Club Mulgoa

Friday, October 25, 2013

Review of buy performance since 1/1/13

I have always maintained that it is best to buy when people are dumping for no reason but the FUNDAMENTALs remain good.

POG had been hammered but whatever the ETF mobs are selling, the Chinese consumers are mopping them up.  Hence, there appears to be a floor on the price of gold.

In the meantime, the price of oil hasn't done too badly because the US and European markets appear to be picking up.  The Japanese has improved and the Chinese has not gone backwards.

What I am more interested is in those (bought) shares that have fallen further and less keen on those that have gone up.  These are SLR, WHN, LRL, RRS, PVD (one parcel up a lot and the other down marginally), TON (down and up), NST (up and down), KAR, CDU, RIO, ABU and CTP.  More have gone up  :-)

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