refer to 2022 reports 2q ,3q and 4q eps 11cts,18cts and 10cts .gold prices around 1850-1950,some more recently singapore and china increase a lots gold for their reserve.especially market and economy uncertain right now,tomei no of shares only 139m.
Gold revisited USD2000 again and consolidating above USD1990. Banking crisises in US and Swiss are still going on. More and more countries buy gold for reserve. Gold prices stay above USD2000 is the trend.
Gold retreated to USD1940 as US interest rate went up another 0.25%. As global de dollarisation effect, the dollar index moves down from 103.25 to 102.59, gold moves up to USD1963 per ounce.
As US failed to kneel down China growth both in economy and military, the world becomes multipolar. Gold is the only instrument to hedge against any losses.
Gold is going to go above 2000 USD for sure. Besides declaring 4 sen dividends, Tomei should give a 1 to 1 or 2 bonus share with so much reserve capital.
Gold prices surged almost 2% to $2016 an ounce on Tuesday, the highest level since March of 2022, after fresh data for US job openings pointed to a slowdown in the labour market, suggesting the Fed may not need to raise rates much further and could even pause the tightening cycle.
On Monday, the ISM Manufacturing PMI already pointed to a fifth straight month of contraction in factory activity, in a sign that tighter credit conditions are already hurting the economy. Investors now see a 56.9% probability the Fed will leave the fed funds rate steady next month.
At the same time, the recent banking crises have led to a surge in demand for safe-haven assets.
As global de-dollarisation effect and banking crisis go on, the dollar index moves down to 101.49. gold moves up to USD2021 per ounce. Gold price is above USD2000 is the trend.
Gold price goes up to USD2200 this year end should be on track. Unless, US and China relationship goes back to Obama Era i. no confrontation both in economy and military. But, it won't happen bcs US Biden won't let China be the No 1. Contain and confront China are the US policy now. Uncertainty makes gold the most preference.
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pang72
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Posted by pang72 > 2023-03-21 10:17 | Report Abuse
Cincin emas...
Wow..