Hi readers
Market seem to be acting quite well to the astrological influences around which is great.
What's more surprising is the the australian market seems to be in a rage with its movements as apposed to markets around the world.
Iron ore prices is starting to become a major factor trading the ASX.
I struggle to understand as to why when it only affects one industry but it appears that the banking industry is far more tired up to mining than is being reported.
Is iron ore something we should look at ? I don't believe so .
With roll overs occuring this week moves in the market will be some what distorted.
So don't get to frustrated with what the market offers you in regards to trading rewards.
On the commodity front , oil is messing around that $30-40 area, shale oil is continuing regardless of what the market believes and oil reserves are at record highs.
Supply/ demand..
In regards to gold, I still don't see any reason to buy it.
Sure it's pick up in prices but why would you buy it at these current prices.
Regardless $1100, $1200 or even $1300.
The prices of least resistance is down not up.
Next month gold should get clipped quite hard as the astrology is very negative towards it .
Gold is just another investment trade.
We are not going to be buying petrol, bread or milk with gold .
If you see deflation then gold is a good cash preservation of capital.
That's the only reason why you should hold gold.
Here in Asia many have worked out the above and now buy land overseas as apposed to buying gold and holding it..
Something for you all to think about.
By the way before the email hit me ... If you don't want overseas investment in land or property then don't sell it!!!!
Difference is Asian are long term viewers, where as the western world has become short term.
Perfect example : Singtel bought Optus for $14 billion in the early 2001.
Company now makes $8 billion in revenue alone in Australia and is on track to be making 15.5-16 billion by 2020.
Now only a fool would believe that's it's only making $200 million in profits as its reporting to the ATO.
For a cheap thrill now Australian investors are missing out on gain.
Yes Singtel is owned by the government of Singapore,that's why we have the best of health care/ education free here while Australians are drowning in higher costs.
It's so wrong for the people, short term thinking.
There was a huge opportunity years ago to forward think but the government leader of the day John Howard refused to execute and instead pushed with tax cuts to get re elected.
Marco economics is what is required to move forward, not short term thinking.
Same with Trump, the guy has huge ideas to move the country forward but the short term viewers won't allow him to execute if he makes it.
Now the establishment is out to get him by bring the little turd Mitt Into play.
That already tells you that the Republican Party will tear itself apart.. Very disappointing
Yes Donald is a loose cannon but his got this far and has got most of the votes so why not give him a go..
Simple they can't control him, welcome to how politics works people.
Market seem to be acting quite well to the astrological influences around which is great.
What's more surprising is the the australian market seems to be in a rage with its movements as apposed to markets around the world.
Iron ore prices is starting to become a major factor trading the ASX.
I struggle to understand as to why when it only affects one industry but it appears that the banking industry is far more tired up to mining than is being reported.
Is iron ore something we should look at ? I don't believe so .
With roll overs occuring this week moves in the market will be some what distorted.
So don't get to frustrated with what the market offers you in regards to trading rewards.
On the commodity front , oil is messing around that $30-40 area, shale oil is continuing regardless of what the market believes and oil reserves are at record highs.
Supply/ demand..
In regards to gold, I still don't see any reason to buy it.
Sure it's pick up in prices but why would you buy it at these current prices.
Regardless $1100, $1200 or even $1300.
The prices of least resistance is down not up.
Next month gold should get clipped quite hard as the astrology is very negative towards it .
Gold is just another investment trade.
We are not going to be buying petrol, bread or milk with gold .
If you see deflation then gold is a good cash preservation of capital.
That's the only reason why you should hold gold.
Here in Asia many have worked out the above and now buy land overseas as apposed to buying gold and holding it..
Something for you all to think about.
By the way before the email hit me ... If you don't want overseas investment in land or property then don't sell it!!!!
Difference is Asian are long term viewers, where as the western world has become short term.
Perfect example : Singtel bought Optus for $14 billion in the early 2001.
Company now makes $8 billion in revenue alone in Australia and is on track to be making 15.5-16 billion by 2020.
Now only a fool would believe that's it's only making $200 million in profits as its reporting to the ATO.
For a cheap thrill now Australian investors are missing out on gain.
Yes Singtel is owned by the government of Singapore,that's why we have the best of health care/ education free here while Australians are drowning in higher costs.
It's so wrong for the people, short term thinking.
There was a huge opportunity years ago to forward think but the government leader of the day John Howard refused to execute and instead pushed with tax cuts to get re elected.
Marco economics is what is required to move forward, not short term thinking.
Same with Trump, the guy has huge ideas to move the country forward but the short term viewers won't allow him to execute if he makes it.
Now the establishment is out to get him by bring the little turd Mitt Into play.
That already tells you that the Republican Party will tear itself apart.. Very disappointing
Yes Donald is a loose cannon but his got this far and has got most of the votes so why not give him a go..
Simple they can't control him, welcome to how politics works people.
