Hi CAS777 and all,
Or a nice buy for any opportunist trying to build up a reasonable share-holding at a terrific entry price point.
I guess it’s just the different way people look at things the seller feels negative and the buyer feels positive; happens every day in the markets otherwise we would not have a market!
The none sharer holding rodent trolls of course will always have their negative slant on things for reasons best known to them and their masters.
Personally I am not moved by such negative comments made to deter current and possible new holders, all I ever see is a hamster running around inside a wire wheel; kind of pointless!!
Strange action in the Gold price this week; up and down like a new bride’s night gown!!!
I see the share market traders finally worked out how they feel about the FED 100% rate rise from 0.25% to 0.5% this week. Apparently they have decided they are not happy if the 376 DOW point fall is anything to go on.
I looked at the DOW chart and noticed back on 19
th of December 2014 it was at:
17,804.80 and closed yesterday 18
th of December 2015 at:
17,128.45 so it’s gone down some
676 points over the last twelve months. That also includes a recovery from the August low of
15,666. If the Plunge Protection Team are planning on the usual feel good Christmas market rally I fear they may have some work on their hands if they are going to get it over 18,000 to make it worthwhile!!!
https://www.google.co.uk/search?biw=1920&bih=922&noj=1&q=dow+jones+chart+1+year&oq=DOW++chart+1+year&gs_l=serp.1.0.0i7i30j0i8i30.7449.9534.0.13164.5.5.0.0.0.0.264.958.2-4.4.0....0...1c.1.64.serp..1.4.957.EZYugGlbhns
I think the next shoe to fall will be in the junk bond area; particularly those sold to raise money for the USA fracking drilling programs back when oil was around the $110.00 level instead of under the $35.00 mark yesterday.
I’m sure if an Aussie had seen a similar move in his property value mortgaged to bank at even 80% both he and the bank manager would be sweating at the moment.
Good luck to all holders, keep the faith and have a safe and happy Christmas and let’s hope we all have a prosperous New Year in 2016.
Cheers and very best regards: Andy
(20min delay)