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2011

By Geoffrey VarnerJune 30, 2011

GOLD CLOSES THE QUARTER ON A HIGH NOTE – Although these past few days have seen the metal retreat, for the quarter gold gained 4.4%. In fact, gold gained 3.1% more than it did in the first quarter of the year. So far this year, gold has been supported by geopolitical fears caused by uprising in North African and Middle Eastern countries, the natural disaster in Japan and the nuclear crisis that ensued and now the ongoing story in Greece.

The next big stories to watch, as we move into the third quarter, will be the decision about the debt ceiling and what options the Fed has to stimulate the economy now that QE2 is over. The debt ceiling decision will soon reach its critical point, that fact is highlighted by the U.S. Senate’s decision to cancel its July 4th recess. They will pick up the topic again next Tuesday. For now, it seems as if Federal Reserve Chairman Bernanke is content to wait to see what is coming in the next few weeks. Between the debt ceiling decision and the ending of QE2 the Fed will have few tools left with which to guide the economy.

At 4:15 PM (CDT) the APMEX precious metals spot prices were:

Gold – $1501.80 (down $9.60)
Silver – $34.78 (down $0.05)

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==

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02-Jul-2011 16:20

SingTel / Singtel Bullish???

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x 0

I hold some already.

niuyear ( Date: 30-Jun-2011 17:39) Posted:

good div. worth vesting.

freeman_5js ( Date: 29-Jun-2011 23:16) Posted:

nice dividend price going to climb

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02-Jul-2011 16:18

Singapore eDev / CCM will chiong!

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x 0

Noted, thank you.

bigmoney ( Date: 01-Jul-2011 15:55) Posted:

it's not rumors...have been monitoring this shares for quite some time...lowest went down to 0.09 and until today it went up high to 0.23...construction industry will be moving up because there will be more and more projects on hdb coming up as well as for industrial...yesterday, ccm was one of the top 20 volume shares..

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02-Jul-2011 13:45

SunVic Chemical / Sunvic - Cheap valuations, record year but...

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Price level?

Tropical ( Date: 01-Jul-2011 14:28) Posted:

Sunvic is hovering the same price. What's going on? Other counters seemed to go up.

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02-Jul-2011 13:44

BreadTalk / BREADTALK GROUP LIMITED

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I have not bought it yet.

New123 ( Date: 01-Jul-2011 13:58) Posted:

What is the next resistance price level?

Hulumas ( Date: 01-Jul-2011 13:51) Posted:

I read through, thank you

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02-Jul-2011 13:43

Wee Hur / Wee Hur

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Profit taking?

bryancbq ( Date: 01-Jul-2011 13:03) Posted:

haha. but yesterday already risen alot right? from 0.255 i think.

chinton86 ( Date: 01-Jul-2011 11:41) Posted:

walao.... up 3 cents only also ganna query...

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02-Jul-2011 13:41

PSL / PSL HOLDINGS LTD

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guess?

s100125 ( Date: 01-Jul-2011 12:23) Posted:

CIMB Research said in a June report that PSL’s venture into coal mining would likely lead to a new stream of earnings, but as the venture is still in the early stage, it is difficult to value the new business.

Nevertheless, CIMB said that construction stocks trade at an average of six times historical price-earnings ratio, while coal miners command an average of 25 times.

“Assuming that this is the potential range (6x-25x) of trading multiple for PSL, its fair value should range between $0.09 and $0.375,” CIMB said.

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02-Jul-2011 13:37

Genting Sing / GenSp starts to move up again

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Becaus you stop buying!.

machineoperator ( Date: 30-Jun-2011 16:40) Posted:

Any idea why for such a bull run day and this counter is not moving at all?

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02-Jul-2011 11:38

China Jishan / Jishan

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Be ready with yourself getting letter from my lawyer!

warrenbegger ( Date: 24-Mar-2011 14:50) Posted:

Hulumas where r u??? Your cute cute Changi Jishan going to get Suspended soon!!! I very worry for u now.

Who found Hulumas pls contact SPCA now, she need help.

From, Your underground gentle begger

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02-Jul-2011 11:34

China Sky Chem / A case of sell on news

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Check the price today, is not that some paper gain already, I will buy up and hold till the price reaching > Sgd. 0.20. CAVEAT EMPTOR!

Hulumas ( Date: 18-Jun-2011 12:42) Posted:

There is no reason not to buy China Sky at this price level Sgd. 0.15 or Sgd. 0.12, unless you run out of money!

bryancbq ( Date: 21-May-2011 00:53) Posted:

all of us small fish. must help each other ma. If not always kana eaten by the big fishes. rich get richer. how can?! haha

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02-Jul-2011 11:05

Others / Aug 2, US-living on borrow time from debt disaster

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Knee Jerk effect only, will not be so serious within three days on the end of July 2011. Not too worry, about it, in fact is the best buying or bargain hunting opportunities during that few days period of time! Be ready to do that!

tanglinboy ( Date: 25-Jun-2011 09:22) Posted:

US is on its way down again

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02-Jul-2011 10:57

Others / Dividend Stock

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I hold this stock for mid term.

TradeChancellor ( Date: 02-Jul-2011 10:15) Posted:

UOB-Kayhian has got quite good dividends too usually ~5% if i remember correctly...

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02-Jul-2011 10:56

Others / Dividend Stock

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I hold this stock for long term.

catalyst ( Date: 02-Jul-2011 09:46) Posted:

Starhub, no question about it.

Anyhow buy now also > 7% dividend yield.

Just go in at a good price (currently can look at 2.70 support) and sit back to take dividend 4 times a year.

More stable than Chinese Ginseng.

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02-Jul-2011 10:46

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

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Be an INVESTOR rather than a TRADER/SPECULATOR/SHORTER started from July 2011 and so on, for the changing of recent SGX capital market transaction mechanism system!

TradeChancellor ( Date: 02-Jul-2011 10:07) Posted:

this is so typical of the regulatory body favoring the rich such as BBs as they can gain quite good profits even with a small increment... but small time trade retailers need the bigger jump to cover commission and intersts if on margin or CFD.....

timqoo ( Date: 02-Jul-2011 09:50) Posted:

it also affect those $10 and above. new bid size is 0.01 instead of 0.02.

Also, " To cater to the narrowing of the bid sizes, SGX will widen the Forced Order Range for all securities to +/- 20 bids from +/- 10 bids across all price ranges."

the full changes is in the following announcement.

SGX reduces bid size, cuts trading cost

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01-Jul-2011 23:48

Others / Dividend Stock

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Me too on Monday!

Kensonic77 ( Date: 01-Jul-2011 09:18) Posted:

Wow! Better than fixed deposit huh...

I will buy some for a start...

Hulumas ( Date: 01-Jul-2011 08:54) Posted:

CHINA JISHAN, 2010 final dividend Sgd. 0.0065/unit share or Sgd. 6.50/lot share. at price Sgd. 0.06, the yield is 10.8333%

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01-Jul-2011 23:45

China Jishan / Worth buying as the core holding right now!!!

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Expecting any interim or special dividend on the second quarter!

yummygd ( Date: 08-Mar-2011 21:15) Posted:

when is e book closure date for jishan for dividend?

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01-Jul-2011 23:42

User Research/Opinions / SGX - change in minimum bid size, good or bad?

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No more short please since I keep full force buying especially towards S-chip.

xing78 ( Date: 01-Jul-2011 12:50) Posted:

If use CFD account to short those penny stocks (below $0.10) on 4-July, is there any changes to the margin call rate?

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01-Jul-2011 22:47

Others / Are we in Bull or Bullshit market ?

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x 0

STI will be > 4,000 !

chinton86 ( Date: 01-Jul-2011 22:32) Posted:

BULL Mkt definitely. Bull mkt always follows after a high percentage(> 40%) of short selling activity.

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