Wednesday, July 27, 2011

In And Fingers Crossed

I lost my motivation to trade with traveling and the odd job here and there. Back in Sydney for a while after two months in Thailand again and a month in WA.
The bank account needs to regenerate so have dipped my toes in the water (market).
Think I have managed to buy low and will trade out on any significant drop in the gold price which looks like making US$1650. Holding ADU, ROL, KSO, OGC, IAU and showing some healthy gains already with the exception of KSO.
What amazes me is that gold shares seem to be lagging the gold price my hope is that the cousins overseas manage to put their house in order which should see the US markets react positively and continue their bull runs.
Gold should hold support going forward at US$1600 and traditionally gold shares do follow the market up even if the gold price stalls a bit.
Giving myself 4 to 5 weeks to make myself some money and then its back to Thailand.
I just cant escape the rain it followed me all the way from Thailand to Perth and now to Sydney.