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

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

😴

weak currency = strong market ?

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

Agreed, thanks.

(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.

😴

Thanks.

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

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

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

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

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

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.

Central banks are turning to gold as they lose faith in bonds - ANZ

Shall we also turn to gold as like central banks ?

Gold has survived as moni since human civilisation began on poor earth until now ?

Peg to gold, then our MYR can never go down ? Always go up n up onli ? 😁😄😅😊

Buy gold for the country n for all Malaysians ?

😴

For in the space of 3 months between January and March 2023, Singapore’s central bank has quietly bought an incredible 68.7 tonnes of gold, making Singapore the world’s leading sovereign gold buyer for the first quarter of 2023, even ahead of China.

Singapore's central bank ... ultra smart, buy and keep gold as reserve instead of the worthless , fiat currencies.

To support our falling MYR, all Malaysians must buy gold now ?

I mean fiat currencies, please.

On a long term basis : all currencies including USD = always depreciate to 0 value as they are printed from NOTHING. gold = always on uptrend with no upper max. limit, continuing hitting all-time high non-stop forever ! 😍🥰🤩

Be gridi when others are fearful for today ?

Amid calls for the overnight policy rate (OPR) to be raised, the Prime Minister believes that increasing it to strengthen the ringgit’s value will not help the people, says Fahmi Fadzil.
Back the MYR with gold ? 😄😄😁

A technical recession in the United Kingdom is helping to drive physical bullion demand as consumers look to protect their wealth, according to the latest comments from the British Royal Mint.

Citi sees potential for gold to hit $3,000, but that’s not the base case.

🤔🤔🤔

Super bull 2024 ... coming ? 😍😍😍

😴

For in the space of 3 months between January and March 2023, Singapore’s central bank has quietly bought an incredible 68.7 tonnes of gold, making Singapore the world’s leading sovereign gold buyer for the first quarter of 2023, even ahead of China.

Singapore's central bank ... ultra smart, buy and keep gold as reserve instead of the worthless , fiat currencies.

Therefore, always keep our wealth in gold instead of in currencies !!! 😋😍😘

The ringgit’s recent performance follows similar trends with other regional currencies, the central bank said, which it attributed to external factors like market adjustment to changing US interest rates and uncertainty around China’s economic prospects.

On a long term basis : all currencies including USD = 0 value as they are printed from NOTHING. gold = always on uptrend with no upper max. limit !!! 😍🥰🤩

I think the TSH show is still on, NO game over yet ?

Sokong, above.
We all onli want positive economic news for our Bursa !

All Malaysians are in intense economic pain !!!

All wars are bad and stupit. Stop all the wars now !!!

Therefore KLCI = 2000 pts ... a veri reasonable target lah.

Mani stock mkts throughout our world are hitting all time high now. People got lost faith in the fiat currencies which are losing their purchasing power and prefer to keep their wealth in stk mkts rather than in fiat currencies.

Korrect.

Korrect Sir. Thanks.

hard assets = valued stocks, land, precious metals (gold) etc
all fiat currencies (including USD) = ziro value, printed from nothing with no asset backing.

All worthless, fiat currencies (cash) are falling to ZIRO. So, all people prefer to keep hard assets instead of cash now !!!

Be greedy when others are fearful n tikus !

Korrect, the super duper bull run has just started !!! 😍🥰🤩

Hidup Bursa !!!

KLCI is now playing the CATCH-UP game !!!

Bursa Malaysia is in the early stage of a very powerful bull market !
Absolutely, it is true !!! Please no miss the boat$$$ ! 😁😂😄😅

Please take good care of the new born bull TSH. Thanks. 😍🥰😋