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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 366.54+1.2%Nov 5 4:00 PM EST

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To: pezz who wrote (21335)8/22/2007 11:23:52 AM
From: TobagoJack  Read Replies (3) of 217545
 
Hello Pezz, Today's Report:

However strong my convictions I could not bear to be psychologically burdened to think about profit that go 'poof', so I sold a bit of Yen for HKD and converted the profit portion to on-line accessible certificate gold that is treated as 'just as good' money at the local bank.

The trade was part of the moolah mobilized here Message 23794080 ... a few days of vacation can result in much mineralizable goodness.

The profit, thus mineralized @ HKD 6120 (USD 783) per tael (1.2 oz), is now secured for whatever I wish that I wanted for free. Fun deciding, perhaps until the next wobble.

I had dinner with three fund managers tonight, and am encouraged that I probably will get a chance to do the particular tranche of Yen trade again at advantageous rate (although my balance sheet will obviously suffer in the interim because I got a lot of Yen).

In any case, IMO, mineralizing, even if in certificate form, some interim winnings into gold from here on out is a good idea, as long as the principle that enabled the winnings remain in cash.

The deleverage debacle will continue for a while, and the financial houses are pretty desperate for cash. Events will get much worse.

I am considering whether I want to pull the trigger on two call option long wagers ...

Chugs, TJ
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