Steady at about $48 awaiting the next EIA numbers on Wednesday. The RKH SP being pushed down by persistent small sellers who haven't yet worked out that all RKH assets including cash are in US Dollars indeed even the income also is. On that basis the NAV has risen about 10% due to Brexit. But market still in panic mode.
PKOK that vote was screwed by London and SE wanting to stay in purely for jobs and in particular house prices likely to drop 30% there and the north of England which voted out purely on anti immigration as portrayed by UKIP while dozy Jeremy sat on his hands without explaining to northern labour voters what it was all about. I suspect Parliament will try to overturn what was clearly a screwed vote. As I am in Bahrain I didn't vote btw. Now its all about Juncker and pals keeping their snouts in the Brussels trough. I think UK should keep them sweating.
==Whatsoever a man soweth, that shall he also reap=== ""Only the English could colonies half the world and then leave the EU cos there are too many Foreigners in it ! and thus the sun sets on the Britain, as we retreat into our castle behind our mote, and rebuild Hadrian's wall, RIP British Empire, Imo, The Result was entirely predictable and predicted result. I Have no sympathy for voters who inflicted this wound on themselves. As a pensioner, I have voted for IN, I feel Vindicated, but this is a little or no comfort. To paraphrase the Roman historian "They made a desert and they called it ~Take back Control~". Now let's see if taking control means we can do something about our abysmally low productivity (lowest in Europe) and the functional literacy and innumeracy of so many U.K. school leavers.""
for the simple reason I have hard earned money, a private pension pot and a stockholder in an eclectic mix of oil and banking stock.I considered selling all last week and buying gold or dollars as temporary safe haven until the wind blew over but decided to stick and wait out the panic and uncertainty however the result went. In hind sight I should have sold, but there are many in my position who must have thought the same and did nothing. The ripples going through the markets worldwide are expected by our vote to leave and more so for European Union and markets as this uncertainty is focused on their inability to have done more to prevent it. The obvious knee jerk reaction from the EU is to kick the UK in the nuts and prevent this contagion spreading to other countries who also question their own identity or ability to control the self serving Brussels luxury gravy train and thus lead to empty office space without a UK benefactor to support it. Germany and Merkel seem to be on the same page for now as she see's the collapse of their economy without it's strongest member and trust me she will work as hard as possible to give 'us' the best possible leave conditions - similar to all we have now but without the red tape. Project Europe as it stands is a failure and needs to be re-jigged as a unified trading market as originally set up and not a political union. Until this mantra of ' trade is more important than politics' is accepted we can't move forward. The people of the UK have voted for independence in a trading environment bereft of red tape that strangles it and I have accepted their choice.
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