XAO 0.35% 8,039.9 all ordinaries

Haha yeah.. It's not looking real pretty at the moment.. I also...

  1. 1,371 Posts.
    lightbulb Created with Sketch. 369
    Haha yeah..
    It's not looking real pretty at the moment..
    I also see most of the US futures are currently down over 1%.

    I had never imagined that the US journalist killed by the Saudis in Turkey would have such a big impact on the world markets, they all seem very fragile at the moment...


    I had initially bought back into a few 'high conviction' but riskier plays last week as I had assumed that the brunt of the "correction" had already passed.
    Now, I'm not so confident it has and have since sold out of them..


    I bought into a few Goldies yesterday and late last week.
    (DCN, RRL, WAF, in that order)
    Mostly "up and coming" producer/developers stocks who have plenty of price/growth catalysts from increasing Gold production.
    Trying to find the next AMI type of run, now that they are producing a bit less gold..


    Gold is really starting to look like one of the only "Safe Havens" around at the moment.
    Today alone it has US$12-$14 alone and just tested the recent break out highs..

    1 hourly Chart
    Screen Shot 2018-10-23 at 2.20.14 pm.png



    There's a really good podcast I've been listening to for a while now called "The Investors Podcast".

    The Investors Podcast is hosted by 2 guys, Preston Pysh & Stig Brodersen.
    I highly recommend it.


    Today they put out a podcast about investing in Gold.
    Definitely worth a listen if you're interested in this space.

    https://www.theinvestorspodcast.com...esting-gold-silver-platinum-w-david-mcalvany/
    Last edited by radx: 23/10/18
 
watchlist Created with Sketch. Add XAO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.