c2, my comments tagged to your notes
Lots of portentous info out there:
... there is great chaos under the heaven, and the conditions are excellent. be ready to to count more blessings
in the mean time, buy some natasha bedingfield hot tunes, and chill out
youtube.com
youtube.com
youtube.com
and get some good flicks to wait for the opportune and psychological moment
youtube.com
copper way down...10 year rate plummeting...trouble in Eurozone...oil tanker rates down...China tightening...QE2 ending...oil high...SGS predicting a substantial negative revision in GDP...housing still in dumps, no recovery there...unemployment still high...Japan too quiet about Fukushima
... all known knowns, so ... go get a reflexology treatment, do a good meal, wait for china lightening, and onset of qe3, also all known knowns
Well, at least Osama is sleeping with the fishes.
... inconsequential, for what he started is just getting rolling, which is more material, although not yet fully priced in, not by even a little
Toil and trouble, bubble, bubble, to quote wazzis name
chaos is a gift, crisis a partner, volatility friend, lonely path right way, survive, fight another day
and as and when the psychological moment is upon us, we must not hesitate, but make the trades that define who we truly are
we sport the biggest weapons, our understanding of the script
we wear the best armor, of gold
we have nothing to fear
we only have single mission, as and when, to do god's work, survival of the fittest, loot of the slowest, and to make sure each and every one of our back flips, side swipes, front dashes and cartwheels result in at least one spot-on kill
My take is that though we are not near criticality yet, we are getting there. When it happens, the USD carry trade will unwind to some degree or other, and USD will likely go higher, to Bernanke's (and gold's) chagrin.
Thus, gold might suffer, too, just like it did in '08. But that's OK for when investors shake off their fear, they'll see US rates at rock bottom, even perhaps lower than now, and then gold will go higher.
Gold will in all probability get to 1600 this year but is going to have a heck of a battle in that range. Note that gold has been winning these battles at the pivots, including the critical one at 1100, but that the toll has been high. It seems that it takes longer for it to re-group and go to the next level. A bit of fatigue seems to be in play.
... gold is actually stronger than i thought it could be ... quite impressive really ... gold shall be the last one standing once the arena goes deathly quiet, and those wearing the gold shield shall comprise the clean up crew, to complete god's work
Might be time to cash in a bit, buy lower later if, as I think, we may have a replay of '08, i.e., DUGD, as you might put it, though definitely only on a temporary basis. We might have seen a bit of what's coming a few weeks ago, but on a smaller scale, when gold went to 1570, then plummeted down.
... give or take, i am at about 8% equity, 45% hk real estate valued at cost (as good as gold and best bonds, in my mind, or as bad), and rest at about 50/50 physical metals paper gold / cash (hkd and cad, 50/50), no debt.
can not get more conservative and more defcon 5 alert
comments appreciated
... hope above was helpful
last note, given what THEY already did do to out-of-control Kahn, i now am more confident than ever about the eventual onset of qe3
whatever is heading our way shall scare the cr@p out of us if we did not know the script beforehand, but we do
use the knowledge to our advantage, to make ourselves stronger so that we can help as and when
here is to god's work
he took 7 days to create the world
he can bring it down in a flash second, because of the unholy leverage
all very exciting
cheers, tj |
