Year-End Competition

Dear Ladies and Gentlemen

Interesting times demand for an interesting competition!

Let us have another year-end competition. I know it is still early in the process, but I think you will like the challenge. I hope for a few bold predictions.

Those who follow my weekly mails for some time will know, that I don’t like making predictions. Why? Because predictions are impossible to make. We will take assumptions based on our best of knowledge, only that this best of knowledge will never be enough to get it right.

However, from time to time I am happy to tell you what I think may happen and since these are exceptional times and since I like you to let me know what you are thinking, it is time for a year-end competition. The deal is easy, I tell you when you tell me.

Like I did in the past, I would like to invite you to compete with all other readers and myself and out of tradition, the winner will receive one ounce of sliver in the form of a silver coin. This certainly will make my friends Robert and Chris wanting to participate.

Last year’s competition was won by my friend and mate Andreas, and I know I mentioned before, Andreas was the best producer of study notes during university-times.

Now, I suppose and as we did last year, we are trying to guess the year-end price for one ounce of gold in USD, for the S&P 500 and for one ounce of silver in USD. All cash, no futures. The closest one wins the silver coin. The year-end prices will be taken from this page:

https://marktdaten.fuw.ch/.

Now my predictions are the following: S&P 500 – 4’450, Gold – USD 1’280, Silver – USD 14.95.

As last week let us again quickly see what has happened to financial markets so far this year? Here are some numbers for 2020: Gold: +6.36%, Silver: -19.35%, Dow Jones: -20.98%, EuroStoxx 50: – 23.96%, DAX: – 24.52%, SMI: – 13.31%, Crude Oil (Brent) – 58.2%.

Next week my young friend Anton will share his ideas on USD liquidity and its importance to global trade and financial markets. I am very much looking forward to getting to know more.

And now, Ladies and Gentlemen, I wish you a good start into the day and above all good health!

Please feel free to share your ideas and investment experiences with me, but please don’t forget (instead of hitting the reply button) to send your messages to:

smk@incrementum.li

Many thanks, indeed!

Yours truly,

Stefan M. Kremeth
Wealth Management
Incrementum AG

Tel.: +423 237 26 60
Cell: +41 79 303 48 39
Im alten Riet 102
9494 Schaan/Liechtenstein
Mail: smk@incrementum.li
Web: www.incrementum.li