CHF 472.54

Not buying gold yet

The gold price jumped up yesterday, closing at USD 1,574.50

Franklin Sanders wrote this:

   The Gold Price Rose $38.30 Can it Climb Above $1,580 Tomorrow to Confirm Reversal?

   The GOLD PRICE rose 38.30 (up 2.5%) to end at $1,574.50. It left behind a double bottom on Wednesday at $1,527.7 and worked its way up to $1,550. In Europe it danced just under $1,550, then at 8:00 a.m. jumped to $1,557, traded sideways, then gapped up at $1,557 levitated, gapped again ($1,563-$1,566) and shot for $1,580. Closed near the top of the range.

   Folks, metals are strong as a garlic milkshake. To preserve that spike bottom for posterity, gold needs to climb above $1,580 tomorrow and confirm its intent. Milestones of success after that are $1,600, then $1,630. The GOLD PRICE must overcome these quickly, and that I expect to see.

I won't buy the ZKB Gold ETF (SWX:ZGLD) yet today and wait to see how it closes today.

Sanders also wrote:

   Better swap GOLD for SILVER now. Ratio may have topped yesterday. Confirming a reversal in gold and silver, premiums on physical silver and gold are rising rapidly, and that will hurt our realized ratio in a swap. If you plan to swap gold for silver, you'd better do it quickly.

Is gold turning around?

The gold price fell through the bottom line of the channel I have drawn and it will be interesting to see where it goes from here. I shall wait for today's close and then evaluate whether or not to buy.

Yesterday, Franklin Sanders wrote:

     The GOLD PRICE made a low at $1,527.70, practically on my target. Silver posted its low at 2676 c, not far off 2615c support.

     Both the silver and gold are coasting along on their bottom Bollinger Bands, something that hasn't happened since fall 2008. Implication? Silver and gold are monstrously oversold, and will shortly come roaring back with a rally, even if only a temporary one.

     End of this decline ought to come within a week at most, but that euro crisis hangs over everything, scaring everyone to death, much like the 2008 panic in the US.