It is right within our expectation that Fed yielded to public and political pressure to cut-rate as announced on August 1st, Thursday morning (Asian time). However, the market reacted with weird responses. Both the equity market and gold prices dropped dead, while USD rose unexpectedly. The only explanation would be that market was disappointed with … Continue reading Precious Window of Opportunity Right Here
Gold prices had its worst performance since April 2018. It has dropped 12.7% from April 17th 2018 to August 17th 2018. On its way down, there were several rebounds which triggered some hope to gold traders and investors alike. But they turned out to be just a temporary technical rebounds and later dipped even deeper. … Continue reading Gold Poises the Best Test for Greed and Wisdom
It has been a rough week to bear for investors, especially for the last straw where Trump surprised the market by announcing raising import Tax for Steel and Aluminum. Criticism around the world from both investors and political leaders roared with disappointment and anger. Market Apocalyptics, of course were not sitting tight without trumpeting symphony. … Continue reading Do You Want to Freak Out Too?