Who doesn’t like bling? If you haven’t already, it’s time to wise up and get your hands on the good stuff. Gold had a stellar year last year, thanks to the Euro and US debt crisis and all other factors messing up the economy ( that includes but not limited to, politics). This time of the year many analysts and “gurus” are coming up with bold predictions and recommending “hot stocks”. Or not. Some definitely get it wrong hehehe.
Anyway, I’m not about to stick my neck out and tell you “my” bold predictions. It’s not what I do. And I recommend you also leave that to others. As traders, our job is to make money, not make predictions. (There is a difference! )
On the other hand, we need to be aware of what’s going on in the markets to see profit opportunities. I will continue to monitor the following :
1. Gold
2. Euro – Dollar
3. Oil
4. Emerging economies : Indonesia, Malaysia, Philippines (Southeast Asia)
5. China (of course!)
I’ll definitely be watching gold which is considered safe haven asset. Other precious metals like silver and platinum did not perform as well as gold, they say due to speculation especially on the once “cheap” silver.
I have a feeling that we will continue to have a wild ride so brush up on your position sizing and exit strategies to make the money from the volatility, the ups and downs of the market.
Meantime, I leave you with a New Year greeting from my friend Muhammad Hafidz Zainal Abidin from Singapore.
