Crude oil hits new record, gold goes up, indexes down

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Crude oil

Last Friday crude oil hit new record. Early morning was $147.27 a barrel and closed the week at $145.08.

crude oil
Crude Oil Futures

S&P 500

As long as crude oil is rising, I don’t look too much for gains on indexes. Since last time I was analyzing S&P 500, index broke the support near 1270 and last week definitely confirmed further movement down. I will wait more time for some strength’s signals on the index, before putting my money there.

sp500
S&P 500

Gold

Gold continues to behave as I expected. On Friday, gold touched the resistance – half of black marubozu from March. It is very likely that now, there would be small downward movement before breaking this resistance. Then I expect to find it at least near $1000 an ounce. Of course I treat gold as a long term investment and further actions depends on market situation.

Gold
Gold Futures

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The Art of Winning

Success 4 Comments »

This post is written by my brother, Dominik Wrzesniewski.

I know many people who have achieved a real success. Often these successes were spectacular victories and great accomplishments. All these people show certain behavior and characteristics, which, in my opinion, first - are good prognostics of success, and secondly - facilitate its achievement. Real winners take care of matters important for success of their intention. This approach works both for bold ventures but may also be useful for smaller tasks. What is common for winners and what do they do?

Winners plan and recognize

Before each, even a fairly simple task, it is worth to prepare a plan of action. It should include key ingredients and the procedures concerning goal which we want to achieve. The degree of complexity and thoroughness of the plan is growing with the increase in the scale and magnitude of the planned projects. The plan should also include possible scenarios for various courses of events.

Winners keep focus on objective

The overall objective of the activity is always in the limelight. Virtually all the actions are subordinated to the principal objective, then it is easy to eliminate the activities and operations fully redundant, so that we can contribute to saving resources and time.

Winners think broadly

Even with a clearly defined goal; the winners always keep a good orientation in a broader context. They are focused on the main task but they do not forget about different and sometimes even loosely related matters. These cases usually make an extensive network of relationships. Taking care of subordinate elements, promotes a whole on the basis of synergies.

Winners care about the details

The devil lies in the details. Deep truth contained in it, is to acknowledge that sometimes minor elements may weaken or even completely undermine the great venture.

Winners act consistently

Even in seemingly unrelated to each other issues and areas, the operation of winners is always consistent with the whole plan and the main idea. At the level of prepared offer, used tools, communication with customers, all the elements are linked and efficiently used. Often, these actions are part of the visual identification system and organisational culture.

Winners act consequently

Focused all the time on the main objective, winners always consistently implement established milestones leading to the goal. Detailed plan for minor elements and the nodes makes achieving goal easier to control and track progress. By looking at the wider environment, in the case of the emergence of various difficulties, the winners can quickly develop an alternative solution and continue the implementation of the task.

Winners apply the principles of social impact

Most of our activity is undertaken in contact with other human beings. Many decisions important for venture depend on their goodwill. Therefore, gaining their goodwill is definitely a must. Speaking to the individual by name, being genuine and open smile do their job in all circumstances.

Winners believe in themselves

If I do not believe in myself, who else will? This wise truth shows that winners’ faith in themselves, their capabilities and the entire project is the fuel for its implementation. Both themselves and others involved in the process will certainly feel the power flowing with enthusiasm and genuine commitment to the task. Great achievements emerge from passion!

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Creative Commons License photo credit: jot.punkt

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Invest Your Time in Physical Activities

Entertainment, Money 2 Comments »

Physical activities are both fun and good for your health. Among many advantages there are:

  • increasing your life quality,
  • releasing stress and anxiety,
  • decreasing blood pressure,
  • forging character,
  • improving sleep,
  • increasing stamina, immunity and your energy level.

This positive impact on your health will also directly increase your savings. According to The Physician and Sportsmedicine journal, $330 per year is the average cost in direct medical expenses per each physically inactive person.

As a bonus you may also get leaner and fitter. Investing time in physical activities looks like a very promising idea at almost no risk level (watch out for injuries).

Father-daughter joggers on Morro Strand State Beach, Morro Bay, CA
Creative Commons License photo credit: mikebaird

My favorite physical activities are:

  • Martial Arts – I have kung fu classes twice a week with instructor and as much as possible I practise with my friends or alone.
  • Weight Lifting at Gym – usually I do it four times a week
  • Jogging.
  • Swimming.

Currently I don’t perform jogging and swimming. Martial arts trainings give me quite enough cardio, but in future I would definitely love to enjoy also those two activities. I did a lot of swimming and running while I was at the University and I must admit they were giving me a great physical and mental boost.

What are your favorite physical activities?

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Is it a good moment to invest in gold?

Investing 1 Comment »

In my last post I presented why I have bearish approach to the stock market. This situation encouraged me, to look for other possibilities where to invest money. One of the assets, that look very promising for me, is gold.

In June, gold futures gained more than 4% and nearly 11% in first half of the year. In my opinion it is a very nice result. However it is obvious that we won’t take any actions until we take a look at the chart.

gold

After strong gains in first quarter of year, a correction took place. At 1st May we had a minimum, which is still possible to be tested. However currently SMA15, SMA 30 and SMA 50 start to go up. The maximum from 22nd May is broken and now we are about peak from 17th April (near 950). Today’s session shows that gold probably has to make a small downward movement and then will attack this level again.

Currently I keep a small package of gold certificates (they are available on Warsaw Stock Exchange) which I bought few days ago at 902. Breaking 950 will be a good signal for me to put more money into gold. For sure I will keep watching gold and post about it regularly as long as it looks attractive.

Gold will continue to attract increasing monetary demand and the result will be a much higher price,” said Peter Spina, an analyst at GoldSeek.com. “Sub-$1,000 gold days are drawing to a close [and] by the end of this year, I would find it difficult to explain a sub-$1,000 gold price.

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