Zak Mir, Tech Analyst at ShareProphets.com and Tim Price of PFP wealth management, take a look at Stocks, Gold prices, WTI Crude and share the impact on financial markets if China data continues to disappoint.
Impact on Equities if China continues to slump
Price believes that no immediate follow-through from equity to equity market might be seen, but it will be a more stock specific story. There would be a knock on wealth effect for Chinese investors if the Shanghai Composite index continues to dip. Looking to copper and its importance to Chinese development, Price notes that despite 6 year lows, buying now could be like catching a falling knife and the answer to low prices is often low prices.
Still holding onto Gold as an insurance
Price says that they continue to hold Gold from an insurance perspective, in spite of the prices being hammered lower on falling commodities. Price’s basis of holding Gold – Industrial Commodity, and as an alternative currency.
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