Gold price have been steady moving towards 1600 region. As per 2nd half 2019 gold price at the average range of 1400 region. Base on the quarter report the inventory of gold at Poh Kong recorded significant gain base on current price. Market analysis comment in 2020 gold price will further increase due to market uncertainty. At the price tag of .57 there is possible of 15% profit.
As of 31st Oct 2019 Poh Kong financial quarter result reported 591,397,000 inventory of gold calculate base on average price of RM 1450 compare to the gold price of 1560 currently showing 7.5% increase or 44 mil gain.
Factors to consider this time round before QR is abolished:
1. nCOV, Wuhan :::: Good :::: 2. Iran vs US :::: Good :::: 3. China vs US :::: Good :::: 4. UK vs EU :::: Good :::: 5. Gold price 2019 + 2020 > 2018 + 2019 :::: Good :::: 6. Gold demand higher, but USD vs MYR same range :::: Good :::: 7. Bullions / Gold stockpile demand rise :::: Good ::::
8. Probably less demand from consumer sector :::: Bad :::: 9. China vs US resolve :::: Bad ::::
minggu depan banyak orang akan cutloss dekat kaunter-kaunter lain.. banyak duit tersimpan dalam cds mereka.. mungkin ada yang berminat untuk beli kaunter emas nanti..
Let's see market reaction tomorrow morning, points include:
1. First non-chinese died from Wuhan. 2. H5N1 outbreak in Hunan. 3. African Swine Fever outbreak in Philippines. 4. Gold breached $1588 USD/ounce. 5. Japan vs Korea trade tension escalates.
In short, gold prices have trended sideways since the start of the year because of the timing of the coronavirus outbreak which affected demand during what is (usually) the sector's busiest period (CNY)
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
mf
29,193 posts
Posted by mf > 2020-01-14 05:44 | Report Abuse
Sell