Club Mulgoa

Thursday, January 26, 2012

RMS

Put a slightly lower than market bid recently and just missed another parcel. With POG rising, gold stocks will be up today. No regret about missing the top up. But I just cannot comprehend the mentality of idiotic sellers. Who is giving them money to throw away? Or perhaps, I am too naive to understand.

When Tokyo Stock Exchange average PE ration was sky high, the Japanese investors were telling overseas fund managers that they don't understand the Japanese market. Some PEs were over 1000. Well, fundamentals ARE fundamentals whatever the colour of the skin or market sentiment. History has shown that Japanese investors are still being punished. Momentarily, the Japanese market was worth more than the US market.

I am a very basic investor with simple knowledge of primary school arithmetic, with no accounting background. But I read.

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