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Sounds good, Barry Allen. If I may - (1) Internal factors - Q2 is seasonally higher :) Q1 which is seasonally lower reported impressive results and inventories level looks good, cost can be transferred to customer which means its a net net profit when gold price is higher, top 30 shareholders holding their positions tightly and increasing their shareholding (2) External factors - You are right that gold and silver are rising due to weakness in Nasdaq tech stocks (anticipation of recession at the back of interest rates hikes to counter inflation, rebalancing of semiconductor global supply chain moving to US and Europe) and weakness in USD dollar; perfect storm for tech stocks if you will.
Looking really good for external factors - China covid easing which will help to drive increase in demand, dollar weakening and seems to me that Mr. Market is waiting for confirmation from US economic indicators to be released by end of the week that will further cause volatility to gold price; towards the high side :)
Congrats to all long term shareholders :) It has been a great shelter and worthwhile wait for the storm to pass through. This will be my last update/comment for PohKong as the storm has been downgraded to become "tropical storm which typically hits in May" in my personal opinion :)
Thanks, Barry :) Hi Yann Tan, I do not provide TP as only IBs are the ones that can do so. Specifically for my own position in PohKong - I am happy with slightly more than 25% gains given the perfect storm that I saw brewing end of last year. My initial objective was to look for a shelter based on what was brewing back then. Now that the storm has been downgraded, the initial objective is no longer there and hence, decided to exit. These are purely my personal opinions and could be wrong. PohKong may or may not go higher depending on the market force.