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I didn't post in August, not that it wasn't an eventful month but sometimes I get very lazy with communication and investing. So I haven't bought or sold on the ASX except to add to my PMGOLD which initially turned against me and caused some angst. The turn was mostly due to a combination of the AUD/USD rate as Gold is sold in $USD and bought by Aussies in $AUD. The Americanos won't let aliens buy their Gold for some reason. Gold at one stage looked set to breach $2500 so I had another large bet in the expectation, it instead retraced. For some reason this affected me strangely and I became quite blue, more than blue, depressed. Looking back on it I can't explain it. I figured before buying that it could happen but for some reason got upset when it did. It just goes to show that your mental state, well mine anyway can be affected by trading and vice versa. Recently I was in a very good mood and got carried away and bought Intel as a recovery bet and again it retraced. Somehow this hasn't affected me although I'm holding with a small loss.


The volatility geopolitically has been interesting and my Gold hoard is looking good, overall now approaching the best performer in my SMSF and although not the largest holding, nearly so. Hopefully the $USD will gain strength against the Aussie and Gold will appreciate. Everyone says the latter is a near certainty which worries me a bit, but I'll go with the flow for the moment.


I'm increasing my exposure to the semiconductor space on the US market and am considering looking seriously at the alt finance, IT and s-c space in Australia. I know zilch about and area on the ASX which has been very profitable for me on the NASDAQ. So that is my task for the rest of September and October before the end of the year runup to Christmas which has traditionally been good for the Australian bourse. I've stayed away from the penny end of the ASX and admire the determination and skill of my fellow ASX members who chase rare earth, Gold and bio startups with some success.


Anyways, enough from me. Good investing and trading from me to you all.


gg


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