Sunday, August 7, 2011

Clobbered and I saw the Possibility

GFC2, debt crisis, recession whatever you want to call it arrived last week and king hit me, all stocks exited apart from KSO and ADU didnt even know it happened really. I was caught with my pants down I was caught on a contract job and failed to listen to any media or access the internet. Three stocks hit stops, KSO and ADU still holding up I have decided to hold as I see some money possibly coming back into some gold stocks.
How low how long this bear market will continue is anybody's guess worrying times ahead.  Now I have some cash its a matter of picking a reentry point, this however could be months away even longer. Gold has gone through the roof and $US2000 is not unreasonable now if we see a QE3 arrive. QE did not work before however it looks like we will get more so the object now is, make some money when the market picks up, Cash will be king again at least for us Australians.

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