but momentum "might" work before a pullback...I haven't a clue....wondering if a fund bought in....or the chairman personally bought after his statement last week....or aunties all collecting gold is it? since they don't buy etfs? lol....i remember my grandmother used to collect....LOL!....anyway, I think average into it maybe? just in case of reversal for profit taking?
in poor economy, high gold price is no good for sales.. any inventory gain is more of paper gain doesn't translate into real cash flow... the prospect isn't so bright with MCO and may extend..
Gold fell as much as 2% on Friday after President Donald Trump’s new guidelines to re-open the U.S. economy and encouraging early data related to a potential COVID-19 treatment drove investors towards riskier assets.
Spot gold was down 1.7% at $1,689.22 an ounce, more than $60 lower than the 7-1/2 peak hit earlier this week on concerns over the worst recession in decades.
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....
Choongling
190 posts
Posted by Choongling > 2019-08-27 13:50 | Report Abuse
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6260017