Wow...Good show Bright Next go for Bahvest, proxy for gold. Gold in strong uptrend now. Current price is 1530, could hit 5000 in 12 months.
A lot has changed as a consequence of the United Kingdom was voted in the favour of Brexit on June 23 including a change in gold prices. Gold has surged by 6.5% ever since the Brexit decision, gold has only been climbing higher by each day. Results from a certain research has predicted that the price of gold will surge by at least 260% at $5,000 an ounce by the year 2020. The prediction is quite bold and only three big catalysts can actually help gold hit a price of $5,000 an ounce in just three years and six months (2020). Let’s take a look at the three big catalysts that might make this prediction come true.
A Fragile Global Economy Whenever the global economy faces a crisis, gold prices always benefit. The post Brexit economy uncertainties will definitely continue for a while, thus helping gold prices climb higher. A lot of investors and economists have raised questions about the next country to drop out of the European Union ever since the United Kingdom left the European Union. There are talks that the European Union might actually completely dismantle over the next couple of years. The geopolitical uncertainty will definitely send investors rushing to invest in gold.
Further Interest Rate Cuts It is a fact that rate cuts lower the value of a currency. When the value of a currency decreases, gold tends to look more appealing as a store of value. ECB has reduced interest rates by -0.4% and there are indications of further rate cuts. And there has been some gossip about UK rate cuts ever since Brexit. Rate cuts, big or small will definitely aid gold prices in climbing higher this year.
Gold Trading At A Discount The third and most important catalyst for gold prices climbing higher is the chances of gold trading at a discount. It is evident that gold is trading at quite a discount right now considering the Dow/gold ratio. The Dow/gold ratio can be arrived at by dividing the Dow index by the price of gold. The current ratio of 13.3 is proof that gold is trading at a good discount. Gold will continue trading at a much higher premium in the next few years.The demand for gold is rising in the Asian countries and will continue to do so in the next couple of years.
The above mentioned catalysts are only few of the catalysts that might lead to gold hitting $5,000 by the year 2020. There are various other small catalysts that might make this prediction come true.
study the audited report carefully and you will know why price drop no reason to go up in the first place some people will make but a lot sorhai sure to lose
vincenyl. u don't know how to read the report? haha. their 1st quarter sales confirm improve. simple. their finished goods tripled. they have ready finished goods and net cash company.
masterpackaging -Bright packaging products are popular, eg: marlboro, panadol, kitkat and etc - Bright Profit before tax hit historical high, show same signal as early Master Bhd -Bright bank balance has RM0.22 per share, now stock price at RM0.22, cheapest of all time -Bright TA will move like Master TA -Bright TP is RM1 -Bright is free from debt 24/11/2019 3:20 PM
Masterpackaging : Thank you for your info. Thanks for sharing.
Masterpackaging: I also believe in Bright. Those who buy Bright now, will be like those who buy Master, during Master early days before a huge hike up of price.
Bright has been trading above its upward sloping 20 Day Moving Average which is a good sign. In addition, the price just broke the resistance of 0.416 reinforcing the bullishness in the recent price movement. This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful breakout.
The recycling box price new low in December 2019 around 0.13cent. lowest in decade. Profit should be double/triple . Maintain buy call with high tp 0.80.
As we look through the figures, we realise that both company ( Bright & Eden) latest QR are the best, Eden Net Profit is at history high while Bright profit is at 5 years high
Bright and Eden are making a comeback... Buy while Bright and Eden are still cheap
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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....
tuapuikia
2,346 posts
Posted by tuapuikia > 2019-12-31 09:36 | Report Abuse
60 cents coming!