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Seems like NSFG is back on track with a 16.42% this month, but I’m outta there.

Good Evening Everyone,

Well June is now over, and we are closer to Christmas, than we are from it….scary thought!

Well we have good news, good news and bad news….when given the option I always like to sandwich the bad news in between the good, so here goes.

June ended very well for us with a gross figure of 16.42% and while by any bench mark this is an excellent return, we still felt a little disappointed because we left many pips on the table and had we traded a few trades slightly longer we could have had a few extra %. The perfectionist in us do not like this, and while we realise that we can not get every move, we still don’t like it when we miss them.

Still 16.42%, which Nets as 12.32%, is a great figure to end the quarter with and one which we are happy with despite the above. We are now looking forward to Quarter Three and breaking the cycle of winning month, losing month, winning month. We are very confident that we will and so far everything looks very good.

Okay Bad News, Egold is still playing silly buggers at the moment and while things do seem to be moving along and many exchangers are opening up, it is for small amounts and often they get swamped and close again pretty quickly. There have been a few exchangers that require rediculous levels of due diligence that are just not practical.

The situation has improved greatly from last month, however it is still not got to the point where we can safely, and with any confidence, perform a transfer into egold and therefore we have to extend the policy of no withdrawals or deposits for the month of July.. I would like to thank everyone that has replied to my request last month asking for other suitable online currencies, I was inundated with replies and am currently looking into them at this time. Please don’t send any more as I am just getting lots of duplicates now.

Okay, onto the second piece of good news, July has also started off extremely well and after just 2 trading days into the month, we are already up to a 7% gain. This will mean that we will almost certainly break the cycle of winning month, losing month mentioned above and give us great kick start going into the second half of the year. Ken and I plan on having positive months from this point forward for the remainder of the year so that we can return a very nice annual percentage for 2007 and with the strategies that we are now using, along with the addition of the Hedging Strategy we are extremely confident of doing this!

Statements will be coming out to you all tomorrow, again as always I apologise in advance if you get several copies of it.

To you guys across the pond, have a great 4th July tomorrow and to everyone else, I hope you have a great month as it looks like another good one!

Speak to you soon,
Paul

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