Club Mulgoa

Monday, September 05, 2011

Gold gold gold

If it isn't for my gold stocks, and TRH, then my portfolio would have been without alpha today. My alpha is not positive but rather less negative. You cannot override market trend. There is a good reason for market to fall today but gold is proven to be a good hedge.

Physical gold is too hazardous to keep. I prefer my stocks in cyberspace. My penchant for gold stocks has started to pay. Not only are they positive on down days, they are also uncovering more gold.

Someone is buying up TRH. The value has been going up and the management has no explanation for its rise and rise. If you look at the in-ground value of its potash, then you can understand why.

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