hello pezz, today's report:
(a) <<Oil.... the wild card IMHO is Israel. An attack and 180 it is (or more)other wise world wide demand destruction may finally pull her down to 90>>
i suppose my operating assumption is that it be time to be careful. i mean, i got a hint today when told that the double oil short etf finance.yahoo.com just triple fell to zero reset state. notice how the etf's capital committed grew as its value fell to zero.
these are not normal times, i suspect.
(b) asia is having a 2% down-day and ... let me see ... everything on my hong kong watch list is crimson, a lovely shade, except two green spots, one be chaoda, my china agri hoard, and the other, fxp, the china ultra short.
(c) received an e-mail from a good san francisco-based moolah manager, something about, and i quote "Since I am shitting a brick about some of positions, I just spent about an hour ... I can see why you are a hoarder of gold. I do not blame you at all", unquote. you see how regret preceeds redemption, leading on to salvation?
(d) the capitol hill gang is about to rob either somebodies or everybody, and my suggestion is that:
capital flight is a state of mind
physical gold is freedom
buying physical gold is escaping, metaphysically
hiding physical gold is escaping, physically
getting the stuff offshore is difficult in large quantities, but well worth the problem
(e) when i was 5, my parents and i visited hk for 6 months from the mainland, to methodically prepare for an exit, to see how we would acclimatize to life outside of then communist china. the experiment was a success, and so we returned to china to execute the exit.
upon return to china, the gates closed, and cultural revolution was formally announced. from having gotten used to summer on the island in the middle of summer palace and holding english picnics in the back lake, we eventually ended up in a one room mud hut with neither electricity nor running water, and only two or three ingredients for food for a whole year. my dad was an optimist and a faithful.
we eventually exited, on 700 dollars borrowed funds, 5 years later. the experience was costly, but has proven valuable ever since.
then there is the puzzle about the jews in old germany of the 1930s, when most saw it coming, but none believed it would get 'bad enough' or 'if bad enough, then not long'
recommendation: hoardeverything, and in accordance with sun tze, the strategist, "of the 36 strategems, walk away is top course of action".
chorus, in rap style: chaos is a gift, crisis partner, volatility friend, lonely path right way, survive, to fight another day.
chugs, tj |
