This rising 20-year trend line in 3M chart of ST Engineering (S63.si) could be a pretty good support if we take away fear-driven lows. Buying-the-dip below this line turned out to be excellent value investing strategy during past three crises.
‘Can property prices be actually correlated to the stock market?’ Jo’An Tan, Associate Director, Redbrick Mortgage Advisory contributes her observations to this question.
Traders/investors should be looking at XAUSGD blue zone now. Next step higher. Look for signal i.e. end-of-quarter close above 1800 which is better than best performance (Q3 2016) since 2013.
GBP’s loss this year has highlighted gold’s function “as a financial insurance and excellent hedge against fiat money and muddled central bankers.”
Fifth Edition of IRAS’s e-Tax Guide ‘GST: Guide on Exemption of Investment Precious Metals (IPM)’ was published on 01 September 2016 with an extended list of gold, silver, platinum coins that now qualify as GST-free or as Investment Precious Metals (IPM).
In April, I wrote that conditions are going to worsen, that the SingDollar is an excellent indicator. 2.5 months later, the signal got even louder.
MAS Monetary Policy Statement shifts to neutral today. This is an important signal for the forex market given the ‘coincidence’ last time such a decision was made was in October 2008.