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Waiting for Beeks...


Gold $407 Silver $6.75 Friday 3 September, 3am Sydney

G'day. What a boring session with the metals following the dollar in a broad sense. Nothing much to add to the obvious "sit and wait for the numbers" theme that pervades all sectors of the market today.

India is still an importer at current levels. Physical market is still very buoyant. Range $402-412 and we're in the middle. Reckon we'll probably hit both sides of the range in the next 24 hours although I don't know in which order it will happen!

Silver still hanging in above the $6.50-60 level for the time being and building a solid base from which to move higher should current conditions remain.

Oil is a wild game and I have been watching the oil/gold ratio closely. Gold is way cheap in oil terms.

I suppose everything is up in the air till the numbers and speculating what will happen is a futile exercise. No use second guessing so I am just gonna wait till the number drops and then take some action. What the numbers come in at is a guess and one may as well toss a coin - This method is not in the prescribed risk management handbook that I learned from. Tight stops and scale your risk to suit the situation and then .... Wait.

Some randoms....

Is Serena Williams serious, wearing that outfit at the U.S. Open?

Property bubble? What bubble? Leaking?

Deficits DO matter.

Ski Lodge races on Saturday for the last time before heading to the breeding barn and a romantic date with "High Yield", a huge U.S. bred stallion that travels down here for the southern hemisphere springtime. We really need her to run 3rd or better this weekend, for the breeding books and future offspring value. Even my Mum is gonna watch it.

Regarding the Minyanfest in the mountains, no one ever answered whether it was "Butte as in backside or Butte as in Beaut". I have and will call it Butte as in Ar$e, until informed otherwise. There are so many directions this could lead, except none of them would pass muster in polite company.

Waiting for Beeks tomorrow.... Till then, have fun and enjoy the rest of your day.


Posit in gold and silver.
position in gold & silver

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