Hello pezz, today’s report:
(i) I got notified to take possession of a load of physical pandas later this week purchased here Message 26508431 (may 4)
<<engaged by special order for and on behalf of friends and jack, contracted for more panda gold than i can carry, at price of usd 1,221/oz, to be delivered in two weeks time fresh from the mint of the new sovereign. the idea is that jack should not be at a disadvantage to the coconut when it comes to education trust funding>>
(ii) I am feeling rather good about gold, and whenever I am so ‘disposition-ed’, I fear, and so I sell down gold. In this instance I sold off 50% of all that I purchased December 24 through January 11th (see below) at average price of hkd 11,190, and recognizing enough net margin to pay for above (i) with enough left over for walking around change.
I now feel better, and am more inclined to buy paper gold should it tank when and if some sorry EU nation announce gold sales to pay for its wastrel ways, and do same with gdx and its derivatives.
I am happy to hold my positions until at least tomorrow. I could not sell more paper gold today because I simply ran out of time when the on-line bank metal desk closed for the day.
Message 26235261 (jan 11)
<<1) exchanged a lot of paper for a lot of paper gold, and am now in debt as a result, but for good cause, I figure.>>
Message 26225483 (jan 6)
<<i bought back at hkd 10,374/tael the remaining 2/3 of all paper gold i had so astutely unloaded back on december 17th>>
Message 26199855 (dec 24)
<<i could not help myself, feeling the palpable sense of impending financial disaster somewhere for someone by some strange ways, and so i sought salvation by engaging with 1/3 of all the paper gold i had earlier sold (sold at hk$ 10,434/tael), paying my dues at hk$ 10,197/tael (1 tael = 1.2 oz)>>
(iii) This trading business seems easy and fun. Thank goodness for internet, computers, cellular this, and broadband that, as well as on-line everything else. Just fantastic.
Cheers, tj |
