Hello Pezz, Report:
I purchased wallops (in alphabetical order):
(a) Australian Wheat Board finance.yahoo.com at AUD 3.97
(b) Australian World Exploration finance.yahoo.com at AUD 2.58
(c) (added to) Energy Resources of Australia finance.yahoo.com at AUD 14.32
(d) Record Investment finance.yahoo.com at AUD 10.58
(e) Newcrest Mining finance.yahoo.com at AUD 22.80
(f) Woodside Petroleum finance.yahoo.com at AUD 44.75
That covers oil, grain, uranium, financial speculation, gold, and gas in more or less equal-weight blend. I have owned and off-loaded all of the chips before, but this time the acquisitions are meant to be LTBH. To refuse to recognize the interim reality that is up and down, I may turn off the auto-update by nullifying the symbols on MS Money program or Excel spreadsheet tally.
Regarding item (a), it is tainted by a Iraqi export scandal and had meandered at an interim bottom after a 33% collapse. I figure the beast will recover by being off of the news pages after a hopefully whitewash by some investigation committee this summer.
Why now re-entering these shares? Because paper money is no good, and will be less good, and these companies have some items of value, and Australia is an OK place.
In re-entering these shares, I may have once again marked the top, as I did with some junior golds a few weeks back, until getting bailed out by the most generous central bankers.
As I pointed out earlier, ZIMBABWE stock exchange was the best performing market in local currency terms for a long time ... 979900% since Sept 1998.
In other currency collapse episodes, even as shares increased in the relevant jurisdiction, wealth disappeared, because currency went down faster than stocks in aggregate.
The issue is what assets/shares to escape to.
I continue to recommend gold, of course, and now silver, naturally, but wish to spread the volatility, and so dab of this and drab of that.
I feel, given the, markets' resiliency and your current in/outs, speculation is alive and well, and so BurnAndKaput may well raise interest rate several more times until an accident occurs.
I simply need to choose the lesser of all evils, and besides, the above moves are in part done in anticipation of liberating the real estate equity from real estate Speculation Central in the Golden State - Exodus date now moved forward to close in 13 days.
Chugs, J |
