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.
Individual small-caps, because of their tiny size, can move independently of the market. They can be driven by company-specific news, rather than the big global stories.
Tiffany & Co. [NYSE:TIF] shares plummeted 10.22% overnight, closing at US$110.38. The luxury jewellery company was one of many victims of the recent Wall Street massive market sell-off.
Australia and the rest of the world opts to reduce its emissions without nuclear. This would be folly, but were it to happen, there is a great way to think about this from an investing perspective.
Fundamentals impact investor psychology, and investor psychology has a big impact on asset prices. I’ve been writing a book on this and have recently reviewed the draft, so the concept of investor emotions having an impact on price is top of mind for me.