-- Posted Sunday, 7 February 2010 | Digg This Article | | Source: GoldSeek.com
It was intriguing to watch the Feng Shui masters talking financial markets on CNBC, leaving aside the guy who first said markets looked bad for 2010 and at the end of the interview said with equal conviction that markets looked good. If I heard it right then March, April, May are bad months for stocks in an otherwise pretty good year for equities, albeit with some turbulence. And this being a metal year this is a good time for investing in all metals from gold and silver to copper and aluminium. Feng Shui strategy You could short stocks and then go long in metal in the summer perhaps. Certainly for gold and silver the second half is usually the best time of year. There was also a $2,000 gold forecast from the masters of Feng Shui. Doubtless the masters of the gold market like Jim Sinclair would concur. I sometimes wonder what is the difference between fortune tellers and investment analysts. We use the same language, and are subject to the same basic problem, namely that nobody actually knows the future or what it holds. In Kuala Lumpur once I read story about a man who was driving along and a 10-tonne concrete bloc dropped on him from a construction site. It matters little what the future holds if you do not have one. The Feng Shui guys always seem somewhat guided by market forces and news, and that always makes me stop and listen to what they have to say. First half down Given that global stocks are coming off a very long rally the first half negativity strikes a chord. You ought then to get another rebound, and that could close the year on a happier note. Meanwhile, the incredible money printing by governments all around the world is expanding the money supply but they cannot print gold. Feng Shui is a bit broad brush and leaves you with quite a bit of detail to fill in but there is something in these prognostications for 2010. I suppose if its real value is to make people think a little about probable changes in the investment scene then Feng Shui has some relevance.
-- Posted Sunday, 7 February 2010 | Digg This Article | Source: GoldSeek.com
Previous Articles by Peter Cooper
About Peter Cooper:
Oxford University educated financial journalist Peter Cooper found himself made redundant by Emap plc in London in the mid-1990s and decided to rebuild his career in Dubai as launch editor of the pioneering magazine Gulf Business. He returned briefly to London in
1999 to complete his first book, a history of the Bovis construction group.
Then in 2000 he went back to Dubai to become an Internet entrepreneur, just as the dot-com market crashed. But he stumbled across the opportunity to become a partner in www.ameinfo.com, which later became the Middle East's leading English language business news website.
Over the course of the next seven years he had a ringside seat as editor-in-chief writing about the remarkable transformation of Dubai into a global business and financial hub city. At the same time www.ameinfo.com prospered and was sold in 2006 to Emap plc for $27 million, completing the career circle back to where it began a decade earlier.
He remains a lively commentator and columnist as a freelance journalist based in Dubai and travels extensively each summer with his wife Svetlana. His financial blog www.arabianmoney.net is attracting increasing attention with its focus on investment in gold and silver as a means of prospering during a time of great consumer price inflation and asset price deflation.
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