nahhh....that's inhuman.

Maybe another $100 rise before uncles and auntiez come back.

some like to do that. Rush of blood i guess. or herd instinct?

Stretching up to $1426 presently.

Very very overbought

This post has been edited by prophetjul: Jun 25 2019, 09:06 AM


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Gold at $1443 and still quiet.

good.

$1458 now

Busted $1500

https://www.cnbc.com/2019/08/07/gold-surges...-this-year.html


Gold surges above $1,500, now has a better return than stocks this year


Gold rose to its highest level in more than six years on Wednesday as concerns about the global economy made the precious metal and other traditional safe havens more attractive than riskier assets like stocks. The metal also caught a bid as the amount of negative-yielding bonds keeps growing.

Gold futures for December delivery jumped 2.2% to trade at $1,522.70 per ounce. Wednesday marked the first time since April 2013 that gold traded above $1,500. The gains brought the metal’s gains to more than 18%. That return is higher than the S&P 500′s 14.3% year-to-date gain.

Investors turned to gold at a time when the amount of debt trading at negative yield increases. Currently, there is $15 trillion worth of bonds with negative rates. This makes gold more attractive since it retains its value even in times of slower economic growth.

Concerns over the global economy come as the U.S.-China trade war intensified with Chinese authorities allowing the country’s currency, the yuan, to depreciate against the dollar while several central banks around the world cut interest rates.

“That is the biggest factor because it introduces a whole new set of risks to the equation,” said Ryan Giannotto, director of research at GraniteShares. “What’s really playing into people’s fears is does the depreciation of the yuan signify a larger threat to the economy.”

Yeah

Seems that the perfect storm is coming real soon.

Every central bank cutting rates does not auger well for the global economic outlook.

There may be no returns too, with Forex. Like negative ones.

Good luck

TBF Think he did specify




Better than FD for sure.


Gold was Rm1122 in 2002.

http://www.bnm.gov.my/index.php?csrf=47f6d...h=12&EndYr=2002

Now its approx Rm6400.


That's around 10% CAGR. Much better than FD.

This post has been edited by prophetjul: Aug 26 2019, 10:00 AM

2014 was around Rm4300 CAGR 7%

2015 Rm4500 8%

2016 Rm5400 7%

2019 Rm6400


Not too shabby?

And we are talking about holding it like you would an FD.


That's a guess. The world's growth is not just Trump's problem alone. China's growth has been slowing before Trump.

So will the change affect gold?

I guess a recession will drive gold up further especially in a new and untested environment of negative interest rates in many places.

This post has been edited by prophetjul: Aug 26 2019, 10:53 AM

Today's gold is Rm6,632

CAGR just went up further.

http://www.bnm.gov.my/index.php?csrf=1f711...h=12&EndYr=2019

Again....the poster consider a long term haul.
In that respect, I would compare it with FD.

And in that light, I think its value retention is better than an FD. I did not trade mine from 2002 to date and holding it as value asset, it has done well.

Certainly, if you are looking at other trades, then maybe not. In this sense, As with other assets, they have their time. Problem of course is no one is actually very good at timing entry and exits that well.

Still get about 5.5% CAGR. And we don't know where the top is yet since this gold bull has just started.

Look at the charts. It has just started after taking out the tops.

Of course every run will come to an end. That is obvious.

Its also obvious from the chart that this gold run has just started. When is the end? Who knows?

Just enjoy and manage the run up.

This post has been edited by prophetjul: Aug 26 2019, 04:22 PM

Can you predict when the next recession is coming?

When the next tech boom will be?

In a way, many of us are sheep. We are led by news, commentaries, recommendations, etc.

The thing is there are wise sheep and blind sheep.

I was introduced to bitcoin in around 2010 when it was $0.10

If you looked at the last bull run in the chart above, it lasted from 2003 to 2011.