Sweet little bunnies
I had a busy social calendar over the weekend so I had no idea what was happening in the world past Friday 4pm when trading closes 🙂 Oh I check occasionally if any sort of war had erupted, but it seems the panic has already begun. Someone or something, or somehow, gold was sold off — discounting the precious metal by more than $50! I have 2 little girls, so I was thinking, that I should invest in fine jewelry for them (which I can wear till they are ready hehehe). Alright, so no matter that I think the jewelry is an investment that will grow value in the future, I just couldn’t touch it the prices of the last few months (even if I was in “gold paradise” – Singapore). So now, finally, a discount.
You may remember I talked about gold being a “hedge” or “safe haven” against the debt issues, so I don’t believe its price level will fall continually for the year, up and down it will go I think. The EU debt issues is likely to come around again and gold will defy gravity once again. Perhaps the video below can enlighten you.
With my stock holdings, STO was also down along with the commodities, but I consider it within the volatility range of this stock. Also there is the 4th Quarter reporting on Friday 19th of Apr, and judging from the last reports, fundamentals are sound. So, hanging in there.
BHP and me, still in getting to know you stage. I have of course been tempted with steep discount so many times, today gave me a strong pull too. As soon as the Chinese GDP data came out at lunch time, the stocki price slid for 50c not even for a minute, and that order was probably big and transacted many limit orders. I though it would recover from the pits of hell after lunch, but there is a big chance that US market will also react negatively on it. No, I am not waiting for a “bottom” as nobody knows where that is, I am waiting for for confirmation within my timeframe that the move up is happening (plus of course, volume). Just be aware that though it looks like it’s still a bargain at this stage, it’s still within striking distance from 52-week lows. The Quarterly Report is also happening on Wednesday and I am not too sure it will be a good one. I welcome further discounts.
Yes, BHP and I, we’re getting more and more intimate…. but so far I have targeted my attention to sweet little bunny chocolates. The figure from the scales are up, but at least I am able to preserve the cash 🙂
Here’s the video on gold …
