Doom and gloom

Lots of news like that around.  The USA has not started printing money but the market there is expecting that to happen so the DJI rose yesterday.  The Chinese ports are piling up with goods that can't be sold; factories are churning out stuff that people can't afford to buy, and some are curtailing production, raw materials have been stockpiled.  Japan has been in the doldrums for a long time and now picking a fight with Chinese and Koreans over tiny islands.  Greeks still not taking the bitter medicine.  India is facing economy slow down with an unpopular government.  Middle East has always been Middle East, an endless squabble arising every few seconds.  African is full of tribalism generating an endless squabble every few seconds, too.

In the midst of all this, the current government has imposed MRRT and Carbon Tax.  Brilliant!

Just when you think you should sell... you will find takeover fever might emerge.  I had been pondering whether to take my profit with AGO as it keeps tumbling.  Iron ore price has been falling in line with China's quandary about the steel industry.

I have nothing to advise other than to watch the price of gold.  My own portfolio was recently cushioned by gold stocks.  But when all markets are down, gold usually eventually follow suit.