Yep, I'm waiting for a decent sorrection so that I can buy back CSR, ABC, DOW and TOL. Nice money there, but I'm patient. No, I'm not all cash and never have been, it's a figment of your imagination as usual.
Markets haven't folded as per the goldbugs predictions, there's been a small selloff, which goes to show that the Cyprus drama is a storm in a teacup blown out of all proportion.
In the meantime the gold bugs are sitting on the second worst investment on the planet hoping things will improve.
The last 12 months:
S&P500 +10% XJO +20% HSI +10% DAX +12% N225 +25%
-------------
Gold -4% Silver -11%
Owning gold and silver must be like owning a car that keeps breaking down, I'd have traded it in for a new one by now.
I've bought a new toy, from Japan, good exchange rate, to indicate my confidence in the world economy.
