Wednesday, 26 September 2012

For those playing Gold, do take note that Mr Hu Li Yang thinks gold run has ended with a high of $1923.70 one year ago

Dear Friends,

Will Gold price ever hit $1923.70 again, now that QE3 expectation already gone? This is a chart for your reference...

In a triple top box pattern now. Asian Leading Investment Guru Mr Hu Li Yang does not think it has the strength anymore and he may be right.

We think any upside is limited even if it exceeds that highest mark.

Long term wise, please avoid it, say no to MLM companies making money by asking you to join their business buying gold. We have seen many closed down in Malaysia and Singapore whenever gold price sinks by 10%. Recently I have heard a Singapore company turning hot again... sigh. Sometimes they have no intention of deceiving. It is just that when market is uncertain, a panic will cause a lot of people to cash out, suddenly forcing the company to run out of cash.

So if you think of joining them, be extra careful. Don't be the next Sunshine Empire or Lehman Brothers! If you know what I meant ;).



·         美国联储局都不看好美国经济? 道琼斯昨晚闭市在 22412 点,涨了 41 点。 昨晚最大的新闻就是联储局的会议。联储局的主席耶伦讲了几样事情: 1)   第一: 联储局保持利率不变 , 但耶伦也表示今年还会加息一次。 这其实和原本的预测一样...