The Evil Diaries: “Raining on someone else’s charade”

It’s been a long wait but it looks as if gold has finally bottomed and is now on a run. It is always impossible to be confident as to where gold goes but, surely, we are looking at currency chaos right now with no sign of a let up. These are perfect conditions for gold bulls.

I bought back Blinkx (BLNX) at 16.5p this morning. I doubt if this fall is the end of it. But it is not always easy to deal in the larger sizes in this stock.

Imaginatik (IMTK) is now financially debagged. Hargreave Hale have sold again and must be thanking their lucky stars that the Terry tendency at Quob Park is holding up the price, a barely credible 8p bid. I see the board in a few days’ time.

Anyway, the summary is that, although markets may recover their poise a bit today, the Chinese collapse heralds a further massive contraction in commercial confidence, expressed as it is and most certainly will be, by the debt mountain ruthlessly attacking human dreams. I am raining on someone else’s charade. Generally, I expect a rerun of 1973/74.