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So Gold hits USD.2,600 and not 26,000.-? How long should we hold?
cheongwee ( Date: 17-Mar-2009 20:00) Posted:
300..it is definitely a wish...but that will come after gold hit 2600..
I suggest you wait for US$50...like Peter Schiff said..after the gold bull burst...if you buy at 300 is still expensive...now 900 is still dirt cheap...depending where you are...in 2009...no hope...maybe 2014...then you got wait another 20 years for the next cycle up...it is possible...but if we got only time to out live the next gold bull... |
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So I am sideline at this moment.
cheongwee ( Date: 17-Mar-2009 18:59) Posted:
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I think u are the one who are not sure..i am sorry..if the govt have bought gold the px should be up..why the px move down...if China will to shift to gold instead of worthless US treasury bill,, they would have make handsome profit..
In fact, there was a report that one of the top economic advise the chinese sovereign fund to buy gold..really,,i ever read,
BTW..i am buying still...i bought gold since 2000...my ave px is current 420..but have shift a larger part to silver.
You better buy some, i see the stock market got further to go down... ..i suggest u wait during the gold correction to 880 to buy...i dont know whether we will see that px..but it is possible and even to 850..but not lower than that..why?
In the lastest report of UOB asset management report...i read that is take 730 to produce 1 oz of gold..so if this is true ..then i think 800 is the lowest...otherwise miner will stop..because it is not more profitable..
Anyway, i have a post suggesting to punt on citi and the like...did u buy..I have take some handsome profit..this is the time to punt not long...
I dont like the past, nor the future...i like current...only now can we do something...the future we may not be around the past is just history..market only rythm the history..will never repeat exactly the past..
You will regret when you see gold soar...even if by some miracle the market recover, but with so much paper $, can only give raise to inflation..that will also make gold soar..
Better scenario. would be more bankruptcy of big fishes on the DOW..now gold is very stable at 900 region is telling you something about the market ...you better buy gold and silver...even if you dont..gold will never go down to 400..
It will only go to 400 when the gold bull burst, but that will be many year from now,,by that time i will shout sell..
i like to siuggest to you to buy citi, AIG, BAC...i see the sucker rally take them even higher..and gold, p..be more ambitious buy silver..SLV..SLW...silver will run the fastest as the gold bull gallop along...
Buy now...
Hulumas ( Date: 17-Mar-2009 17:59) Posted:
| Are you really sure, if all the Sgd. 58 billions placing into Gold in year 2000, do you think the Gold price will be USD 935 as what you mentioned? Why don't you think the price will probably moved down instead below USD.255??? Citi moved up to more than USD. 100??? I tell you no one can tell the future! Telling past with 100% accuracy is very very eassy, every one can easily do that. Is not it |
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Is it a trap?
freeme ( Date: 16-Mar-2009 22:42) Posted:
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If only the price back to below USD.300 I may consider. I sold the Gold for >300% profit enough is enough man.
cheongwee ( Date: 16-Mar-2009 22:00) Posted:
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Congratulations. 'll sell mine soon too.
freeme ( Date: 16-Mar-2009 16:44) Posted:
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Are you really sure, if all the Sgd. 58 billions placing into Gold in year 2000, do you think the Gold price will be USD 935 as what you mentioned? Why don't you think the price will probably moved down instead below USD.255??? Citi moved up to more than USD. 100??? I tell you no one can tell the future! Telling past with 100% accuracy is very very eassy, every one can easily do that. Is not it?
cheongwee ( Date: 02-Mar-2009 00:48) Posted:
Something to share.... PM interview at Hua Hin, Thailand...
Qn : re GIC/Citigrp : What's the impact for GIC
PM : No, I'm not discussing GIC today, this issue has been addressed from time to time in Parl; i think recently Mrs Lim Hwee Hua answered qns in Parl from Sylvia Lim n others... n i dont hv an update. The position we have taken, and it's the correct attitude, is that this is long term money invested with a LT perspective, n u hv to take ups and downs, n u hv to look at the overall portfolio, and overall, we've performed well. In a bad year, like last yr, this yr, we probably will see shrinkage, but u hv to take a LT perspective, bcos if u jump up and down and u want to break even or make money every quarter, i think u will not be able to have a sensible policy or a sensible outcome. You will end up not protecting your value, and it will be like buying gold which will do nothing, or putting your money in a safe deposit box, which also will do nothing, and we cannot do that.
What ??gold do NOTHING???or did he read anything abt gold??...if they have join me and buy gold back...in 2000 at 255...today we will be the only SWF on this planet doing very well...gold today is 935..266%...instead of losing billions in citi...
What can i say...he prefer to put $ in a lousy stock...$58b...that is $16100 for every one of the 3.6 millions pepole in Singapore.!!! |
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It is worth taking your advice.
CWQuah ( Date: 17-Mar-2009 15:37) Posted:
Caution. If STI cannot close above 1601 today, odds are tomorrow even more selling pressure will kick in.
Pls trade carefully.
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Is it wise doing that?
ozone2002 ( Date: 17-Mar-2009 13:17) Posted:
| below $8 i borrow $1 million dollars from UOB and buy UOB shares.. |
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I bet, it will reach Sgd. 0.07 in no time presumably
jackjames ( Date: 17-Mar-2009 17:30) Posted:
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If only I knew what had had happened to the market movement, certainly I sold all my shares without delay to preserved my capital. Ha. ha.. ha...
derricktan ( Date: 15-Mar-2009 21:36) Posted:
Our great Mr. Warrent Buffet also buy and sell. it is a myth that he dont sell any stocks. In his last shareholders' meeting last month, he actually sell 50% of Johnson & Johnson and some other stocks and added some. He mentioned he make some dumbiest decisions in 2008 inclduding predicting that Conoco Philips (COP) will move up north ( in fact with my TA and charts, it was a damn good candidate for shorting in Jan with a entry price of about 46plus..friday closed was 36.51). And in fact there were so many similar candidates in January that make you huge bucks than holding on to paper loss that tight up your capitals.
Also remember Warrent Buffet is in a different league from us so he might be getting a lots of better deal than normal retail traders. He can "paper loss" for 20 blns and still got blns.
As i always say..know your game...(so know your style)..know your plan. The Market shows no mercy for ego. |
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It is still in downtrend movement, if only I could buy at below Sgd.1.00, I 'll start buying.
teeth53 ( Date: 17-Mar-2009 13:21) Posted:
| Caltex just started a retail pump war with 92 octane at 2.2 cents cheaper then norm |
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Bad. Worse.. Worst... US Government trying its best to transfer indirectly baillingout process from Government to global private sectors especially from substantial related share holders or existing share holders. Just my two cents view!
maxcty ( Date: 13-Mar-2009 10:39) Posted:
what are your views for Citi and BOA now??worth going in at this time? |
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Avoid all banks yes. But avoid PRC stocks no.
787180 ( Date: 12-Mar-2009 18:35) Posted:
| Avoid all banks and PRC stocks |
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It depends on how many total issue shares? How about >1 trillion share, it is still consider big market capitalisation and the price is still justified! Ha. ha... ha... Someday. a lot of listed American Bank could be on this way, we never knows? Hopefully not!!!
AnthonyTan ( Date: 13-Mar-2009 13:04) Posted:
| drpennystock.com - very interesting indeed.Are these bankrupt co. notice one co. 0.0006 |
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Chinese from Indonesia.
cheongwee ( Date: 13-Mar-2009 02:08) Posted:
..awak se orang Melayu???...
Hulumas ( Date: 12-Mar-2009 13:11) Posted:
| Apa salahnya, makin murah makin manyala! Bukannya begitukah |
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Yes yes yes.
jonahach ( Date: 13-Mar-2009 08:37) Posted:
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Westerns believe and not easterns believe I suppose!
singaporegal ( Date: 13-Mar-2009 15:07) Posted:
Anybody notice that today is Friday the 13th?
But it turns out to be a good Friday the 13th. :) |
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Farming trading mind set to Singapore public is severely dangerous!!!
tanglinboy ( Date: 13-Mar-2009 09:45) Posted:
Saw newspapers today that 49 ex-students of Freely sued and got their money back.
Is this the start of the end of over-priced investment training industry in Singapore? |
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I get it... Wakarimashita... asoooooneeeee...
iPunter ( Date: 12-Mar-2009 18:01) Posted:
Hulumas... :)
No, far from it... there are many real investors who don't lose money too...
Like when a long-term player (I will never call them investors) sells after a great profit,
Now that's what I call investing!
On the other hand, long-term investors often want to make more and more and more...
Thus, they always lose and lose and lose (by holding on to the fundamentals through every market cycle).... 
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Always positive thinking. Good!
smartrader ( Date: 10-Mar-2009 21:00) Posted:
| Better for Merlion to continue to take the hit from the lightning than to divert it to strike any visitor nearby. This is called self-sacrifice - the spirit of Merlion or Singaporeans...anyway remember to buy 2103 or 2821 |
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