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Feng Shui masters on the Year of the Metal Tiger and $2,000 gold

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It was intriguing to watch the Feng Shui masters talking financial markets on CNBC, leaving aside the guy who first said markets looked bad for 2010 and at the end of the interview said with equal conviction that markets looked good.

If I heard it right then March, April, May are bad months for stocks in an otherwise pretty good year for equities, albeit with some turbulence. And this being a metal year this is a good time for investing in all metals from gold and silver to copper and aluminium.

Feng Shui strategy

You could short stocks and then go long in metal in the summer perhaps. Certainly for gold and silver the second half is usually the best time of year. There was also a $2,000 gold forecast from the masters of Feng Shui. Doubtless the masters of the gold market like Jim Sinclair would concur.

I sometimes wonder what is the difference between fortune tellers and investment analysts. We use the same language, and are subject to the same basic problem, namely that nobody actually knows the future or what it holds. In Kuala Lumpur once I read story about a man who was driving along and a 10-tonne concrete bloc dropped on him from a construction site.

It matters little what the future holds if you do not have one. The Feng Shui guys always seem somewhat guided by market forces and news, and that always makes me stop and listen to what they have to say.

First half down

Given that global stocks are coming off a very long rally the first half negativity strikes a chord. You ought then to get another rebound, and that could close the year on a happier note. Meanwhile, the incredible money printing by governments all around the world is expanding the money supply but they cannot print gold.

Feng Shui is a bit broad brush and leaves you with quite a bit of detail to fill in but there is something in these prognostications for 2010. I suppose if its real value is to make people think a little about probable changes in the investment scene then Feng Shui has some relevance.

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Written by Peter Cooper

February 6, 2010 at 1:35 pm

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