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08-Oct-2009 17:06

GLD USD / Gold going up this year?

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hahaha, yeah, got to monitor its trend , unless it hits 1,050 tonight,if not, it might be sliding down tomorrow.

richtan ( Date: 08-Oct-2009 16:45) Posted:

I really dun know, as the mkt conditions is dynamic n in a flux, changing daily, just have to be on the alert n keep tab on the trend daily.

niuyear ( Date: 08-Oct-2009 16:14) Posted:

I will hold for a while and monitor. Whats your view on 1650 in zr 2011? tks

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08-Oct-2009 16:14

GLD USD / Gold going up this year?

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I will hold for a while and monitor. Whats your view on 1650 in zr 2011? tks

richtan ( Date: 08-Oct-2009 12:21) Posted:

Gold expert said 1650 in 2011. Laughing

Gold May Reach $1,650 in 2011, James Sinclair Says

Oct. 7 (Bloomberg) -- Gold may climb to $1,650 an ounce by early 2011 on demand for an alternative to holding dollars and other currencies, said James Sinclair, a commodity investor and the head of Tanzanian Royalty Exploration Corp.

“The carry trade has dropped the dollar as a currency of choice,” Sinclair, the chief executive officer of Surrey, British Columbia-based Tanzanian Royalty, said today in a Bloomberg Radio interview. “Gold is competition to currencies.”

Today, gold futures touched $1,049.70 in New York, reaching a record for a second straight day. The spot price is heading for the ninth annual gain as demand rises for a hedge against inflation and the dollar heads toward a loss for the year. Some investors are buying the metal on concern that ballooning U.S. government debt will drive the dollar lower.

There is an “extreme amount of liquidity that has been injected in the financial system, not just in the U.S., but around the globe,” Sinclair said. The dollar has been undermined by major trading partners suggesting an alternative to the greenback and by China’s attempts to “internationalize” its currency by issuing more debt, Sinclair said.

President Barack Obama has increased marketable U.S. debt to an unprecedented $7.1 trillion as the government borrows to revive growth. Goldman Sachs Group Inc. has predicted that the U.S. will sell about $2.9 trillion of debt in the two years through next September.

Metal Properties

Tanzanian Royalty says on its Web site that it explores for gold and owns property in Tanzania, more than half of which was the subject of development agreements with other companies, including Barrick Gold Corp., in April. Sinclair and his family became Tanzanian Royalty’s biggest shareholders in April 2002, according to a statement from the predecessor companies.

The shares declined 1 cent, or 0.3 percent, to C$3.127 on the Toronto Stock Exchange. The stock is down 40 percent this year.

Sinclair ran his own trading company in the 1970s and achieved renown in 1980 by selling 900,000 ounces of gold at an average price of $810 as the metal was capping a decade-long rally, the New York Times reported in 2006.

Gold futures for December delivery rose $4.90, or 0.5 percent, to $1,044.60 on the Comex division of the New York Mercantile Exchange. Before today, the metal gained 18 percent this year, while the dollar dropped 6.1 percent against a basket of six major currencies.

To contact the reporters on this story: Halia Pavliva in New York at hpavliva@bloomberg.net; Thomas R. Keene in New York at tkeene@bloomberg.net

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08-Oct-2009 16:03

GLD USD / Gold going up this year?

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Is only when ppl interested, price can then move up further. Smiley

ozone2002 ( Date: 08-Oct-2009 13:02) Posted:

when price chiong.. everyone becomes interested..

such is the behaviour of humans..

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08-Oct-2009 11:51

GLD USD / Gold going up this year?

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For those who needs to buy gold as a wedding gift, i think give CASH is better than buying gold.

Why the price of gold is rising

Gold prices have been rising for eight years

The price of gold has hit a new all-time high.

The precious metal reached a record high of $1,048.4 an ounce on Wednesday.

This came a day after having pushed past the previous peak of $1,033.9, which was set in March last year.

WHY HAVE GOLD PRICES REACHED SUCH HIGHS?

There are several factors at play which are leading to demand for gold rising, pushing up the price:

Weakness of the dollar: The greenback is commonly seen as the World's reserve currency. Low interest rates and the US government's massive economic support package have weakened the dollar.

Those who would typically have invested in that currency are looking for other places to put their money where it will, they hope, gain value.

Speculation: A lot of the investment into gold is coming from institutions such as hedge funds - whose money needs to go somewhere.

When banks are offering very low rates of interest on savings - and money can be borrowed extremely cheaply - gold becomes attractive, observers say.

Inflation risk: Gold is seen as a hedge against inflation. Right now, inflation is pretty low, but mounting worries about potential inflation in 2010 may be enticing more investors to the precious metal.

Psychological: Gold has a "primeval" quality argues Adrian Ash of UK online gold exchange, BullionVault.com (which makes money by encouraging people to buy into gold).

He says that while it is essentially a "lump of metal with little purpose", gold tends to hold its value over the long term and is not anchored to the value of cash.

This means that people are drawn to it in uncertain times, Mr Ash adds, though he cautions the price can be volatile.

Seasonal: In Western cultures, individuals buying into gold as an investment remains relatively rare. It is not the kind of advice you are likely to get from a financial adviser, for example.

However, in countries such as China and India, buying gold as in investment is more common. And at this time of year, in the run-up to the Diwali festival, there is a seasonal increase in gold purchases because the metal is traditionally given as a gift.

Indian farmers are also big gold customers at this time of year - seeing it as a way of keep their profits safe after harvest - free from threat of currency fluctuations.

DOES THE PRICE OF GOLD REALLY MATTER?

The reality for most people is that their main contact with Gold is when Spandau Ballet gets played on the radio.

Arguably its biggest role is as a sentiment barometer. A high gold price is an indicator that all is not well with the global economy.

It could be bad news if you are looking for an engagement ring or another piece of jewellery. Higher prices are likely to be passed on to shoppers.

On the other hand, it could be good news if you have gold that you no longer want and could do with making some money.

The rising price has seen an explosion in "scrap gold dealing" - where High Street shops and postal companies will offer to turn the gold into cash.

dia is also a countrz

ozone2002 ( Date: 08-Oct-2009 11:15) Posted:

Gold ..the only way is up!

ozone2002 ( Date: 07-Oct-2009 14:19) Posted:

$1,040.. accumulate gold!

dewali coming,xmas coming, CNY coming..festive season coming

inflation coming..

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08-Oct-2009 11:33

GLD USD / Gold going up this year?

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CW, noted your reply n effort. Tks. I bought when it was 88. I think Got potential go up past 1500 , though some pull back along the way.

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07-Oct-2009 14:15

Others / GOLD price cheong !!

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Its a scary piece of news!

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07-Oct-2009 13:39

Midas / Midas

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Midas 　有　性　格！

richtan ( Date: 07-Oct-2009 11:30) Posted:

Hi Benny,

I read this posting in CNA forum, copy n paste here just for sharing:

sessam

Joined: 31 Aug 2006
Posts: 3042

Posted: Tue Oct 06, 2009 5:34 pm Post subject:

Midas do not respond to good or bad news like others. It is a long term big fund stock not for short term trading. Go to her past movements she may go down after anouncements of contracts, but also note Midas has a characteristic of being depressed under accumulations and suddenly running up 5% to10% unexpectedly. This is a growth counter not for the gambling, see it as serious investment. If you had dared to buy Midas in Mar 09 you would have more than doubled even at the depressed price now. If Midas is now $2 with a bigger float she will attract the like of Warren Buffett.

bennykusman ( Date: 07-Oct-2009 11:25) Posted:

im just wondering why midas slowly go up, not like ausgroup...

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07-Oct-2009 11:58

Others / GOLD price cheong !!

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US$ exchange rate yesterday was around S$1 = US$1.39 and compared to 2 plus yrs ago 1.75...

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07-Oct-2009 11:51

Others / GOLD price cheong !!

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Dominance of US$ to trade the oil will be coming to an end............ Better re-look at how to dispose of US$ that are still at hand , perhaps, buy more GOLD.

Today, Fisk writes: "Saudi bankers are well aware that in nine years' time - - the current timeframe for a transition away from the dollar in oil trading to Japanese and Chinese currencies, the euro, gold and a possible new Gulf currency - - China will have doubled its national income to $10trn (assuming a growth rate of 7 per cent), at which point the US might hold no more than 20 per cent of the world's gross income.

Such massive financial movements, encouraged by the de-dollarisation of oil, will have enormous political effects in the Middle East, especially if economic superpower rivalry between America and China comes to dominate the Arab world. Will American economic support for Israel remain as loyal in nine years' time if China and the Arabs are setting the pace in global financial markets?"

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07-Oct-2009 11:25

SMRT / SMRT

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$1.38? Wow, tks short sellers for shorting this down to this price. :)

Hulumas ( Date: 05-Oct-2009 12:47) Posted:

Sgd. 1.38 could be possible.

Jackpot2010 ( Date: 04-Oct-2009 17:20) Posted:

SMRT is a defensive stock - not favoured during a bull run. From Mar low to-date it is still trading at about the same price with small gain. But I notice there are now so many retail shops around MRT stations. This rental income is pure profit to SMRT 'cos the space is already there for free & could drive its earnings up significantly in coming reports.

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07-Oct-2009 09:00

Li Heng Chem / Li HENG

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So, anyone can just buy this stock when halt is lifted and later sell back to company or it is only for existing shareholders only? Tks

CWQuah ( Date: 30-Sep-2009 23:03) Posted:

Just finished reading the announcement for Li Heng. I offer my simpler summary as follows (pls correct my interpretation if it proves to be wrong).

Essentially, existing Li Heng shareholders will be given an amount of shares equal to their holding, at a date to be determined later. These new shares ("Newco shares") are proposed for listing on the Hongkong Stock exchange (SEHK), and hold a nominal value of S$0.42.

The Li Heng shares on SGX will still remain tradable, but will be adjusted to reflect the transfer of assets to the Newco should the Newco shares receive approval for listing on SEHK. For existing investors that do not wish to trade the Newco shares on SEHK, they have the option to sell it back to the company at S$0.42.

In short,

Current Li Heng share value on SGX = Future value of SGX-listed Li Heng shares + Newco share value on SEHK (supported at S$0.42)

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06-Oct-2009 12:17

SMRT / SMRT

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Those who long, wish it go up and those who short, wish it go down... LOL

Am waiting for it to be shorted down (if any)), then i enter.

Prospect of MRT network --

In another 20 - 30 years time, more lines (major lines/circle lines or sub-circle lines etc) will be added to existing MRT network. Bullet trains will be in sight to link the south/east/north/west of singapore. Most SBS buses will be taken out of the roads, probably only left with feeder buses left to service routes / roads that are not reacheable by the 'train lines'..

nickyng ( Date: 05-Oct-2009 16:34) Posted:

imagine that u hv to run circle line for losses daily.....how's that for running a few years? haa! :P

Jackpot2010 ( Date: 04-Oct-2009 17:20) Posted:

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06-Oct-2009 09:40

Others / DOW

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DOW gone up 112 points, but, still cant break above the 9600 resistance........

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06-Oct-2009 09:31

Others / Market News that affect STI

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I think is Friday.

Blastoff ( Date: 06-Oct-2009 09:30) Posted:

Anyone knows when Shanghai will resume trading?

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05-Oct-2009 14:01

Midas / Midas

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where can you find 'bad rating' on one's post? tks

bennykusman ( Date: 05-Oct-2009 12:56) Posted:

wah.. posting like this kena bad ratings ? haha... i just dont get it with the person who bad rating me...

is it wrong to enter at 0.75 ?

bennykusman ( Date: 05-Oct-2009 12:21) Posted:

mee too.. i think 0.75 is a good price to enter

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05-Oct-2009 11:52

Li Heng Chem / Li HENG

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will breach 0.28?

niuyear ( Date: 01-Oct-2009 11:40) Posted:

Some companies holding back listing in hong kong due to market uncertainty, yet, china companies are going forward to do dual listing...wait and see can they perform after lising in hongkong.

previous ocbc target price for this is 0.28. If is shorted down to this price, everyone can buy cheap and sell back to the company at 0.42...

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05-Oct-2009 09:35

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

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If gold trend down to 950, then i think can accumulate.....:)

DnApeh ( Date: 03-Oct-2009 10:36) Posted:

Hi. May i ask why do you say DJ and SP500 is beginning "wave 3 down", instead of "wave C down"? Thanks.

boyikao3 ( Date: 03-Oct-2009 10:20) Posted:

Next week forecast (US) : DJIA and SP500 and Nasdaq have all confirmed one another's beginning of wave 3 down. DJIA and SP should spot a rebound early in the week (This may or may not happen) but will quickly resume its minute wave 3 down to about 9250. and Sp to aroud 920. From there, wave 1 down should be complete followed by a larger wave 2 rebound. US$ continues it rally and should spot a wave 3 up next week. Gold runs opposite and should break down past 950 at least. Nasdaq should rebound next week to complete a wave 2 so its synchrony is slightly dfferent from the other 2 indices. Smiley

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05-Oct-2009 09:32

Midas / Midas

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Thanks richtan for posting faithfully the analysis.

China has been improving its Rail infrastructure network. As for singapore, our MRT network still half completed but in

years to come, there will be more 'lines' added to the existing network. Bythen,I think, SBS buses will be taken out of the route

except some feeder buses to serve some remoute routes. We probably will see more fast speed 'bullet trains' and travelling from

1 end to the other perhaps need only half hour?

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02-Oct-2009 17:02

Midas / Midas

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I love charts! Uptrend chart...

bennykusman ( Date: 02-Oct-2009 15:24) Posted:

RIChtan,

actually lots of ppl support u.. coz u put graph in your post..

others: please if you want to comment, give some info/graph so it doestn sound like empty vessels..

keep it up richtan!

richtan ( Date: 02-Oct-2009 14:42) Posted:

Hi Titan888,

U are most welcome, it is my sincere pleasure to care and share with substance and not making those empty vessels noises, though my chart analysis might at times be right or wrong thus, I always mentioned dyodd n BOSAYOR n need to set stop-loss.

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02-Oct-2009 16:53

GLD USD / Gold going up this year?

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Below Extract for CheongWee 'zie zie' to comment. Tks. :)

Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.

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