Trading Daily

Sunday, January 30, 2011

Initial Fund

15/08/10

$50,000.00

Current Value

28/01/11

$84,929.70

Cash：

32479.70

Stocks：

52450.00

Total Retun since 15-08-10:

69.86%

The following clarification is to answer some queries from the readers:

I am a chartist and all my tradings are majorly based on technical analysis

with limit reference to fundamental.

Gold prices are moving higher on Fiday as rioting in Egypt is feeding fears that

the violence may spread to other countries in the Middle East.

For the time being, I am still keeping in alert with gold shares

MGO -

Found support at 0.35.

Excellent copper project

Some big players are interested

TUC -

Finding support at 0.32 and 0.34

Positive progress in Uranium project

Sitting on potential big deposit of rare -earth.

WPG -

Looks forming uptrend channel again with a consolidated double-bottom at 0.68

Very encouraging prospect

Attractive iron ore and coal exploration projects

UNV -

The daily chart still looks very bullish

Excellent quality asset acquisition

Very bright future

Initial Fund		15/08/10	$50,000.00
Current Value		0/01/00	$85,249.70
		Cash：	32479.70
		Stocks：	52770.00
Total Retun since 15-08-10:			70.50%

Gold price was under pressure in recent weeks. I sold some gold shares
for the time being.
DAU -	Gold share, Out at 0.695 on 20-01-11
PIR -	Gold share, broke-out support of 0.61
	Out at stoploss of 0.60 (sold 2070@0.615 and the rest @0.60)
RIA -	sold at stoploss of 0.75
MGO -	Bought 20000 at 0.36
TUC -	Bought 22000 at 0.34

Initial Fund		15/08/10	$50,000.00
Current Value		19/01/11	$87,949.45
		Cash：	16419.45
		Stocks：	71530.00
Total Retun since 15-08-10:			75.90%

WPG -	Very positive valuation from broker
	expect further rally above $1 after overcoming 1st resistance
UNV -	Brilliant performance with 17% up
	Very positive upgrade from main brokers.
	Expect further rise in coming days
PIR -	Daily chart is still bullish
	expect more rising of SP after consolidating
	Recently gold price under pressure.
HGO -	Daily pattern has shown clear double-bottom.
	SP could hit 0.36 shortly and 0.45 in a couple of moths
	It is a slow player.

Initial Fund		15/08/10	$50,000.00
Current Value		17/01/11	$85,789.45
		Cash：	16419.45
		Stocks：	69370.00
Total Retun since 15-08-10:			71.58%

PIR -	Very bullish daily pattern.
WPG -	Bought at $0.82
UNV -	Potential miner in South Africa

Initial Fund		15/08/10	$50,000.00
Current Value		14/01/11	$85,819.40
		Cash：	24639.40
		Stocks：	61180.00
Total Retun since 15-08-10:			71.64%

RIA -	Recent study in neaby area showed positive potential.
	Very encouraging daily pattern.
	Broker upgraded target price.
	Some price pressure due to political unrest
	Can see SP over 0.9 shortly.
PIR -	Very attractive daily pattern.
	Broker upgraded target price.
	Positive operation result
	Political risk in Mali impacts the performance
	Hopefully next week can see next leg up.
UNV -	Bought at 0.45 on 12-01-11
	Potential miner in South Africa
	Broker upgraded target price.