Wasnt really an investment decision - I just like shiny coins. Nice an addiction makes me money. All the other addictions cost me...
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The jobs report was better than expected, but market worries gains will be fleeting without stimulus
https://www.cnbc.com/2020/08/07/the-...-stimulus.html
stimulus will be extended i would say , see gold finally getting the profit taking had to happen.
check out the dow jones utilities big ascending triangle in play when it breaks upside should be a massive rotation into utilities . probably flow into our utilities although i see there has been a sustained investment in the likes of vct , spk , cnu already so leaves plenty of catchup for the gentailers esp on positive smelter news . lots of speculation closure will be delayed in the newspapers
New 'final decision' on aluminium smelter in four to six weeks, says Forsyth Barr
https://www.stuff.co.nz/business/122...s-forsyth-barr
The Economist finishes an article entitled 'The Trouble with TINA' by saying
"Sooner or later investors seduced by ceos’ public sweet talk—and by tina—will come to their senses. Won’t they?"
Just announced - first cases of community transmission. 4 cases in one family. Auckland level 3 for 3 days.
Things getting interesting
Auckland lockdown level 3 for 3 days starting noon tomorrow! Rest of NZ to level 2.:ohmy:
be interesting the hammering some stocks will get tomorrow esp retirement stocks and retailers etc
wall st hammered down from good gains heading to the close esp the nasdaq even the rotation into value the last few days being hit now. not good lead for NZ