We all know that the current market condition is completely ridiculous and beyond repair. I am now in a complete zero trust of our share market with the price of FGV share plunged from the offer price of RM4.50 to currently RM0.90. What are those FELDA settlers have left other than the Bauxite mine, but that also is being shot down and been advised to be closed by the government of the day.
Enough talking nonsense, what alternative do we have now? FOREX is a nonsense too unless you happen to have hold on the US $ prior to the current scenario, and I don't have anyone oversea to refill my personal account either (sigh).
I think we can now turn to GOLD. What is the point of staying late and watch GOLD RUSH, ICE COLD GOLD, or anything GOLD if you don't intend to INVEST in GOLD?
Take a look....
For one reason or another, I miss that plunged of GOLD price between 25 and 26 Aug but don't get panic. This snapshot is for today 27 Aug and you can see the nose diving of the GOLD and I estimate will hit the rock bottom as sharp as when it went up. I am talking about the level of RM152/gm. Then only you should rush back to buy plenty of GOLD and wait for the ink to rise back to most probably previous peak of RM157/gm. But of course your target price to sell is not at RM157/gm level because those difference is not your profit but the bank or gold seller or can we also call middle man. You wait for the GOLD to rise at least double that or specifically to RM162/gm. It will hit that mark.
Where is the money come from? Yes you and me, if you miss on the direction of the GOLD movement again. If you are right, then you have the right to keep that money called PROFIT.
RM162/gm is not too high. History never lies.....
GOLD hit RM175/gm at the second half of 2013. History never lies and history can repeat. Time to go back to GOLD and have a GOLDen PROFIT as long as the current share and monetary remains.
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