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But I will insist that it is not yet a downside. I still insist that 4,000 plus or minus, it can handle it. Actually, it's very easy, as I always say. If I say the downside is at 4,000, it fluctuates around 4,000, it's settled. What does that mean? You buy at 4,000, you close the door to failure. Low chance of failure, right? And don't, don't, don't misunderstand that there must be, there must be a gold war for it to rise. Because what has happened in the past, this theory is not correct. It's not correct because when there's a war, but it's a war where every time we can predict the essence. We can point out that the possibility is very high that gold will rise again. And various investors who have left gold have almost all left. Those who want to stay, stay. Those who don't want to stay, or are afraid of profit, or whatever, they have all left now, right? That's why it stands, that's why it can stand here. Because if they haven't all left yet, Nong Tat would have seen 3,000, 3,500 already. This time, I am more confident than many times that when it ends, if we believe it is as I say, in the end, gold must return to an uptrend. It must return to an uptrend, and I think you will likely see 5,000. Thailand Gold Summit 2026, the biggest gold seminar in Thailand, is now available for rewatch. >> Most people trade gold, 95%. >> Hey, why are they losing money? >> Crisis periods are the best time for you to convert cash into assets that are decreasing in value. >> You can watch the full replay of all Main State Stations. For more details, follow SIP Event. Besides oil, finally, on the gold side, during the war that occurred in February and March, the price of gold dropped sharply, more than 30%. Until now, gold has bounced back from 4,000 to set a new high for about 2 weeks. Even though oil has risen and the dollar is still at a stable level, P' Moo, how do you see the direction of gold in the new war and the price of oil that is still likely to rise? >> Actually, last time I came, I think I told you guys that in another 3-4 months, I believe the price won't go anywhere yet, but it will be a new uptrend in about 3-4 months from now, right? That's what you said, approximately. >> Said it would be 4,000 for 3 months. >> Uh, approximately. This is plus or minus, it's not that precise. Maybe 4,100, 4,200, whatever. But 4,000, I consider it the downside. I will look at it, perhaps differently from others. Others might be unsure if 4,000 can hold, if it will be a downside, a downtrend, or what. But I will insist that it is not yet a downside. I still insist that 4,000 plus or minus, it can handle it. But it might rise to 4,100, 4,200, this is possible. But the point is this. I always say that gold is not moving because the buyers or those who come into gold, it's like oil, the markets are similar. How are they similar? Both markets are hesitant. They are markets in a state of wait and see. What does that mean? The gold market happened first, so the price is not taking off. Why? Because you still don't know where inflation will go. Will the war end tomorrow or not? But now, because the helpers for inflation, the helpers for oil prices in the US, are decreasing, right? As I've explained all of this, but the next round, the next time that is about to happen, there is a chance or clarity of direction that Trump will have to face, maybe face scenario 110, 120, and it will be a trigger that forces him to retreat. This clarity is greater than the last round. Because last round, there were helpers. >> Yes. >> That is global inventory and China. But this round, it seems these helpers are weakening a lot. This means that the clarity of the direction of the war ending, in my belief, is increasing. Increasing means what? If I am an investor who speculates on gold or invests in gold, I start to feel that, oh, gold has a clear direction. Oh, gold must end for sure. In 2-3 months, when it ends, I don't know, but it's okay. If I just think it will end in 3 months, I should invest anew. Similarly, oil is the same because it's linked now. Oil, inflation, gold, and hesitation, wait and see. This is the picture of the oil market and the gold market that I want you to see. And I believe that in 2-3 months, why 2-3 months? It goes into the question that Nong asked. There will be election results, there will be the economy, there will be inflation, there will be various things that are holding back the US, or holding back Trump. Therefore, it means that if the decisive victory is not achieved, and Iran can make oil prices return to 120, 100 and hold, but Iran will likely win, win in this game. But it's not winning the war, it's not like that. It's different. >> Yes, and after these 3 months, when gold might be stable around 4,000 plus or minus, P' Moo, do you see the direction as an uptrend, or will it stagnate for a long time, and what factors will drive it? >> It must not stagnate. Because, simply put, if it can hold 4,000, it's really like that, right? How many months has it been holding? I don't know, many months. >> Yes, but it might fluctuate, it's normal. Now, because if 4,000 holds, it's like consolidating, right? Right? And now, the question is, if the war has a clear direction that it must end, because there are constraints holding back the US in 3 months, and let's assume we set a timeframe of 3 months. I set a timeframe of 3 months because in 3 months, we are talking about September, October. It will be the end of the election. But if it's longer than that, then we don't need to talk about it. And another thing, 3 months is long enough for us to be confident that China will have to increase oil imports. 3 months is long enough to be confident that global inventory or global reserves are not enough, definitely not enough. Let's put it that way. Why do I set a timeframe of 2-3 months? If it's one month, there might be an error. So, when that happens, we can point out that. >> The possibility is very high that gold will rise again. And various investors who have left gold have almost all left. Those who want to stay, stay. Those who don't want to stay, or are afraid of profit, or whatever, they have all left now, right? That's why it stands, that's why it can stand here. Because if they haven't all left yet, Nong Tat would have seen 3,500, 3,000 already. >> Yes. >> From the past. That means it's settled, if you say it. Right? And don't, don't, don't misunderstand that there must be, there must be a gold war for it to rise. Because what has happened in the past, this theory is not correct. It's not correct because when there's a war, but it's a war where every time we can predict the essence. Let me ask you, how many times has war actually happened and we couldn't predict the US's involvement? Very few. The last time I remember was the Afghanistan war, which had no significant impact on the market. The Vietnam War also had no significant impact on the market, right? These are the wars I remember where the US couldn't predict and ultimately lost. But not lost the war, but lost to themselves. Is that right? Because this war is related to the energy market and inflation. The US's opponent has oil as a hostage, let's put it that way. That causes inflation in the US and various problems follow. Therefore, this time, I am more confident than many times that when it ends, if we believe it is as I say, in the end, gold must return to an uptrend. It must return to an uptrend, and I think you will likely see 5,000. This year, next year, I will see it. It depends on how quickly the war ends, more than now. This is round 2. >> What strategy does P' Moo recommend during the period of stable prices for 3 months, plus or minus? >> Actually, it's very easy, as I always say. If I say the downside is at 4,000, it fluctuates around 4,000, it's settled. What does that mean? You buy at 4,000, you close the door to failure. Low chance of failure, like this, right? It's like looking at stocks. >> Yes. >> Second, if I say, and if the war ends, those who are unsure will come back to buy, accumulate fully, like central banks will have to come back, right? Other countries, or people who have sold gold, most of them will have to come back to buy, right? Now, we have to look at what resistance levels there are for the next rise, because there will be people stuck in gold, at various levels. That's another matter. But my answer is, buy at 4,000 plus or minus, that's the most interesting point if you believe my theory or analysis. It's not a theory, I don't have theories. It's just analysis. And I believe the price will return to 5,000. There will be its own timing. Because the next rise will have resistance, it's not without resistance like the last time, right? But demand is sufficient. >> Thank you everyone for following us all along. Our goal is to take this channel to 1 million subscribers to create a wider society of learning in economics, business, and investment. Now we have YouTube Membership. Just subscribe, and you will receive exclusive content and seminars from PR KP and Team Business Tomorrow. Please subscribe.