Hi Pezz, today's report: I bought enough Zimbabwe Platinum Mines (ZIM.AU), an African share traded on the Australian market, to account for most of the trade volume before 1pm Hong Kong time at prices from AUD 1.32-1.42.
I know nothing about Zimbabwe other than that it is in Africa, located somewhere between its east and west coasts, and have not one clue about the ZIM company's management or financial condition.
I am merely allocating blindly in emerging market resources, preferably of the metallic kind. I instinctively feel it is a safer bet than, say, GE or AIG, Fannie or Freddie.
Given the daily trading volume of the company, I encourage you to buy some and then we can trade small tranches of it back and forth until we have enough paper to buy NEM.
The chart can be viewed at
home.boom.com.hk
... set to English language, and then click to Australia, tap in ZIM as symbol.
Chugs, Jay
P.S. I read about it here ...
Message 17639513
... from Dr. Doom's interview. See, speculation, when done without thought and implemented without method, is easy. |
