ahbah

ahbah | Joined since 2010-09-16

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Stock

2 days ago | Report Abuse

On a long term basis, gold price always go UP while fiat currencies always go DOWN.

So, gold is anti currencies ! πŸ˜„πŸ˜πŸ˜Š

Stock

4 days ago | Report Abuse

Gold could hit $2,500 an ounce in 2024, after snapping an all-time high of $2,195.15 on March 8, Head of Global Commodities Strategy at JPMorgan Chase & Co. Natasha Kaneva told Bloomberg TV.


She noted that the yellow metal is deemed the bank's No. 1 pick in the commodities market.

News & Blogs

1 week ago | Report Abuse

Mkt naik, I veri hapi, mkt taklat naik, I banyak susah hati !!!

Stock

1 week ago | Report Abuse

πŸ˜₯πŸ˜₯πŸ˜₯

Stock

1 week ago | Report Abuse

The show is on now. Go on board ? πŸ˜πŸ€¨πŸ™„πŸ˜

Stock

1 week ago | Report Abuse

No miss the show, please. The show is coming now !!! πŸ˜πŸ˜‹πŸ˜ŠπŸ˜„πŸ˜

Stock

1 week ago | Report Abuse

Gold has been a noteworthy investment over the long term, but its performance varies depending on the time period analyzed. Let’s delve into the details:

Historical Performance:
Durable Store of Value: Gold has long been considered a durable store of value and a hedge against inflation.
Mixed Returns: Over the long run, both stocks and bonds have generally outperformed the price increase in gold on average.
Shorter Time Spans: However, over certain shorter time spans, gold may come out ahead.
Inflation and Geopolitical Uncertainty: Gold tends to rise during periods of high inflation and geopolitical uncertainty.
Recent Highs: In 2020, gold reached an all-time high of nearly $2,075 as the COVID-19 pandemic spread, and it spiked again above $2,000 per ounce during the Russia-Ukraine conflict in early 2022.
Comparison with Stocks and Bonds: Over the longer term, stocks seem to outperform gold by about 3-to-1. However, over shorter time horizons, gold may win out1.
Specific Data:
From 1990 to 2020, the price of gold increased by around 360%. Over the same period, the Dow Jones Industrial Average (DJIA) gained 991%.
Considering the 15-year period from 2005 to 2020, the price of gold increased by 330%, roughly the same as the 30-year period mentioned earlier. During this time, the DJIA increased by only 153%.
In recent years, 2021 and 2022, gold has outperformed stocks due to geopolitical uncertainty and inflation worldwide.
Annual Returns:
Between January 1971 and December 2022, gold had average annual returns of 7.78%, which was only slightly behind the return of commodities with 8.3% average annual returns.
In 2022, the annual average return of gold was 0.4%.
Notably, in 2020, the annual average return of gold was 24.6%, making it the second-highest return among a range of assets that year, following silver.
In summary, while gold has its place as a safe haven and hedge, its performance relative to other assets can vary significantly based on the time frame considered. Investors often include gold as part of a diversified portfolio, especially when it acts as a hedge against a falling stock market

Stock

1 week ago | Report Abuse

Gold has indeed been an interesting topic lately. Let’s delve into the price projections for this precious metal:

2024 Forecast:
J.P. Morgan Research predicts that gold prices will continue to be influenced by Fed rate cuts and geopolitical tensions. The expected range for gold by the end of 2024 is between $2,100 and $2,300 per ounce. This reflects both economic uncertainties and the enduring appeal of gold as an investment.
Kitco, another reputable source, suggests a similar range, estimating gold prices to be between $2,100 and $2,300 per ounce by the end of 2024.
Additionally, based on chart readings, gold is expected to fluctuate between $2,000 and $2,200 throughout 2024, assuming supply and demand remain relatively stable.
Longer-Term Outlook:
Looking beyond 2024, J.P. Morgan anticipates a forecasted peak of $2,300/oz in 2025. The gradual increase in gold prices seems plausible due to anticipated Fed rate cuts and ongoing geopolitical uncertainties.
While the short-term technical analysis points to a potential target of a couple of hundred dollars higher, the longer-term view suggests levels around $2,700 to $2,800 over the next year or two.
In summary, gold appears to be in a favorable position from both a technical standpoint and as a safe-haven asset. Keep an eye on the market dynamics, and remember that unforeseen events can always impact gold prices in the long term.

News & Blogs

2 weeks ago | Report Abuse

Investing in gold ETF can give higher return ?

News & Blogs

2 weeks ago | Report Abuse

All fiat currencies including USD have ZIRO value as they are created from nothing and as such they have ZIRO value !!! 😁😁😁

Stock

2 weeks ago | Report Abuse

New York Fed President John Williams recently expressed his expectation of an interest rate cut later this year, emphasizing the easing inflation and robust economy, noting that the current economic conditions do not necessitate a rate hike.

Stock

2 weeks ago | Report Abuse

Gold rose to over $2,080 per ounce on Friday, marking an all-time high and heading for its second consecutive weekly gain, fueled by the weakening of the dollar and lower Treasury yields, amid softening US economic data.

Stock

2 weeks ago | Report Abuse

Even salted fish can come back to life again ?

Stock

2 weeks ago | Report Abuse

With gold prices pushing to within striking distance of $2,100 an ounce, seeing a new record settlement Friday, the market is setting itself up for a major week ahead, one filled with significant macroeconomic risks.

News & Blogs
News & Blogs

2 weeks ago | Report Abuse

Bursa in prolonged bull market ... saya percaya !!! πŸ˜πŸ˜ƒπŸ˜„

News & Blogs

2 weeks ago | Report Abuse

Mani countries weaken their currencies in order to boost economic growth and their stock mkts ? Korrect ma ?

News & Blogs

2 weeks ago | Report Abuse

Globally, weak currencies = strong stock mkts ? like in Japan, Turkey, Argentina, etc, etc.

Stock

2 weeks ago | Report Abuse

Retain HOLD and GGM-TP of RM6.00, based on 0.79x FY24 P/B with assumptions of 9.3% ROE, 10.9% COE, and 3% LTG.

Stock

2 weeks ago | Report Abuse

Bull run now ? πŸ₯°

News & Blogs

2 weeks ago | Report Abuse

The main stock market index in Malaysia (FKLCI) increased 101 points or 6.96% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks this benchmark index from Malaysia.

News & Blogs

3 weeks ago | Report Abuse

Cocoa prices continued to rally, surpassing $6,800 per tonne, a new historic high, largely driven by concerns over shortages.

Stock

3 weeks ago | Report Abuse

Cocoa prices continued to rally, surpassing $6,800 per tonne, a new historic high, largely driven by concerns over shortages.

News & Blogs

3 weeks ago | Report Abuse

We also must have clarity about cash or fiat currencies which ALWAYS go down to ZIRO value on a long term basis !!! 😁😁😁

News & Blogs

3 weeks ago | Report Abuse

(Feb 26): Foreign buying of Malaysian equities more than doubled to RM786.1 million last week from RM352.9 million the prior week.

In its fund flow report on Monday, MIDF Research said that similar to the previous week, foreign investors net bought every day.

It said the net buying streak has gone on for 16 consecutive trading days, something not seen since February 2022.

News & Blogs

3 weeks ago | Report Abuse

KLCI bottom is 1369 pts on 8/6/2023. Mani players oredi got misssed the boat$$$ ?

Stock

3 weeks ago | Report Abuse

Central bank demand should help support gold prices push back to record highs of around $2,200 by the end of the year.

Stock

3 weeks ago | Report Abuse

[Emerging market] central banks could purchase over 600 tonnes of gold annually until 2030, to take its share in their foreign reserves to 10%.

Stock

3 weeks ago | Report Abuse

The Australian bank expects central bank demand to remain a dominant factor in the gold market for at least the next six years.

Stock

3 weeks ago | Report Abuse

In the last two years central bank gold purchases as its share in global demand has tripled, representing between 25% and 30%.

Stock

3 weeks ago | Report Abuse

Central banks have been solid gold buyers for more than a decade; however, their appetite has become insatiable in the last two years as global reserves have risen by more than 1,000 tonnes in both 2022 and 2023.