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Manikamaniko.
Master |
19-Sep-2007 22:01
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Ya... the uptrend should be confirmed by now...
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singaporegal
Supreme |
19-Sep-2007 21:36
Yells: "Female TA nut" |
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A good sign! Dow opens positive. | |
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teresa
Senior |
19-Sep-2007 16:02
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snappers, welcome...for long term gold, i vested in the perth mint just this year, of course,now go up..but i still hanging till 4 figures....my bell and coins which i ordered online came in this morning...will put up tomorrow and see if it works...wl let u know the effects....tks for advice | |
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moneymaking
Member |
19-Sep-2007 15:44
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Hi Is this GLD 10 US$ quoted in SGX worth buying ? Seems to me this is the easiest way to gain exposure to gold. Anyone care to comment ? |
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Snappers
Senior |
19-Sep-2007 15:38
Yells: "Buy when there is Fear, Sell when there is Greed" |
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teresa, thanks for the info. will call him to get further details. | |
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teresa
Senior |
19-Sep-2007 15:07
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snappers, since you got account with poems, call William Kwan 65315422. He is the gold broker..nice chap, gives you advice on perth gold, future mini gold, london spot gold...i've got account with him... | |
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Snappers
Senior |
19-Sep-2007 14:58
Yells: "Buy when there is Fear, Sell when there is Greed" |
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dear experts, i'm thinking of investing in gold but not sure how to do it. i have an account with poems. got confused in reading on how to trade in gold prices. i'm very green to this gold and shares thingy cos i juz started. any kind souls to enlighten me? thanks in advance. | |
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cheongwee
Elite |
19-Sep-2007 12:59
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Gold powers higher after Fed rate cut The COMEX December gold futures contract ended the regular session off 10 cents Tuesday at $723.70, but rallied to a $735.50 high in afterhours trading following the Fed announcement. September 18 excerpts: (from MarketWatch & Reuters) ? Gold futures rallied past $735 an ounce in electronic trading late Tuesday to touch their highest level since 1980 following the Federal Reserve?s decision to cut the benchmark federal funds rate for the first time in more than four years. ?Following the Fed announcement, December gold moved through resistance at $730 and is now poised to extend its rally toward $790,? said Darin Newsom, a senior analyst at DTN. The Federal Open Market Committee cut its benchmark federal funds rate by a half percentage point to 4.75% Tuesday, citing turmoil in financial markets as a threat to economic growth. After the Fed announcement, U.S. stocks rallied almost 3 percent, while the dollar dropped 50 basis points and set a new record low against the euro. U.S. crude also jumped to a new record high in electronic trading. Lower interest rates tend to make the dollar less attractive and often boost gold?s appeal as an alternative investment. ?The 50 basis-point cut by the Federal Reserve affirms their strategy of sacrificing the U.S. dollar to keep the liquidity in the system alive,? said Peter Spina, an analyst at GoldSeek.com. In the coming weeks and months, ?$800-plus gold is headed our way,? he said. ?Gold will continue to see a huge influx of investment demand.? Ned Schmidt, editor of the Value View Gold Report, said he considers gold as ?seriously overbought? ? but whatever the Fed does is ?good for gold investors.? If rates are cut, it?ll confirm monetary will at the Fed and assure a new high for gold by year end, he said. And if rates are left unchanged, the ?housing and mortgage debacle will continue to dominate financial markets,? he said. ?Gold is the only safe haven in such an environment.? Given all that, Schmidt said $1,400-plus gold prices are ?no longer a dream, but a reasonable expectation.? $1400...why are we still waiting???..go for it... go for GOLD!!! |
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jackjames
Elite |
19-Sep-2007 06:55
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ha ha.. buy any counter also can earn money la... common sense, contra day ! first candidate, our poor DBS... ! contra it... ha ha... 5 lots? |
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tl_pang
Member |
19-Sep-2007 06:42
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cheongwee
Elite |
19-Sep-2007 05:11
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Today will be a fanstastic day for stock....cheongggggggggg!!! Good morning....everybody...time to unload and make $$$ for a moment...thks to Big Ben..for the gold px...and the stock rally...buy no thank for recession.. http://www.bloomberg.com/apps/news?pid=20601012&sid=aPUFfDsoBB7w&refer=commodities |
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cheongwee
Elite |
19-Sep-2007 04:57
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Look Gold already touch previous high of $725...next $1000...buy..dont wait..i want to share with u the joy...if come next year a recession really materialise u will see a 4 figure px...of al least $1500..u going to thk me for this..and even if i am wrong...i believe the px will not be that disappointing and the best part is u got nothing to lose...your gold still keep shining ...if prediction come true..so Trust me...i would have make million on both side of the Atlantic ocean..so long the Sing $ stay abv 1.4...and gold px hit $1000.....wish me luck...and also to you as well.. |
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cheongwee
Elite |
19-Sep-2007 04:48
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Look... this what happen to the dollar index immediately after the announment of rate cut.. http://quotes.ino.com/chart/?s=NYBOT_DX&v=s&w=1&t=l&a=2 nose dive immediate within the min of announce..if it go down 78.3...there will be no bottom...very very dangerous for stock also...dont even think that we are going on a sups bull again... It is a trading market...take care. |
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cheongwee
Elite |
19-Sep-2007 04:34
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With a weak dollar...commodities px will soar becos they are px in dollars...ppl will demand more with a weak dollars..oil will be $100..part demand and part due to weak dollar... $100 oil is not good for stock...but may not happen within the next 3 month..but 6 month should materialise...trade carefully....sell slowly to rally..if u speculate..buy energy and oil relate stock.. Buy also gold stock for trade..and physical gold for investment and protection...still predict a px of $2600 come 2009..like most expert forcast...good luck...hope for soft landing for US.. |
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cheongwee
Elite |
19-Sep-2007 04:23
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Finally,we have arrived...0.5% is correct..so will be the px of gold $1000..and oil $100...stock will rally for a moment...so everybody think it is ok now... Those American are smart,by reducing rate they are indirectly reducing their debt with a weak dollars...but do u think China are idiot to see their saving depreciate with the weak dollar...if u will China what will u do???stand and do nothing to see your saving slowly going down..China have their unemployment to take care of..but they will slowly diversifies into gold and other resources..and other market...i believe with their large US$ reserve,they can achieve their political objective what they cannot achieve militarily.. What are the scenario,henceforth???Today onward,we must invest with an eye on the US$...if it break 78.3...fr current 79.7XX..then there will be no bottom....but one thing i am 75% sure...gold going to near $1000 and a $1000 oil within the next 3 months... The next tsunami will be the DOLLAR CRISIS and DOUBLE DIGIT INFLATION... And I still think a recession is still on...at 50 % chance...buy |
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cheongwee
Elite |
18-Sep-2007 23:12
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I think helicopter Ben will reduce rate by 0.5% at the expense of the dollars...this is what are are famous for...if 0.25%..it will not somuch be effective.. Buy stock ...but sell to rally...got a feeling it will be worst come next year...buy GOLD. The dollar will tank...foreigner will sell govt bond and T-bill..weak dollar will no doubt increase export for US but it will also cause more to import good...anyway thier manufacturing have gone more or less to other countries....American consumer will be hard hit..remember US economy is 2/3 depend on consumer.... China no longer so much depend on US for their export...their next two big customer are Japan and South Korea.... All above are good for gold...look gold is soaring so is oil...i think we see a $100 oil soon and $1000 gold...if US attack Iran... I have reason to believe this warring Bush is going to attack Iran soon.. BUY GOLD!!! |
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idesa168
Elite |
18-Sep-2007 22:07
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Washington & New York same time. | |
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paperless
Senior |
18-Sep-2007 21:53
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2:15pm ET | |
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idesa168
Elite |
18-Sep-2007 21:52
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Announcement at 2.15pm USA, I guess New York. That will be 12 hours different from SG, 2.15am...we sound asleep, dun wait, see news tomolo | |
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tanglinboy
Elite |
18-Sep-2007 21:44
Yells: "hello!" |
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What time is the announcement? | |
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