SPDR Gold (Important Triangulation):
28 March 2017, Tuesday, 9.45am Singapore Time
Attached is the technical analysis as well as the volume flow analysis of the SPDR Gold trading actions that is happening in the Hong Kong side (HKSE). Buying of Gold by smart monies in Hong Kong is even more intensive, and in consistency to the buying actions in SGX and NYSE. All 3 financial centres are achieving triangulation in the price actions on Gold. Note in addition how the recent large buys of 2H-2016 have finally matched up and dismiss the large sells at higher prices of 2013. Refer to past analysis on how the large bullish wedge had broken up per my fore-warnings for a major reversal to bullishness.
From 2017, Gold ETFs and Gold Stocks all over the world are expected to rally to historic all time new highs just as physical gold will rally to historic all time new highs of beyond $1921 and beyond $2000 respectively.
Previous Gold Analysis:
Additional Note:
Reiterate: Investors owning stocks and equities must have some gold or gold ETF or gold index in their holdings to stablise their portfolio. Because when stocks rally, Gold can rally, it can also correct healthily, but when stocks fall, gold will rally. The effect is that if gold corrects within the portfolio, it will force one not to overbuy stocks. If gold spikes up in stocks' sell-off, it will extinguish your fear as your portfolio is protected and balanced off by gains in gold. If both equities and gold rally, which is what I expect, you stand to gain from both concurrently. You have the best of all worlds.
Reiterate: Investors owning stocks and equities must have some gold or gold ETF or gold index in their holdings to stablise their portfolio. Because when stocks rally, Gold can rally, it can also correct healthily, but when stocks fall, gold will rally. The effect is that if gold corrects within the portfolio, it will force one not to overbuy stocks. If gold spikes up in stocks' sell-off, it will extinguish your fear as your portfolio is protected and balanced off by gains in gold. If both equities and gold rally, which is what I expect, you stand to gain from both concurrently. You have the best of all worlds.
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