You wanna know what I think? Everyone has been rocked. First gold, then iron, then oil, next your job. Oh and according to todays Australian the whole commodity market is possibly being rigged with the major U.S banks pulling a lot of there commodity trades causing lower liquidity - hence easier to manipulate the market.................. or so the theory goes. But I digress.
Honestly my gut tells me buy right now. Gold is probably going to go up, I mean every bloody country is actively trying to devalue there currency. Gold must go up right?? Probably not.
My problem is not even cash now. I've just lost time and again on stocks that should be winning. Who can be bothered with the risk now, cause the is absolutely no value being attributed to it, it's all downside risk, and any whiff of profit slashing and it's the slaughter house for investors.
I sold my TAP shares yesterday. I can't even bring myself to even go over there and announce it.
It's just savage.
TRY Price at posting:
47.0¢ Sentiment: Hold Disclosure: Held
