Congrates!  I only left with this counter and 1 other stock to monitor..... Gold cld perform better than stock at this moment....keep monitoring, Cheers!    :)

Gold looks set to soar --------

Banks Tell Traders To Keep Attacking The Dollar

Vince Veneziani|Oct. 19, 2009, 1:55 PM | 1,239 |2

It's no wonder the Dollar keeps taking a beating: Traders at banks are being told to keep hammering away at the poor greenback.

An internal RBS memo tells traders in no uncertain terms to:

Stay with the established themes of 1) USD weakness and 2) carry/trends trump valuations. One place to oppose this is GBP.

In part, their bet is to be on the same side as emerging market governemtns, such as those in Latin America:

Expectations of a relatively strong economic recovery and USD weakness should increase pressure on the region's Governments to intervene to stem FX appreciation.

These internal messages echo what banks are saying outwardly. Erik Davidson, senior managing director at Wells Fargo's Private Bank, tells Forbes that investing with US Dollars is "a strategy for losing money safely." Between the declining dollar and falling Treasury yields, the idea is no longer to invest in "what's good" but rather, "what's less bad."

What's This?

x

Gold should be valued at around S$40 per gram now

Remove a tile from your own house then bury those gold bar underneath it. I think colour of gold will not get tarnished cos it is gold....  hahaha

I only buy this counter and not holding physical gold (not rich to buy gold bar, LOL).

Cheongwee,

I think you have not sold all your gold investments huh?

Gold Giving Another Strong Buying Signal

by Claus Vogt   10-14-09

In my September 9 Money and Markets column I showed you this gold chart:

Source: www.decisionpoint.com

On that date, I said, “This breakout of a huge triangle is a clear technical buying signal.” I added that the minimum price target of this triangle formation was roughly $1,100. This was well above major resistance in the $1,000 area, thus hinting that another major breakout and buying signal would take place soon.

Well, that’s exactly what happened last week!

Gold Hit 1,059 …
Triggering Another Major Buy Signal

Take a look at the weekly chart below. It gives you a good perspective of how important this breakout to new high ground actually is. As you can see, it signals the end of a medium-term correction that began in March 2008 and the beginning of the next medium-term up trend of a secular bull market that started in 2001.

Source: www.decisionpoint.com

The minimum price target of this huge consolidation pattern is $1,300. And I believe much larger gains are certainly possible.

Also consider this: Four weeks ago the Hulbert Gold Newsletter Sentiment Index (HGNSI) stood at 25.2 percent. Now, four weeks later and gold nearly $100 higher, the HGNSI has actually fallen to as low as 18 percent! A rising market accompanied by a declining number of bulls is a rare development. And it’s clearly bullish.

Longer Term Fundamentals
For Gold Are Very Bullish, Too

There are many fundamental reasons to own gold.

• As a consequence of the current financial and economic crisis, government debt is going through the roof — not just in the U.S., but all over the world.
  
   
• Worldwide central banks are printing money like there is no tomorrow.
  
   
• Gold demand is rising due to wealth creation in emerging economies where gold still plays a large role as a store of value.
  
   
• Gold demand is even rising in the West as more investors doubt the wisdom of central banks and governments.
  
   
• Gold supply is stagnating or even slightly shrinking — despite the metal’s price rise since 2001. This is because it’s getting ever more difficult and expensive to get gold out of the earth.
  
   
• Finally, central bankers who were eager to sell government gold at much lower prices a few years ago, are getting increasingly reluctant to keep doing so. Emerging market central banks are even buying.

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

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. 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