VINVEST CAPITAL HOLDINGS BERHAD

KLSE (MYR): VINVEST (0069)

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Last Price

0.065

Today's Change

0.00 (0.00%)

Day's Change

0.065 - 0.07

Trading Volume

581,000


96 people like this.

87,090 comment(s). Last comment by hoowk77 4 days ago

Posted by Xiao hei Ren > 2021-05-12 17:41 | Report Abuse

Investcon.

Trader1188

251 posts

Posted by Trader1188 > 2021-05-12 17:55 | Report Abuse

No doubt corporate exercise with new business strategies are good provided it’s genuine. Anyway, it has difficulty to move up coz no retailers are supporting.

LAC8188

35 posts

Posted by LAC8188 > 2021-05-14 23:19 | Report Abuse

真的是,don't get con...change name so many times... If a good company..why change name....genting...nv change name...

Posted by BlackDevil99 > 2021-05-14 23:24 | Report Abuse

Gone case?

LAC8188

35 posts

Posted by LAC8188 > 2021-05-14 23:29 | Report Abuse

Their warrant E B4 Console 3 sen..now 31 sen..10 become 1.. So no different...newb...dont get trapped..i gone thru this...beware...real pamp n damp

LAC8188

35 posts

Posted by LAC8188 > 2021-05-14 23:38 | Report Abuse

Warrant E push up till 1.2 + then drop back to 31sens... real p n d

LAC8188

35 posts

Posted by LAC8188 > 2021-05-14 23:43 | Report Abuse

I don't know how..they really give a good write up..even cimb recommended to buy...

LAC8188

35 posts

Posted by LAC8188 > 2021-05-14 23:48 | Report Abuse

This is klse, they allowe this thing to happen...

LAC8188

35 posts

Posted by LAC8188 > 2021-05-14 23:52 | Report Abuse

vivo is repeating it, changing name, give good write up.. giving free warrant... ha...ha.. be aware..

Posted by BlackDevil99 > 2021-05-15 12:32 | Report Abuse

Can straight buy EAH

Posted by CareAboutOthers > 2021-05-17 08:24 | Report Abuse

why make you thing repeating is not good? At least will go up again and if you know the history will go up again before come down, will you buy now? As long you don't be greedy, I don't think you will stuck during going down.

Posted by BlackDevil99 > 2021-05-17 09:55 | Report Abuse

When will the dispute between the sharks end?

Citadel9999

2,878 posts

Posted by Citadel9999 > 2021-05-17 10:13 | Report Abuse

back to 0.45 Leng !!

Posted by _kilakila_ > 2021-05-17 10:22 | Report Abuse

diao lo drop again zzzz

DarthV

270 posts

Posted by DarthV > 2021-05-17 11:01 | Report Abuse

This clown shark, push price down, collect than stack up volume, later try to sell for 0.005-0.01 profit to the unsuspecting day traders.
Good luck to the clown and the traders.

Posted by BlackDevil99 > 2021-05-17 15:11 | Report Abuse

Fake volume

Posted by Supermax2020 > 2021-05-17 15:15 | Report Abuse

End game already

Posted by BlackDevil99 > 2021-05-17 16:15 | Report Abuse

Steady, Chia must have offended people to have this stock corner like hell

Posted by BlackDevil99 > 2021-05-17 16:16 | Report Abuse

Just think, how can 3 million worth of share movement push down 3 cents? Obviously fake volume.

Runneron

101 posts

Posted by Runneron > 2021-05-17 16:55 | Report Abuse

#vivocomkoyak hahahahaha..let them play against themselve..so funny to watch

Posted by BlackDevil99 > 2021-05-18 08:56 | Report Abuse

Simple to say, sharks are pushing down the price

Posted by CareAboutOthers > 2021-05-18 09:32 | Report Abuse

@BlackDevil99 why shark continue to push down... it has been down for many weeks and months? Shark or bosses or both? Any reason?

Trader1188

251 posts

Posted by Trader1188 > 2021-05-18 13:53 | Report Abuse

The 0.60 support wall will not hold. I think likelihood the price will soon revisit 0.52 level?

SEE_Research

4,673 posts

Posted by SEE_Research > 2021-05-18 16:14 | Report Abuse

TO :
BlackDevil99
Steady,
Chia must have offended people to have this stock corner like hell
17/05/2021 4:15 PM

BlackDevil99
Just think, how can 3 million worth of share movement push down 3 cents? Obviously fake volume.
17/05/2021 4:16 PM


Supermax2020
End game already
17/05/2021 3:15 PM

=========================================================================
By RAJEEV DHIR Updated Jan 28, 2021

What Is Pump-and-Dump?
Pump-and-dump is a scheme that attempts to boost the price of a stock through recommendations based on false, misleading, or greatly exaggerated statements. The perpetrators of this scheme already have an established position in the company's stock and sell their positions after the hype has led to a higher share price.



This stock is not the above type with huge contracts over

RM 500,00000.00 to

RM1,000, 000,000.00 so you looking for such stocks , you can be completely disappointed


sorry ,this is not the stock ,

therefore, there is no need to view / to read further.

REMARKS

1. My business friends have pointed to some KLSE listed companies which are having their regular line of business,

in the next moment , announced that

example :

1.1 one listed company announced and reported by the Edge Markets on 26 February 2021 , that clinched a huge deal for the land reclamation works in overseas projects ,amounting to
USD 935,000,000.00.

please help to write out in RM ( in figures )

=======================================================================

2.1 one listed company announced and reported by the New Strait Times - 30 March 2021,
signed with a

Middle East well known GROUP of conglomerates will be working together on the infrastructural development , construction, and other related works in the project , which is expected to complete within 15 years to 20 years .

The project is worth an estimated gross development value of RM 40 billions
( please help to write in figures ) .

Currently , almost 90 percent of the 1,979 acres site consists of the ocean .

========================================================================
Sincerely, hope that the real investors are not caught up with these type of companies.

Thanks

Posted by BlackDevil99 > 2021-05-18 16:51 | Report Abuse

See Research = See Jovin? Apologises if I got it mixed up.

DarthV

270 posts

Posted by DarthV > 2021-05-18 17:00 | Report Abuse

The only catalyst left for this stock is some good announcement.
Hopefully the bottled sand can be offloaded.
Already half of May. Let's see what the CEO has to say.

batbatman

84 posts

Posted by batbatman > 2021-05-18 17:10 | Report Abuse

CEO eat sand now....

SEE_Research

4,673 posts

Posted by SEE_Research > 2021-05-18 17:44 | Report Abuse

TO : BlackDevil99
See Research = See Jovin?
Apologises if I got it mixed up.
18/05/2021 4:51 PM

My reply : (i) not connected and related in any way to See Jovin
(ii) do not know him /her
(iii) anyway , compliment on the write up with details ,
at least one week , there had been 3 write up , issued by See Jovin
==========================================================================
TO : DarthV

The only catalyst left for this stock is some good announcement.
Hopefully the bottled sand can be offloaded.
Already half of May. Let's see what the CEO has to say.
18/05/2021 5:00 PM



===========================================================================

INDEPENDENT ASSESSMENT ON THE COMPANY
-----------------------------------------------------------------------------------------------------------------------------------

1. Firstly , my purpose is not to run down any companies ,
including not running down
Vivocom / 0069 ;

BUT AS REAL INVESTORS , YOU WILL NEED TO EVALUATE SUCH ANNOUNCED DONE --
in 26 February 2021 and now is 18 May 2021 , that is
81 days --- a very long time
from the Edge Markets announcement on 26 February 2021.

one listed company announced and reported by the Edge Markets on 26 February 2021 ,
that clinched a huge deal for the land reclamation works in overseas projects ,
amounting to
USD 935,000,000.00.

please help to write out in RM ( in figures ).

please do the necessary search on this announcement by the Edge Market - -26 February 2021

==========================================================================

REMARKS

PLEASE EVALUATE ON THIS PROJECT , ON THE ONGOING STATUS
1. date of project , started : ______?
1.1 with the local partners and overseas partners ,
(i) name of partners / local -------?

(i) name of partners / overseas -------?
BY NOW AFTER 81 DAYS , WILL HAVE THE NECESSARY PARTNERS ,
LOCAL AND OVERSEAS

2. (i) any official license to be issued from the necessary Malaysian authority , department ;
(ii) name of the Malaysian authority , name of the correct department
(ii) already obtained the official license / permit for export ?
(iii) date issued by the correct Malaysian Department ____?
( as obtained by the company /
Vivocom )


3. Timeline of this project
(i) expected duration of this project from starting date : --- ?

( ii ) expected date till full completion : ---------------------------?

4. By issuing this regular update and reporting by the company
will help the real investors understand the serious announcement issued
by the Edge Markets on 26 February 2021.



===========================================================================


REMARKS

In short , you as real investors will be more assure on the full commitment of the company --
Vivocom / 0069

The remarks will be

After the investments, I feel -- an incredible sense of relief !

SEE_Research

4,673 posts

Posted by SEE_Research > 2021-05-18 18:05 | Report Abuse

INDEPENDENT ASSESSMENT


===========================================================================

Vivocom secures RM3.8b sand supply contract

=============================================================================
Justin Lim
/
theedgemarkets.com

February 26, 2021 17:29 pm +08

Vivocom
secures RM3.8b sand supply contract

KUALA LUMPUR (Feb 26):
Vivocom Intl Holdings Bhd today announced a US$934.7 million (RM3.79 billion) sand contract awarded by the joint-venture contractor undertaking the main reclamation works for the
Hong Kong International Airport Three Runway System project.

In a statement, the group said the three-year contract was clinched by V Development Group — which will soon merge with Vivocom — via its 97%-owned subsidiary Rain International Sdn Bhd.

Under the contract, Rain International is responsible for supplying sand to Zhen Hua Engineering Co Ltd-China Communications Construction Co Ltd-CCC Dredging (Group) Co Ltd (ZHEC-CCCC-CDC) joint venture.

Rain International is principally involved in the mineral trading and exportation business, supplying sand to its clients mainly in Hong Kong and mainland China for reclamation and construction works.

"As the appointed agent for the ZHEC-CCCC-CDC joint venture,
we are looking forward to the exportation of sand from Malaysia to our client in Hong Kong to commence without any further delay," said Rain International director William Chan Ching-Kee.

Vivocom chief executive officer Datuk Seri Chia Kok Teong
said the contract will be a "game changer" for the group and will contribute substantially to its earnings growth exponentially.

The sand would be procured from an approved permit holder to export sand overseas,
and sourced from concession areas in Sandakan and
Sungai Beluran in Sabah
and throughout Malaysia, he said.

"While the contract starts with a three-year period, we are confident that the contract can easily be increased to five years and beyond, with higher tonnage shipped every six months. This could potentially generate revenue of up to RM6 billion to the company," said Chia.

Besides the reclamation works for the Hong Kong International Airport, the rapid pace of construction and reclamation works in China and Singapore also require heavy demand for sand, he noted.

Chia said Vivocom
is working towards getting the group elevated to the Main Board of Bursa Malaysia and be a
dividend-paying group soonest possible.

Vivocom shares were trading one sen or 0.94% lower at RM1.05 just before the close of trading, bringing the group a market capitalisation of RM600.87 million.

Issued by S Kanagaraju

=========================================================================



REMARKS

In short , you as real investors will be more assure on the full commitment of the company --
Vivocom / 0069

The remarks will be

After the investments, I feel -- an incredible sense of relief !
---------------------------------------------------------------------------------------------------------------------------------

After the investments , I feel --- grim ,without hope , but I am learning, and paying some tuition fees.
---------------------------------------------------------------------------------------------------------------------------------
Most important , can the investment happen ?
or some announcements , at that time of the announcement , 26 February 2021 , the share price was RM1.05 ,
now 18 May 2021 , closed RM 0.615 ;
a huge loss of RM 0.44 ( 42 percent of RM 1.06)

Posted by BlackDevil99 > 2021-05-18 18:31 | Report Abuse

So what're you trying to say?

SEE_Research

4,673 posts

Posted by SEE_Research > 2021-05-18 19:39 | Report Abuse

TO :
BlackDevil99
'So what're you trying to say?
18/05/2021 6:31 PM

==========================================================================
1. Firstly , my purpose is not to run down any companies ,
including not running down
Vivocom / 0069 ;

Since you ask a direct question ?
My reply

Direct answer : it will be good to keep away first from such stock
Direct answer : it will be good to keep away first from such stock
Direct answer : it will be good to keep away first from such stock
============================================================================
Vivocom chief executive officer Datuk Seri Chia Kok Teong,
WITH HIS EXPERIENCES , HE WILL KNOW ON THE ACTUAL DETAILS ,
BUT FOR SO LONG AFTER THE FIRST ANNOUNCEMNT 26 FEB 2021/
NO ANNOUNCEMENTS FURTHER ? ? ?

BY NOW AFTER 81 DAYS , WILL HAVE THE NECESSARY PARTNERS ,
LOCAL AND OVERSEAS.
IT DOES NOT SOUND RIFGT ? ? ?

UNTIL THERE ARE OFFICIAL ANNOUNCEMENTS ISSUED FROM THE COMPANY ,
ON THEIR COMMITMENT TO THE HUGE PROJECT --
a US$934.7 million (RM3.79 billion) sand contract awarded by the joint-venture contractor undertaking the main reclamation works for the
Hong Kong International Airport Three Runway System project.


REMARKS

PLEASE EVALUATE ON THIS PROJECT , ON THE ONGOING STATUS
1. date of project , started : ______?
1.1 with the local partners and overseas partners ,
(i) name of partners / local -------?

(i) name of partners / overseas -------?
BY NOW AFTER 81 DAYS , WILL HAVE THE NECESSARY PARTNERS ,
LOCAL AND OVERSEAS

2. (i) any official license to be issued from the necessary Malaysian authority , department ;
(ii) name of the Malaysian authority , name of the correct department
(ii) already obtained the official license / permit for export ?
(iii) date issued by the correct Malaysian Department ____?
( as obtained by the company /
Vivocom )


3. Timeline of this project
(i) expected duration of this project from starting date : --- ?

( ii ) expected date till full completion : ---------------------------?

4. By issuing this regular update and reporting by the company
will help the real investors understand the serious announcement issued
by the Edge Markets on 26 February 2021.

BUT AS REAL INVESTORS , YOU WILL NEED TO EVALUATE SUCH ANNOUNCED DONE --
in 26 February 2021 and now is 18 May 2021 , that is
81 days --- a very long time
from the Edge Markets announcement on 26 February 2021.

SEE_Research

4,673 posts

Posted by SEE_Research > 2021-05-18 19:40 | Report Abuse

BY NOW AFTER 81 DAYS , WILL HAVE THE NECESSARY PARTNERS ,
LOCAL AND OVERSEAS.
IT DOES NOT SOUND RIFGT ? ? ?


IT DOES NOT SOUND RIGHT ? ? ?

DarthV

270 posts

Posted by DarthV > 2021-05-18 20:06 | Report Abuse

More directly, there hasn't been any periodic announcements by the CEO for this stock to have any wrommm..to go up.
The last time he spoke, there'll be some in May. Not sure when (still have a week plus to go).
Before that during CNY, he told us can say bye-bye to 0.89.
When no news, clown shark play 0.01 profit.
When have news than maybe suddenly fly.
So, at the moment, very difficult to judge anything upwards unless Clown has collected enough to make a small dish.

SEE_Research

4,673 posts

Posted by SEE_Research > 2021-05-18 21:23 | Report Abuse

To : all real investors of Vivocom /
To : DarthV

More directly, there hasn't been any periodic announcements by the CEO for this stock to have any wrommm..to go up.

18/05/2021 8:06 PM
==========================================================================

Since you ask a direct question ?
My reply

Direct answer : it will be good to keep away first from such stock
Direct answer : it will be good to keep away first from such stock
Direct answer : it will be good to keep away first from such stock

=============================================================================

Pls keep your funds and wait for other opportunities.

SEE_Research

4,673 posts

Posted by SEE_Research > 2021-05-18 21:46 | Report Abuse

SEE_Research

To : all real investors of Vivocom /
To : DarthV

=============================================================================

One Golden Rule ,
for every one , every day a person can buy share in KLSE ,
from Monday to Friday , except not on public holidays ,
BUT NOT EVERT DAY YOU CAN EXECUTE SELL ORDERS.


Pls keep your funds and wait for other opportunities.

SEE_Research

4,673 posts

Posted by SEE_Research > 2021-05-18 21:50 | Report Abuse

BUT NOT EVERT DAY YOU CAN EXECUTE SELL ORDERS.

BUT NOT
EVERT SHOULD BE
EVERY
DAY YOU CAN EXECUTE SELL ORDERS.

BUT NOT everY DAY YOU CAN EXECUTE SELL ORDERS.

KiasuKaki

55 posts

Posted by KiasuKaki > 2021-05-19 01:17 | Report Abuse

@SEE_Research. Well comments.

Trader1188

251 posts

Posted by Trader1188 > 2021-05-19 09:39 | Report Abuse

Support is well intact, now it seems like something is brewing up.

SEE_Research

4,673 posts

Posted by SEE_Research > 2021-05-19 10:47 | Report Abuse

TO :FanFan

During this pandemic time still want to con ppl, a lot ppl already suffering.
12/05/2021 10:35 AM
===========================================================================
TO : LAC8188
真的是,don't get con...change name so many times...
If a good company..why change name....genting...nv change name...

14/05/2021 11:19 PM

FULLY AGREED WITH YOU
===========================================================================

Technical Chart
1. Please to bring to your attention , on 26 February 2021 was RM 1.06 ;
now -10.35 am , 19 May 2021----RM 0.625 , meaning a loss of RM 0.44 ,
in terms of percentage , a loss of 42 % ,

From 21 April 2021 , it was RM 0.745 ; and
now -10.35 am , 19 May 2021----RM 0.625 ,
this technical chart exhibits -- is weak ,
total consolidate number of trading days = 16 days at this level -- RM 0.60 to RM 0.65

FOR THOSE INVESTORS WHO MAY HAVE INTEREST TO BUY
1.1 In short , it is not WISE to issue any buy orders now


FOR THOSE INVESTORS WHO LOOK SEE
1.2 Direct answer : it will be good to keep away first from such stock
Direct answer : it will be good to keep away first from such stock
Direct answer : it will be good to keep away first from such stock

Sincerely

REMARKS
Pls keep your funds and wait for other opportunities.

SEE_Research

4,673 posts

Posted by SEE_Research > 2021-05-19 11:10 | Report Abuse

REALLY , THERE ARE A LOT OF OPPORTUNITIES IN KLSE

1. Good fundamental stocks with sound financial quarters such as
1.1 Eita / 5208, now in collection mode , have not run up yet , RM 0.89 to RM 0.92 level ;
1.2 Eita WA RM 0.34 to RM 0.35 level
Target Prices , mid term RM 1.80 for Eita
mid term RM 1.10 for WA
This stock is not fast and furious , good for mid term investors , high margin of safety ; as not run yet.

2. Gold prices are on the breakout at USD 1,800.00, 6 May 2021 ,
now - Malaysian time 11.00 am , 19 May 2021 is USD 1867.00 per ounce , expecting to be
uptrend and possible to revisit the old high ---- USD 2,089.00 created on 2 August 2020.
When it is on the strong uptrends to the old high , passing USD 1,900.00 per ounce,
it will be fast and furious ,
such gold stocks
(i) Tomei/ 7230 at lower prices RM 1.13 to RM 1.15
(ii) Poh Kong / 5080 at lower prices RM 0.89 to RM 0.90

REMARKS
These 2 gold stocks will be fast & furious , good for investors who have higher appetite of risks and rewards.

SEE_Research

4,673 posts

Posted by SEE_Research > 2021-05-19 11:39 | Report Abuse

2. Gold prices are on the breakout at USD 1,800.00, 6 May 2021 ,
now - Malaysian time 11.00 am , 19 May 2021 is USD 1867.00 per ounce , expecting to be
uptrend and possible to revisit the old high ---- USD 2,089.00 created on 2 August 2020.
When it is on the strong uptrends to the old high , passing USD 1,900.00 per ounce,
it will be fast and furious ,
such gold stocks
(i) Tomei/ 7230 at lower prices RM 1.13 to RM 1.15
(ii) Poh Kong / 5080 at lower prices RM 0.89 to RM 0.90

REMARKS
These 2 gold stocks will be fast & furious , good for investors who have higher appetite of risks and rewards.
19/05/2021 11:10 AM

========================================================================================

2.1 Gold prices need to revisit the current high at USD 1,900.00 that is the psychological level , may be take at least 2 times to challenge , when it overcomes ; it will invite more gold participants to issue continuous buy orders,
by thence the 2 local gold stocks , will run with upwards thrusts , can be a limit up for these
2 gold stocks ,

(i) Tomei / 7230 the old high = RM 1.88 / 10 Aug 2020
(ii) Poh Kong / 5080 the old high = RM 1.80 / 7 Aug 2020

Both are sound financial quarters reported , the stronger one is
Tomei as the market float is limited.



3. Keck Seng Seng Corporation Bhd
Lot 3707, Jalan 7/5,
Taman Industri Selesa Jaya,
43300 Balakong,
Selangor

Tel number : 03- 8961 5555

KSSC / 5192
closed 5.00 pm , 12
May 2021- RM0.70 ( - RM 0.005 )
Target Prices RM 1.10 to RM 1.20 /mid term


The current theme in KLSE market, is steel , aluminium ,

that is the thematic play for April , May 2021,

AND THE IMPORTANT CATALYST IS THE PRIVATE PLACEMENT EXERCISES DONE IN
AND ANNOUNCED ON 15 DECEMBER 2020 ,
ON THE NUMBER OF SHARES ISSUED
7,950 LOTS ( 1 LOT = 1,000 SHARES )
TOTAL AMOUNT RAISED IN THIS PRIVATE PLACEMENT = RM 4,611,000.00
FOR KSSC EXPANSION DRIVE.

REMARKS
FOR THE INVITEE , TO TAKE OUT THIS BIG SUM -- RM 4,611,000.00 AND RECEIVE JUST MEARGE RETURNS ,
THE FINANCIAL RETURNS WILL ONLY ATTRACT WHEN IT IS AT LEAST TWICE,
SO IN SHORT ,
THE SHORT TERM TARGET PRICE RM1.10 TO RM1.20 IS ENVISAGED TO ACHIEVE .

========================================================================
PLEASE READ CAREFULLY ON ANCOM PRIVATE EXERCISE

Ancom /4758

========================================================================
The private placements of 12,100 lots were well done at RM 710.00 per
1 lot
( 1 lot =1,000 shares) /well executed on 3 July 2020,

Now, 5 May 2021
Ancom =RM 1.64
Remarks
More than double the price of RM 0.71 when the private placement were done.


KSSC to buy below RM 0.67 to RM 0.685 level

SEE_Research

4,673 posts

Posted by SEE_Research > 2021-05-19 14:54 | Report Abuse

REMARKS

These 2 gold stocks will be fast & furious , good for investors who have higher appetite of risks and rewards.
19/05/2021 11:10 AM

========================================================================================

2.1 Gold prices need to revisit the current high at USD 1,900.00 that is the psychological level , may be take at least 2 times to challenge , when it overcomes ; it will invite more gold participants to issue continuous buy orders,
by thence the 2 local gold stocks , will run with upwards thrusts , can be a limit up for these
2 gold stocks ,

(i) Tomei / 7230 the old high = RM 1.88 / 10 Aug 2020
(ii) Poh Kong / 5080 the old high = RM 1.80 / 7 Aug 2020

Both are sound financial quarters reported , the stronger one is
Tomei as the market float is limited.

DarthV

270 posts

Posted by DarthV > 2021-05-19 17:17 | Report Abuse

Watch out for market opening tomorrow.
6000 plus cases today.

SEE_Research

4,673 posts

Posted by SEE_Research > 2021-05-19 18:18 | Report Abuse

PLEASE READ ON THE LATEST UPDATE NEWS ON GOLD
By Kitco ( An authority body reporting on gold commodity in the world )
==========================================================================
When gold prices running upwards to USD 1,900.00 per ounce , it will ignites rally on 2 gold stocks in KLSE ,

Tomei / 7230
Poh Kong / 5080
Can consider for buy consideration for

it will be fast and furious ,
such gold stocks
(i) Tomei/ 7230 at lower prices RM 1.13 to RM 1.15
(ii) Poh Kong / 5080 at lower prices RM 0.89 to RM 0.90

REMARKS
CAN YOU AFFORD TO MISS THESE OPPORTUNITIES ?

CAN YOU AFFORD TO MISS THESE OPPORTUNITIES ?

CAN YOU AFFORD TO MISS THESE OPPORTUNITIES ?
===========================================================================
Gold price on its way to $2,000 as bitcoin stumbles -

analysts
Neils Christensen
Neils Christensen
Tuesday May 18, 2021 11:57
Kitco NewsShare

This article:
Editor's Note:

With so much market volatility, stay on top of daily news!
Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

(Kitco News) - The gold market is seeing new momentum with prices back above $1,850 and the 200-day moving average.
According to some analysts, the yellow metal could be receiving support as volatility hammers cryptocurrencies.

For most of the year, analysts have noted that soaring bitcoin prices have taken some luster away from gold as investors look for safe-haven assets and hedges against rising inflation fears. However, the table seems to have turned as bitcoin prices have fallen nearly 34% from last month's all-time highs of around $65,000 a token.

Bitcoin last traded around $43,000 a token, down 1.5% on the day.
Meanwhile, June gold futures last traded at $1,866 an ounce, roughly unchanged on the day.

Ipek Ozkardeskaya, senior analyst at Swissquote, noted that gold's rally coincided with the breakdown in bitcoin. The digital currency's selloff picked up speed after Tesla CEO Elon Musk announced on Twitter that his company would no longer accept bitcoin as payment for its electric vehicles. He raised concerns about bitcoin's environmental impact as mining the cryptocurrency is energy-intensive.

Since his initial tweet, Musk has sown more confusion in the marketplace. He initially implied that Telsa sold all its bitcoin holdings and then said it hasn't. Tuesday, Musk even toyed with the idea of his other company SpaceX launching its own cryptocurrency.

Some analysts have said that the renewed volatility in bitcoin is turning some investors off, and gold has once again become an attractive and stable safe-haven asset.

"Regaining its upward trajectory as Bitcoin pulls back to earth, gold is probably in the early recovery days from the steepest discount to its upward-sloping 50-week moving average since the 2018 bottom," said Mike McGlone, senior commodity strategist at Bloomberg Intelligence, in a research note Tuesday.

McGlone added that he expects gold's newfound momentum could push prices back to $2,000 an ounce. However, he added that investors should continue to keep an eye on cryptocurrencies.

"The bull market in gold is subject to strong Bitcoin headwinds. The crypto represents a top gold headwind," he said.

Although Ozkardeskaya is optimistic on gold in the near term, she added that gold probably needs to consolidate and hold support above $1,850 before it takes a solid run at the $1,900 level.

However, not everyone is convinced that gold is benefiting from bitcoin's selloff. Lukman Otunuga, senior research analyst at FXTM, said in an email comment to Kitco News that while its interest coincidence, gold is probably reacting to rising volatility in the U.S. dollar and bond yields.

"It is interesting how Gold prices broke out of the range near the time Bitcoin fell," he said. "However, gold remains heavily influenced by bond yields, the dollar's performance, and inflation fears. The precious metal is up roughly 1.70% this week and likely to push higher as the dollar descends deeper into the abyss."

Otunuga added that gold prices have the potential to test resistance at $1,900 an ounce in the near term.

According to many analysts, bitcoin is a significant factor behind gold's lackluster performance this year. In a recent interview with Kitco News, Chantelle Schieven, head of research at Murenbeeld & Co, said that bitcoin's rally lowered gold's market valuation by 2.5%.

A report published last month by U.K.-based research firm CrossBorder Capital said that bitcoin could have reduced gold's fair value by $159.

By Neils Christensen
For Kitco News

SEE_Research

4,673 posts

Posted by SEE_Research > 2021-05-19 21:56 | Report Abuse

Tomei / 7230
Poh Kong / 5080
Can consider for buy consideration for

it will be fast and furious ,
such gold stocks
(i) Tomei/ 7230 at lower prices RM 1.13 to RM 1.15
(ii) Poh Kong / 5080 at lower prices RM 0.89 to RM 0.90

========================================================================

FOR THE REAL INVESTORS ,
CONSIDER TO BUY ON THE OPENING PRICES on
Tomei / 7230 &
Poh Kong /5080
9.00 am , 20 May 2021 ,

it will be fast & furious show is on play .

SEE_Research

4,673 posts

Posted by SEE_Research > 2021-05-19 22:39 | Report Abuse

GOLD PRICES

1. This year low is USD 1,680.00 per ounce on 8 March 2021,
now Malaysian time : 10 .15 am ., 19 May 2021 is USD 1,880.00 per ounce ,
on the way to challenge the psychological level USD 1,900.00 per ounce,
it may take 3 attempts to crack thru this level ,
when the old high for gold was created on 7 August 2020 / USD 2,067.00 per ounce.

The price of
(i) Tomei / RM1.25 / closed 19 May 2021
(ii) Poh Kong / RM 0.98 / closed 19 May 2021

It will be good to include these 2 stocks inside your portfolio as eventually
Gold prices will be able to revisit the old high historical record USD 2,067.00 per ounce.
Then , the 2 stocks can offer you big gain ,

(i) Tomei / 7230 the old high = RM 1.88 / 10 Aug 2020
(ii) Poh Kong / 5080 the old high = RM 1.80 / 7 Aug 2020
=======================================================================

REMARKS

CAN YOU AFFORD TO MISS THESE OPPORTUNITIES ?

CAN YOU AFFORD TO MISS THESE OPPORTUNITIES ?

CAN YOU AFFORD TO MISS THESE OPPORTUNITIES ?


YOU HAVE TO CONSIDER TO INCLUDE THE 2 STOCKS INSIDE YOUR STOCK PORTFOLIO.

Posted by BlackDevil99 > 2021-05-19 23:03 | Report Abuse

Why are you so keen in promoting gold stocks in this forum?

SEE_Research

4,673 posts

Posted by SEE_Research > 2021-05-19 23:30 | Report Abuse

To : BlackDevil99
Why are you so keen in promoting gold stocks in this forum?

Good question
============================================================================Please do not view it to be rude :
No other reason whether you buy or not , it will not have any positive or negative impact on the gold stocks share in their prices.

My only reason is that gold prices from the low of this year ,already in recovering process from this year low of USD 1,680.00 / 8 March 2021 on the way to challenge the
psychological level of USD 1,900.00 per ounce , which already explained ,
it can overcome with at least 3 attempts.

Sincerely ,believe that you have these 2 stocks , for mid term , good gain will be achieved.
In US , the current government is on the overtime mode in printing their USD to meet their citizens callings , freely ,
this action will help their investors to run into gold -- safe haven.

Is this reply ,
good to answer
your question ?

Posted by CareAboutOthers > 2021-05-20 08:52 | Report Abuse

How is the gold reflect to Vivocom? Am i joining wrong forum?

Posted by BuySoLow SellEvenLower > 2021-05-20 11:38 | Report Abuse

Change name to Vivoconyou better. Sand contract is a big conjob, it will not happen, will use excuse to say MCO again and deferred to end of year. Se JoVin and all the other conman writers now busy writing conman reports for other conman companies.

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