"When we look at gold, it has lots of merits historically. It bothers me that it does not produce a return. Instead, to generate a return, we have to outguess the other guessers about their future guess of gold prices," he added.
Mr Jeremy Ng, CGS-CIMB Research market strategist, said technical analysis has always been a taboo subject for most investors. Some swear by it while others totally disregard the study of price charts.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
