Club Mulgoa

Friday, April 08, 2011

Price of gold and oil

AUD$1 is now worth USD$1.05 and MYR$3.19.

POG is USD$1476 and POO is USD$113.

Wall Street does not like uncertainty in Washington.

So unless there is a resolution in the USA stalemate, the ASX is going to go down on Monday. But I hold a lot of hopes for my stocks in spite of the sentiment. Why worry when POG and POO are up?

My bigger worry is Japan. Henry Ford once said that you can have any colour for your Ford as long as it is black. Now Ford America is saying that you can have any colour as long as it is NOT black. Why? The black pigment comes from Japan. Eventually, the markets around the world will realize that Japan is an extremely important economic zone. And it is undergoing a nuclear decay!

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