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Re << Dow has gone from over -1000 points down to this. >>
to this. Is not looking good at 6:32 am Monday 16th March Cape Town S Africa HQ
(1) Been up since 4:00am, puttering and pondering.
Feel urge to act, not decisively, and without excess / unwarranted conviction, but to act.
Bought gold on HK market, shall likely top-up when trade start in London, and follow-through also in NY, all depending on whatever who can know.
(2) It sure looks like that the Fed’s mandate indubitably includes saving the empire, as is the BoJ, PBoC, BoE, ... respectively per whatever it takes, and it may take quite a bit given first-reaction to effectively-ZIRP and obvious intention to actually-NIRP
Stocks and bonds must be made to go up, per National Team China Protocol, and in China’s dire case, at most 5% of private person-on-the-street asset is in the market, nothing like 80%.
(3) I remain cautious on everything, including gold / less-gold / more-gold / all-gold / no-gold (i meant paper gold, of course. Physical is not for discussion but for hoarding, as we do toilet paper.
All of our premises, conjectures, theories, concerns, ... to the front now
Happening so fast
Per Asian Financial Crisis, gold is the to-sell item even as we are bum-rushed towards natural / organic / free-range closure of the trade war on accelerated timeline
(4) Speaking of toilet paper, we must keep sense of humor even as we act as if our lives depend on it, because unless we intend to shower after each major toilet visit, must depend on it.
(5) Funnies
(6) Back to serious take, re what is it going to take to turn the tide, science or the good old fashioned way ... even as we are not quite sure whether we are dealing w/ hyped flu or bio-weapon or something in between; a wide range w/ full spectrum of implications
(7) The financial types are taking it all rather seriously, calling for meetings on a Sunday, and so early! With instant replay, like a sporting event. Coming week should be unforgettable but for the truth that it shall blur into the week that just perished.