Just spent half a day having breakfast, walk around some old town, appreciate an ancient church, and now, under way to another old town, while waiting for lunch. The mode of riverboat travel is like train tripping, except one can decide when/where to stop to look/see and to buy provisions.
I have not had a chance to review the news yet, but did check the price of gold, and think I understand what must have happened in the world while I was snoozing - it got closer to teotwawki.
I figure even the gold bugs did not figure on gold reapproach and pierce 670/oz so soon after 'collapsing' to 540, and just about all, even the faithfuls, are left behind on the gold bear platform.
In the mean time I am wondering when I should exit my paper gold trade, so as to move the center of my gold gravity to the other side of the table, claim some living expense, and preparE paper moolah to buy more physical gold when the gold price drops back below ... say 600.
Perhaps gold will rise to 800 first.
Perhaps when a Chinese-made silkworm adapted by Iranians take out something larger than a corvette from a different navy that pokes where it ought not to.
Recommendation: buy gold, even at current price, for it is a bargain.
Chugs, J |
