The WeekendInvesting Newsletter - 12 December 2023

Gold investors, especially those dealing in USD, have faced a challenging period marked by consolidation and a stubborn resistance level at $2075.

Gold investors have experienced frustration in USD terms since reaching a peak of $2070 in August 2020. The market has been in a prolonged consolidation phase, marked by peaks and troughs. Despite multiple attempts to breach the $2075 resistance, gold has faced setbacks, currently hovering around $1985. The historical context of this consolidation hints at the potential for . . . .

Reading Time : 5 Minutes

In the dynamic world of global markets, the Hong Kong market, specifically the Hang Seng Index, stands out as a significant player. Home to major Chinese companies such as Alibaba, it has witnessed remarkable highs and lows over the years. In this blog post, we’ll delve into the recent performance of the Hong Kong market, highlighting the potential pitfalls of relying solely on blind indexing.

While indexing has proven effective in American and Indian markets, the Hong Kong scenario serves as a cautionary tale. . . .

Reading Time : 4 Minutes

WeekendInvesting Daily Bytes

We’re in an exciting month, with a strong start but now entering a phase of consolidation. In today’s session, though the market initially hit a new high above 21,000, by evening, it succumbed to its weight, closing at 20,906. This bearish engulfing candle indicates we might see some softness in the coming days.

Sectors of the day . . . .

Reading Time : 4 Minutes