Good morning Pezz, Dusk Report:
Not a single bomb has landed on Freedom Mountain Hong Kong, but I have never-the-less surrendered by converting a dollop of CHF and EURO into HKD. As you know, our HKD is a surrogate of your USD, and it is more conveniently used to buy (a) HK and HK based China shares, (b) paper gold, and (c) CHF, EURO, AUD, CAD currencies in Hong Kong.
This latest move back-tracks an earlier move which in turn back-tracks an earlier still move, move, move, move, ... I cannot stop myself ...
I have raised HKD allocation to 6.9%, lowered EURO to 3.96, and CHF to 3.98% of gross asset.
HKD:CHF 1.3861
USD:EURO 1.0601
YTD NAV gain has been reduced to a mere 0.49% from a January peak of 4.3%. An absolute rout, total disaster, utter defeat, and … oh, lets surrender a little and wait and see.
BTW, in hind sight, my earlier and massive liquidation of EURO and wading into CAD was brilliant, else I would not be surrendering, but busy dying. Samo samo for the sell out of the precious ZimPlat, as that outpost is now under heavy pounding.
Chugs, Jay |
