Trading Daily

Thursday, February 3, 2011


Initial Fund	15/08/10	$50,000.00
Current Value	3/02/11	$86,219.85
	Cash：	60499.85
	Stocks：	25720.00
Total Retun since 15-08-10:		72.44%

I am still concerning about gold price in short term, while gold is trying to find
support at $1300 - 1320.
I would like to wait for more re-entry signals.

Initial Fund		15/08/10	$50,000.00
Current Value		2/02/11	$85,559.85
		Cash：	60499.85
		Stocks：	25060.00
Total Retun since 15-08-10:			71.12%

In this week, the market has seen volatility of mining sector.
the trend of gold price is one of major concerning.
Since last a couple of weeks, I have kept more cash in hand.




UNV -	Out at stoploss of 0.50
	Unfortunately the daily chart looks weak. To be honest I love this
	beauty but nothing can break my trading rule.
	Maybe I will come back later.
MGO -	Close at 0.355 for fund adjustment only

WPG -	Looks forming uptrend channel again with a consolidated
	Very encouraging prospect
	Attractive iron ore and coal exploration projects
EXS -	deal coming???

HGO - out at stoploss of 0.30

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