To The Moon

Here is a structured view on the drivers of gold prices over the next 12 months, the recent strength in gold and silver, and whether silver might continue to outperform or gold could reach US$5,000 per ounce in 2026. Primary Drivers for Gold Prices 1. Safe-haven demand and global risk sentiment Gold remains sensitive to geopolitical tension, macroeconomic uncertainty, and stock market stress. Heightened risk aversion tends to shift capital into bullion. Central banks and institutions have been significant buyers, supporting prices.  2. Monetary policy expectations Expectations of Federal Reserve rate cuts and a weaker US dollar reduce the opportunity cost of holding gold. Softer yields on bonds make non-yielding assets such as gold more attractive, reinforcing its appeal as a hedge ag

The current pullback in U.S. equities reflects a rotation rather than a broad risk-off event. The underperformance of the Nasdaq signals valuation sensitivity within AI-linked names, especially those that have rallied aggressively on forward-looking narratives. Broadcom and Oracle are being repriced not on earnings failure, but on expectations discipline. Markets are reassessing capex intensity, margin visibility, and the timing of AI monetisation rather than abandoning the theme outright. Broadcom’s three-day decline, its sharpest since 2020, highlights how crowded positioning and elevated expectations can amplify downside when guidance lacks incremental upside. Oracle’s weakness reinforces similar concerns around cash flow strain and execution risk amid heavy investment cycles. Important

At ~US$490, Tesla’s valuation is no longer anchored to the auto cycle. It is anchored to execution on optionality. The most critical assumptions embedded at this level are the following: 1. Robotaxi commercialisation moves from promise to scale The market is pricing in not just technical viability, but regulatory approval, safety validation, and fleet-scale deployment within a credible timeframe. Testing without safety drivers is symbolically important, but valuation assumes meaningful revenue contribution, not pilot headlines. 2. Software-like margins materialise Tesla is implicitly valued as a platform, not a manufacturer. That requires sustained high-margin revenue from autonomy, subscriptions, and services. If margins remain auto-like, the multiple is difficult to defend. 3. Capital di

At this new all-time high, I'm not in a hurry to take profit. Tesla's share price has essentially spent a full year consolidating and digesting prior gains, and breaking into new highs is often a signal of a new trend phase, not the end of one. From a market-structure perspective, this looks more like the beginning of a re-rating rather than a terminal top. The most critical assumption behind Tesla's valuation at this level is that autonomy is no longer a distant dream but a commercially viable platform. The fact that Tesla is testing robotaxis without human safety drivers materially changes the narrative. If autonomy scales even gradually, Tesla stops being priced as just an EV manufacturer and starts being valued as a mobility + software company, which supports a much higher multiple. An

1. Breakout or failed rally? A breakout is confirmed only if price holds above prior resistance with follow-through. Multiple closes, stable structure, and volume support matter more than a single high. If price quickly slips back into the old range, it is a failed rally driven by momentum chasing rather than conviction. 2. Adding at a key moving average I prefer to wait for confirmation. A moving average is a zone, not a signal. Higher-probability adds come when price shows acceptance, such as a higher low or a strong close back above the average. Buying the first touch works in strong trends, but confirmation reduces false entries and drawdowns. 3. Technicals vs fundamentals or news It depends on timeframe. Short to medium term, I trust price and technicals because they reflect real po

Over the next 12 months, I see gold's primary driver as macro uncertainty rather than pure inflation. Slowing global growth, rising geopolitical risks, and the growing need for portfolio hedges are pushing central banks and long-term investors to hold more gold. Even if the Fed doesn't cut aggressively, the market is already pricing in a world where real rates struggle to stay restrictive for long, which remains supportive for gold. I view the recent strength in both silver and gold as fundamentally healthy, not speculative excess. Gold is acting as the anchor—benefiting from safe-haven demand and central bank buying—while silver is expressing a higher-beta version of the same thesis, amplified by industrial demand tied to energy transition and electronics. This combination suggests the mo

$Nike(NKE)$’s upcoming Fiscal Q2 2026 earnings, which is scheduled for release on Thursday, December 18, 2025, suggests a highly anticipated report amidst a challenging period for the company. Earnings Preview and Analysis Consensus expectations point toward a year-over-year decline in both the top and bottom lines, largely reflecting difficult macroeconomic conditions, competitive pressure, and the temporary effects of Nike's strategic "Win Now" turnaround initiative. Key Analyst Expectations: Near-Term Pressure: Management's own guidance has been soft, reflecting ongoing revenue pressure as the company phases out legacy lifestyle franchises and navigates a challenging demand environment. Gross Margin Headwinds: Profitability is expected to be und

Markets are entering the final stretch of the year with an unusual mix of seasonal optimism and macro anxiety. On the surface, U.S. equities look resilient. The S&P 500 has pulled back modestly, Bitcoin is volatile but holding key levels, and economic data still points to a relatively strong labour market. Yet beneath that calm sits a growing unease, will global liquidity tighten just as investors expect a Santa Rally? At the centre of this tension is Japan. 🇯🇵 Why the BOJ Suddenly Matters to U.S. Markets This week, the

$SamuderaShipping(S56.SI)$  $1.5 Target Price.    Samudera Shipping (S56.SI) holds distinct competitive advantages against NYK Line through regional specialization, cost efficiency, and strategic partnerships, though it lacks NYK's global scale. Key Competitive Advantages Regional Focus & Agility Samudera dominates Southeast Asian routes (particularly Indonesia-Singapore-Japan corridors) with localized expertise, while NYK operates globally across 150+ countries. This allows Samudera to optimize port operations and customer relationships in high-growth ASEAN markets. Recent expansion into Japan via Samudera Japan (established October 2025) and the Blue Ocean Shipping JV (51% ownership) targets ni

$DBS(D05.SI)$ $UOB(U11.SI)$ $OCBC Bank(O39.SI)$ Singapore's banking giants are flexing hard today, with DBS hitting a fresh intraday high of $55.33 and OCBC peaking at $19.45 on December 17, 2025, riding a wave of robust wealth-management fees that jumped 25% in Q3 and solid capital-return strategies keeping investors hooked. 😎 These moves aren't random – they're backed by resilient business models that shrug off falling interest rates, with wealth inflows offsetting NIM squeezes and dividend yields clocking 5%-6% into 2026 for that reliable cash flow drip. Buybacks are cranking too, propping up shares amid global jitters, turning these banks into quiet com

Silver's on an unstoppable rampage, blasting to $66 per ounce today – a fresh record that leaves gold trailing in the dust with its 60% YTD gains. This devil's metal has doubled since January, driven by insatiable industrial hunger from solar panels chomping 20% more supply and EV chips craving its superior conductivity over copper. Deficits stretch into the sixth straight year at 220 million ounces, London's vaults drained 35% to 20,000 tonnes, and Indian prices rocketing 90% to ₹1.85 lakh per kg. Futures are swinging like crazy, with intraday spikes topping $66 as specs dive in for weekly pops over 12%. No wonder the volatility's off the charts – this isn't just safe-haven play; it's a supply crunch supernova! 🌟 Why the epic climb? Industrial demand's exploding, with solar installs up 25

S-REITs Full Year Recap | How Rate Easing and Operational Strength Redefined S-REITs in 2025? Looking back at the end of 2025, this year stands out as a "bumper year" for Singapore Real Estate Investment Trusts (S-REITs). Fueled by robust operational fundamentals and a favorable shift in interest rates, the sector staged a powerful rally, marking its strongest annual performance since 2019. Data from the SGX as of mid-December reveals that the iEdge S-REIT Index surged 9.3% in price, delivering a staggering 14.7% total return when dividends are included. This performance stands in sharp contrast to recent years, nearly approaching the benchmark set in 2019 when the index hit a 27.5% total return. The breadth of this year's gain is particularly noteworthy, with 29 out of 33 index constituen

BoJ Is Pulling Back Cheap Money — How Is Wall Street Responding? The recent fatigue in US Tech raises an uncomfortable question: Is the Bank of Japan quietly siphoning the liquidity fueling our growth portfolios? Heading into the December 18-19 meeting, the narrative is nuanced. While the acute panic of an August-style "Black Monday" crash has dissipated—with markets fully pricing in a 25bp hike—the risk hasn't disappeared; it has evolved. The suspense isn't about what they will do, but what they will say about where the finish line is. More importantly, is how is this pivot affecting the our portfolios. Macro Backdrop: "Green Light" to Hike The economic preconditions for a rate hike have been met. The BoJ is expected to raise the policy rate to 0.75%—a move unanimously supported by dimini

Can CoreWeave, Nebius, and IREN Win If Oracle Slows Its AI Buildout? On Dec. 17, the Financial Times reported that Blue Owl's talks with lenders and Oracle to fund a planned 1GW Michigan data center for OpenAI have stalled, derailing a deal that could have included up to $10B of financing plus a large equity investment. The financing disruption spotlights rising strain in Oracle's AI-infrastructure funding. Why neoclouds get punished first That headline lands on a market that has already turned suspicious of “AI infrastructure at any price.” In that context, neoclouds are getting hit for one simple reason: AI demand isn't the only variable anymore. The market is now pricing the cost and certainty of delivering that demand—construction timelines, financing terms, counterparty risk, and the

 🌟🌟🌟While the rest of the world chases the volatile highs of AI and crypto, a powerful story of resilience and wealth is being written right here in Singapore.  Recently the market watched in awe as DBS$DBS(D05.SI)$  and OCBC $OCBC Bank(O39.SI)$  surged to new highs, proving that these are not just "local banks" - they are Global Wealth Powerhouses. Resilience in the Face of Falling Rates  The big question on every investor's mind :  What happens when interest rates fall?  The narrative for 2025 and 2026 has shifted.  Analysts now see our Big 3 Banks as remarkably resilient. The secret sauce?  We