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27-Aug-2010 14:02

Straits Times Index / STI to cross 3000 boosted by long-term investors

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chiong on very small vol...

don't look sustainable..

wouldn't wanna be the one carrying the baby when the music stops

Volume:

592.2M

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27-Aug-2010 13:58

Straits Times Index / STI to cross 3000 boosted by long-term investors

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only benchmark to reference to...

although mostly driven by UOB share price surge today..

Bon3260 ( Date: 27-Aug-2010 13:55) Posted:

Ozone2002,

U belief in Index???

Sure bo???

('',)

ozone2002 ( Date: 27-Aug-2010 13:43) Posted:

chiong ah!!!

up the ladder...!!

hope afternoon don't down the ladder

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27-Aug-2010 13:47

Olam Intl / Ramping up its capex

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2.71

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27-Aug-2010 13:45

MCL Land / MCL Land Results Announcement

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y chiong 49c? ~25%

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27-Aug-2010 13:43

Straits Times Index / STI to cross 3000 boosted by long-term investors

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chiong ah!!!

up the ladder...!!

hope afternoon don't down the ladder

ozone2002 ( Date: 27-Aug-2010 09:56) Posted:

CHIONG AHHHHHHHH!!!!! YEEEE HAW!

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27-Aug-2010 11:44

GLD USD / Gold going up this year?

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How Much Gold is Enough?

Jeff Clark

"Should I buy gold now, or wait for a pullback?"

I get that question a lot...and it's a valid question. For nearly two years, gold hasn't had a serious decline. There have been pullbacks, of course, but nothing assumption-challenging. In fact, since October 2008, gold's largest price drop is 10.6% (based on London PM fix prices), and yet the average of all declines since 2001 is 13% (of those greater than 5%). The biggest pullback we've seen this summer is 8.2%. Technically the summer's not over, but I'll admit I'm surprised we haven't had a better buying opportunity.

So, is now the time to buy? It depends on your honest answer to another question: "Do you own enough gold?" By "enough" I mean an amount that lends meaningful protection on your assets. By "meaningful" I mean that no matter what happens next - another financial blow-up, accelerating inflation, crushing deflation, war, a plummeting dollar, more reckless government spending - you won't worry about your investments.

Whether you should buy now is almost irrelevant if you don't already own a meaningful amount of gold. If you earn $50,000 a year, how is one gold Eagle coin going to protect you if the dollar plummets and sends inflation soaring? If your investable assets total $100,000, is your nest egg sufficiently protected owning two gold Maple Leafs? This is all akin to buying a $50,000 insurance policy for a $500,000 home.

Today we face the prospect of prolonged economic stagnation, and most governments are administering grossly abusive monetary policy as a remedy. While some of the consequences are already being felt, the full ramifications have not hit your wallet yet. But they will.

If you don't have at least 10% of your investable assets in physical gold, or at least two months of living expenses, you have your answer: Buy. Don't use leverage, don't borrow money, and don't buy with reckless abandon, but yes, get your asset insurance policy and tuck it away. And then start working toward 20% (we recommend a third of assets be in various forms of gold in Casey's Gold & Resource Report).

Back to the original question: should we buy now, or wait for a pullback?

The answer comes when you look at the big picture. If you pull up a 9- year chart of gold, what sticks out is that the price is near its all- time nominal high. One could be forgiven for thinking it looks toppy or at least ripe for a pullback. But I assert that the highs for gold have yet to be charted.

What will a gold chart look like after adding five years to it?

When projecting gold's potential price peak, there are many ways to measure it. Conservatively, gold reaching its inflation-adjusted 1980 high would have it topping around $2,400 an ounce. More radically, if the US tried to cover its cumulative foreign trade deficit with its current gold holdings, gold would need to hit about $32,000/oz.

Let's take something more middle of the road, and apply the same trough-to-peak percentage advance gold underwent in the 1970s. (I think there's a greater than 50/50 chance it does more than that, given the precarious nature of the US dollar). Gold rose from $35 in 1970 to $850 in 1980, a factor of 24.28. Our price bottomed in 2001 at $255.95; multiply that by 24.28 and you get a gold price of $6,214 per ounce.

Sound too high? Well, would it feel high if you had to pay $12.50 for a Big Mac? At $3.39 today at my local McDonald's, that's about what it would cost ten years from now if we get the same rate of inflation we had in the late 1970s.

So if gold hits $6,214, what might it look like on a chart if you bought today around $1,200?

I'm not saying there won't be pullbacks or that you shouldn't try to buy at lower prices. Just keep a big-picture perspective. Let's say gold falls to $1,100 and you're kicking yourself for having bought at $1,200...if gold reaches $6,200 an ounce, the profit difference between buying at $1,200 and buying at $1,100 is only 1.6%. If gold gets whacked to $1,000 (at which point I'll be buying with both hands) the difference is still only 3.2%.

Heck, even if gold peaks at $2,400, you still get a double from current levels. (But unless government monetary policies immediately reverse course, gold isn't stopping at $2,400.)

So there's my answer. Yes, you have to accept my projection of gold's ultimate price plateau. And you have to sell at some point to realize the profit. But if the final chapter of this bull market looks anything like the chart above, I don't think you'll be too upset having bought at $1,200.

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27-Aug-2010 11:10

PEC / PEC IPO result out?

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Q-ed @ 89.5 support ..hope to join the bandwagon..

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27-Aug-2010 11:09

PEC / PEC IPO result out?

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Today’s Focus
PEC - An undervalued cash cow. Target price raised to S$1.31.

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27-Aug-2010 10:59

Straits Times Index / STI to cross 3000 boosted by long-term investors

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don't play shares then what to play?

POKemon?

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27-Aug-2010 10:54

Olam Intl / Ramping up its capex

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chiong ah!!! 2.67

commodities is in play...

ozone2002 ( Date: 18-Aug-2010 14:27) Posted:

rock steady 2.58

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27-Aug-2010 10:52

Straits Times Index / STI to cross 3000 boosted by long-term investors

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reckoned u just liked all the "poks"

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27-Aug-2010 10:40

Straits Times Index / STI to cross 3000 boosted by long-term investors

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Tau pok included?

des_khor ( Date: 27-Aug-2010 10:33) Posted:

later got mee pok for lunch liao.... this time round I want extra fish ball one !

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27-Aug-2010 10:39

Straits Times Index / STI to cross 3000 boosted by long-term investors

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i've bought some blue chips cos STI is oversold

waiting to let go when the technicals tell me too..

good luck!

ozone2002 ( Date: 24-Aug-2010 11:08) Posted:

remember buy low sell high..

proven make money strategy

ozone2002 ( Date: 23-Aug-2010 09:10) Posted:

STI is oversold..

i'm buying.......buy low sell high

DYODD

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27-Aug-2010 09:56

Straits Times Index / STI to cross 3000 boosted by long-term investors

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CHIONG AHHHHHHHH!!!!! YEEEE HAW!

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26-Aug-2010 18:00

Straits Times Index / STI to cross 3000 boosted by long-term investors

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how about tau POK?

beruangface ( Date: 26-Aug-2010 16:56) Posted:

i've cashed out long ago, now just waiting for the right time to enter again, i just wondering why still got ppl thinking of exiting now...so it's either i eat mee pok or this fella eat keroPOK

des_khor ( Date: 26-Aug-2010 16:40) Posted:

After left right got mee pok to eat ! I want with extra fish cake one

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26-Aug-2010 16:30

GLD USD / Gold going up this year?

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Hong Kong gold closes higher

On Thursday 26 August 2010, 16:10

Gold closed at 1,241.50-1,242.50 US dollars an ounce in Hong Kong on Thursday, up from Wednesday's close of 1,231.30-1,232.30 dollars.

It opened at 1,239.20-1,240.20.

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26-Aug-2010 16:10

Swiber / Swiber

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waiting for this baby to break out of its consolidation range..

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26-Aug-2010 14:40

Straits Times Index / STI to cross 3000 boosted by long-term investors

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Stocks Stage Shocking Rally: Here's What You Need To Know

Symbol	Price	Change
GLD	121.36	+1.00

SPY	105.94	+0.41

{"s" : "gld,spy","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""}

Joe Weisenthal, On Thursday 26 August 2010, 4:00 SGT

Wait! The news was bad today. Why weren't stocks down? We don't know, they just weren't.

But first, the scoreboard:

Dow: +22
NASDAQ: +17.71
S&P 500: +3.7

And now the top stories:

Wednesday got off to a very weak start in Asia, where the Nikkei fell 1.6%, kissing goodbye to 8,900, and the Shanghai -- which has been a pillar of market strength of late -- losing 2%. Things were unusually quiet on the BoJ-yen intervention rumors, though we're certain they'll pick up very soon.

Europe actually bounced in the early going, mainly thanks to a strong report form the German Ifo Institute survey, showing a rebound of business confidence in July. The S&P downgrade of Irish sovereign debt -- which occurred yesterday evening -- didn't really have that much of an effect, although spreads between Irish yields and German yields did hit an all-time high (though the bull market in Bunds [much like the bull market in Treasuries {more on that later}]) was a major cause of that particular blowout.

Things were looking a bit saggy early on, and then the market got hit with a 1-2 punch of bad macro data. Both durable goods orders and new home sales came in WAY worse than expected. Of the two, the durable goods weakness, which actually showed contraction, was probably the most alarming, given its obvious relationship overall economic output.

Not surprisingly, stocks tanked on the news. Treasuries rallied again, with 10-year yields heading toward 2.40, and the spread between 2y and 10y falling below 200 basis points, a flattening that's just crushing anyone that's put on a steepener trade.

But! It seemed the bears kind of tired out a bit, and the fact that stocks failed to fall even 1% on the bad data was a faint glimmer of hope for the bullish persuasion. The lack of follow-through in key "risk off" indicators like the yen also seemed to indicate that for now the negativity had gotten overdone, and thus it actually wasn't that surprising that stocks ended in the green. One other major winner was gold, which is quietly edging back towards all-time highs.

Of course, pitfalls abound. Tomorrow we get weekly claims. Watch for a reading above 500k (!) and Friday is the big one, with a speech from Bernanke and the GDP estimate revision.

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26-Aug-2010 14:15

Viking Offshore / NOVENA bot a warehouse 98, Pasir Panjang. 13.5mil

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looking at Enzer share price >20c

anyone doing fundamental analysis knows that it doesn't make sense..

Viking has more potential and has better revenue growth..

will be accumulating more as long as Viking price is below <20c

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26-Aug-2010 12:01

Straits Times Index / STI to cross 3000 boosted by long-term investors

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follow the big boys.....

Sharp fund inflows in July - by Chang Chiou Yi

Total net inflows for EM Asia came up to US$4.57bn in July following US$0.76bn of net inflows in June. A large part of the July net flows went into China. Asean-4 markets also received net inflows. Meanwhile, cash holdings dipped to 2.5% from 3.2% the previous month, in line with the markets' uptrend in July. With concerns still brewing over the momentum of the US recovery, cash holdings may rise in the near term. Nevertheless, we continue to believe in a slow global recovery but not a double-dip recession. Stock weighting changes in July do not signal a move towards defensiveness. On our ROE to P/BV basis, tech, financials, offshore & marine and basic resources offer better relative value while the consumer sector remains the most expensive.

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