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Dear all,
I meant to post this before I leave but just got caught up in so much last minute stuff as we left at very short notice.
After market close on Friday, we decided to take a break over this period for a week.
This is to recharge batteries during a quiet and hard xmas week to trade.
I wish you all a very happy Xmas.
Looks like the market still wants even more up.
Just got to let it do what it wants to. With Ms below and also high trim Friday I am reasonably confident of a decent down period coming soon.
All the best
Plan your trade, trade your plan!
happy holidays everyone
Dan especially for you http://www.youtube.com/watch?v=jDYxIntaQug
When you put money in a bank it is not considered an asset. You are considered an unsecured lender to the bank so far as the law is concerned. Be careful…. :p
If you apply 1970’s calculation methods to unemployment in America it is over 20%! And inflation is in double digits.
Gold:
Merry Christmas everyone…. Have a golden Christmas and New Year!!
This was written in April 2013 but even more relevant today.
http://www.zerohedge.com/news/2013-04-27/guest-post-physical-gold-vs-paper-gold-waiting-dam-break
It’s fascinating that as the paper gold price is forced down, physical gold demand increases from non west sources. At what point does it snap? When there is non left? lol How would they price paper gold then? It’s rather fascinating if you ask me….
I just registered with The Singapore Precious Metals Exchange.
Given jurisdiction may become an issue down the line for where your gold is held, I think Singapore a sensible place to store gold.
It is 100% backed by physical gold so no daft paper money nonsense. I suggest you get an account even if you don’t use immediately, as when the clamour for gold starts you may be in a queue or be unable to open one. They allow you to trade gold as well apparently, but haven’t fully looked into that as yet.
The guy who is Chairman of the advisory board of SGPMX is the guy expecting gold equivalent to excess of 50,000 USD, once the paper gold:physical gold tie breaks down. He says in an interview I saw that ‘Hyperliquidity is the mother of Hyperinflation.’
Twitter down nearly 10% after downgrade.
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