ShareJunction - Member Posts

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I really dun know, as the mkt conditions is dynamic n in a flux, changing daily, just have to be on the alert n keep tab on the trend daily.

niuyear ( Date: 08-Oct-2009 16:14) Posted:

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. Laughing

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

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In an up-trend the next wave high will be higher than the previous high of 0.92, but of course with minor corrective wavelets in between.

tankuku ( Date: 08-Oct-2009 15:39) Posted:

Don't think it can be the 52High of $0.92.

Unlikely to break $0.9

x 2

Smiley Smiley Smiley Smiley Smiley Smiley Smiley

When all these foreign brokers start to buy (the cats are here), the mice (local BBs) balls shrinked (or maybe no balls at all) liow, go into loo hiding liow to change their wetted pants/panties.

buylist ( Date: 08-Oct-2009 15:07) Posted:

Some foreign brokers are buying

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x 1

Smiley Smiley Smiley Smiley Smiley Smiley

zhou yu having cold sweats, peeing in his pants/her panties, balls shrinked liow (oops, maybe no balls at all in the 1st place), changing underwear/pants/panties in the loo lah

risktaker ( Date: 08-Oct-2009 15:15) Posted:

zhou yu where are you hiding :)

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Below is my long term chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.

If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments and plse do not be so childish or lunatic as to abuse the rating system by intentionally rating it as "bad post", this is not cursing but Buddhism beliefs tat intentional bad deeds will accumulate for yourself and possibly your next generation, "bad" karma for your "bad" deeds.

If u think it is a bad post, then be constructive and kindly post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

x 2

Well, of course, I confidently say so, I m not those empty vessels tat make a lot of noises, I knows my stuff well.

risktaker ( Date: 08-Oct-2009 15:06) Posted:

Well then, if you think so :)

richtan ( Date: 08-Oct-2009 15:01) Posted:

On the contrary, I think I m the one to correct u.

It goes to show tat u dun know how to interpret the "Trade Summary", n instead trying to teach an old cock how to suck eggs.

x 0

Below is my long term chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.

If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments and plse do not be so childish or lunatic as to abuse the rating system by intentionally rating it as "bad post", this is not cursing but Buddhism beliefs tat intentional bad deeds will accumulate for yourself and possibly your next generation, "bad" karma for your "bad" deeds.

If u think it is a bad post, then be constructive and kindly post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

x 0

Below is my chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.

If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments and plse do not be so childish or lunatic as to abuse the rating system by intentionally rating it as "bad post", this is not cursing but Buddhism beliefs tat intentional bad deeds will accumulate for yourself and possibly your next generation, "bad" karma for your "bad" deeds.

If u think it is a bad post, then be constructive and kindly post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

x 0

"Trade Summary" at this point in time shows extremely heavy buying-up (almost doubled the sell-down), but of course, nothing is guaranteed, may change, so dyodd n BOSAYOR:

5GJ (AusGroup)

WEIGHTED AVG PRICE : 0.7007 LAST DONE PRICE : 0.700

SPREAD/PRICE RATIO : 0.0000 AVG TRADE SIZE : 60.338

< />

Last Trades Vol BuyVol Mid SellVol

0.690 2 16 16 0 0

0.695 132 4,194 2,390 0 1,804

0.700 44 4,473 1,972 0 2,501

0.705 26 3,356 183 0 3,173

0.710 18 1,356 0 0 1,356

TOTAL 222 13,395 4,561 0 8,834

tankuku ( Date: 08-Oct-2009 14:52) Posted:

BB slowly buying up. Keep a look out guy.

14:50:17	0.700	869,000	Bought from Seller
14:42:59	0.700	5,000	Bought from Seller

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x 0

On the contrary, I think I m the one to correct u.

It goes to show tat u dun know how to interpret the "Trade Summary", n instead trying to teach an old cock how to suck eggs.

risktaker ( Date: 08-Oct-2009 14:50) Posted:

let me correct you since you always post this. Today it shows it is Seller's market :) Also it did show buy up but not extreme la.

richtan ( Date: 08-Oct-2009 14:46) Posted:

Today's vol as at this point in time had aredi exceeded yesterday's vol n

"Trade Summary" at this point in time shows extremely heavy buying-up (more than doubled the sell-down),

but of course, nothing is guaranteed, may change, so dyodd n BOSAYOR:

5EN (MIDAS)

WEIGHTED AVG PRICE : 0.8406	LAST DONE PRICE : 0.850
SPREAD/PRICE RATIO : 0.0000	AVG TRADE SIZE : 36.648

< />

Last	Trades	Vol	BuyVol	Mid	SellVol
0.830	13	325	153	0	172
0.835	187	5,126	2,951	0	2,175
0.838	1	45	0	45	0
0.840	37	1,379	10	0	1,369
0.845	4	994	39	0	955
0.850	56	3,052	63	0	2,989
TOTAL	298	10,921	3,216	45	7,660

x 0

Below is my chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.

If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments and plse do not be so childish or lunatic as to abuse the rating system by intentionally rating it as "bad post", this is not cursing but Buddhism beliefs tat intentional bad deeds will accumulate for yourself and possibly your next generation, "bad" karma for your "bad" deeds.

If u think it is a bad post, then be constructive and kindly post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

x 0

Today's vol as at this point in time had aredi exceeded yesterday's vol n

"Trade Summary" at this point in time shows extremely heavy buying-up (more than doubled the sell-down),

but of course, nothing is guaranteed, may change, so dyodd n BOSAYOR:

5EN (MIDAS)

WEIGHTED AVG PRICE : 0.8406	LAST DONE PRICE : 0.850
SPREAD/PRICE RATIO : 0.0000	AVG TRADE SIZE : 36.648

< />

Last	Trades	Vol	BuyVol	Mid	SellVol
0.830	13	325	153	0	172
0.835	187	5,126	2,951	0	2,175
0.838	1	45	0	45	0
0.840	37	1,379	10	0	1,369
0.845	4	994	39	0	955
0.850	56	3,052	63	0	2,989
TOTAL	298	10,921	3,216	45	7,660

x 0

My advice is not to be too eager-beaver to take short profits and remember the 3rd golden mantra:

3) Cut losses short n let profit runs with trailing stops, we need to let profit runs as much as it can to cover all the losses made n yet make net gains. When we hit the cut-loss, never be emotional, be mechanical, immediately exit n never regret even if later it goes up bcos if dun cut, wat if it continues to go down, preserving ammunition to fight another day is the key. We can always re-enter if there is another buy sign candles, even if buying at a higher price

x 0

Patience does has its virtues.

The tortoise will eventually win the race.

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x 0

Now, I think u r wrong.

The gap had been closed at this point in time.

I m bullish

DnApeh ( Date: 05-Oct-2009 22:23) Posted:

i think you are wrong.

Support at 0.81 (low of 7 Aug and 2 Sep) broken today and price closed below it.

2 Oct was a gap down.

i am bearish.

richtan ( Date: 05-Oct-2009 22:15) Posted:

Below is my chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.

If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments and plse do not be so childish or lunatic as to abuse the rating system by intentionally rating it as "bad post", this is not cursing but Buddhism beliefs tat intentional bad deeds will accumulate for yourself and possibly your next generation, "bad" karma for your "bad" deeds.

If u think it is a bad post, then be constructive and kindly post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

x 1

From CIMB:

Upgrade to Outperform from Neutral.

We keep our FY09-11 EPS estimates unchanged but roll over our target price for Midas to
S$1.14 from S$0.87, now based on 15x CY11 P/E (based on peer average).

Our previous target price was based on 15.3x CY10 P/E.

We upgrade Midas to Outperform on the back of better earnings visibility for FY11-12.

• Rmb1.76bn metro train contract secured but more could come.

Midas announced on 28 Sep 09 that its associate, NPRT, had been awarded a contract
worth Rmb1.76bn by Hangzhou Metro to supply 288 metro train cars. The award of
this contract should improve earnings visibility for FY11-13. Including this contract,

Midas’s order book is Rmb6.26bn.

We believe there could be more contracts to come from China as the Chinese government
has yet to fully award all the contracts for its planned 800 High-Speed train sets.

• China’s railway network set to become second largest in the world.

PRC’s Vice Minister of Railways, Wang Zhiguo, announced in Aug 09 that China will
increase its rail construction spending to Rmb600bn for 2009 and spend at least
Rmb700bn per year on average over the next three years. With this increase, China’s
operating railway network will be expanded from 80,000km to 86,000km by the end of 2009
and 110,000km by 2012, surpassing Russia and second only to the US.

• Proposed secondary listing in Hong Kong.

While a wider investor base would be generally positive for Midas, we believe its valuations
are unlikely to improve as comparable companies in Singapore and Hong Kong are trading at similar
valuations.

Valuation and recommendation

Upgrade to Outperform from Neutral. We keep our FY11 earnings forecast
unchanged as we had earlier factored in potential contract wins for the second-phase
High Speed train contract awards. We believe that additional contracts will only be
awarded in 2010, at the earliest, which would affect EPS estimates for FY12 and
thereafter.

However, we upgrade our target price to S$1.14 as we roll over to 15x CY11 P/E from
S$0.87 (15.3x CY10 P/E). We believe that 15x P/E is a reasonable valuation for Midas.

China South Locomot and Zhuzhou CSR Times are trading at a higher 19x CY10 P/E
on average, but we will not ascribe a similar P/E to Midas as the former two companies
are train manufacturers and are higher up the value chain. China Rail Group, China Rail
Constr and China Comms Constr mainly provide construction services to the rail
industry and thus trade at the lower end of the valuation spectrum.

We upgrade Midas to Outperform from Neutral as its Rmb1.76bn metro train contract
win and execution of Rmb1.05bn worth of aluminium extrusion and fabrication contracts
won since Jun 09 have provided better earnings visibility for FY11.

We see potential catalysts from contract announcements following the award of the 7,000 High-Speed
train cars and new orders for metro train sets.

x 2

STI probably needs viagra

richtan ( Date: 08-Oct-2009 12:37) Posted:

Probably bcos STI is frigid, impotent lah

freeme ( Date: 08-Oct-2009 12:29) Posted:

Dow fut +77 why no effect on the mrkt?

x 2

x 1

Probably bcos STI is frigid, impotent lah

freeme ( Date: 08-Oct-2009 12:29) Posted:

Dow fut +77 why no effect on the mrkt?

x 0

Gold expert said 1650 in 2011. Laughing

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

x 0

Read this from CNA forum, copy n paste here for your info:

The Original

Joined: 25 Apr 2008
Posts: 1813

Posted: Thu Oct 08, 2009 9:00 am Post subject:

NIA Says Gold Could Rise to $5,400 National Inflation Association FORT LEE, N.J., Oct. 6 /PRNewswire/ -- The National Inflation Association today released the following statement to its http://inflation.us members: "Gold hit a new all time high today of $1,044 per ounce and it looks like this break out above $1,000 could be permanent. While this may be a new all time high in nominal terms, adjusted for inflation gold's high in 1980 of $850 equates to $2,300 per ounce in today's dollars. We believe the inflationary crisis we are rapidly approaching will be much worse than the inflation of the 1970's. Therefore, $2,300 per ounce gold could be here sooner than anybody thinks is possible… http://www.sunherald.com/prnewswire/story/1654959.html