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CWQuah
Master |
12-Sep-2007 23:41
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Looks like Dow Jones IA will just traverse between 13260 -13366 today - start of consolidation mode? |
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paperless
Senior |
12-Sep-2007 19:48
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Dear Master cheongwee, Thanks for your great explanation. You are the best gold-analyst i ever met. Wish our dream comes true. Good luck. |
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cheongwee
Elite |
12-Sep-2007 19:26
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Dear paperless....there are some 152,000 metric ton of known gold abv ground...CBs kept some 30,000 ton...but that is far less nw,consider they have been selling for years...probably half according to analyst.. The world stock market worth some 48 trillion dollars...the world gold market worth only 500 billion only..imagine a percentage move fr stock into gold will sent gold rocket to the moon. In time of financial upheaval,do u think 1% move only?...imagine a few %....move into gold..what i meana to say7 gold will move up a few time from current $700...how much...you guess...but i think $1000...coming and acievable...not if but when..? It is my abition to see a gold px of US$2600..wish me luck..and to you also,, |
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cheongwee
Elite |
12-Sep-2007 19:14
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Yes Sir,paperless.... 1)the world forgive US debt..and they burn the US dollar in their vault.. 2)FED stop printing currency without backing.. 3)American habit of consumption mentality change to that of production... 4)American scientist can make gold in their lab... If none of the above u are agreeable with...u better buy gold...NO..i dont think so.. |
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paperless
Senior |
12-Sep-2007 19:03
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hi cheongwee, Despite thoese supporting factors may lift up gold value, is there any threats that may deplete the gold value? |
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thatman
Member |
12-Sep-2007 18:59
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Hi Paperless & all those who replied, Thanks.... I'm also predicting a 50-50 pts lower on Dow tonight... Cheers, ttman |
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cheongwee
Elite |
12-Sep-2007 18:51
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How about this one??? 
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cheongwee
Elite |
12-Sep-2007 18:45
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And alos this one... 
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cheongwee
Elite |
12-Sep-2007 18:40
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Taken from Jim Sinclair web site..a well known gold bug 
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paperless
Senior |
12-Sep-2007 18:04
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thatman, DOW will down tonight, if no additional changes to current sentiment that illustrated on futures, it likely to closed with somewhere -55. |
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cheongwee
Elite |
12-Sep-2007 17:47
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The falling dollar will NOT correct the trade deficit. There is a mistaken idea floating around, that the falling dollar - a ?weaker? dollar - will help exporters sell more because of lower costs of exports when quoted in foreign currencies. The increase in exports, it is supposed, will reduce the trade deficit. This has never worked, anywhere. The fact is that as prices of imports rise, the importers (the American public) will simply pay more for the imports, thus increasing the amount of imports and sending MORE dollars abroad to pay for them. Why will Americans pay more for imports? Because of two reasons: One, is that American industry is no longer making the stuff that Americans want to buy. So, if Americans need and want that stuff, they have to import it. Not enough American factories left. They were moved abroad. Two, is that since interest rates are going to be lowered and more credit/money is to be created (out of nothing), the American public WILL HAVE the money with which to pay higher prices. So the trade deficit will continue and will continue to grow as the dollar goes down and down. There is ONLY ONE WAY to regain balance - equilibrium - in the sums exported and imported, and that is, to turn of the spigot of money/credit creation out of nothing. As long as the spigot is open, the trade deficit will grow and the dollar will go on falling. Now, if the spigot is closed and the money/credit creation (out of nothing) ceases, then in that case you have the situation where you might as well be on the gold standard, because that is what the gold standard is for: to close down the creation of money/credit out of nothing. We shall see how long this fiat money game can go on, before humanity comes back to its senses. Might be a long time, but that?s the only outcome in the long run. People said a weak dollar is good becos overtime it reduce the trade deficit,This is wishful thinking on the part of the debter.The crediter would have dump the dollar long before they weaken further.They are no so stupid to gave American goods for free. Do you know that there are only 24 countries now left peg their currencies to the US dollars from some 50 to 60 countries fromwhat i read..One wonder how long they can maintain the reserve currency status?Some middle eastern countries are already demand to be paid in Euro for crude oil purchase.. Buy Gold now..it is not someone esle liability..it is by itself true value..the real money for 5 to 6 thousand years. |
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cheongwee
Elite |
12-Sep-2007 17:23
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Jim Sinclair?s Commentary - September 11, 2007 - Excerpts: ?Now that $715 gold is behind us it becomes support and $751 to $761 becomes the magnet. Focus should shift as the key fundamental is now the Treasury International Currency Flows. The thesis of three strikes and you are out can be interpreted as any three combinations of TIC below the Trade Deficit or one net negative TIC report. Following this the dollar is cooked. You have no idea how fast gold can get into the $880 area. Last time we had lesser fundamental circumstances favoring gold and it ran up $400 in four weeks? Now you know why $1650 is a modest expectation. The Empire is falling in the eyes of its common shareholders and its common share, the US dollar. The Fed has NO tools to fix this derivative meltdown so they play the role of the Financial Ostrich? Eventually the lockup of all definitions of credit will result in the greatest international expansion of liquidity, which is monetary inflation on a planetary basis. That has to be followed by a price inflation of a planetary nature regardless of slower business conditions. Why do you think Asia is locking up raw materials? What has been speculated on by the gold bulls but did not happen in the 70s has now happened harder and deeper than the most rational gold bulls ever expected. Yet many readers still question it.? Buy gold before it take off to 1000...if it reach there and the excchange rate S$1.4 and abv to a dollars..i would have make million on both side of the Pacific ocean....this is a matter of when not if...and i think either end of this year or next.. |
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TuaPekGong9413
Elite |
12-Sep-2007 13:57
Yells: "deity" |
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tuapekgong in a trance now....saying dow down to9... |
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thatman
Member |
12-Sep-2007 13:53
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Dow up or down tonight? Your take? Thanks. Cheers, ttman |
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TuaPekGong9413
Elite |
12-Sep-2007 12:48
Yells: "deity" |
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tks red,btw,wats the current price and how much has it gone up as compared...say early this yr?tks |
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cheongwee
Elite |
12-Sep-2007 12:30
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My current position...hold till rate reduction materialise then sell to strength..i dont know when market will eventually settle down from the rate induce rally..but sell as it hit my sell px... But one thing for sure...with each rate reduction ...u going to see gold soar to new height and the dollar breaking new historical low... Sell to strength!!! |
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cheongwee
Elite |
12-Sep-2007 12:24
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If you sell crude oil and it is px in US$...what u do...when the value keep depreciating over time???You will ask buyer to pay higher...that is natural right..that is part of reason px soar..and that refer to all commodities px in US$...becos it happen to be the world reseve currency.. With the dollar going downhill...thing can only go up...that is high inflation...and that is no good for business and stock..overtime really...i can't see a bright future for stock market with a weak dollars.I cant see the next 2 mths good for stock beyond that I will dump them for sure.. |
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cheongwee
Elite |
12-Sep-2007 12:09
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To understand just how big the US trade deficit is, consider this? The world produces 2500 tons of gold per yr. That is 80 million oz per yr, or 6,666,667 oz per month. The US trade deficit with China ALONE is running at $20 billion per month. If China wanted to spend $20 billion per month on gold, at $700 per oz, they would need to buy 28 million oz of gold per month, or roughly 4 times total world production. You don?t even need to think about THE OTHER $40 billion per month of trade deficit on top of what we have with China to see that the dollar is going to be devalued by a huge percentage at some point soon. At what point does the rest of the world even not want MORE dollars, let alone not want the ones they have? Buy gold ..analyst have no means to value the $ currently becos the FED as fr spring 2006 no longer report M3..money supply...but base on previous data they said the $ is still some 30% overvalue...30% down...then 1 sing dollar equal 1 US$...it is roasted beyond recognition...if that happen...i think the px of gold will be $2600...some expert say they do not know what the first number will be..follow by 3 zeros behind...some say $5000 to $6000 Dont say gold px $2600 is high...no one will buy....look at Capitaland...once was $1.76...today $7.0...up 300 % and ppl still buying...if gold fr $700 movre up to $2600..that is 270%..so..with all these financial calamities and chaos...all will rush for it and push the px to strastosphere!!!Buy now. |
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Fairygal
Veteran |
12-Sep-2007 12:03
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The higher the climb, the more severe the injury! |
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red1721
Senior |
12-Sep-2007 12:00
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TuaPekGong9413 , open an account with UOB, for more info, you can check this url out. http://www.uob.com.sg/pages/personal/investments/treasury/preciousmetals/index.html |
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