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A good sign! Dow opens positive. 

 

snappers, welcome...for long term gold, i vested in the perth mint just this year, of course,now go up..but i still hanging till 4 figures....my bell and coins which i ordered online came in this morning...will put up tomorrow and see if it works...wl let u know the effects....tks for advice

 

Hi

Is this GLD 10 US$ quoted in SGX worth buying ? Seems to me this is the easiest way to gain exposure to gold. Anyone care to comment ?

 

teresa, thanks for the info.  will call him to get further details.

 

snappers, since you got account with poems, call William Kwan 65315422. He is the gold broker..nice chap, gives you advice on perth gold, future mini gold, london spot gold...i've got account with him...

 

dear experts, i'm thinking of investing in gold but not sure how to do it.  i have an account with poems.  got confused in reading on how to trade in gold prices.  i'm very green to this gold and shares thingy cos i juz started.  any kind souls to enlighten me?  thanks in advance.

 

Gold powers higher after Fed rate cut
The COMEX December gold futures contract ended the regular session off 10 cents Tuesday at $723.70, but rallied to a $735.50 high in afterhours trading following the Fed announcement.

September 18 excerpts:
(from MarketWatch & Reuters) ? Gold futures rallied past $735 an ounce in electronic trading late Tuesday to touch their highest level since 1980 following the Federal Reserve?s decision to cut the benchmark federal funds rate for the first time in more than four years.

?Following the Fed announcement, December gold moved through resistance at $730 and is now poised to extend its rally toward $790,? said Darin Newsom, a senior analyst at DTN.

The Federal Open Market Committee cut its benchmark federal funds rate by a half percentage point to 4.75% Tuesday, citing turmoil in financial markets as a threat to economic growth.

After the Fed announcement, U.S. stocks rallied almost 3 percent, while the dollar dropped 50 basis points and set a new record low against the euro. U.S. crude also jumped to a new record high in electronic trading. Lower interest rates tend to make the dollar less attractive and often boost gold?s appeal as an alternative investment.

?The 50 basis-point cut by the Federal Reserve affirms their strategy of sacrificing the U.S. dollar to keep the liquidity in the system alive,? said Peter Spina, an analyst at GoldSeek.com. In the coming weeks and months, ?$800-plus gold is headed our way,? he said. ?Gold will continue to see a huge influx of investment demand.?

Ned Schmidt, editor of the Value View Gold Report, said he considers gold as ?seriously overbought? ? but whatever the Fed does is ?good for gold investors.?

If rates are cut, it?ll confirm monetary will at the Fed and assure a new high for gold by year end, he said. And if rates are left unchanged, the ?housing and mortgage debacle will continue to dominate financial markets,? he said. ?Gold is the only safe haven in such an environment.?

Given all that, Schmidt said $1,400-plus gold prices are ?no longer a dream, but a reasonable expectation.?



$1400...why are we still waiting???..go for it... go for GOLD!!!

 

ha ha.. buy any counter also can earn money la... common sense, contra day !

first candidate, our poor DBS... ! contra it... ha ha... 5 lots?

 

2007-09-18 16:20 ET Dow +335.97 Dow Close 13739.39 Nasdaq +70.00 Nasdaq Close 2651.66 S&P +43.13 S&P Close 1519.78 NYAdv 3019 NYDec 346 NQAdv 2355 NQDec 642  [BRIEFING.COM] A big decision by the Federal Open Market Committee fueled a big day for the stock market. The major indices were already trading with modest gains ahead of the 2:15 ET decision from the FOMC.  Those gains were built on the back of a better-than-feared earnings report from investment bank Lehman Bros. (LEH 64.49, +5.87), stronger than expected results from retailer Best Buy (BBY 47.46, +2.92) and a reassuring PPI report for the month of August. The action prior to the FOMC decision, though, paled in comparison to what came after the FOMC's decision to cut both the fed funds rate and the discount rate by 50 basis points to 4.75% and 5.25%, respectively. Conventional wisdom was that the FOMC would cut the fed funds rate by just 25 basis points; and there was uncertainty as to what the FOMC would do with the discount rate. As it turned out, the FOMC took the aggressive road.  In doing so, it created a great source of relief for the stock market that manifested itself in huge gains for the major indices.  The Dow, Nasdaq and S&P all rallied better than 2.0%. The FOMC's rationale for the aggressive move was that it wanted to "forestall some of the adverse effects on the broader economy that might otherwise arise from the disruptions in financial markets and to promote moderate growth over time."  Although the Committee judged that some inflation risks remain, the statement did not convey as much concern about the inflation outlook as past statements.  The Treasury market for its part registered some inflation concerns as the back end of the Treasury curve underperformed the front end by a significant margin, resulting in some noteworthy curve steepening that will benefit the banking industry. The financial sector (+4.5%) was today's stalwart as it took off amid the confluence of good news that included the Lehman Bros. report, the rate cut action, and the curve steepening.  It had plenty of company as every economic sector ended with a gain.  The laggard of the bunch was the defensive-oriented consumer staples sector, which jumped "only" 1.75%. To be sure, there was a clear orientation toward growth in today's showing as the materials (+4.2%), consumer discretionary (+3.3%), industrials (+3.2%) and energy (+3.0%) sectors rounded out the list of the best-performing sectors. The commodity index also reflected the growth orientation.  Copper prices rallied 2.6% while oil prices jumped to $82.10 per barrel in extended action.  The rate cut decision weighed on the dollar, which stoked some inflation concerns and helped drive up gold prices 1.6%. The major indices ended at their highs for the session on a pickup in volume that followed the FOMC announcement.

 

Today will be a fanstastic day for stock....cheongggggggggg!!!

Good morning....everybody...time to unload and make $$$ for a moment...thks to Big Ben..for the gold px...and the stock rally...buy no thank for recession..

http://www.bloomberg.com/apps/news?pid=20601012&sid=aPUFfDsoBB7w&refer=commodities

 

Look Gold already touch previous high of $725...next $1000...buy..dont wait..i want to share with u the joy...if come next year a recession really materialise u will see a 4 figure px...of al least $1500..u going to thk me for this..and even if i am wrong...i believe the px will not be that disappointing and the best part is u got nothing to lose...your gold still keep shining ...if prediction come true..so

Trust me...i would have make million on both side of the Atlantic ocean..so long the Sing $ stay abv 1.4...and gold px hit $1000.....wish me luck...and also to you as well..

 

Look... this what happen to the dollar index immediately after the announment of rate cut..

http://quotes.ino.com/chart/?s=NYBOT_DX&v=s&w=1&t=l&a=2

nose dive immediate within the min of announce..if it go down 78.3...there will be no bottom...very very dangerous for stock also...dont even think that we are going on a sups bull again...

It is a trading market...take care.

 

With a weak dollar...commodities px will soar becos they are px in dollars...ppl will demand more with a weak dollars..oil will be $100..part demand and part due to weak dollar...

$100 oil is not good for stock...but may not happen within the next 3 month..but 6 month should materialise...trade carefully....sell slowly to rally..if u speculate..buy energy and oil relate stock..

Buy also gold stock for trade..and physical gold for investment and protection...still predict a px of $2600 come 2009..like most expert forcast...good luck...hope for soft landing for US..

 

Finally,we have arrived...0.5% is correct..so will be the px of gold $1000..and oil $100...stock will rally for a moment...so everybody think it  is ok now...

Those American are smart,by reducing rate they are indirectly reducing their debt with a weak dollars...but do u think China are idiot to see their saving depreciate with the weak dollar...if u will China what will u do???stand and do nothing to see your saving slowly going down..China have their unemployment to take care of..but they will slowly diversifies into gold and other resources..and other market...i believe with their large US$ reserve,they can achieve their political objective what they cannot achieve militarily..

What are the scenario,henceforth???Today onward,we must invest with an eye on the US$...if it break 78.3...fr current 79.7XX..then there will be no bottom....but one thing i am 75% sure...gold going to near $1000 and a $1000 oil within the next 3 months...

The next tsunami will be the DOLLAR CRISIS and DOUBLE DIGIT INFLATION...

And I still think a recession is still on...at 50 % chance...buy

 

I think helicopter Ben will reduce rate by 0.5% at the expense of the dollars...this is what are are famous for...if 0.25%..it will not somuch be effective..

Buy stock ...but sell to rally...got a feeling it will be worst come next year...buy GOLD.

The dollar will tank...foreigner will sell govt bond and T-bill..weak dollar will no doubt increase export for US but it will also cause more to import good...anyway thier manufacturing have gone more or less to other countries....American consumer will be hard hit..remember US economy is 2/3 depend on consumer....

China no longer so much depend on US for their export...their next two big customer are Japan and South Korea....

All above are good for gold...look gold is soaring so is oil...i think we see a $100 oil soon and $1000 gold...if US attack Iran...

I have reason to believe this warring Bush is going to attack Iran soon..

BUY GOLD!!!

 

Washington & New York same time.

 

2:15pm ET

 

Announcement at 2.15pm USA, I guess New York. That will be 12 hours different from SG, 2.15am...we sound asleep, dun wait, see news tomolo

 

What time is the announcement?