| Latest Forum Topics / Straits Times Index |
 Post Reply
|
|
STI to cross 3000 boosted by long-term investors
|
|||||
|
Isolator
Supreme |
17-Oct-2011 22:39
Yells: "STI is hard landing to below 2000..." |
||||
|
x 0
x 0 Alert Admin |
When start to fall..... there will be no hurry to cover back unlike when you long..... Dow start with dropping 200-300pt tonight, the fall will be steep..... |
||||
| Useful To Me Not Useful To Me | |||||
|
gavinl
Elite |
17-Oct-2011 22:36
|
||||
|
x 1
x 0 Alert Admin |
Wish us huat huat huat.
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
moneyface
Senior |
17-Oct-2011 22:33
|
||||
|
x 0
x 0 Alert Admin |
some words from some ppl really can change market trend.... |
||||
| Useful To Me Not Useful To Me | |||||
|
Sgshares
Elite |
17-Oct-2011 22:30
|
||||
|
x 0
x 0 Alert Admin |
tmr starts to join u
|
||||
| Useful To Me Not Useful To Me | |||||
|
JUNWEI9756
Supreme |
17-Oct-2011 22:27
|
||||
|
x 0
x 0 Alert Admin |
Sifu. I have longed :P HAHAHA.
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
gavinl
Elite |
17-Oct-2011 22:26
|
||||
|
x 0
x 0 Alert Admin |
Yes,Yes,Yes. Shorted some last week,time to cover back.
|
||||
| Useful To Me Not Useful To Me | |||||
|
Isolator
Supreme |
17-Oct-2011 22:18
Yells: "STI is hard landing to below 2000..." |
||||
|
x 0
x 0 Alert Admin |
Tonight dow will close 3 digit red.... And this will cause mid and low cap to drop 10%... What he has gain will all return back....
|
||||
| Useful To Me Not Useful To Me | |||||
|
Isolator
Supreme |
17-Oct-2011 22:05
Yells: "STI is hard landing to below 2000..." |
||||
|
x 0
x 0 Alert Admin |
End of rally.... Time to short.... | ||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
MasterNg9999
Senior |
17-Oct-2011 20:36
Yells: "Isnt Human center of the universe???" |
||||
|
x 0
x 0 Alert Admin |
TRADE WAR!!!!!!!!! Yuan Gold Trading In Hong Kong On 'Triple Demand' ?- China Positioning CNY As Reserve CurrencyYuan Gold Trading in Hong Kong on 'Triple Demand' - China Positioning CNY as Reserve Currency Hong Kong, the world's third-largest gold trading centre, has become the world's first place to offer gold trading in yuan, further positioning the yuan or renminbi as a potential global reserve currency. Hong Kong’s Chinese Gold & Silver Exchange Society, a century old bullion bourse, has introduced gold trading quoted in Chinese yuan, making it more convenient for Chinese people and high net worth individuals (HNWs) holding yuan to invest in the precious metal and opening a new way to hedge. The move comes amid the continuing push by Chinese authorities for a more international role for its currency and as an alternate reserve currency to the embattled dollar and euro. With gold now traded in yuan, it is only a matter of time before oil is traded in yuan thereby positioning the yuan as ‘petro yuan’ and a rival to the petrodollar’s status as the global reserve currency. The move reinforces Hong Kong’s status as an offshore hub for the Chinese currency and as a rival to New York, London and other cities as a global financial capital. The Chinese Gold & Silver Exchange said that the service, dubbed " Renminbi Kilobar Gold," is targeting retail and institutional investors. The product is among the latest offerings designed to tap the fast-growing pool of yuan deposits within Hong Kong banking system. " By attracting both local and international investors, the Renminbi Kilobar Gold is a significant step towards internationalizing the renminbi," said Haywood Cheung, president of CGSE. From inception the contract may generate a very significant HK$6 billion ($770 million) in trades a day, exchange President Haywood Cheung said in an October 14 interview. Daily bullion trading volume at the bourse, which has 171 active members, has surged to HK$136 billion this year from last year’s HK$31 billion on appetite for gold as a safe haven. “There’s triple demand for this yuan product,” said Cheung late Friday. “Investors can enjoy the bull market in gold, the yuan’s appreciation and hedge gold denominated in other currencies against the yuan.” “The uncertainties in the global economy are supporting gold”, Cheung said. “It’s still the right timing,” Cheung said. “With the depreciation of the dollar and problems in the Eurozone, investors realize they want some other currencies that are safer like the renminbi. Gold can be a way for people to bet on the yuan, even it’s not yet fully convertible.” The society, started in 1910, will consider trading silver in the Chinese currency later, Cheung said, declining to identify the timeframe. The society has imposed a daily ceiling of 300 kilos for physical delivery of gold denominated in yuan to avoid depleting the currency pool in Hong Kong, he said. “The sudden influx into gold bars may take away half of the yuan liquidity in Hong Kong,” Cheung said. Should even a small amount of traders of the new yuan denominated gold contract attempt to take delivery of physical gold bars it may create supply issues in a marketplace that is already experiencing supply constraints. woohoo... i am back!!!! Cheer |
||||
| Useful To Me Not Useful To Me | |||||
|
teeth53
Supreme |
17-Oct-2011 20:24
Yells: "don't learn through life, learn to grow with life " |
||||
|
x 0
x 0 Alert Admin |
Statement like is enuff to bring the market +ve...This is even more solid news. http://sg.finance.yahoo.com/news/EU-mull-three-pronged-plan-rsg-2524660599.html?x=0 Euro Union finance ministers will consider a three-pronged plan to restore investor confidence in the bloc's banking sector as part of wider efforts to stabilise euro zone finances. Finance ministers believe that focussing on capital levels alone may not be enough to put banks on a firmer footing and to addressed investor concerns. One EU source said. A three-pronged approach is emerging: " This has to be a complete package" * a basic minimum capital requirement for banks in the EU that is substantially higher than the 5 percent " pass mark" in the July stress test of 90 banks * an additional, temporary buffer on top of the new minimum requirement for those banks that have exposure to troubled euro sovereign debt. This does not necessarily mean banks would have to take full market writedowns to hit profits straight away * ensuring that banks have adequate " term" funding, even if it means state-backed guarantees. EU finance ministers would set the levels and a clear timescale for reaching the minimum capital levels and having funding guarantees in place, if needed. The three-pronged approach would help tailor the response to individual banks as the sovereign debt " buffer" would be set at zero for some, and not all lenders would need funding guarantees. teeth53 thot: G20 statement is working, for Euro to come out and say. YES, we can do it. If and when mkt wants to go +ve on promises made, bad news becomes good news. French-Germany statement said they will give an answer on Nov 4 also contains promises, mkt surge is based on promises. Mkt remain volatile. YES, we can do it...again with a promising statement. Learn to respect mkt volatility, be it's bearish or bullish. Know what oneself is venturing into, within ur mean (bullish or bearish oneself has to decide) Tim Geithner and other promise to take 'all necessary actions.' More |
||||
| Useful To Me Not Useful To Me | |||||
|
JUNWEI9756
Supreme |
17-Oct-2011 19:33
|
||||
|
x 0
x 0 Alert Admin |
I am looking to long.. lol.. tcss only.. | ||||
| Useful To Me Not Useful To Me | |||||
|
belgeran
Veteran |
17-Oct-2011 19:11
|
||||
|
x 0
x 0 Alert Admin |
1 statement is all it needs to bring the market down... ? European shares pared gains on Monday after German Finance Minister Wolfgang Schaeuble said the EU summit on Oct. 23 would not produce a definite solution to the euro zone debt crisis. |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
belgeran
Veteran |
17-Oct-2011 18:07
|
||||
|
x 0
x 0 Alert Admin |
he short big caps, long small and mid caps.. he playing both side of the market... i wonder how US will trade... and why is europe selling off?..... profit taking ? |
||||
| Useful To Me Not Useful To Me | |||||
|
Isolator
Supreme |
17-Oct-2011 17:44
Yells: "STI is hard landing to below 2000..." |
||||
|
x 0
x 1 Alert Admin |
How come you have changed bullish? I thought you short many counters? You
|
||||
| Useful To Me Not Useful To Me | |||||
|
xing78
Elite |
17-Oct-2011 17:27
|
||||
|
x 0
x 0 Alert Admin |
dow could gap up on open and we shall see from there. i would have expect apple to report very goid earnings but whether it is good enough to make Dow rally higher is anybody guess. i am not betting on it.
expect financials to remain weak. watch for wells fargo tonite and amex coming later this week.
|
||||
| Useful To Me Not Useful To Me | |||||
|
Isolator
Supreme |
17-Oct-2011 17:15
Yells: "STI is hard landing to below 2000..." |
||||
|
x 0
x 0 Alert Admin |
Actually many counters to short...... If Dow close red tonight...... The whole markets will start selling..... Too juicy.... lol.. |
||||
| Useful To Me Not Useful To Me | |||||
|
belgeran
Veteran |
17-Oct-2011 17:07
|
||||
|
x 0
x 0 Alert Admin |
i opened shorts on genting sp... although i think i did it too early..haha... but oh wells... lets see how it goes tonight.... =/ | ||||
| Useful To Me Not Useful To Me | |||||
|
Isolator
Supreme |
17-Oct-2011 17:03
Yells: "STI is hard landing to below 2000..." |
||||
|
x 1
x 1 Alert Admin |
I have closed long position.... With Short on Midas.... I am betting DOW may fail to break the resistance tonight.... Even if it break... STI will be having profit taking tmr onward.... Just tcss... lol |
||||
| Useful To Me Not Useful To Me | |||||
|
Salute
Master |
17-Oct-2011 16:47
|
||||
|
x 0
x 0 Alert Admin |
the sick " sack" came and cut singapore's banks' T/P again(from poems's new)
|
||||
| Useful To Me Not Useful To Me | |||||
|
Sgshares
Elite |
17-Oct-2011 16:34
|
||||
|
x 0
x 0 Alert Admin |
dont know how to predict...just ride on....lol
|
||||
| Useful To Me Not Useful To Me | |||||