The thing about valuations is that they don’t matter until they do. What do I mean by that? In the midst of a bull market, investors ignore valuations in the belief that earnings will rise in the future and therefore justify today’s higher values.
The general rule is high interest rates slow an economy and low interest rates speed it up. China’s priority is the latter. They want to grow and keep growing at rates like 6.5%.
Whenever the market plunges, there is always a plethora of opinions telling you what to do. Try to ignore all that. Forget opinions and try and focus on the facts. The best way to do that is to make a cold, rational interpretation of the charts.
Let’s not sidestep what happened last week. What you saw was indiscriminate selling, market wide. The ASX lost close to $50 billion. Heck, hundreds of stocks made new 52-week lows. The most expensive stocks got the worst of it. CMC…
Today’s focus will be on gold mining stocks, which were part of a handful of ASX stocks to escape the carnage of the past couple days. Big gains for gold stocks could be around the corner. Why is this you ask?
Fear is a vital emotion. It’s our brains response to potential danger. Without it, we couldn’t protect ourselves from legitimate threats. But fear can get out of hand. It can hold you back. A strategy for dealing with fear is essential if you want to do anything that involves a risk.
Rather than alcohol, which seems to take off everywhere, you could say coffee is an acquired taste. I remember when I first tried a brew. Bitter. Watery. Stale. So is coffee an idea worth investing in?
In order to forecast future gold prices its important know what influences it. There’s a lot of things happening beneath the surface that could prove very beneficial for the price of gold in upcoming months and well into 2019.
Overnight, US markets were belted with the S&P 500 slipping 3.3%, its biggest fall since 8 February 2018. The Dow Jones Industrial Average also copped a beating, losing 3.1%, also its biggest fall since 8 February 2018. There is a sense of frustration this morning as there is little agreement as to what comes next.
On next Wednesday, 17 October, Canada will officially legalise cannabis. They have had a legal medicinal market for years now. And we’re already seeing some of the world’s biggest cannabis stocks (mostly Canadian) rocket higher in price.