hello pezz, today's report:
(i) I decided to work diligently from home today, so that i can pick up coconut from kindergarten and see her face as she steps out and breaks into a smile – worth a lot to me;
(ii) Today is also a brilliant day in HK, ‘not too anything’ as coconut would say, and so I will take erita and her friend paul in the afternoon to Ocean Park, to say hi to the panda family and check out the sharks;
(iii) I bought some certificate gold @ HK$ 8,039/tael, because according to empire’s government there is no price inflation, per empire’s central banker, inflation may become a permanent feature, and mean nasty while, interest for money on deposit in healthier parts (subsidiary, branch, whatever) of stronger banks are not worth anything, and digestion of recent real estate purchases must take precedence over additional additions.
besides, at this price gold has effectively tapped its 1981 high and current breakout point, new buyers have paid their dues, all could be well again – yes, yes, and yes, I suppose that the psychology can take a bit longer to recover, etc etc.
another point, with the serious damage by earthquake of cities in China, more printing of paper money should be a given, and so I suppose inflation will become tamer still as we print our way to money heaven.
(iv) I am not willing to short energy at the moment, am uncomfortable to seriously load up on ultra long gold, but may start to add back short positions in the usually suspect sectors – because the culling of bulls ‘bearly’ got started if at all;
(v) In the mean time, I have put these wonderful videos on repeated loop so as to better OD on the tunes
youtube.com
youtube.com
youtube.com
youtube.com
youtube.com
youtube.com
youtube.com
youtube.com
youtube.com
(vi) I have booked a holiday to Indonesia for self and extended family for December, while the booking is still good.
Chugs, TJ |
