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STI to cross 3000 boosted by long-term investors
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risktaker
Supreme |
28-Aug-2015 12:57
Yells: "Posts are opinions. Do not take it as investment advise " |
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x 0 Alert Admin |
my friend told me to buy good producing gold miners... reason being what under the ground is worth alot more....
ok i am going to go there next week new bridge road is close..
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susannair
Member |
28-Aug-2015 12:56
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SGX Market forecast today: STI is to take side ways trend with positive sentiments. It has broken the resistance of 2920. Its next resistance is at 2970, if breaks this level it is expected to go up to level of 3000, it has its support at 2904. However, market sentiment still remains bearish as they did not find China&rsquo s rate cut sufficient to control the global meltdown due to slowing growth of Chinese economy. |
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fernvale
Master |
28-Aug-2015 12:54
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Ya la. Can buy or sell at these places
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risktaker
Supreme |
28-Aug-2015 12:52
Yells: "Posts are opinions. Do not take it as investment advise " |
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i want to buy not sell.... lol...
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WanSiTong
Supreme |
28-Aug-2015 12:32
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Precious Gold eyes worst week in five as strong US data fuels Fed hike viewMANILA (Aug 28): Gold was stuck near recent lows on Friday and was on track to post its biggest weekly drop in five as strong US economic data backed the case for a near-term increase in interest rates. A looming US rate hike has dimmed the appeal of non-interest bearing assets as gold, which may explain the fall in the metal from a recent seven-week high even as global equities tumbled on fears over a slowing Chinese economy. The upward revision in US economic growth in the second quarter to 3.7% from the initial estimate of 2.3% spurred market expectations that the Federal Reserve could still raise rates this year despite the market turmoil. Spot gold was up 0.4% at $ 1,129.60 an ounce by 0226 GMT, but down almost 3% for the week. The metal touched a one-week low of $ 1,117.35 on Wednesday and has lost more than 3% since hitting a seven-week top on Aug 21. The robust second-quarter GDP, along with recent strong housing and manufacturing data, will likely prod the Fed to raise interest rates next month, said INTL FCStone analyst Edward Meir. " For all the talk of market turmoil, it is important to note that the Fed does not typically look at overseas developments to make its rate decision and we do not think this time will be any different," Meir said in a note. " We are therefore in the minority camp calling for a 25 basis point rate increase next month, with the odds of a hike improving even more should equity markets recover a good portion of their losses by then. This should be a net negative for gold, yet another reason for us to view the complex more bearishly short-term. " US gold for December delivery edged up 0.6% to $ 1,129.20 an ounce. Concerns over a possible US rate increase may have sparked a global stock market rout rather than the devaluation of China' s yuan, said Yao Yudong, head of the bank' s Research Institute of Finance and Banking. Yao said the Fed should delay any rate hike to give fragile emerging market economies time to prepare. Holdings of SPDR Gold Trust, the world' s largest gold-backed exchange-traded fund, stood at 21.95 million ounces on Thursday, the highest in five weeks. Spot silver was steady at $ 14.48 an ounce, having fallen to a six-year trough of $ 13.93 on Wednesday. Silver has dropped more than 5% this week, its steepest such decline since February. Palladium climbed 3% to $ 576.50 an ounce, extending Thursday' s 5% rebound from five-year lows. Platinum rose 0.7% to $ 1,008.20. |
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fernvale
Master |
28-Aug-2015 12:30
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U chk the other thread "gold shooting up" Bigmama posted in there another seller
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WanSiTong
Supreme |
28-Aug-2015 12:28
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Update Oil markets extend gains after biggest daily climb in 6 yrsAugust 28, 2015 : 12:16 PM SEOUL (Aug 28): Crude oil futures rose on Friday, adding to their biggest one-day rally in over six years the day before, led by recovering equity markets and news of diminished crude supplies. US crude are on track for their first weekly gains in 11 weeks, ending the longest losing streak since 1986. Brent crude is set for its first weekly gain in two weeks. Asian shares extended a global rally on Friday after upbeat US economic data calmed sentiment, with Chinese stocks jumping for the second day following a rocky start to the week. October Brent crude was up 24 cents at $ 47.80 per barrel as of 0404 GMT. It settled $ 4.42 higher at $ 47.56 per barrel in the previous session. US crude was 37 cents higher at $ 42.93 per barrel, after ending up $ 3.96 at $ 42.56 per barrel. " A short covering rally, led by crude oil pushed commodities higher across the board. Better than expected US GDP numbers was the main spark, although the force majeure on BP' s exports from Nigeria extended the gains," ANZ said in a note on Friday. " The recovery in commodity prices looks fragile with concerns over China' s growth still weighing on market activity." The US economy grew faster than initially thought in the second quarter on solid domestic demand. Gross domestic product expanded at a 3.7% annual pace instead of the 2.3% rate reported last month, the Commerce Department said on Thursday in its second GDP estimate for the April-June period. Shell' s Nigerian unit, Shell Petroleum Development Company (SPDC), declared force majeure on Bonny Light crude oil exports on Thursday after shutting down two key pipelines in the country due to a leak and theft. BMI Research, part of the Fitch ratings agency, said: " the renewed weakness in Brent is overdone from a fundamental perspective and due to recover into the US $ 50.00-60.00 / bbl range within the coming months ... With the next long-term line of support around USD35.00 / bbl, explore the potential catalysts for a move lower in Brent. " China' s falling auto sales have been at the forefront of concerns that its economy is slowing much faster than expected, weighing on oil prices. Venezuela has been contacting other members of the Organization of the Petroleum Exporting Countries (OPEC), pushing for an emergency meeting with Russia to come up with a plan to stop the global oil price rout, the Wall Street Journal reported. |
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fernvale
Master |
28-Aug-2015 12:28
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I bot fr uob. My fren recommend me goldbuyers.com.sg....but I nvr buy there yet. Go for bullion, not paper. Dbs, ocbc, I think no sell. Bigmama gold expert in this forum. Now I think I want to store silver bar oso. Big bro shoot, small bro sure follow
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WanSiTong
Supreme |
28-Aug-2015 12:26
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China Focus China' s yuan up sharply on central bank intervention but derivatives stabiliseAugust 28, 2015 : 12:08 PM SHANGHAI (Aug 28): China' s yuan rose sharply against the dollar on Friday, with traders citing large transactions by state-owned banks on behalf of the central bank to support the currency. " There were clear signs that the central bank was continuing intervening in spot trading to support the yuan," said a dealer at a major European bank in Shanghai. " However, unlike yesterday, there appeared no more central bank intervention in the derivative markets today, allowing the forwards prices to stabilise." Spot market trading in the yuan opened at 6.3930 per dollar and it was changing hands at 6.3909 by late morning, strengthening 0.23% from the previous close. In addition to the trading intervention, the People' s Bank of China (PBOC) also set the midpoint rate at 6.3986 per dollar prior to the market open, 0.15% firmer than the previous fix of 6.4085. Onshore one-year yuan / dollar deliverable forwards were quoted at 6.5160, firming only slightly from Thursday' s close of 6.5208. In a rare move, the PBOC also intervened in yuan derivatives markets on Thursday to push down the implied discount of the yuan' s value in the future against its current value to reduce market expectations of further yuan depreciation, traders said earlier. China' s monetary authorities have been so surprised by the global reaction to its abrupt currency devaluation in mid-August that they are likely to keep the yuan on a tight leash in the near-term to head off a currency war that could spark a broader financial crisis , policy insiders say. The central bank has stepped up intervention in yuan trading, ordering state banks to buy yuan at designated rates on behalf of the monetary authorities, among other emergency measures, banking sources have told Reuters. " It appears the government has reversed its strategy," said a trader at an Asian bank in Shanghai. " The market now expects the PBOC to continue intervening to keep the yuan relatively stable at least in the near term." Thanks to such intervention, the yuan is set to remain stable for the week if it closes around the morning level, traders said. Still, many traders said they believed the currency was facing downward pressure amid fears of a sharp slowdown of the world' s second-largest economy, which could spur further interst rate cuts and capital outflows. As a sign of such expectations. The offshore yuan was trading 0.96 per cent weaker than the onshore spot at 6.453 per dollar on Friday morning. |
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WanSiTong
Supreme |
28-Aug-2015 12:21
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China Focus China eases foreign purchase rules for property after yuan devaluationAugust 28, 2015 : 11:52 AM BEIJING (Aug 28): China loosened restrictions on foreign investment in real estate after the yuan' s depreciation reduced the appeal of Chinese property assets. Overseas companies' Chinese units and foreign nationals working and living in China can buy properties for their own use that meet " real needs," Chinese authorities including the Ministry of Commerce said in a joint statement. Requirements that foreign investors should have paid their registered capital in full before borrowing local loans are removed, according to the statement, dated Aug 19. The Shanghai Stock Exchange Property Index, which tracks 24 developers listed on the city' s exchange, gained 4% t as of 10.36 am local time, while the benchmark Shanghai Composite Index added 2.2%. Greenland Holdings, China' s largest developer by sales, jumped 5.7% , the most in almost two weeks. The move came as China' s first major devaluation since 1994 this month made inbound investments, already damped by high property prices and a weakening growth outlook, " worthy of a careful pause," according to realtor Jones Lang LaSalle. The revisions to restrictions introduced in 2006 aim to ensure " stable and healthy" growth of the property market, according to the statement also jointly issued by the central bank. " It' s a substantial easing of restrictions on the central government level from the previous tightening, " said Liu Yuan, a Shanghai-based research director for Centaline Group, China' s biggest property agency." However, the actual impact might be small, as overseas buyers only make a microscopic proportion of China' s housing market. " Non-Chinese homebuyers accounted for 0.5% of existing-home transactions in Shanghai last year, according to Centaline. The government' s 2006 rule, imposed after rapid foreign property investment and home buying, banned foreign citizens living and working in China for less than a year from buying a home in the country. Foreign investors setting up a property company were required to have a registered capital no less than half of their total investments, if they exceeded US $ 10 million ($ 14 million). The growth in China' s property development investment slumped by almost 10 percentage points from a year earlier to 4.3% in the first seven months of this year as developers' confidence sagged, putting pressure on an economy that was already slowing. |
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WanSiTong
Supreme |
28-Aug-2015 12:17
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China Focus China stocks rise for second day as state buying seen continuingHONG KONG (Aug 28): China' s stocks rose for a second day amid speculation the government has resumed its intervention in the equities market. The Shanghai Composite Index climbed 1.4% to 3,125.45 at 9.34am, paring this week' s loss to 11%. The benchmark index rallied 5.3% on Thursday with all of the gains coming in the last 45 minutes of trading. PetroChina Co. (Financial Dashboard) led a rally for energy producers after crude futures soared 10% in New York on Thursday. The offshore yuan rose after the central bank boosted the currency' s reference rate by the most in five months. " There is a lot of talk of state-linked funds purchasing stocks and helping the market," said Gerry Alfonso, a Shanghai sales trader at Shenwan Hongyuan Group Co. " After the massive correction earlier in the week, investors are apparently starting to realize that the drop was overdone. " Policy makers want to stabilise equities before a Sept 3 military parade celebrating the 70th anniversary of the World War II victory over Japan, said two of the people, who asked not to be identified because the move was not publicly announced. The shift followed the absence of state buying earlier this week. The intervention to prop up shares is part of a broader effort to ensure nothing detracts from the parade, an event the government will use to demonstrate its rising military and political might. The parade has been planned for months and will provide President Xi Jinping his first opportunity to publicly present himself to the world as China' s commander in chief. The Shanghai Composite has fallen 40% since the June peak amid concern the government has scaled back efforts to prop up equities and the deepning economic slowdown will hurt corporate profits. Data on Friday showed industrial companies' profits slid for a second month, dropping 2.9% in July. Government Support China Securities Finance may have applied for 1.4 trillion yuan ($ 306 billion) of borrowing in the interbank market, Caixin reported, citing unidentified bank officials. The government should adopt a proactive fiscal policy and further ease monetary policy, the Economic Daily wrote in a front -page commentary. The People' s Bank of China announced a cut in interest rates for a fifth time since November and lowered reserve-requirement ratios for lenders earlier this week. The Hang Seng China Enterprises Index climbed 1.8%, while the Hang Seng Index rose 1.6%. The CSI 300 Index advanced 1.3%, led by rallies of more than 3% for energy and industrial companies. PetroChina, China' s biggest oil and gas producer, surged 3.4% even after it reported a 63% slump in first-half income. Oil headed for the biggest weekly advance since April after the largest one-day jump in six years as the US economy expanded more than predicted. Industrial & Commercial Bank of China dropped 1.4% after reporting zero profit growth amid a buildup in bad loans. Stocks on mainland bourses traded at a median 49 times reported earnings on Thursday, according to data compiled by Bloomberg. That' s the most among the 10 largest markets and more than three times the 18 multiple for the Standard & Poor' s 500 Index. The People' s Bank of China raised the yuan reference rate by 0.15% to 6.3986 per US dollar on Friday morning, the most since March. |
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risktaker
Supreme |
28-Aug-2015 12:13
Yells: "Posts are opinions. Do not take it as investment advise " |
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bro where do u buy gold bar? i want physical gold bar? saw UOB selling anyone know does DBS sell gold bar? | ||||||||||||
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fernvale
Master |
28-Aug-2015 12:06
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Bro, u sell gold or trader? Im super super long gold since 1971. Gold is artificial suppress. When will shoot up? Any1 guess
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stevenlim109
Master |
28-Aug-2015 11:47
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https://www.youtube.com/watch?v=HdI8aD53C3A Everyone please watch this if u want to know whats going on in US right now |
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stevenlim109
Master |
28-Aug-2015 10:37
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Gold Bullion: These Three Players Bought 50% of 2Q15 Production By Michael Lombardi, MBA &bull Wednesday, August 26, 2015
 When there&rsquo s too much uncertainty about an asset class, like there is today with gold bullion prices, I go back to the basic economics of supply and demand. For prices to rise for any asset, you want to see demand increasing and supply remaining the same or even declining.
Gold Bullion Demand SoaringOn the demand side, when it comes to gold bullion, I follow three heavyweights: China, India, and the world central banks. Low precious metal prices certainly haven&rsquo t discouraged these buyers from accumulating even more gold. World central banks purchased 137 tonnes of gold bullion in the second quarter of 2015, making them net buyers of gold for 18 consecutive quarters now. (Source: World Gold Council, August 13, 2014.) India and China combined took in 371 tonnes of the yellow metal in the second quarter. These three major players bought 508 tonnes of gold in the second quarter. Total supply of gold bullion for the quarter was 1,032.6 tonnes China, India, and the central banks purchased about 50% of all the gold produced in the second quarter of 2015! Just a couple of weeks ago, we saw the People&rsquo s Bank of China devalue its currency three times over three consecutive days. These actions caused a significant impact in the currency markets of the Asia Pacific and Indian subcontinent regions I think gold bullion demand will rise further because of it. Gold-Producing Regions Cut SupplyOn the supply side of the gold equation, major gold-producing regions are reporting weaker and weaker supply. Take U.S. gold mine production as one example. In the first five months of 2015, mine output in the U.S. economy was 76,900 kilograms (kg). (Source: U.S. Geological Survey, last accessed August 19, 2015.) That&rsquo s down 10% from the first five months of 2014. (Source: U.S. Geological Survey, last accessed August 19, 2015.) Gold production in South Africa is in ruins. See the table below. It shows the year-over-year change in the production of gold in South Africa for the five months between January and May of 2015 (the only data available). South Africa Year-Over-Year Change
Data source: Statistics South Africa, last accessed August 19, 2015. Have Gold Prices Bottomed?After making lows in late July, gold prices have stabilized. Does this mean we have hit the bottom? I&rsquo m not sure. There continues to be a significant amount of negativity towards the metal. Irrationality may take it lower. But that doesn&rsquo t matter to me, as I know it&rsquo s impossible to predict a bottom in any declining market. But I&rsquo d much rather buy now at these prices than risk not seeing this opportunity again. On a fundamental perspective, I believe the supply/demand situation for gold bullion is setting up smart and patient investors for massive rewards. |
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stevenlim109
Master |
28-Aug-2015 10:26
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Ron Paul: Federal Reserve is &ldquo 99%&rdquo Responsible for Stock Market Crash By Robert Baillieul, B. Comm. &bull Thursday, August 27, 2015
Congress and the Federal Reserve have created a massive stock market bubble that risks plunging the world into a complete economic collapse in 2016. At least, that&rsquo s the opinion of former Congressman Ron Paul. &ldquo Socialism fails always because you have wage and price controls,&rdquo the three-time presidential candidate explained to Newsmax on Tuesday. &ldquo But we in the West have control of the economy and economic planning by pricing money.&rdquo (Source: Ron Paul: Federal Reserve, Congress to Blame for Market Bubble, August 26, 2015.) &ldquo One-half of the economy, which is the money, is fixed so you have currency transactions and currency competition and then you have the supply of money and interest rates, and it&rsquo s a gross distortion because people have been fooled into thinking they&rsquo re saving.&rdquo In his conversation with The Hard Line host Ed Berliner, Paul argued the Federal Reserve and Congress are responsible for &ldquo 99%&rdquo of the recent volatility in the stock market. The central bank&rsquo s distortion of interest rates creates bubbles in financial markets while excessive regulations from the government hold back growth. The combination is toxic for investors. &ldquo You know it&rsquo s there because the Federal Reserve creates the bubbles, and many times on purpose,&rdquo Paul explained. &ldquo They go from NASDAQ bubbles to housing bubbles to whatever they need to bail out the economy.&rdquo To avoid the consequences of its actions, the Fed is prone to creating new bubbles and delaying the day of reckoning further. But, as Paul explains, the economic planners in Washington would be better off if they simply allowed the market to correct itself and carry out the liquidation of debt. How will it all play out? Paul remains &ldquo very concerned&rdquo about the gross distortions throughout the economy, particularly in the bond market. &ldquo We&rsquo re still at zero percent [interest rates],&rdquo he explained to Berliner. &ldquo Eventually, the people will reject this and already you see some companies and debt like in Greece and some of our own municipalities turn sovereign debt, government debt, into junk and that eventually will happen.&rdquo &ldquo That will be the Big One,&rdquo he added. &ldquo That will play havoc&rdquo on investors and the U.S. economy. |
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stevenlim109
Master |
28-Aug-2015 10:22
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Stock Market Crash: Americans Haven&rsquo t Been This Worried Since 2009By Robert Baillieul, B. Comm. &bull Thursday, August 27, 2015
 China&rsquo s stock market crash has left the global financial system teetering on the verge of a meltdown, and it has the folks on Main Street worried.
According to Google Trends, Americans are searching more for &ldquo economic collapse&rdquo now than at any point since the last crash. U.S. search traffic for the term hit a record high in August, a remarkable feat considering we&rsquo re only three-quarters of the way through the month. (Source: Google Trends: Economic Collapse, last accessed August 26, 2015.) Google doesn&rsquo t release absolute search volume for the term. However, we do know queries increased significantly in July, right around the same time stock markets in China began plunging. Source: Google Trends
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risktaker
Supreme |
28-Aug-2015 10:14
Yells: "Posts are opinions. Do not take it as investment advise " |
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strongly agreed...
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risktaker
Supreme |
28-Aug-2015 10:09
Yells: "Posts are opinions. Do not take it as investment advise " |
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US futures dropping... | ||||||||||||
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FearValueGreed
Master |
28-Aug-2015 09:18
Yells: "Long Term Timing X Capital = Well Deserved Payout" |
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STI closing all the gaps, then 2500.
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