Thursday, April 18, 2013
Since my last post the market has been volatile, to say the least! If it's not greece, or spain, it's cyprus, then north Korea war mongering and terror in Boston US. Today there was talk about France having 94% debt, whereas it is recommended by the IMF to have only 60%! Is France the next to go under and need a bail out? The media focus on recent changes, like a drop in the gold price which went down to around 1300.00. They forget that it has been down to about -800.00 at various times, in the past few years. What we do know is that we can expect more uncertainty and a bumpy ride. Unanticipated risk is always there. ICG went to 17c until there was a storm in the boardroom and a director left and sold out. you can read about it in their announcements over the past 2 months. Anyway the rucus resulted in a loss of confidence and the price hovered around .033 -.039 ! I'm reluctant to crow about anything right now. Just remember, it's a risky business. Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Assett Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards: AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.