Hello Pezz, Today’s Report:
(i) I sold a lot of my paper gold, at HKD 6,123/tael; they were purchased at various times earlier noted:
Message 22784336 @ 5,940/tael
Message 22780625 @ 5,860/tael
Message 22763828 @ 5,709/tael
Before the first purchase noted immediately above, at 5,709/tael, I had liquidated here Message 22658071 , a link that spotlights the earlier iteration of buy-in at between 5,300-5,800/tael, and turning tale on the tael at 6,015/tael.
Beautifully played, if only I admire it.
(ii) In any case, I have turned the moolah into Yen, to back track on this earlier wager Message 22770947 (Yen to Euro exchange) that also turned out to be beautifully played.
And now, I sit back, watch the Yen Carry drama, and wait to (i) accumulate more physical gold in exchange for gains generated from paper gold, (ii) buy back paper gold so that I generate more taels of gains with which to accumulate more physical gold.
I like the market energy, I enjoy the to and fro, I relish the up and down, and I anticipate a spectacle that ought to shock and awe, biblical fashion, framed by crimson mist and Dolby-surrounded by screaming and shouting.
I still have taels of paper gold (30% of original position), to unload on the salvation-seekers, should my judgment be wrong about either price and/or timing of above turning of taels.
(iii) Reminder: fear is a survival trait, and panic is rational.
Chugs, J |
