Hello Pezz, Report: Purchased more certificate gold and Swiss Francs and disposed of the tick-by-tock worth-less paper known as USD/HKD complex that is pretending to be money.
I am scared of the USD/HKD because at the mo, its caretakers are intent on defaulting on their obligations to all, including its electorates, and its holders have too much of it, as benchmarked by the high watermark of all human history for any currency in all known galaxies. This qualifies as the penultimate overbought condition.
The ultimate overbought may be the assumption that 'this time it is/will be differrent'.
Yes, I know, the Swiss can charge a negative interest rate eventually, but we are not there yet, and ok, I know, gold is not recognized by any national authority as money, but gad, Fort Knox is not empty, as far as we know.
I am looking at my gradually larger and taller pile of Canadian energy royalties, and I am scared, for when housing goes, all may go, energy, gold, dollar, whatever else.
I have maintained my shorts against housing by holding firm, with trepidation, as the position gets larger due to increase of closeout price (as opposed to incremental new add to shorts :0), this is the same as if I had added to my short positions by taking out new positions.
Housing is going, going, and soon to be gone, and likely not by auction, but by Sudden Dramatic Realization Leading to Galaxy-wide Repricing. Ready to add to shorts as soon as EP gives the word, however tentative and hesitant.
Today, on my screen, a satisfying shade of red that added to my NAV and spirit ;0)
Looking forward to more of the same, for the time seems about ripe when the big fruits become low-hanging fruits.
There ought to be talk of helicopters and money in the same sentence soon, to fight deflation, of course, but of worth and value, not of money supply, never money supply, for that is forbidden.
I am preparing for the day when my bottle of Starbucks Frappuccino costs USD 5 instead of 2.6, and by my reckoning, that should be within 60 months.
Thus positioned in fact and in attitude, motivated by a balance of fear and greed, we can now wait and be entertained, as in the case of a chess game.
Chugs, J |
