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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: pezz who wrote (17048)4/15/2007 4:34:20 AM
From: TobagoJack  Respond to of 217573
 
hello pezz, today's report:

sunday, busy day.

(1) put in an order for more paper certificate gold executable monday morning HK time, whatever the price

(2) revalued physical gold from 600 to 650 on the books

(3) reviewed the status of is, and noted that the currencies, particularly the euro, aud and cad, has moved quite a bit over the past few weeks up against the usd and more worryingly, the yen.

the usd going down against the euro is only natural, even though both are fiat paper currencies.

the yen moving down against the usd, and more so against the euro, is unnatural, and should correct - when so, watch out in all asset space.

FWIW, be careful. The tech rise in your space feels unnatural, forced, and very uncomfortable.

Chugs, J



To: pezz who wrote (17048)4/16/2007 12:22:13 AM
From: TobagoJack  Read Replies (1) | Respond to of 217573
 
Hello Pezz, Today's Report:

I just exchanged a packet of fiat paper HKD for paper gold certificates, at HKD 6404/tael (1.2 oz = 1 tael).

The fiat money was just being lazy and napping in HKD domain, and I am not feeling good about anything tied to the USD and its regime.

I fear that the major regimes are all caught in between different rocks and hard places:

China: between unemployment and inflation

USA: between economic stagflation and asset price deflation

Japan: between currency implosion and trade explosion, on the one hand, and currency reverting to mean and global asset value reset on the other foot

Europe: between ... well, actually europe seems still OK ... growth OK, prices expensive by global standard but trades mostly amongst own group, interest rate low, savings high, no wars to speak of, etc etc ... will suffer as Yen tanks against Euro, and just caught between USA and Russia, and so presumably must make nice with China - complicated

Here is an equation:
China reserves grow at rate of USD 1 million a minute
USA deficits grow at USD 1.5 million every 60 seconds
... let me spend a minute checking the sums ... yep, the numbers are correct ;0)

That works out to be 7 dollars per day every day out of your pocket into some of my neighbors wallet.

Recommendation: buy gold.

Chugs, J