MIDAS Capital

PRE WEEK ANALYSIS - 13-MAR-23 TO 17-MAR-23

Last week, the US jobless news and NFP news showed weakening strength which resulted in the weakening of the USD and the strengthening of the gold prices.

This week, Midas traders project the continued weakening of the USD as the US inflation rate may fall, EUR may evoke a stronger tightening and CNY may get up to steam with reawakening it's economy.

There are many impactful news this week. Hence, we will practice prudence and not trade hours before the news release to prevent our trades being caught in a large rally.

"Trade safely or not at all. There is always time to earn low risk profits!"

PRE WEEK TRADE ANALYSIS - 27-FEB-23 TO 3-MAR-23

MCI,

Here is our forecast for the upcoming week.

As you can see, we forecast that gold prices will continue to fall due to last week's strong news which depicts hot inflation. However, this trend may go sideways towards the end of the week which may be attributed to weakening AUD interest rates news, strong EUR, and US PMI news, and weakening US jobs market.

The mixed sentiments may result in the sideways movement or slightly stronger bullish movement of the gold prices.

We will have to monitor the daily news and keep all investors updated.

"May the Gains be with You!"

TRADE PERFORMANCE: 1-FEB-23 TO 24-FEB-23

Midas Capital continue to be profitable with 0 loss days in February.

We will be introducing a new trading strategy called "DAMODICE Capital" in March and developing 2 more live trading signals with varying risk and reward levels. So, do follow us to learn more!

We have partnered with 3 strategy provider platforms and will be sharing the links to allow you to start trading with us with ease.

Further, we will develop videos to make it easier to consume our content such as trade week analysis, trade performance and step by step guide to get started partnering with us and start your journey to success!

In Midas, we value you our investors and are committed to provide the best service to allow you to be successful.

POST WEEK ANALYSIS - 20-FEB-23 TO 24-FEB-23

Greetings Midas Capital Investors (MCI),

Our forecast turned out to be accurate to the actual market performance as US Job market, US PMI, FOMC minutes and US PCE index showed rising of inflation and the increase likelihood of another aggressive interest rate hike in the future.

In our future trades, we need to keep close watch of economic data from PMI, inflation and job market news releases. Rising inflation has not been subdued yet and potential of economic recession is looming in the future.

Keep watch of our performance in Feb to date and our forecast for the upcoming week!

"Trade safely or not at all. There is always time to earn low risk profits!"

[Read this in LikedIn Post - Lean Six Sigma must focus on improving quality and not just aimless cost cutting]

SIX SIGMA KILLS 346 People
Everyone involved in quality should watch the movie “DownFall: The Case Against Boeing” (Netflix, 2022). It paints a picture of how Six Sigma led to disaster at Boeing.

Boeing was once a company that focused on quality. Its theme was “quality first”. First class quality meant first class safety.

Following a merger with McDonnell Douglas in 1997, the bean counters took over. Quality was no longer a priority. Everything revolved around cost cutting. Cost cutting with both a disregard for quality and an ignorance of the meaning of quality, was fertile ground for the Six Sigma Scam. Two years later in 1999, the Six Sigma farce was adopted by Boeing.

As happened elsewhere with the Six Sigma Scam, the result was disaster. In this case, it wasn’t simply a massive financial loss of over $80,000,000,000 but a more importantly, a loss of 346 lives.

The disaster originated with bad design. The design of the 737MAX was overseen by CEO "Jim" McNerney who was escaping from the mess he left at 3M. McNerney forced Design for Six Sigma (DFSS) into 3M, crippling the company. At 3M, McNerney was replaced with George Buckley. Buckley removed Six Sigma, which restored 3M’s R&D morale and innovative spirit saving 3M from the Six Sigma disasters of Ford and GE.

Boeing needed a new plane to compete with Airbus. Instead of a much needed new design, McNerney brought his Six Sigma cost cutting into play and decided to tart up the 40 year old existing design. He created a plane that was inherently unstable.

The 737MAX instability was compensated by a cheap fix ... the MCAS. In a fatal move, more cost cutting had the MCAS entirely dependent on a single sensor. If the single sensor failed or was damaged, pilots had 10 seconds to locate the problem and react, or die. The pilots were refused training in how to do this.

The film tells a horrific story of greed and catastrophic Six Sigma disaster.

The message is clear. Six Sigma cost cutting destroys quality and safety. Be sure to also watch “If Japan Can, Why Can’t We?”. It tells how companies in the West should be addressing Quality, using Professor Deming’s methods, as do successful companies such as Toyota with their Quality Circles.

Six Sigma is a method created by a self-confessed con man who knew nothing about Quality. He admitted “all you have is smoke and mirrors”. His intention was only to milk millions of dollars from his gullible victims. Six Sigma cost cutting is the antithesis of Quality. It is the opposite of everything Professor Deming taught.

A focus on Quality minimizes costs and maximizes safety.

PRE WEEK ANALYSIS - 20-FEB-23 TO 24-FEB-23

Greetings MCI,

This week, there are many significant news releases from US PMI, EUR PMI, JPY inflation, FOMC minutes and US jobless claims. The list goes on.

Based on past 2 weeks economic data, we can observe the comeback of inflation in US, EU and GB. We project the Central Bank's will learn towards a hawkish stance and consider hiking the interest rates in future.

The hiking of interest rates will inevitably strengthen USD and cause gold prices to fall, further displaying the strengths of the world economy amid rising inflation.

Midas traders projects the fall of gold prices and will trade during certain times of price stability.

"Trade safely or not at all. There is always time to earn low risk profits!"

POST-WEEK ANALYSIS - 13-FEB-23 to 18-FEB-23

On 12-Feb-23, Midas traders have projected the bullish movement of the charts based on a weakening inflation past results.

However, on 14-Feb-23, there were news depicting the overheating of energy prices and used car prices which signal the comeback of hot inflation. Immediately, our traders informed you, investors and informed that the potential movement of the chart is bearish.

In addition, jobless claims were better than expected which further fuels hot inflation news.

The result was the bearish movement of the market and Midas traders were correct yet again.

In Midas, we continually analyze the markets and make quick adjustments to our projections and trading parameters to suit the manifesto.

Greetings MCI,

There is a possibility of CPI results to be higher than expected which can be translated to strengthening inflation. As such, potential aggressive hikes may well not be off the table.

If this happens the gold prices will fall as USD strengthens.

We are closing all trades by 1300h (GMT+8) today as we brace for the inflation news.

"Trade safely or not at all. There is always time to earn low risk profits!"

https://www.cnbc.com/2023/02/13/inflation-report-due-tuesday-has-the-potential-to-deliver-some-bad-news.html?__source=androidappshare

Inflation report due Tuesday has the potential to deliver some bad news All market eyes Tuesday will be on the release of the Labor Department's consumer price index.

PRE-WEEK MARKET ANALYSIS - 13-FEB-23 TO 17-FEB-23

Midas Capital group projects that gold prices will move UPWARDS in the upcoming week.

Here are what we know of the US inflation situation.
1. US employment remains very strong with Non-Farm Payrolls showing one of the strongest increases in recent months.
2. However, Retail and Home sales are weakening as inflation and interest rates continue to be hiked by the FED.
3. Further, PMI < 50 showing contraction and GDP growth estimates continue to reduce over time.
4. Past CPI and PPI news are the crystal ball into the inflation news and both of them have showed inflation is loosening its tight grip in the US.

Based on the facts that US economy is largely contracting, we can visualize that the strong employment data may also show that people are still spending less and saving their money for a rainy day.

There is a strong indication of weakening US inflation, hence, we project XAUUSD prices to increase strongly during this news release.

Exercise caution at least 6 hours before news release.

"Trade safely or not at all. There is always time to earn low-risk profits!"

POST-WEEK MARKET ANALYSIS - 6-FEB-23 TO 10-FEB-23

Greetings Midas Capital Investors (MCI),

In the beginning of the week, Midas traders released the projection of the market movement in the blue arrows (refer to the Pre Week Market analysis post).

What can we observe?

Well, we observe that we have accurately predicted the SIDEWAYS movement of the market. However, the magnitude of the sideways movement may need some tweaking we believe that magnitude of change is very difficult to forecast as it is based on the economic data releases. Nonetheless, Midas trader's forecast is enpointe' and the larger magnitude shows our trades can be more conservative than actual results. Hence, ensuring we have a safety buffer and are able to trade safely.

How did we perform for the 1st 2 weeks of February?

We have performed very well for the 1st 2 weeks of February, clocking an average of ~2% profits. We are on our way to achieving a 4 - 5% ROI for the month of February and will remain consistent for the past 5 months of trading.

Midas Capital remains committed to providing you with reliable returns and growing your capital safely.

"Trade safely or not at all. There is always time to earn low-risk profits."

Greetings Midas Capital Investors!,

TOTAL PROFITABLE DAYS / TRADING DAYS = 87/87 🔥

Greetings MCI,

The market has been moving sideways for the last 2 days and resulted in erosion of profits. However, that is not our greatest worry. Our worry is what comes ahead.

Why is the market moving sideways?

Well, it is moving sideways because the market investors are uncertain of the future and the prices are consolidating. There has been mixed market sentiments ever since the strong job market results is signalling FED may continue the raising of interest rates at an aggressive level.

However, the retail sales, consumer sentiment and spending, housing markets, PMI and inflation rate results are showing otherwise. This uncertainty in the market has brought us to this tug of war scenario and it will only be broken after Jerome Powell speech on 2-Feb (1pm EST).

Powell is expected to address the strong job market which requires cooling measures and balancing that with the weakening economy and dwindling retail and housing strength. Whichever his stance, the markets will break its deadlock and move strongly toward one direction.

MIDAS Capital has closed all positions and will halt trading until there is a clear heading of the markets. We do not seek to predict the direction of the market as the markets are highly unpredictable.

"Trade safely or not at all. There is always time to earn low risk profits!"

MARKET ANALYSIS - 7-FEB-23

There will be higher than expected volatility during the Asian trading sessions as GBP and AUD will be releasing their retail sales numbers and cash rate.

Based on market consensus, we project as increase in gold prices and weakening of USD.

Exercise caution in your trades especially the Asian trading sessions.

PRE-MARKET ANALYSIS - 6-FEB-23 TO 10-FEB-23

Midas Capital group project that gold prices will move sideways in the upcoming week.

Mon: Market sentiments from NFP result and dovish tone of ECB will continue pull the gold prices lower.

Tue: BRC retails sales monitor and AUD inflation rate may cause an increase in the gold prices temporarily.

Wed: Jerome Powell may retain the dovish tone of slowing the pace of interest rate hikes.

Thu: Strong US employment market may cause the gold prices to fall.

Fri: Dovish tone of ECB and stronger CNY markets will cause the prices to fall as USD strenghtens from these injuiries.

MARKET POST ANALYSIS - 30-JAN-23 to 3-FEB-23

"If you are not able to predict your wife's mood the next day, don't even hope of predicting what is going to happen in the financial markets."

Midas Traders did a perfect projection of the chart movement from Monday to Wednesday. However, no one would have expected the movement on Thursday and Friday.

Mon - Wed: EUR and CNY were signalling a weakening economy and gold investment was hedged against future risks.

Thu - Fri: USD showed strong employment as jobless claims and NFP were better than expected. EUR ECB raised interest rates while taking a very dovish tone in slowing the hike rate pace.

This dovish tones from the FED and EUR have resulted in the plummeting of gold prices.

Midas traders did not trade on Thu and Fri US sessions as they appreciated the high volatility of the news.

The benefit? We did not take on unnecessary risks while pocketing really good sideway movements on Friday day trading session.

Always remember: "Trade safely or not at all. There is always time to earn low-rick profits!"

MONTHLY PERFORMANCE - 31-JAN-23

Greetings MCI,

January 2023 was a very good month for our trade performance. We have achieved our milestones of providing 4% returns for our Medium risk strategy, 6% returns for our High-risk strategy, and 8% returns for our Very High-risk strategy. Maintaining this monthly performance throughout 2023, we will provide our investors 1.5x capital, 2x capital, and 2.5x capital ROI for our 3-tiered trading strategies respectively.

Midas Traders are ever committed to our company's vision which is to provide safe and reliable trading performance to empower our investors to grow their capital safely through a diverse investment portfolio.

"As long as you do not earn income while you are asleep, you will be working for the rest of your lives." This a powerful quote to remind us that we need to make effort to invest and grow our capital safely.

"The power of compounding is the most powerful force in the world."Another powerful quote to remind us that seemingly small returns per month will eventually snowball our capital to a large amount thus, enabling us to retire and earn passive income. The main focus is (1) not losing and (2) small incremental improvements will go a long way.

These beliefs are in the heart of every MCI trader. "If you want to go fast, go by yourself. But, if you wish to go far, go with others."

Let's take on this investment journey with MCI.

"Trade safely or not at all. There is always time to earn low-risk profits!"

MARKET ANALYSIS - LESSONS LEARNT - 2-FEB-23

The conventional wisdom of market movement relative to interest rate hikes was stock markets will fall when interest rate is hiked.

However, we saw a positive correlation between the stock market prices and interest rate hike yesterday.

Why is the market misbehaving?

Well, this is because conventional wisdom does not work on markets. Markets move based on market sentiments. Basically, the investors outlook of the future. It's a measure of their confidence of the stock market strength based on the interest rate changes.

Why has the investor future sentiment changed post Fed interest rate hike?

Well, it's because the interest rate was hiked however, it is slowing down. Fed hiked interest rate 25bps which is lower than the previous 50 bps. This shows that the FED saw inflation is slowing down and their hikes are taking into effect. Further aggressive hikes will be detrimental to the job market, and they are performing a balancing act to optimize hikes and a soft landing for the economy.

What is the future?

Midas Capital believes that we are not out of the woods yet. Another interest rate hike is in the pipeline and it's most probably be a similar magnitude. 2023 will experience this high interest rate sustained through to 2024 where most probably the inflation would have flattened and eased down, and a recovery will take place.

S&P 500 closes higher on Wednesday, Nasdaq adds 2% as investors look past Fed's rate hike

S&P 500 closes higher on Wednesday, Nasdaq adds 2% as investors look past Fed's rate hike Investors assessed a quarter-point rate hike from the Federal Reserve at the conclusion of its latest policy meeting.

Good day MCI, we have posted our forecast of the market movement this week on 30-Jan-23 and we can observe clearly that the actual market developments matched perfectly with our forecast.

Kudos to our MC traders!

Our decision to freeze our trades on 2-Feb-23 has it benefits as we did not risk our capital unnecessarily and continue to earn our profits in a low risk environment.

As the price movement has yet to stabilize, our trades continue to halt and we plan to resume our trades by 12am (EST), subjected to price developments.

In summary, MC forecast is 100% accurate, we conserved our capital against high risk environment and continue to be profitable for our investors.

"Trade safely or not at all. There is always time to earn low risk profits!"

Good day MCI,

Yesterday, our trades experienced higher than normal drawdown of up to 5 to 6% and forecasted that the charts will enter the support zone and rebound upwards.

We are happy to announce that all of your trades are closed profitably as the charts rebounded as predicted. 🫰💰

All trades are halted on 1-Feb-23 as US FED will be releasing their federal funds rate and this will add extremely high volatility and risk to your capital.

We shall resume our trades on 2-Feb. 👍

CRISIS MANAGEMENT - 31-JAN-23

MCI, the chart moved into the Support Zone as initially marked by our traders beginning of this week.

Currently, our accounts are suffering -5% drawdown and we need to step in to ensure all trades are closed profitably.

We will have to determine the most probable location for retracement.

TRADIN STRATEGY FOR 30-JAN-23

There are no significant news release for 30-Jan. As such, previous Friday US personal spending, personal income and Michigan consumer sentiment data sentiments will continue to ride during the day.

Results showed mixed sentiments as personal spending performed worse than expected whilst consumer sentiment was better than expected.

Overall, we will put higher focus on actual personal spending compared to consumer sentiment of the future. As personal spending did worse than expected, we project the continued weakening of the USD.

Further, markets will be relatively quiet for the next three days as they brace for the fed federal funds rate news release. Markets are projecting a large reduction in the rate hike with the consensus of 12.5bps (the lowest in the last 6months). This shows the markets are optimistic that inflation has peaked and markets are in for a softer landing. If this scenario plays out, USD will continue to weaken against XAU.

Expect higher volatility next week during the big stock earnings news release especially Wednesday and Thursday.

Cramer’s week ahead: Fed decision on Wednesday could let the bulls ‘party on’ Cramer also reviewed next week's roster of earnings.

MARKET ANALYSIS - 30-Jan-23 to 3-Feb-23

✅ The US stock prices continued to make higher highs and higher lows as expectations grew that the central bank's tightening policy would end soon. Following Waller's easing speech last week, the WSJ also reported an article titled "The Fed will set a path for a more modest rate hike at the FOMC in February," boosting market expectations.

✅ In addition to this, as the Chinese economy recovers and natural gas prices drop due to warm European weather, expectations for economic improvement are gradually rising.

✅ After a two-day surge, the US stock market was mixed ahead of the company's Q4 earnings. While some companies delivered stronger-than-expected results, but others, including 3M, suffered quarter-on-quarter earnings, driven by slowing Chinese demand in the fourth quarter and the Fed's rate hike. This dizziness in corporate performance was also found in economic indicators.

✅ On the 25th, the US stock market started with a decline of more than 1%. This is because Microsoft's Q4 revenue decreased compared to the previous quarter, casting a gloomy sentiment on the overall market. In particular, guidance for the first quarter of this year was very negative, which led to simultaneous declines in major tech stock prices.

✅ In addition, considering corporate earnings announced so far and future estimates, it is worth noting that the EPS of S&P500 companies in Q4 is expected to decline by about 5% YoY, which is worse than the estimate made at the beginning of this year.

✅ However, as the Bank of Canada(BoC) adjusted the pace of the rate hike, market sentiment partially recovered. As previously expected by the market, the BoC raised the benchmark interest rate by 25bp, saying that “We believe that tightening monetary policy is slowing down economic activity and that inflation has reached its peak.

MIDAS MONTHLY PERFORMANCE as of 27-Jan-23

MIDAS MONTHLY PERFORMANCE - JANUARY 2023

MARKET ANALYSIS - 16-JAN-23

Important! Today is Martin Luther King's day which is a US holiday. Hence markets will be closed during the US trading sessions! Please check with your broker on the trading holiday period.

High impact news - adjust trade risks
17-Jan - CNY industrial production, unemployment, retail sales
19-Jan - USD jobless claims

Market sentiments
1. China has opened their borders and eased COVID restrictions however, there has been an increased number of COVID infection cases and struggled to keep it under control. Economy recover will be slow paced.
2. USD job market remains resilient and strong amid large MNC reduction of manpower and exercising retrenchments. We forecast job market to weaken over time and eventually triggering a recession. So brace yourselves.
3. Oil prices have been falling from 100USD to 80USD per barrel. This has a positive effect in reducing inflation and keep consumer prices down.
4. Bitcoin has pierced through the 20,000USD mark and seem to gaining strength this year as falling oil prices aided mining costs. Further, some investors are taking up positions to prepare themselves for a recovery.

MIDAS TRADING STRATEGY
1. Conservative approach on 17 Jan, 18 Jan, 19 Jan
2. Stop trading on 16 Jan, 6am EST
3. Overall sentiment - Gold prices continue to strengthen as USD weakens amid the falling inflation rate and retail strength.
4. Beware of US employment news, it is the only linchpin left holding back the flood gates of recession.

"Trade safely or not at all. There is always time to earn low risk profits!"

Greetings Midas Capital Investors (MCI)!

We are at the mid-mark of January and have performed splendidly well. All 11 profitable days and 0 loss days. 🫶

King Midas the Second is on its way in achieving 10% ROI for the month and it has been managing it's very high risks very well. For those with higher risk appetite, you may want to consider this strategy to follow.

MARKET ANALYSIS - 10-Jan-23

✅ The short-term (1-year) inflation expectation announced by US FED has fallen 0.2% compared to the previous month, recording the lowest level since July 2021, amplifying expectations for slowing inflation.

✅ However, the hawkish monetary policy stance maintained by Fed officials has dampened this positive market sentiment at once. Mary Daily, the head of the San Francisco Fed, emphasized that “there is still the possibility of a 50bp interest rate hike at the FOMC in February, as the Fed has not yet seen a drop in core service prices”. Today’s Fed Chairman Powell’s speech ahead of the December CPI announcement appears to be a decisive catalyst for overall asset volatility today.