Current bear sequence is faintly annoying…

PUBLISHED: 22 Mar 2012 @ 10:14 | Comments (0) | More info about Clem Chambers

If we go on another rally I’m going to do very well, but as the summer slump approaches I should be prepared to take a bit of a kicking instead.

We are now in a little bear sequence and it’s faintly irritating to watch the profits bleed. Even more annoying is the fact I’m not finding many new shares of interest, which is the investing equivalent of watching a second division football match in the rain which turns out a nil-nil draw.

Meanwhile I’m interested to see if the UK’s boost in gold reserves is a result of a rise in gold’s value or because it has been buying. If the UK is buying gold it is very interesting indeed as this would be an amusingly inflationary policy designed to suppress the pound and swap a hard asset for confetti.

It is almost comical to see the Euro pound nailed at 1.20. The days of free markets is now long gone.

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