hello pezz, today's report:
(i) hong kong is down a blood curdling 4.5% on open, gap down, allowing only time for silent screaming and should massively enhance and re-rate my earlier notified fxp (ultrashort china index) wager, reduce the worth of my shorted puts on same fxp, and drive the desperate lootees towards sure salvation, gold and cash, and negative-interest rate supported hong kong real estate, even as some existing holders of same real estate may be forced to sell their good real estate in order to meet margin and other obligations in such dire times;
(ii) i exchanged some fiat currency for solid pristine and highly pure gold, this time of the american eagle variety, to (a) help balance the trade deficit, (b) return the junk money to the empire for recycling, and (c) support the true - all in all a noble and altruistic act. the coins will be divvied out to employees as chinese lunar new year 'red packet' lucky money for the coming year 4706 (as opposed to the earlier celebrated 2008 - the difference in numbering is, for cb ilaine's illumination, the difference between grand civilization and easy come and easy go pop culture);
i have been giving gold coins to employees since 1998 or there about, and as my employees have been with me for at least that long, their gold savings have done well, earning them gains that put to pale dividends and interests and such devices of fraud, because gold is true.
(iii) while at the bank, i once again asked them whether they have rsumed selling platinum, and no, but confirmed that they still buy back the stuff. the metals window asked me whether i would like to sell back to them the stuff that which i had accumulated from them at average price of 404. the bank offered 1,645. the offer price, relative to spot, is very good, and the discount is tiny compared to norm.
i responded that while their offer price is very good, better than normal, but not yet good enough, and in any case i wish to keep what the bank will not sell.
i had originally hoarded platinum because it was cheaper than gold, and because i wanted to set aside some off-balance sheet asset so as to gradually fund something fun. now the hoard is able to buy 2.5 of whatever i originally intended, and so its genuine purchasing has mathematically increased in a measurable way, as mathe tends to allow.
but, alas, i no longer want to exchange the hoard for the fun, at least not now, not right away, and so the hoard remains off-market, even as s.african mines shut down due to lack of power, in part because china is gobbling down the same s.african power to fuel its reversion to the mean.
come to think of it, china is also importing high water mark record amount of what i had once intended to trade the hoard for - just not as much as china gobbles platinum.
it is a race, platinum vs fun, which will rise the fastest, so that cb ilaine's automotive tail pipe gets progressively more expensive, all in favor of my loot.
(iv) where hong kong market closes may or may not indicate where the usa market opens, and perhaps i do not understand usa as well as greater china inclusive of taiwan, hong kong and macau, as cb ilaine contends, but i think the markets are linked, to share related fates, for a while.
(v) recommendation: do only paired trades from this juncture forward, even if the pairing is only implicit within the business itself, because stuff will go up and down, wildly, at different times.
one can even make money by better for and against oil, simultaneously, and take profit at different times, knowing full well that the pricing will not stay where it is now.
chugs, tj |
