According to my Unit Trust Investing System, gold is forming a double bottom with a low risk level. The previous lows was at 1200 in 6/2013 and 12/2013. The last higher lows was at 1240 formed on 3/6/2014.
There is a resistant at 1305.
Fundamentally, gold is going up due to the turmoil in Iraq, the dispute in south china sea and the all time Market highs of US and European Market.
Currently, I am investing in gold and silver for the mid to long term as I feel that they have reached the bottom.
You can capitalise on this information by investing into a gold Unit Trust, ETF or spot gold ( XAU/USD).
There is an article today at bloomberg that attributed the proliferation of pawnshop in Singapore to the high cost of living and the 2 casino.
I feel sad for those who has pawned their valuable just to gamble at the casino. The probability of winning at casino is very small because the house always wins.
If these people had learnt the skill of trading or investing, they would have used the money to trade or invest wisely which have a much higher probability of winning. Their financial condition would be in a better state.
As mention in my blog yesterday, high cost of living in Singapore is a factor which motivates me to give information on good stock to trade and good unit trust to invest in so that more people can earn extra income to combat the high inflation rate – the ever increasing price of daily food essential, housing and our CPF minimum sum scheme, etc.
Do recommend your friend, relative and colleague to this blog so that they can benefit from it as well.
You can read more about the article below.
Hi everyone! A bit of update here. 2 years ago, the reason i shut down this blog was because i decided to devote more time to develop my own system to trade the financial market.
Today i have succeed in developing my own system to trade the stock, index and currency markets. I also developed a system to invest in the Unit Trust.
Today, the market move very fast and i believe Unit Trust investment will be the next financial instrument used to build our wealth in a safe and fast manner. It can helps one to capitalise on any opportunity arising from crisis from any part of the financial market instantly. I will show you the merit of Unit Trust in this blog.
I decided to continue to blog again because of INFLATION. It is everywhere, local and overseas. I will provide information on good stock to trade and invest so that you will be able to grow your trading account or earn some extra cash to offset the high cost of living in Singapore.
Hope that the information shared on this blog will help many people in their financial journey to success!