12:34 AM
AGHA
The beginning of 2019 seems to be a good time for Gold and IDX Composite. Gold finally comes back to 1,300 USD again! IDX Composite is in very good uptrend in fact. Go buy them if you dare!
There are some reasons why you need to buy them soon. First of all, it is because the uncertainty. This year we will face some daunting risks the uncertainty grows.
Geopolitical conditions is still in the mix. We don't really know when US-China trade war, Brexit, and US government shut down come to an end or even get worse. Yes, it is true that Mr. Trump just ended the shutdown, but it is temporary. Just so you know, according to what we read, this is the longest US Government shutdown in history.
We believe that the uncertainty won't get clearer than before even if Mr. Trump gets the money to build the Border Wall.
Financial condition is likely to affect the market the most. IMF cuts global economic growth forecast as they said at World Economic Forum several days ago. And don't forget that The Fed will slow down this year, no more raising rate. At least The Fed won't be as aggressive as last year. All of this just because of the uncertainty.
Such condition usually pushes investor to move their money to safe haven. When this happens, safe haven's demand will rise, making the price get higher. Safe haven such gold should benefit in many ways if those conditions get fulfilled.
TIPS
GOLD
Buy now! Since the price is now getting through USD 1,300 for the first time this year, that means gold breaks another resistance level. Gold attempts to reach higher considering last year's highest point is USD 1,350. Gold will play in USD 1,300 - USD 1,350 area for sure. Chinese New Year celebration on February should support gold movement as well.
We believe there will be a correction when US-China trade war talks about a new deal on March 2019. Make a good portion of your portoflio for gold before it's too late. You only have one month left to make a decision.
IDX COMPOSITE (IHSG)
In Indonesian, it's called "Indeks Harga Saham Gabungan" or simply abbreviated as IHSG. Watching IHSG's movement can make me smile. The price keeps hiking up!
Exernal factors influence IHSG positively. Uncertainties affect foreign investors to put their money in IHSG. IHSG still moves upward at least until the end of February due to global economic slowdown.
At this time, what you need to do is to buy while you can, especially one month from now. When you buy enough, you can wait and see then. At a certain time, when commodities start to decline, you can sell when the price is still high to have a gain. Everything can happen in the future, so it's much better if protect money soon.
Next post we'll renew the correlation between price movement of commodity such gold and some variables.
Image source:
Yahoo Finance.
News source:
Miscellaneous.
