With the spot POG up over$5 from NY close at $890 and Mt Henry upgrade due within 3 weeks, it makes you wonder why selling hapeneing at 15c.
I added enough @ 14c to get av price of 15.1c and happy to ride out the waves. Gap in chart @ 18.5(or close to it) that needs to get filled. May not be today while those on tranquilizers and those facing large margin calls on their leveraged investments sell anything to pay their obligations, including their spec stocks like KAL.
Marging lenders are worth short-selling as the number of investors defaulting on their shortfalls skyrockets.
CFD's are a great trading tool but too many traders have never experienced a bear market or such volatility and their inexperience is going to create a mini sub prime crisis in Oz. A mortgage, a credit card deep in the red, and now the margin lender wants cash now = sell the investment property = lower house prices etc etc.
DOW finished near highs, USD falling, rate cut in USA easrly next week = all good for gold.
KAL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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