hello pezz, last night's report:
(i) i sold a lot of covered call contracts gold miner etf (gdx) december strike usd 43 @ usd 3.50+, thus committing 65% of my gdx holdings to a bearish wager, and had the proceeds placed on usd call deposit, believing that while the usd is worth-less, it is not worthless, at least not yet, and certainly not before onset of 2010;
will use the newly generated cash to offset obligations to do with renovation of the beachside rental's renovation, so that i can engage with more gold out of the eventual rental flow.
the virtuous circle marked out by gold, gold shares, cash, rental units, and gold once more is a good circle, going round and round, inflation, disinflation, deflation, and disdeflation.
(ii) watched old movie "murder by numbers".
(iii) will return this day to money rock hong kong by way of liberty isle lantau airport and freedom mountain kowloon tunnels. thankfully we will have an entire sunday tomorrow to equalize koh samui holiday and hong kong go go go pressures.
cheers, tj |
