Hello Pezz, Today’s Morning Report:
I just sold another two dollops of paper gold at HKD 3557/tael. I am holding the sales proceeds in HKD for lack of any better ideas.
Money management is a lot like sailing, once the boat is out of the harbour. There is no null position.
I have 16 more dollops of paper gold left, down from a peak holding of 64 dollops.
I hate it. I hate to sell down my hoard of paper gold, but, however unnatural it feels, I must sell down the paper gold, before someone else sells down its value for me.
Having thus sold, I sincerely hope I will be rewarded for my bravery and get to see gold again at USD 350/oz, even if for a few days, for I promise to be a faithful bug from that point onward.
I have 32 dollops, or 10.67 tranches, of the physical gold, and 4.92 dollops of physical platinum, and I mean to keep them until TeoTwawKi kingdom come or Armageddon empire gone, else I will never see USD 3k/oz for gold, and USD 6k/oz of platinum.
Chugs, Jay |
