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tanglinboy
Elite

18-Sep-2007 18:39

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Everybody is doing wait and see...

Wall Street awaits word from Fed

Investors skittish ahead of interest rate decision; Lehman Brothers kicks off bank earnings.

September 18 2007: 5:27 AM EDT

LONDON (CNNMoney.com) -- Stocks appeared poised for a weak opening Tuesday ahead of the Federal Reserve's eagerly anticipated policy meeting.

U.S. stock futures were pointing to a lower start for Wall Street on a day that is expected to be a key test for the Fed, which is due to release its policy statement at 2:15 p.m. ET.

Investors expect the Fed to lower its benchmark short-term interest rate at today's meeting after more than a year without change, but the central bank could disappoint investors if it doesn't cut rates by as much as they hope.

A quarter-percentage point cut is all but expected, but investors have also been nursing hopes that the Fed will take the federal funds rate down to as low as 4.75 percent, from the current 5.25 percent.

The Fed decision isn't the only market-moving event of the day. Wall Street firm Lehman Brothers (Charts, Fortune 500) is set to post third-quarter results before the market open. It is the first major bank to report earnings since the subprime meltdown and credit crisis hit global financial markets.

Discount brokerage E-Trade (Charts) is the latest company to be hit by the turmoil. The company on Monday cut its full-year profit outlook, saying a tightening in the credit markets was forcing it to exit its wholesale mortgage business.

In global trade, stocks in Asia fell, while major markets in Europe rose in early trading.

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Pinnacle
Master

18-Sep-2007 08:55

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Manufacturing activity in New York State factories slowed more than expected in September as new orders and shipments slid, the New York Federal Reserve said on Monday. The New York Fed's 'Empire State' general business conditions index dropped to 14.70 in September from 25.06 in August. Economists polled by Reuters had expected a reading of 18.00 for September. The index on new orders fell to 13.56 in September from 22.21 in August, while the reading on shipments tumbled to 5.09 in September from 28.82 in August. The index on the number of employees rose to 18.22 in September from 11.62 in August, while the prices paid component rose to 35.11 from 34.41 in August. The survey of manufacturing plants in the state is one of the earliest monthly guideposts to US factory conditions

Wall Street fell moderately Monday as investors anxiously awaited the Federal Reserve's impending decision on interest rates. The market is betting on a rate cut from the Fed when the central bank meets Tuesday, but investors are not completely sure what it will do and what it will say in its accompanying economic statement. Furthermore, with the major brokerages' third-quarter results yet to be released, investors are uncertain about how badly the summer's stock downturn, souring home loans, and credit squeeze hit the banking industry.

The Dow Jones industrial average fell 39.10, or 0.29 percent, to 13,403.42. Broader stock indicators showed somewhat steeper losses. The Standard & Poor's 500 index fell 7.60, or 0.51 percent, to 1,476.65, and the Nasdaq composite index lost 20.52, or 0.79 percent, to 2,581.66. The Russell 2000 index, which tracks small company stocks, fell 7.68, or 0.98 percent, to 775.81. Bonds rose modestly, pushing the yield on the 10-year Treasury note down to 4.47 percent from 4.48 percent late Friday. Volume on the New York Stock Exchange was among the lightest of any day this year, indicating that many market participants were staying on the sidelines ahead of the Fed's decision. Consolidated volume totaled 2.47 billion shares compared with 2.65 billion traded Friday.

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tanglinboy
Elite

17-Sep-2007 22:27

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Dow is now flat!

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cheongwee
Elite

17-Sep-2007 16:16

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US is going to attack Iran soon!!!

http://www.afterdowningstreet.org/?q=taxonomy/term/51

The stock is finish...oil going $100 and gold will soar....BUY GOLD.

This Bush know it is last term...he got nothing to lose..recession risk is ever greater...be prepare!!!

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ghpreal
Member

17-Sep-2007 09:32

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Hi, 1234567

Thanks for the article you posted below. It is veryinformative esp. for ppl interested in gold but a bit blur like me. Thanks so much.

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Pension
Elite

17-Sep-2007 08:04

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dow is alway wavey, the pitch of the wave can be as high and as low as 200 over points,nobody survive in such a wave. nowaday, if there is a small wave, everyone start to swim ashore to hide.

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cashiertan
Elite

17-Sep-2007 05:17

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My own humble view on the TA of the DOW.

1)There will be a last rally before a major correction. - Elliot Wave shows that we are in the wave 4. but take note - we are in wave B of this wave 4 thus there will be another dip before the climb.

2)The correction on 9/11 and SARS delayed the dreaded 10 years market down cycle.

3)Subprime issue haven't matured and not a killer of economy thou it wounded it.

thus i recommend those who cant sell, hold ur stocks. those who wanna buy, hold ur buying.

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cheongwee
Elite

17-Sep-2007 01:21

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?The way current monetary system works with FED monetery policies, the careful savings of a lifetime ? including your pension ? can be wiped out in an eyeblink.

When a $70 billion market cap company (Enron) can turn to powder in just a few weeks, when more than $1 trillion in market cap companies (dotcoms and telecommunications) can similarly evaporate over a short period, one must conclude that there is something systemically wrong with our financial structure..

Look at the German hyperinflation,the Argentina and the Mexico crises...your l;ife saving cannot even buy u a loaf of bread...

Buy gold for insurance...those who survive the above crises are those who bought gold very early before the crises come to pass.....so can you...but you say ...come on...Singapore $ is so strong...our fundamental is so solid....think again...with the reserve so much of it in US$ denominated asset...when the US$ collapse..the great Singapore $ will not be spare..only GOLD can save you...not Sing $ not Euro...or any other.

BUY GOLD!!!

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cheongwee
Elite

17-Sep-2007 01:03

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Alan Greenspan...said double digit inflation on the way...and baby boomer to cause America more trouble..

http://www.usatoday.com/money/economy/fed/2007-09-14-greenspan-book_N.htm

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soloman
Master

16-Sep-2007 19:05

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By the way, if no cut - vice versa also lah

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Pension
Elite

16-Sep-2007 18:53

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Rate cutting is one thing, how much to cut is another thing, hope it cut 50% point.

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soloman
Master

16-Sep-2007 18:50

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Rate cuts coming

1st cut means more coming later, If there is a 1st cut, stock holders win

Like someone said, banks will rocket - all blue chips recover first

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tanglinboy
Elite

16-Sep-2007 10:41

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Dow was up on Friday. Good sign ahead for this week!

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cheongwee
Elite

16-Sep-2007 00:54

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Keep it simple...just physical gold and United Gold and General..good enough..

Buy gold stock initially only..and trade carefully....but just like any stock...they are risky...some mine have heavy hedging done..some are empty shell...like Liang Huat...so it is best leave it to fund manager which are more knowlegeable...sleep peacefully..

ETF are paper gold....they gurantee... but if all will to claim physical...dont know whether they can deliver or not???better to buy physical(gold coin and bullion...maple leaf..etc) and keep.

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cheongwee
Elite

16-Sep-2007 00:46

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http://www.sprott.com/pdf/marketsataglance/09-2007.pdf

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1234567
Senior

15-Sep-2007 23:38

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Fyi ... this article "investing in gold" was dated back to Jul 7, 2000.

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1234567
Senior

15-Sep-2007 23:31

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Fund Information

UOB United Gold & General Fund

SGAM Golden China Fund S$

DWS Noor Prec Metals CL A USD

http://www.fundsupermart.com/main/research/viewHTML.tpl?articleNo=212

Investing In Gold
There are other ways of investing in gold apart from capping your teeth with the precious metal.

Author : Bharathi Rajan

WHY INVEST IN GOLD

Historically, people have often used gold as a form of savings. When the local currency was down, they would get more for their money if thay had a private stash of gold. Gold is also seen as a buffer against inflationary surges. Gold tends to perform inversely to the prices of stocks and bonds and sometimes performs well during an economic downturn. As such, gold can be seen as a buffer when mainsteam stocks do not perform. However, owning gold has several drawbacks. Security concerns aside, this precious metal on its own can prove a very risky investment. Even then, some investors may choose to invest in gold, either directly or indirectly, to further diversify their portfolios. Below is a run down of the basics that you should know before you try out a gold or natural resources fund.

WAYS TO INVEST IN GOLD

Gold Bullion Or Coins

Can be bought in bars from 1 gram to 400 grammes; coins are portable, and match the price of gold with a small premium. Certain special issues can appreciate over time as they become collector's items.

Gold Certificates

A certificate represents ownership of gold bullion kept in a financial institution such as bank for safekeeping.

Gold Futures And Options

A futures contract can be traded on the futures market. This method is more sensitive to price movement, and often attracts punters who wish to buy low sell high.

Gold Mining Stocks

Owning the stock of a mining company traded on one of the exchanges. Value of the stock depends on both the price of gold and the fundamentals (i.e. sound management) of the company.

Jewellery

This accounts for the largest consumption of gold and a means of savings in developing countries

Gold Mutual Fund

This allows the investor to spread his investment over many companies, and is managed by a professional fund manager.

PROS AND CONS OF INVESTING IN GOLD

Reasons to invest in gold

The price of gold has been going down since 1980, and gold is cheap. If you are a contrarian investor who believes in buying when prices are low, now could be a good time.
Once the price of gold starts to rise, banks which have large gold reserves will not want to sell it cheaply.
Several gold funds have hit yearly lows, so a pick up may be imminent.
The American economy could be slowing down. A decline in the value of the dollar could lead to soaring gold prices.
Consumption of gold has exceeded production for the past 8 years, and with gold prices dropping; some gold mines have decided to scale back production. This could lead to an eventual upswing in the price of gold.
With Asian countries recovering from the financial crisis, gold demand is picking up.

Reasons not to invest in gold

Price of gold has been mostly going down since 1980
Central banks have tonnes of gold bullion which they could sell at anytime, thus flooding the market and bringing down prices even further.
Gold funds have not been doing well for a long time.
Even though gold funds are less volatile than investing in gold per se, it still is a risky investment.
Investors must contend with brokerage fees, dealer markups, and storage and insurance costs (if you're buying a lot of gold).
Gold bullion or coins do not produce yields the way bonds and stocks do.

Several gold funds invest in the stocks and bonds of gold mining companies. Many of these companies are located in North America, South Africa and Australia.Movements in the price of gold do affect the value of of gold mining stocks. That's because production costs for mining companies are fixed, and any increase in the price of gold means greater profits for mining companies. A decrease in the gold price will have the opposite effect. Gold tends to fare poorly when compared with mainsteam investments; thus experts advise that it should not form more than a small fraction (say 5%) of a well diversified portfolio.

NATURAL RESOURCES

Like gold funds, natural resource funds provide a buffer against inflation. They focus on exploration and mining companies that deal with oil and natural gas, precious and non-precious metals, and minerals. Such funds tend to perform best when there is an oil price hike, especially if there are several large oil companies listed in the fund. But like gold fund funds thay can lag when the stock market is generally doing well. To many long term investors however, they do represent a better choice than a gold fund as their industries are more varied and economically viable.

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soloman
Master

15-Sep-2007 09:59

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Asiaone Report

Correction in porperty coming - analyst

2007 - double the no of units coming out

2008 - 4 times the no of units

I thinks those who bought are in more serious trouble than those in stocks !!

Quote from one buyer of a small 1 room unit at $720,000 that he is pretty nervous

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stevento
Senior

15-Sep-2007 09:58

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You have only looked at Gold for hedging.
Should look at oil Working Interest/ownership for hedging as well. Long term has been a hedge against inflation.

Cheong ahh.

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soloman
Master

15-Sep-2007 09:25

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DOW up DOW up !!!!!!!!!!!!!!!

Expect rate cut !!!!!!!!!

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