Thursday, July 10, 2014
Gold is up, markets down. Ho hum.
So according to CNBC (who I watch for 5 minutes in the morning while having a smoke), the markets went down because
1. people are scared of a shitty little bank in a European backwater that never recovered from the Euro crash;
2. something something Israel;
3. some number out of China;
4. oh and European industrial production hasn't recovered yet.
In reality I think they're selling Europe because they had bought Europe thinking the recovery would take 6 months.
But gold is up, and Rio Alto's up 10% this morning, and the True Gold warrants are almost in the money even. So I don't care, I'm happy.
I actually sold my CIE.TO on Tuesday, but that was cos the chart was starting to look like it was rolling over and I was going to be incommunicado all day (I still work for a living you know).