steady hand on the tiller

The upward graphical trend of VPG is undisturbed with a likely end of year SP of 13 to 21 Aus$ with a 20 day moving average of 18 Aus$.
Factors underpinning support:
1. UK investors, huge uplift from curreny depreciation of pound. When I bought in , Aus$2.07 to £1.00, now at Aus$1.75....a currency gain of 15% alone.Don't underestimate the number of UK investors holding stock and the huge benefit exposure to AUS$ brings.A great portfolio fit for any pension fund with protection from depreciating currency(£) and commercial property bought at bottom of cycle.
2. European and UK commercial property values expected to rise especially as inflation pressures begin to emerge over next few years.
3. Robust Aus domestic market underpinned by mineral wealth(other countries e.g Canada experiencing similar trade surpluses)leaching into appreciation of all asset classes including property.
4. Ditto NZ since it follows on coat tails of Aus.

Conclusion: Great medium term investment opportunity..2 year buy and hold strategy.You'll never make great returns trying to outplay the market by day trading.