Tuesday, July 30, 2013

A long time between posts

So I haven't been updating, mostly because I haven't been doing anything big with the merching.
I took 15 mil out of my merch account at one point, so right now here's an update of my bank:
I've also been doing some woodcutting, to be fair. The log market is very volatile but in recent days has exploded.
Notice the daily price far exceeds the average price and has for a few days. I take this as a sign that the market will level off at some point, and if supply reaches the point where demand is met, it may even begin to fall. If someone is holding on to a large reserve of logs, they may be waiting for the right time to sell. I had 160K logs on another account that I sold at 220 each after buying for 160 each. Obviously, I could have made a lot more money if I had held out. At this point, I am not buying any logs however, and the logs I cut I sell. Once the market levels off, I'll make a decision of how to merch logs again.

If the daily price maintains a close value to the average, I'll buy low/sell high since I'll trust the market to be fairly stable. If the market takes a large dip when I have a large volume of logs, I'm not too worried. I'll wait for the next peak. If the market "crashes" and dips below 160-170, I'll buy a large quantity and sit on them awhile anyways.

So what's my investing tips today? Look at gold bars.
These are on a fast, free fall and the daily price remains below the 180 day average.
You could try buying these a little below market price and selling at market price, or you could try to accumulate a large quantity and wait. The market shows no signs of leveling off yet though, so be careful. You may have to wait a while to see return on your investment, and gold bars don't sell fast. The trade volume is low. If you don't mind your money being tied up, however, you may find a nice tidy profit in a couple of weeks.

Do you like my advice? Disagree? Have any questions?
Leave a comment!

-JBMerch