MYUSUF comment on day trading may be more clever that we think.
Gold price is driven by season demand and artifical factors- the simple 3x rate promisses will floor gold sub 1000.
Share prices are artificially recivering on media sensationalism but not driven at all through fundamentals- China debt ; USA debt to GDP at astronomical levels- wait for gold to tank and then climb in to Anglo and safer gold shares.
for now ride industrials and jump ship and ride oil and jump ship.
we still have massive funds leaving country - down grade risk still there...artificial PEs
this is theatrical pump and dump.
This is not about negativity but about realism and caution- if you in it for the long run nice- but if you have a nest egg- more than ever be diversified across continents; asset classes and hold cash in several currencies
i meet too many new investors being influenced to trade or invest their savings by buying shares only to make bankers and platform owners wealthy- too many tears