" hate paying too much for shares. Absolutely bloody loathe it....

" hate paying too much for shares. Absolutely bloody loathe it. its esp worse when i held a parcel and was cleaned out at $1.72. So it was with gritted teeth i bought back into ORE at $1.86av today. Now SP 1.845 and i could have been more patient."

LOL. I wrote this just 3 weeks ago. I have a habit of entering positions well but closing too early. SP now 2.62!!! Congrats to holders. New govt makes a HUGE difference. Because Lithium is priced in USD but costs are in Argetine peso.... it boosts ORE substantially. Opposite occurs when Aussie/US company sells products into Brazil or Argentine. A key difference.

Here is a table showing how drastic the currency collapse has been. Doubt the RIO Olympics will be a success.

PS. My ONLY Disallowed was in ORE. Paid 30c sold at $3.oo. Suspect return to $3 mark not too far away.


Monday, January 4, 2016

Here is the tally of 20 “emerging and/or commodity markets” respective currency depreciation against the US Dollar in the last year:

Zambia is attempting an austerity program on the back of collapsed Copper prices, their main export and source of foreign currency, as well has having to contend with an Energy crises.
Rapid inflation, meager growth and a debt default have plagued Argentina for years. Under a new non-leftist government, Argentina recently exited currency restrictions, devalued its currency, cut personal taxes and freed imports and exports.
Brazil is suffering from a major leftist government corruption scandal, collapsing commodity prices, high social spending, double-digit inflation, a recent junk-status rating and a deep economic recession. Overnight it went from emerging market shining knight to emerging market basket case – a stark reminder just how quickly things can deteriorate under leftist, socialist government mismanagement.