I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

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Thursday 23 July 2015

Gold is doing something it hasn't in 20 years


 CW8888: How is Permanent Portfolio with Gold and Sliver doing now? Wondering anyone has any idea?


Gold marked its 10th straight day of losses Wednesday, in the longest losing streak for the precious metal in almost 20 years. And some traders say the collapse isn't over, yet.

"Physical demand for gold in China is down 9 percent. Worldwide, demand for gold coins, gold bars down 17 percent this year. So you're not getting the buyers even though the price is going lower," said trader Anthony Grisanti on CNBC's "Futures Now."

From August to September 1996, gold fell 13 days in a row. 
 
Gold watchers say one need only to look at the dollar to find the reason for gold's decline.
"Cash is king in the commodity world now," said RBC Capital Markets precious metal strategist George Gero, referring to the dollar. The dollar index is up 8 percent year-to-date. Since gold is priced in dollars, it tends to fall when the dollar rises. With inflation low and the dollar strong, Gero says gold will stay range-bound until there are signs of inflation.

2 comments:

  1. CW,

    Good to know that my cash is King!

    And outperforming gold!!!

    LOL!

    ReplyDelete
    Replies
    1. Cash is King or Cash is Rotting. Two side of the same coin. He He!

      Delete

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