Club Mulgoa

Friday, November 23, 2012

Yoyo

Don't buy a yoyo.  Just watch the POG.  It used to be a hedge but now it is a fiscal toy.

Never buy gold on a day like yesterday where it went up over USD$1750 per oz.   Pick the day when it crumbles below $1700 per oz and then wait for a day like yesterday.  Hence, on Monday, how can I not collect alpha?  I am laden with gold stocks...

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