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STI to cross 3000 boosted by long-term investors
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ecekca
Elite |
10-Jun-2016 20:25
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Enjoy
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Isolator
Supreme |
10-Jun-2016 18:44
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Enjoy the oil rally... | |||||||||||||||||||||||||||||||||||||||||||||||||
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WanSiTong
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10-Jun-2016 17:41
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Straits Times Index 2,822.97 -0.73% -20.83 
Singapore shares close lower on the day, higher for the week THE week kicked off on a firm note as markets around this region took their lead from Wall Street where " bad news is good news" ' was very much in prominence after stocks rallied following release of a shockingly weak May jobs report. In the federal funds futures market the implied probability of an interest rate hike at next week' s Federal Open Markets Committee (FOMC) meeting plunged from 30 per cent a fortnight ago to just 2 per cent on Monday on Friday, this fell to zero. Even so, and even with the implied probability of a July rate hike dropping from 50 per cent a few weeks ago to only 18 per cent now, stocks came under pressure in the latter half of the week. This was popularly known as " profit taking ' ' our preference is that once the short-covering was completed, it was time to resume shorting all over again. Whatever the case, the Straits Times Index managed a 13 points rise over the five days to 2,822.97, including a 20.83 points loss on Friday. It was the fourth consecutive weekly gain for the index. Liquidity, however, has been the biggest absentee. Friday' s total of 1.02 billion units worth S $ 919 million done was in line with recent weak averages. |
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Isolator
Supreme |
10-Jun-2016 16:14
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Long oil and enjoy.., | |||||||||||||||||||||||||||||||||||||||||||||||||
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WanSiTong
Supreme |
10-Jun-2016 16:10
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Asia markets end lower as dollar rebound weighs on commodities, oil Asia markets stumbled on the final trading day of the week, as a stronger dollar weighed on commodity prices, while Japan' s benchmark government bond yield hit a record low ahead of next week' s closely watched Bank of Japan meeting. Many analysts expect that after the Bank of Japan' s policy meeting ends next week on June 16, the central bank will likely announce further easing measures, which could include more purchases of JGBs. That could be spurring JGB buying from market players hoping to profit by reselling bonds to the central bank later. Oil ended three days of gains on Thursday, after a relatively stronger dollar likely led to profit-taking among investors, and crude prices continued the downward trend during Asian hours on Friday. But prices held above the psychologically key $ 50 level. As of 2:57 p.m. HK / SIN, the global benchmark Brent was down 0.92 percent at $ 51.47 a barrel while U.S. crude dropped 1.11 percent to $ 50.00 after falling 1.31 percent overnight. Asian Indexes
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Isolator
Supreme |
10-Jun-2016 10:26
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Reminder.... Gold going below 900... Oil go above 60.... Dow above 21k... Pennies rally up.... Enjoy... | |||||||||||||||||||||||||||||||||||||||||||||||||
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WanSiTong
Supreme |
10-Jun-2016 09:19
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Stocks To Watch NOL, Otto Marine, Atlantic Navigation, Terratech, Tritech, iX Biopharma, ISR Capital |
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WanSiTong
Supreme |
10-Jun-2016 09:17
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Asia stocks lower amid dollar rebound ASX down 1.1 pct, Nikkei down 0.8 pct Asia markets opened lower on the final trading day of the week, after a pullback in oil prices weighed U.S. stocks, snapping Wall Street' s three-day winning streak. In Australia, the ASX 200 was off by 1.14 percent in early trade, led by more than 1 percent declines in the financials, energy and materials sub-indexes as banks and resources producers came under pressure. Analysts said the decline was likely due to the hit that commodity prices took overnight as a result of the stronger dollar. Most commodity prices are denominated in dollars. Japan' s Nikkei 225 was off 0.78 percent as the yen maintained relative strength against the dollar. Across the Korean Strait, the Kospi was down 0.29 percent. Oil ended three days of gains after a relatively stronger dollar likely led to profit-taking among investors. But prices held above the psychologically key $ 50 level. Global benchmark Brent settled down 56 cents at $ 51.95 a barrel on Thursday, while U.S. crude slipped 67 cents to $ 50.56. Asian Indexes
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WanSiTong
Supreme |
10-Jun-2016 09:15
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Stocks close off lows but Dow, S & P still snap 3-day win streak U.S. stocks closed lower Thursday, amid a pullback in oil prices from multi-month highs and a decline in global benchmark yields. The Dow and S & P ended three-straight days of gains. " I think we' re back to trading crude oil with a lack of other things to trade," said JJ Kinahan, chief strategist at TD Ameritrade. U.S. crude oil futures snapped a three-day win streak to settle down 67 cents, or 1.31 percent, at $ 50.56 a barrel. WTI closed above $ 51 at its highest since July on Wednesday. " Oil stabilizing around $ 50 is really good for the markets. ... That helps stabilize emerging markets and is maybe a commentary on growth that recently demand is picking up," said Jeff Kravetz of the Private Client Reserve at U.S. Bank. " The picture in the U.S. is pretty good and I think that' s what' s driving capital and there' s plenty of liquidity out there looking for returns," he said. The major US indexes closed well off session lows Thursday, on pace to end the week higher after recent gains. On Wednesday, the Dow Jones industrial average closed above the psychologically key 18,000 level for the first time since April and the S & P 500 ended at its highest since July. " I do not think (the decline in stocks) is anything more than maybe a bit of profit-taking," said Robert Pavlik, chief market strategist at Boston Private Wealth. The S & P 500 remained within 1 percent of its 52-week intraday high, while the Dow Jones industrial average closed below the psychologically key 18,000 level but was about 1.1 percent below its 52-week intraday high. Utilities hit a fresh 52-week intraday high as the top advancer, while financials lagged. Read more.....Link |
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jlim777
Senior |
10-Jun-2016 08:53
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Anyone but Trump! That' s the message. See the CNBC news on Bilderberg secret meeting, this year meeting of most powerful persons to discuss Trump, Brexit and China. http://www.cnbc.com/2016/06/08/bilderberg-worlds-most-powerful-flock-to-annual-secret-meeting.html
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GorgeousOng
Supreme |
10-Jun-2016 08:11
Yells: "Hehehaha...enjoy life n live to the fullest..." |
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If him lagi big joke......
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risktaker
Supreme |
10-Jun-2016 07:49
Yells: "Posts are opinions. Do not take it as investment advise " |
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Bill Holter
For more than three years we have watched the COMEX very closely. The initial clue to begin watching were the waterfall events where the amounts of paper gold and silver sold simply dwarfed what was being mined. I have said many times after the smackdowns, "first, no one has this much (gold or silver), second, no trader would ever sell in this fashion and destroy the price he will receive for the sale. Clearly the sales were done to affect price downward". Each time I have written on this topic and suggested it would ultimately end with a delivery default I have been trolled. It looks very much like we will soon find out a default of delivery is not only possible but highly probable. Starting with gold, last month (May) saw 221,000 ounces stand for delivery. This amount actually grew during the month which is highly unusual as the amount standing has ALWAYS dropped during delivery periods, this is the first time to my knowledge that the amount standing actually increased. For comparison, May 2015 delivered only 2,500 ounces. Looking back at June of 2015, the amount standing on first notice day was 509,000 ounces. The final amount delivered was 295,000. As I have written and questioned before, who would fully fund their account 100% to take delivery ...and then "go away"? The answer of course is someone willing to accept a "premium" as a bribe to not take delivery. This June as you know does look to be quite interesting. The initial amount standing was 49.119 tons or over 1.5 million ounces. The amount dropped on day two by about 4 tons but has since gained back nearly all of it to stand at 49.11 tons. (If I am not mistaken, this month is the largest month of gold contracts ever standing for delivery.) Over 40 tons have already been served so we know these longs could not be persuaded to "go away". We have seen no evidence of delivery for March, April or May. If we add these together with June, we have 65.813 tons standing with only 51.12 tons of registered gold. My point is this, someone very real and very big is standing for gold. This "someone" would not be bribed to go away last month and does not look like they will go way this month! Who is this long who all of a sudden cannot be bribed to stand down? As you know, I have speculated the Chinese (and Russia) have been positioning themselves to abandon the dollar as the reserve currency. I theorized nearly two years ago it was the Chinese who held the long month after month and rolled them ...until they won't and then demand delivery. I still believe this is the case as the open interest in silver has stayed so high, only pockets as deep as a sovereign could have sustained the losses. It also needs to be said again, no market has ever seen open interest expand to all time record highs ...while the price was plumbing multi year lows. A reconciliation will come at some point, either open interest needs to be washed out or price skyrockets, one or the other. Looking specifically at silver, we have a true potential atomic bomb in the works for July. COMEX claims to have 22,482,000 ounces registered and available for deliver. This number is an ALL TIME low for "registered" ounces. To put this number in perspective, it is less than $400 million dollars and only about 10 days of global production. Also in perspective, customers have already withdrawn 12,244,000 ounces of silver in just the first 8 days of June! Finally, the real shocker is the July contract. First, the open interest for July of over 107,000 contracts is more than 50% of the entire open interest. This represents over 536 MILLION OUNCES! Do you realize this amounts to over 60% of total global production on just one bourse and in just one single month? Obviously there will not still be 536 million ounces standing for delivery by July 1st, but as it stands now there are contracts open to deliver 24 ounces for every 1 ounce registered for delivery. So, is a delivery default here and now in June or July? I am sure I will hear "they will never default, they will cash settle". "Cash settlement" IS default, please do not delude yourself into thinking it isn't. If you believe cash settlement is OK, what will you think AFTERWARDS when your cash will not buy metal? There is no way to tell if it is here and now but it certainly looks possible. Something has definitely changed. The longs of the past who would stand on first notice day only to mysteriously disappear during the delivery period seem to have changed or ...are now different entities. It is clear by looking at past deliveries and current inventories that COMEX is not meant to be a major delivery hub. It has been "used" to "price" gold even though very little real metal changed hands. I believe this is about to change as actual gold being traded will become the pricing mechanism. The about face in the price action over the last six months and now the amounts standing tell you something very big is afoot. We already know that physical metal has been moving from West to East for years. I believe we are about to find out the pricing mechanism itself is being moved from West to East. Stay tuned! |
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risktaker
Supreme |
10-Jun-2016 07:34
Yells: "Posts are opinions. Do not take it as investment advise " |
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道 法 自 然 会 上 就 会 下 。 上 的 多 下 的 也 会 很 多 。 记 得 不 要 贪 。 | |||||||||||||||||||||||||||||||||||||||||||||||||
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risktaker
Supreme |
10-Jun-2016 07:17
Yells: "Posts are opinions. Do not take it as investment advise " |
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Thats a big joke right...
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GorgeousOng
Supreme |
10-Jun-2016 02:02
Yells: "Hehehaha...enjoy life n live to the fullest..." |
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President Obama endorses Hillary Clinton for president: "I don?t think there?s ever been someone so qualified to hold this office." http://hrc.io/AreYouIn |
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Isolator
Supreme |
09-Jun-2016 23:25
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Long pennies oil China.., short gold... | |||||||||||||||||||||||||||||||||||||||||||||||||
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Isolator
Supreme |
09-Jun-2016 23:23
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Can long oil again... Enjoy.. | |||||||||||||||||||||||||||||||||||||||||||||||||
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Isolator
Supreme |
09-Jun-2016 19:16
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Dow will be above 20k..... Enjoy the rally.. | |||||||||||||||||||||||||||||||||||||||||||||||||
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WanSiTong
Supreme |
09-Jun-2016 17:43
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Straits Times Index 2,843.80 -0.65% -18.58
Singapore stocks close weaker as STI tracks Dow futures THE closure of Hong Kong for the Dragon Boat Festival on Thursday meant traders here were solely reliant on the Dow futures for direction. A fall in the latter meant the Straits Times Index lost 18.58 points at 2,843.80. Turnover dropped to 1.04 billion units worth S $ 913 million of which S $ 646 million or 71 per cent was done in the 30 STI components. Excluding warrants, there were 169 rises versus 213 falls in the whole market. The STI had risen for five straight sessions before Thursday, gaining about 72 points. A correction was therefore not surprising, according to traders. Structured warrants on the Hang Seng Index have frequently been the market' s most actively traded counters but this was not the case on Thursday because of Hong Kong' s closure. Energy counter AusGroup took top spot in the actives list when it gained S $ 0.006 at S $ 0.081 on volume of 95.4 million. Several other oil and shipping stocks were also active, among them Loyz Energy, Mermaid Maritime and Yangzijiang Shipbuilding. |
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WanSiTong
Supreme |
09-Jun-2016 16:56
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Futures lower as data, Draghi eyedU.S. stock index futures indicated a lower open on Thursday morning as traders eyed the morning' s release of data as well as comments from Mario Draghi, President of the European Central Bank. Dow future down 50 points. On the data front, initial claims are set to come out at 8:30 a.m. ET, with wholesale trade data due to be released at 10:00 a.m. An auction of $ 12 billion in 30-year bonds will also take place. In a wide ranging speech in Brussels on Thursday morning, Draghi said that structural reforms in the euro zone would be key and needed to be implemented without delay. Traders will also be watching the action in global bond markets, as the 10-year German Bund yield edges closer to zero and threatens to join its Japanese counterpart with negative yields. On the earnings front, JM Smucker and Vail Resorts are set to report before the bell. H & R Block and Mattress Firm are set to report after the bell. In oil markets, Brent crude traded at around $ 52.20 a barrel on Thursday morning, down 0.59 percent, while U.S. crude was at around $ 51.11, down 0.23 percent. The pan European Stoxx 600 Index was down by around 1.03 percent on Thursday morning. In Asia, Japan' s Nikkei closed 0.97 percent lower on Thursday. Markets in China were closed on Thursday. |
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