Bitcoin Rally Stalls - is it ready for pullback?

So I first covered Bitcoins here bitcoins-strong-rally-has-my-attention.html and it seems like Bitcoin has had a good rally, but is ready for a pullback?

I first covered Bitcoins when it was trading at $35 USD on March 2nd 2013. It seem from there it has rallied to highs of $49.099 on March 6th 2013 . Since those highs it has sold off twice, bouncing off $35. Now remember that Bitcoin is worth about  $400 Million dollars. So now that its trading at these prices with this much capital behind it, bigger players will come in to invest in Bitcoins and control the price. Barring a firesale I believe that Bitcoins will pull back to $35 to make a triple bottom. It would be better to start to pick up an initial lot now at $46 with the bulk of the buying into the high $30s. I believe bitcoin will break out of $50.

Chart from Mtgox.com

Also check out this chart Below. It should the bids and offers on Bitcoins as they are traded on the mtgox exchange. There are alot of offers and the bids only start to get in size around $45.50 Now if I could only start mining for bitcoins.

 

March 16 2013 0320 AM EST

 For further reading check out these articles:

Max Keiser: Is Bitcoin Money? 

http://www.huffingtonpost.com/max-keiser/is-bitcoin-money_b_2849031.html

This one is about Mt.Gox moving the exchange to the US from Japan.

http://venturebeat.com/2013/02/27/bitcoin-record-high-mt-gox-coinlab/

And here is an article about a firm from Malta starting the first Bitcoin Hedge Fund. 2013 Should be interesting for Bitcoin.

http://www.finalternatives.com/node/23100

More Time, More Money 100 Ways To Gain More Time and Make More Money

So tonight I was thinking about I could write about next. I am constantly thinking about different ways to generate income and wealth, in order to achieve financial independence. 

Then it hit me, why don't I provide my readers with ideas on how they can make more time and more money. What I have here is an e-book called "More Time, More Money 100 Ways to gain more time and make more money". I will be providing this e book free of charge. I had the opportunity to read this e-book a while back and it help me a lot. Its like a giant brainstorming book, full of different ideas. I hope that you take something useful from this book and that it helps you on your path to becoming wealthy and financially independent.

The e-book is available using the download link below.

Get instant access to 100 powerful ways to gain more time and make more money so you can do the things you love doing and acquire as much wealth as your can bank can handle...spend more time with the kids, play golf or simply sit on the beach...you'll have the freedom!

According to Robert Collier, “Success they say is the sum of small efforts, repeated day in and day out"

DOWNLOAD LINK:

E-Book - More Time, More Money 100 Ways To Gain More Time and Make More Money.pdf

Dishwasher vs. Hand Washing Dishes - How to save money and time at home.

I had a thought today as I was hand washing dishes at my mothers house. I was home alone and was starting to do the dishes that I had dirtied through out the day. Then an old argument that my mom and I always have popped into my head, the need for a dishwasher in her home.

You see, my mother is really old school. She grew up without a dishwasher and believes that dishwashers take up too much electricity and hot water. She thinks that hand-washing dishes is better on the wallet. Now, I have argued for years that she is simply incorrect, and although I might have been wrong myself a few years ago, it now seems that with today's energy efficient dishwashers, using a dishwasher is actually easier on the wallet and allows you more free time in your day.

Just take a look at the image below, taken from Energy Star:

So you see, having a dishwasher allows you to to the following things:

Scam Alert! Fake silver bars being sold on Craigslist.

So tonight I was doing my usual forum visits to see what was happening in the world of silver and precious metals. I came upon kitco.com forums and noticed a very interesting thread about counterfeit silver being sold through Craigslist.


It appears that a fellow silver-bug has written about an ordeal that he just experienced. He answered an ad on Craigslist, where some one was selling 150 ounces of silver bars from reputable manufactures such as Pan American Silver, Stagecoach and Sunshine State Mint. I personally don't buy "generic" silver but the appeal of generic silver is that they sell for  lower premiums when compared to buying Government issued bullion.

These are the bars in question:

How they were sold to the victim, vacuum sealed and with "Made In Korea" printed on the bag.

 

You can read the entire story here: 

http://xxjobiiixx.blogspot.ca/2013/02/oh-no-ive-just-been-scammed-into-buying.html

It is an excellent read and it goes in detail from the beginning of the purchase to the very end when police became involved. I highly recommend you read it.

I would suggest to those who are interested in buying silver from third parties via sites such as Craigslist and Kijiji to do the following things:

Bitcoins - Strong rally has my attention.

So a few months ago, in November if I recall correctly, I was looking to change some Bitcoins into cash. I had acquired some Bitcoins through some "get paid to watch bitcoins" service that I stumbled upon. At the time Bitcoin was sitting at a healthy $10CAD/1Btc exchange rate. I had been aware about Bitcoin what it was capable of for some time. If you want to learn more about Bitcoins then please visit http://bitcoin.org/ or checkout this Wikipedia arcticle - Bitcoins. In the end I decided to go play some Satoshidice with the Bitcoins I had. 

Fast forward to today. I wanted to see what the status of the mining community was in regards to Bitcoins, in regards to difficulty and next generation hardware that was supposed to come out and make it much more cost effective to mine for Bitcoins. What got my attention the most was the huge rally that bitcoin has experienced in the past few weeks. Have a look at the chart below.

This chart represents the last 3 months and as you can see, Bitcoin has experienced a huge rally from around$13/btc to about $35/btc. That is incredible!! The reason why this is incredible because that this is not a flash in a pan rally, but a sustainable move to the upside. Healthy amount of volume with virtually no down days. It also seems that Bitcoin is giving government backed currencies competition. According to this seeking alpha article by Pater Tenebrabum , the ECB (European Central Bank) is worried about competition from Bitcoins. Bitcoin is no longer the thing of nerds and internet criminal organizations. Bitcoin is here to stay and it can only grow in popularity.

More and more online businesses are accepting Bitcoins, and it will only be a matter of time before you will be able to make your next coffee purchase with a Bitcoin debit card. I personally don't plan to invest in Bitcoins in the near future, however I will keep a closer eye on this digital currency and react accordingly. As for now, I am going to go grab some Bitcoins and play Satoshidice.

For further reading please check out this excellent article by Vitalik Buterin from Bitcoin Magazine. It is an excellent read and it goes into a more in-depth analysis in regards to this Bitcoin rally.
 

Xinyuan Real Estate Corporation (XIU)- The next big thing?

So about two days ago I was home and acquired a copy of a movie called Shanghai Calling. This is the basic premise of the movie:

A New York attorney is sent to Shanghai on business, where he finds himself in a legal mess that threatens his career. With the help of a relocation specialist and her contacts, he soon learns to appreciate the wonders of Shanghai.

It was an easy watch and featured Bill Paxton, one of my favorite actors. I would recommend it to people who enjoy watching dramatic comedies and want a fun way to spend 100 minutes in front of the television.

Shortly after watching the movie, I decided to look more into real estate in China and how one person can profit from it. The one name that kept popping up in my research was Xinyuan Real Estate Corporation(XIN). XIN is a Chinese Real Estate company that is currently valued at $399 million dollars. It currently holds over $1 Billion in assets with another $700 million in future business with some of the top Chinese construction companies.

Today (March 1, 2013) XIN experienced a 7.86% increase in stock price as seen in the chart below. The past three trading days it has seen positive gains with over 1 million shares in volume per day! Although I do not intend to cover stocks which have experienced such huge gains already, its best to look towards the potential growth in the future. Asia is booming and XIN can easy increase in stock price 10 tens over. It looks like a good buy and at $5.90 it is at a good price to establish a core position. Add to your position on the dips and enjoy the ride!

Precious Metal House Bankrupt? It Appears So.

When I first started purchasing physical silver, I purchased it from Precious Metal House. I remember going down to the south of  Toronto, down by the lake and dealing with the owners of the company out of a beautiful Condo lobby. I remember my last purchase from them was a tube of American Silver Eagles. It was also when they mentioned that they were moving to the north and setting up shop.

I wished them well and I moved on, finding another silver dealer in Toronto. However, I still visited http://www.preciousmetalhouse.com/ to check out their prices and compare to my local dealer. But now, it seems that the website is down, for so called "maintenance".

I did a little digging and it seems that PMH is actually bankrupt. Its unfortunate but in this day and age of high competition and tight margins, a price swing in the wrong direction can wipe out a business such as PMH. There is plenty of discussion of this on silverstackers and kitco in regards to their bankruptcy. There is also a forum that has been setup dedicated to the closing of PMH and what customers are doing to receive their money back from pending orders.

http://pmhbankruptcy.proboards.com/index.cgi?board=general

This is a copy of the email one individual received a few days ago:

Please be advised that Precious Metal House has filed an assignment of bankruptcy. For further information please contact.
Francisco Remolino
ESTATE MANAGER
PH.  416.515.3921 EXT. 3865
FAX  416.323.5240
3100 Steeles Avenue East, Suite 900
Markham, ON
L3R 8T3
preciousmetal@mnp.ca

I still wish PMH all the best and I hope that they do work out their issues. If you want a reliable bullion dealer in Toronto I recommend Toronto Gold Bullion they have their shop at 5775 Yonge Street North York, Ontario. If you want to deal with an online dealer then I will recommend Silver Gold Bull.

Rest In Peace.

Like the new Playstation 4? Buy SNE

Sony Corporation announced their next generation console last week. It is going to be called Playstation 4. PS4. I watched the unveiling of the new console on a live stream. I can say that I am more than impressed with what Sony has accomplished. The new controller looks amazing, with the touchscreen and share button.

Jimmy Fallon also gave us a glimpse of the new console by inviting Sony on his show to demo the new Killzone:ShadowFall. Game-play looks amazing and I believe games can only get better from here. 

Well what does this mean? It means that as an investor, I couldn't help but look at Sony (SNE) and check out the chart. Below is a weekly chart starting from the beginning of 2011 until now. It appears that its broken the downtrend and its made a nice swing high which could indicate the beginning of  a new uptrend.


SNE had good volume in January to the upside and the subsequent sell-off was on weak volume. SNE looks like a buy and hold at least for the duration of this year. One thing to keep in mind is that Microsoft (M) has also announced their next generation console, the XBOX 720. However, the gaming market has proven that these two consoles can co-exist at least in the previous 2 generations (PS2 - XBOX) and (PS3 - XBOX 360). Happy Gaming!

If you need more convincing, please read this article by Delian Naydenov.
Its a very convincing read and with a title like "Sony's Common Stock Could Double" I have to say, that I agree. I am personally looking for a target of $22.00/share but I would gladly take $40-$50 a share any day!

Investing in farmland? - Here is a quick way how.

One of the easiest ways to invest in global farmland is to buy shares of  Adecoagro (AGRO). AGRO is a Luxembourg-based company that owns around 500,000 acres of South American farmland, consisting of 23 farms in Argentina, 13 farms in Brazil, and one in Uruguay. Land is like gold and silver. You can't create it out of nothing and its disappearing fast. AGRO is another bargain play that I like based on price action and fundamentals. George Soros also likes AGRO. Its a long term play with excellent upside. You can buy the farm without driving the tractor.

Follow the link below and see why George Soros likes AGRO.

http://seekingalpha.com/article/1026021-dissecting-george-soros-recent-moves-part-3-stake-increases

How to make money selling drugs.

Here is a trailer on a film that was shown at the Toronto International Film Festival last year. It basically covers the drug trade and how people profit from it. This is only the trailer as the movie has yet to come out on DVD. I don't condone the selling of illegal drugs for profit, but I do admire the mindset of some the people who have become successful doing so. In a legit business environment, these people can be Fortune 500 CEOs. Featuring 50 Cent, Eminem and the real "Freeway" Rick Ross.

Ucore - HREE Lottery Play Buy Recommendation

Once in a while certain trades are long shots and may take years to develop. Investing in HREE (Heavy Rare Earth Elements) is one of those trades. If you would like to know what REE are then please start by checking out  Wikipedia - Rare Earth Element to learn more. But just so you know, Rare Earth Elements are exactly that, Rare Elements that come from the earth and are used for everything from wind turbines to mobile phones and electronics.

China controls 90% of the REE market in regards to production and exportation. However, the Chinese are cutting production to control the supply and price of these elements. This has forced other countries to look for other sources of REE closer to home.

If you are looking for a way to invest in HREE, you should have a look into Ucore (UCU.V). As far as price action goes, its trading at the lows of this year and at .34c/share, it can be the a nice lottery ticket. This stock has seen highs of 1.29 in 2011 on interest from the Department of Defense. Ucore trades on the TSX Venture.

http://ucore.com/us-department-of-defense-contracts-with-ucore-for-metallurgical-spe-studies

The DOD needs the HREEs to produce advanced weapons systems like cruise missles and the M1 Abrams tank. I plan to buy some and tuck it away for the next 5-10 years.

The Collapse of The American Dream Explained in Animation

Here is another video I watched today. I already watched this when it first came out. I am sharing this for those who haven't seen this yet. Its a good way to introduce the general public to what is exactly going on with the monetary system today.

Money - Who Wants to Be a Millionaire? - Episode 1 of 3 (Full Documentary)

I had some spare time today due to a snow storm and I decided to watch this. Its a good watch, about 1 hour long. It focuses on people who go to seminars to learn about making money. It also covers the people who teach these seminars and people who have actually made money with what they have learned.


What I learned from this movie is that eventually you need to stop going to the seminars once you have learned the skills and put them to action. Rich Dad Poor Dad by Robert T.Kiyosaki is a must read for everyone.

OIL - Buy Recommendation

Here is another opportunity that I will taking advantage of.

Oil - Black Gold - Sweet Texas Tea

You hear everyone talk about it and complain about it. I am going to take advantage of it. It is interesting that the price of oil drops but yet the price at the pump only goes up. In my neighbourhood the price is $1.30/L for 87 octane. Oil is looking good right now and you can use the OIL etf as an investment vehicle. OIL trades on the NYSE:ARCA exchange, has good volume and for the most part tracks the oil futures prices.

Below is a Daily Chart covering OIL from the beginning of 2013 until today. 

Its priced right and anything below 21.50 is a bargain. If the price keeps dropping, buy more.

SLV - Silver Buy Recommendation

Hello everyone, and welcome to my blog. In this blog I will be covering buy recommendations on things I personally invest in. You are welcome to follow along in my journey of investing. For my first post I will be covering a buy on SLV or Silver. I personally don't use SLV as an investment tool, I buy physical silver in the form of government bullion. I already hold some and intend to buy more.

The chart below is a daily chart covering the price of silver from the start of 2013 till today As you can see we had a nice sell off with increasing volume in mid-feb. This is a good buying opportunity. We had a nice reversal to 28.50 on good volume. If we can break the downtrend then price should push towards 30.00.

Look to offload at $30.00 for a quick flip.
buy: Anything below 28.20
short term target: $30.00