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dow does not know which way 2 go huh!
So Gold hits USD.2,600 and not 26,000.-? How long should we hold?
cheongwee ( Date: 17-Mar-2009 20:00) Posted:
300..it is definitely a wish...but that will come after gold hit 2600..
I suggest you wait for US$50...like Peter Schiff said..after the gold bull burst...if you buy at 300 is still expensive...now 900 is still dirt cheap...depending where you are...in 2009...no hope...maybe 2014...then you got wait another 20 years for the next cycle up...it is possible...but if we got only time to out live the next gold bull... |
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don't read only the good news.....if you read the full article at http://www.marketwatch.com/news/story/Housing-starts-surge-22-apartment/story.aspx?guid=%7B80F733A0%2DB553%2D4D73%2D80C4%2DBA67E07CFBAF%7D&dist=hplatest#comments
However, read their disclaimer para :
"The mood of home builders' has rarely been worse. The National Association of Home Builders reported Monday that its sentiment index was stuck at 9 on a scale of 1 to 100 in March."
"The government cautions that its monthly housing data are volatile and subject to large sampling and other statistical errors. In most months, the government can't be sure whether starts increased or decreased. In February for instance, the standard error for starts was plus or minus 13.8%. Large revisions are common. "
STI to jump tomorrow ......
17 Mar 09 Rebound in US : Construction of new homes rose sharply in February, defying economists' forecasts for yet another drop in activity
Dow may not have dropped much last night buy sell volume was big
Now more data on the way to make gold soar...or SORE..we see.
300..it is definitely a wish...but that will come after gold hit 2600..
I suggest you wait for US$50...like Peter Schiff said..after the gold bull burst...if you buy at 300 is still expensive...now 900 is still dirt cheap...depending where you are...in 2009...no hope...maybe 2014...then you got wait another 20 years for the next cycle up...it is possible...but if we got only time to out live the next gold bull...
If only the price back to below USD.300 I may consider. I sold the Gold for >300% profit enough is enough man.
cheongwee ( Date: 16-Mar-2009 22:00) Posted:
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my boss said...
1. indices 7.3 gold 920
2. indices 7.5 gold 900
3. indices 7.8 gold 880
4. indices 8.0 gold tumble....
lets see... my boss said one hor...
indices weak lah... else my boss happy liao....
indices strong.... gold tumble.... lets see....
930 then admit loss... hehe...
buy gold onli if u are very long term investors.. the appreciation too slow liao..
cheongwee ( Date: 16-Mar-2009 22:00) Posted:
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gold cannot eat... how come some many ppl want to buy gold...
US deficit claim to be 1.75 t, but according to expert there are alot unaccounted for all for bailout...
Sovereign bond and long term treassury are bubble waiting to burst..
Actual deficit according to expert is 3t..that is 21% f the GDP...exceptable figure is 3%..THAT IS 7 TIMES!!!...unsustainable..
my boss wishes yellow metal 880 cannot support....
hehe....
my boss said can try to short yellow metal... hehe....
US economy is under going a stage four...credit melting process, with trillion of promises to be pump in...AIG received US$170 billion alone while BoA and Citigroup each may have recevied more then US$50 billion. Most recently (3rd round) CITI received another US$25 biilion in exchange for a 36% stake
iPunter ( Date: 15-Mar-2009 19:01) Posted:
You are right... The effects of the meltdown are still seeping* through... 
(*seeping is a slow and gradual but sure process)
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You are right... The effects of the meltdown are still
seeping* through...
(*
seeping is a slow and gradual but sure process)
Coy packing up, retrenchment, pay cut, reduce day work n OT, no pay long leave, freeze new recruitment n etc are not new to us liao.
AK opine that Ref to d coy last Q performance, d 1 Q coy profit earning definitely slide greatly as compared to the preceeding one.
Much hard time ahead loh.
Just take a look at the just over
IT SHOW... it's very crowded ... buying and buying...
