Gold & Silver Correction Over?

Correction does much, but encouragement does more. ~ Johann Wolfgang von Goethe

I've been eyeing to increase my silver holdings for awhile now but I've been waiting patiently for the price of silver to drop. Alas, when it finally did start to correct on the 12th of Nov, I didn't have the spare funds to inject. On the 16th of Nov, a rather bullish doji appeared, appearing to signal a change to the selloff and the start of the rebound. Again I didn't have the funds to inject into my silver account. Today, when the price has rebounded strongly upwards, supported by the 14 day moving average, back to where it was before the correction, my funds to inject are finally available.

What a waste of an opportunity! *lament lament* Or is it?

The demand for silver is still there with the uptrend clearly intact. What's uncertain though is that most of the previous corrections last for at least 2-3 weeks, some more than a month. This recent upturn happened after only after 1 short week. So there's a chance that the correction hasn't played out fully. If this is the whole correction however, and not just a lame rebound, it's a rather short correction, proving that there's still ample demand for the shiny metal.

Lets see what happens tomorrow and next week.

Hopefully we'll get our chance!

~K

Note:
Not vested in iShares Silver ETF. I'm using the iShares Silver ETF as a reference as there isn't any chart plotting silver price in S$ in ChartNexus software. Nonetheless, this is accurate enough for me.

I Thinketh!

We are what we think. All that we are arises with our thoughts. With our thoughts, we make the world. ~ Buddha 

I realized as I revamped my site that I needed to have a new subsection for any postings that are unrelated or only tangentially related to focus of the blog. Questions, gripes, interesting bits of news, gossip, those kinda stuff.

All these will be placed under a new header I decided to call "I Thinketh" heh. Stylo mylo huh? =)

Stay tune for my first thinketh post. Look out for it!

~K

Living a Rich and Fulfilling Life

Don't be afraid your life will end; be afraid it will never begin. ~ Grace Hansen

You only live once, but if you do it right, once is enough. ~ Joe Lewis

Such true, true words spoken by Ms. Hansen and Mr. Lewis. I've had more than a year since my last post to reflect on that. That's quite a story if you have time.

Last September, when I first started this blog, I had only just been introduced to the idea of investing and passive income in a financial seminar held by my organization. It was a "revolutionary" idea to me really. The only investing I did back then was to turn my money (cash & CPF) over to an insurance agent who sold me these investment-linked policies and endowment plans. Only during the recent financial crisis, when I witnessed the China-India fund which I was invested in, which at one point almost doubled in 2007/8, crumble into a $15,000 loss did I get my first wake up call. I needed to care about my finances. For who else is going to be more concerned about my money than me? Thankfully, I rode out the wave to recovery without selling and managed to break even and then gain some at the beginning of this year. Talk about Scary!

Since then, I focused a lot of effort into learning and finding out more about the different investments in the market, attending talk after talk and reading book after book. But most important of all, I began to take action. Action to get my money working hard for me. But while I focused tremendous time on this new-found direction of living a rich and free life, or at least wanting to live one, I also realized that there were other things to life that were equally or even more valuable - relationships, love, experiencing new cultures, seeing new worlds, cities, charity, volunteer work and finding peace with God for example. To quote Napoleon Hill in his True Riches video below, "observe if you will, with great benefit, the fact that money comes at the end of the list of the twelve things that makes men rich".

That said, it does not mean that money isn't important. It is. But there is a whole world more to life than simply that.

With this new focus, shall I continue this blog; to record my journey into living a rich and fulfilled life with money providing me with the opportunities.

Wish me luck! =)

Cheers,

~K

Site Revamp

Nobody can go back and start a new beginning, but anyone can start today and make a new ending. ~ Maria Robinson

As you guys can see, my last post was more than a year ago. This was because I was quite disappointed when my Adsense was cancelled. Nonetheless, I'm making an attempt to continue especially since I've more time these days. It's gonna start with a major blog revamp.

Post again real soon!

~K