According to homily chart, this stock is going to climb higher and expect good next quarter result to be announced as well as the gold price keep climbing. As per today, Tomei reported better profit than last year. Keep collecting it before it start to rise further. Cheers. 23/07/2020 9:54 AM
OMG, gold price continue to rise. I think Tomei is going to break its history high price as the gold price is higher than previously ever since they listed in the stock market.
At 2:45 am, during Jerome Powell's (US Federal Reserve chairman) press conference, the price of gold is USD1965. It is like printing money making the USD index to plunge. So, countries cannot keep USD. Instead, they have to keep gold as the replacement.
Deng, nowadays if I got gold on my hands, i confirm sell off all and use the cash to buy glove stock , better than buy what gold....waiting for so long baru break 2k....if it is glove stock , i now laughing to bank, perhaps cant stop laughing for one whole day
As a retailer like Poh Kong & Tomei, you don't make money from rising gold prices because your cost is going to go up also. You only make money on your existing old stock (which is not much) and once that's finished, you need to replenish your stock and your cost is going to go up. It is stupid to chase after gold retailer counters. you should invest in gold mining stock instead. Because for a gold miner only your variable cost goes up but your fixed cost remains the same hence your margin increases. Compared to a retailer, a gold miner will make much much more.
@primalee yup, exactly how i thought so when the gold prices are soaring to all time highs. Another concern is that, wont that lower their sales volume? because higher prices means people dont buy gold as much gold right?
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....
cax1814
104 posts
Posted by cax1814 > 2020-06-22 22:19 | Report Abuse
Agreed. Now 1776 ! Tomorrow show time !