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Latest Posts By ozone2002
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| 21-Jun-2010 09:16 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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chiong ah |
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| 21-Jun-2010 09:14 |
SingTel
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Singtel Bullish???
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chiong must take profit already..... buy agaoin on dip cos stocks don't move in a str8 line |
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| 21-Jun-2010 09:12 |
Midas
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Midas
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A unit of Midas Holdings has won a RMB59m contract from CNR Changchun Railway Vehicles fundamentals my fren...lay trap for the bear..... |
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| 21-Jun-2010 09:08 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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CHINA YUAN REFORM IN FOCUS buy stocks that earn in RMB............ e.g soundglobal, utdenviro,yanlord etc.. gd luck.. |
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| 21-Jun-2010 09:05 |
ShareJunction
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VIKING offshore
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utd 38.5 viking 21...go go go made more than 10% already.. |
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| 21-Jun-2010 09:04 |
Swiber
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Swiber
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break above 1.03 to flyyyyyyyyyyyyyyyyyyyy | ||||
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| 20-Jun-2010 19:03 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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STI is forming the right shoulder of a Head n shoulder pattern... watever the case SELL on CHIONG BUY on DIP ![]() |
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| 20-Jun-2010 18:21 |
GLD USD
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Gold going up this year?
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I have highlighted many times that gold will go parabolic! It is a
matter of when not whether. The time is getting closer and closer.
Although, the gold cartel wield immense pricing power, their time is
almost up. The fact of the matter is: there is overwhelming demand for
physical gold. More and more smart money are coming to their senses and
are flocking to gold. You should take every opportunity to accumulate
physical gold. Don’t be too concerned with the gold cartel. Their
machinations to depress gold price give us even more opportunities to
buy at a ridiculously low price! CNN reports: Foreign governments have been getting in on the recent gold rush, driven by continued fears about Europe’s debt crisis and the pace of the global economic recovery. Those concerns have been propelling the precious metal to record highs over the past 18 months. In fact, gold posted a new intra-day high Friday, when it reached $1,260.90 an ounce. A day earlier, it reached a fresh record high closing price of $1,248.70 an ounce. Last year, foreign central banks were net buyers of gold for the first time since 1997. India, China and Russia have been the biggest buyers. And more recently, the Philippines and Kazakhstan jumped into the fray with big purchases of the precious metal during the first quarter, according to data released by the World Gold Council Thursday. What’s behind the buying binge? Each country has its own unique reasons, but there are a few broad trends that unite them all, said Natalie Dempster, director of government affairs for the World Gold Council. ….. Unlike paper currencies, gold has a tangible value and that value is not dependent on any one country’s economic policies. When the financial crisis drove down the dollar’s value in 2009, and Europe’s debt woes pushed the euro to fresh four-year lows earlier this month, investors and foreign central banks flocked to safe-haven assets like gold. Add rising deficits in both Europe and the United States to the mix, and currencies have become increasingly questionable assets, said Jeffrey Nichols, managing director of American Precious Metals Advisors and senior economic advisor to Rosland Capital. That’s why it’s no surprise that foreign central banks overall have turned from sellers into buyers of gold in the last year, he said. Who’s buying gold? Russia and Kazakhstan: As far as public records show, Russia appears to be the largest buyer of gold among central banks so far this year. In the first quarter of 2010, Russia’s central bank increased its gold reserves by 26.6 metric tonnes, or about $1.2 billion at today’s price, according to World Gold Council data. That’s in addition to the 117.63 tonnes that Russia added in 2009. Russia has been adding to its gold reserves steadily for more than three years, partly through buying its own domestic mine production. It considers gold both a symbol of prestige as well as a way to bolster the country’s credit worthiness, Nichols said. Kazakhstan, the third largest buyer so far in 2010, has a similar strategy, although at a much lesser level. The former Soviet-controlled country bought 3.1 tonnes, or $137 million, of the precious metal in the first quarter. Philippines: After Russia, the Philippines falls a distant second as a buyer, after purchasing 9.6 tonnes, or about $424 million, of gold earlier this year. The Philippines also buys its domestic production as a way of supporting local industry and as an inflation hedge, but its reserves usually fluctuate more than Russia’s because the country often sells it at a later date on the open market. India: While India has yet to publicly announce any major gold buys this year, the country bought a massive 200 tonnes, or what amounts to about $8.8 billion at current prices, from the International Monetary Fund in November. The move, which multiplied India’s reserves by 55%, was seen as a way for the country to diversify its reserves and reinforce the perception among Indian consumers that the metal is a reliable and safe asset, the World Gold Council said. China: China is considered a stealth buyer of gold, said Boris Schlossberg, director of currency research at Global Forex Trading. As the world’s largest producer of the metal, China often buys gold from its own mines and doesn’t report those sales publicly. But in April 2009, China did admit to having added 454 tonnes, or a 76% increase, to its reserves since 2003. Analysts suspect the country is continuing to buy gold and could in fact, be the world’s largest buyer consistently. It simply doesn’t reveal it’s pro-gold stance proudly, however, because China is also the world’s largest holder of U.S. Treasurys. Announcing an aggressive gold buying spree is not in China’s best interest because, for one, it might push gold prices higher. Secondly, it could devalue the U.S. dollar, which would subsequently lessen the worth of the country’s portfolio of U.S. government bonds, Schlossberg said |
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| 19-Jun-2010 19:17 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Gold is king-dom | ||||
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| 18-Jun-2010 23:32 |
GLD USD
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Gold going up this year?
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Update: Gold hits record above US$1,260 on safe haven demand LONDON - Spot gold hit a record high above US$1,260 an ounce on Friday as demand for bullion as a haven from sovereign and financial risk pushed the metal through technical resistance. Spot goldhit a high of US$1,260.20 an ounce and was bid at US$1,258.85 an ounce at 1447 GMT, against US$1,243.40 late on Thursday. US gold futures for August delivery also hit a record US$1,262.00, and were later up US$12.00 at $1,260.60. -- REUTERS | ||||
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| 18-Jun-2010 17:01 |
Others
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World Cup 2010
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yes ser! | ||||
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| 18-Jun-2010 17:00 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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wah good ..u have passed my course.. can make $$ already
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| 18-Jun-2010 16:40 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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chiong ah?
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| 18-Jun-2010 16:23 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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yogi or care bear?
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| 18-Jun-2010 16:08 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Know what u get when u follow the bull behind???? Ans : B U L L S H I T |
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| 18-Jun-2010 16:07 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Buy on dip Sell on chiong la............... Why chase.......... |
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| 18-Jun-2010 15:57 |
Hyflux
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Hyflux
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oh u wan extension some more.. can be arranged...didn't know u have a penchant for such fetish...hahaha |
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| 18-Jun-2010 15:54 |
Others
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SSE diving now...wow!! so HIONG ! :P
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Fu ming xia representing CHINA? | ||||
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| 18-Jun-2010 15:52 |
Citic Envirotech
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United Envirotech
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seems like they're trying to accumulate enough to push it further... watch for the break above 37 |
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| 18-Jun-2010 11:42 |
Citic Envirotech
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United Envirotech
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gotta hack down the walls of 37c sell Q... n break above the previous high to move further.. |
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