Gold has always been the safe heaven whenever there is uncertainty and impending crisis just like the 2020 Covid19 crisis, the once a century perfect storm that every experts is expecting.
On 06 Aug 20202, Gold price peaked to all time high at $2,075.14 in the last 30 years history. Even higher than 2008/2009 peak that is around USD1,900/ounce.
Here are some of the analysis data
Bloomberg Intelligence reported an impending equity bear market will ultimately push gold price to $4,500. If the analysis came true, the bull still has a long way to run, double of it's current price.
Frank Holmes, CEO of U.S. Global Investors, doubled down on his $4,000 an ounce by the end of this bull cycle call.
Goldman Sachs raised its 12-month gold price target to $2,300 per ounce from $2,000.
Here are some of the trend analysis of Gold stocks in KLSE using Stoch & MACD, can read more on how both of these indicators combined could provide strong and accurate indication
1. NICE - https://www.tradingview.com/x/COD0Bu2M - Trending Up. Rise from 0.07 on 27/07 to peak at 0.53 on 07/08, gained 657%.
2. MUIProp - https://www.tradingview.com/x/Kwz5wP9B - Trending Up. Just rise from 0.18 on 27/07 to peak at 0.525 on 07/08, gained 191%.
3. ORION - https://www.tradingview.com/x/QDVytN9J . Just started trending up from 0.07 on 03/08 to peak at 0.17 on 07/08, gained 142%.
4. 2. Bahvest - https://www.tradingview.com/x/gdwufoKE - Trending Up. Just started to rise from 0.4 on 27/07 to peak at 0.845 on 07 /08, gained 111%.
5. BORNOIL - https://www.tradingview.com/x/0WfrJOG8 - OVERBOUGHT
6. Poh Kong - https://www.tradingview.com/x/QM8LoVqu - OVERBOUGHT
7. Tomei - https://www.tradingview.com/x/PVBVB2TL - OVERBOUGHT
From Trend Analysis of the gold counters chart, the gold uptrend just started last week and it is the best entry time before chasing high. The rise could grow even higher than glove stocks because the fundamental of the stock is much stronger. Gold stock do not risk off the outcome of vaccine or political influence.
Those who have entered or interested in gold counters (NICE / Bahvest / Muiprop), could join our Gold Hunt Mission.on Telegram at https://t.me/joinchat/Tipo2BvVPCFumuvf9KgGyg . Members will be guided step by step to strategies for maximum return at shortest time. Unity is strength, synergy is power.