Hello pezz, Last Night’s Report:
<<today's report bought back some NLST for 4.70 (actually LESS than i sold it)>>
consider off-loading nlst for a quick gain finance.yahoo.com
After I sold down Message 26184366 90% of my paper gold position during Money Rock HK trading hours before lunch, which took about two hours in repeated input of max-allowed on-line instruction amounts :0) I did below:
(i) Enjoyed a good lunch of pot stickers lightly coated with chili sauce
(ii) Attended 3:30pm “Avatar” showing youtube.com ; the dialogue is corny, but the movie is visually spectacular and spiritually uplifting, premised on central theme that imperialism must be extinguished. Recommended, the movie and its premise.
(iii) Chaired the property club investors’ yearend dinner at the Maison 1882 Residence Jean-Paul timeout.com.hk
(iv) offloaded the last 10% of my paper gold (gld) that I was not able to unload during the earlier HK offloading.
I am now positioned just so:
cash @ 23.73% (hkd/usd 16.9%, cad 6.1%, euro/chf/rmb 0.73%)
bonds @ 2.16%
physical metals @ 17.49% (50/50 au/pt value at 1100/1400 mark to mark, 56/44 au/pt in oz term, w/ gold cost basis at 404).
certificate metals @ effectively 0% now. paper gold was at 15.71% to physical at 17.49%.
the now effectively closed paper gold trade was a substantive trade deliberated/executed in march and was explicitly targeted to materially lower the cost basis of physical gold holdings so that still more physical can be engaged with underpinned by healthy psychology.
in on-line unreal tournament war scenario terms, i think of the trade as a recon in force, to flush out the enemy positions (discover interim trading band), strengthen own stance (lower physical cost basis and harden psychology), so that full formation can charge forth to do real savaging wet work.
rental real estate @ 40.17%
equity @ 16.45% (energy 3.6%, gold mining 5% all obligated by covered calls, others at 7.85%)
i figure i will re-engage with certificate gold at 1030 and below, maybe as paced for as low as 900, and would concurrently engage with certificate platinum and silver; and the next round may involve leverage upto 50% of my overall nav, because it may be time.
tout ou rien :0)
Cheers, tj |
