The full 1st Division as it would appear in Laselle format.
Life is noise.
Living life generates interactions, interactions generate friction, friction cause noise.
So therefore life is noise.
With all the noise in our lives it becomes progressively harder to determine which actions are actually producing a true benefit and which are limiting your ability to enjoy those benefits. Like people in a pool creating a whirlpool, the actions we choose to perform are done so without us actually seeing whether they actually do yield a net positive benefit to our existence.
This week has been interesting. I have forced myself to leave behind all of the distractions that usually impact my existence. Those things that I thought indispensable have proved to be actually less mandatory requirements than I at first thought. That is not to say that they do not have value, just that not all valuable things are important.
It is early thursday morning, and I have just finished listening to this weeks McAlvany Weekly Commentary and it got me thinking about my decision to start taking some positions in gold stocks. If they are correct and we have a similar bounce off the lows that followed 2008 and 2001, then the fact that I may be a little early here will be a moot point.
They always make the point that it is impossible to pick the exact low point in the market. Most professional traders struggle to get close. So unless you are actually making the market, one has to settle for being somewhat close. If I am early, and the market drops further from here, well so be it. If I am right about the future trend then I will still be on board for what promises to be a wild ride.
After the recent declines in the price of Gold and Silver, I have been looking at some mining stocks which looked attractive to add to my portfolio. Of the items on my short list, Troy Resources (TRY.ASX) looked rather attractive. With that in mind, I placed a buy order on the top of the gap up from yesterday at $1.58 and was filled this morning.
I have a couple of other Gold stocks on my radar, Kingsgate Consolodated (KCN.ASX) and Silverlake Resources (SLR.ASX). Of the two, KCN looks the most interesting, featuring a NTA/Share Price of 27%, meaning its price is only 27% of its value. I am currently looking for a possible entry point for this stock should I decide that the Gold price has turned sufficiently to warrant more exposure to the sector.
Bought 320 TRY @ $1.58
I am once again out of Auckland. It seems that this is the only time I have for thinking, or rather the demands of my day to day existence seem to be able to be pushed aside and allow me to contemplate where I am at.
On the investing front, I have trimmed my stock positions down somewhat. I now have only five active positions, and a good amount of cash on the sidelines waiting some new things to invest in. To that end I am compiling a number of investments that are on my short list to deploy into when the time is right.
I have also pared back my expenses by discontinuing my sky subscription. I haven’t really used it all that much in the past three months, and I doubt I will miss it all that much. That money can be better put to work on other ventures.
On my current reading list, I have added Currency Wars: The Making of the Next Global Crisis by James Rickards. I am only a few chapters in, but already it is looking very interesting. If I could make one change to the Kindle software that would be the ability to sort titles by topic. If you are listening Amazon, head my wisdom.
I recommend to all of you foolish enough to read this to find time to stop and review where you are. Self reflection is very beneficial.
I am getting the full primeval caveman experience, as I observe a primative tribe interact over the construction and consumption of breakfast. It is truly a David Attenborough moment, watching with bated breath as the food is cooked, consumed, and the addolesent male attempts to assert his developing social skills.
The music blares out as food is prepared, inducing celebratory dancing and ritualistic bonding exchanges as the family dynamics are trust to the fore, confirming that we, as a species have not really evolved all that much.
Here I am, back in the food court at Auckland airport, making my second attempt to get out of dodge. I have had almost zero sleep, but plan to rectify this on the flight down. When you think about it, there is not a lot more to add, having done little more than drive back and forth to the airport since my last post.
With little more to say, I shall sign off. I am sure you will here from me again if I don’t make it.
Once again I find myself sitting in Auckland airport waiting. The storms over the last few days have added two additional hours to my travel time, but at least my flight has not been cancelled. All is not lost, as I have internet access and the time to blog. Life is good.
Over the past few days, there has been some turmoil in the financial markets globally. The word coming out of China is that there are some serious issues inside their banking system. This is not a surprise, as they have the mother of all property bubbles blowing (up). However it is interesting to take the pulse of the news, and then try to draw meaning from what I read.
Gold and silver could not escape the carnage. However with the decline in the New Zealand dollar, I have not taken as big a hit as people living in the USA. This is small comfort, but a silver lining to a somewhat dark cloud.
On the subject of precious metals, I have been reading an interesting book titled “The Silver Bomb : The end of paper wealth is upon us”, by Michael McDonald. It is a fascinating look at the advent of the federal reserve and of money and banking in general. Actually the history of banking is very interesting, and this is covered in depth in the book. For that alone it is worth the price. I wait with interest his conclusions of where he sees things going, and how things play out in his mind.
I have also been reading another book by James Altucher called “Choose Yourself”. It is out there, and I could see that some people might be put off by his rather frank and upfront writing style. He puts forward the opinion that we are actually in recovery. but that the days of employment are fast disappearing. Rather controversial, but thought provoking.
And just when you thought it all made sense, I am finishing this post from my home… my flight was cancelled – Bad Dragon is a sad panda.
It has been a while since I last posted on here. I have been reevaluating my options in life, and generally thinking what I can do to change things.
As I run through things I keep coming up with the following thoughts. What am I doing that really matters? And do I want to matter? Ok – I guess we all want to matter so the proper question is… What am I willing to endure on a daily basis to matter, and is it really worth the sacrifice?
This lead me to consider that the problem was simply that I was not surrounding myself with people I was overly concerned about mattering to. Thus the motivation to matter was understandably down. Interesting thought, really.
Final outcome of this musing – I do want to matter, but I don’t want to matter enough to the vast majority of people to make the effort to matter. I do want to matter to a small subset of humans, and therefore this is where I will direct my efforts.
Final answer – I want to matter, in accordance of the guidelines listed above.