Michael Maloney: Where Are We In The Gold Cycle?
Michael Maloney is the author of “Guide to Investing in Gold and Silver”, part of Robert Kiyosaki’s “Rich Dad’s Advisors” series of books. Since 2005, he has been the precious metals investment advisor to Robert Kiyosaki, author of the most successful financial book in history, “Rich Dad, Poor Dad”. He has also had the privilege of interacting with influential government and economic leaders, such as Congressman and Presidential Candidate Ron Paul. In the below video, Michael Maloney examines where we are in the gold cycle, how far along are we……..
Source: GoldSilver.com
Disclaimer: Please be informed that the above mentioned stocks/indexes/investment instruments are solely for the purpose of education; it is NOT a recommendation or an invitation to trade/invest. For trading/investment advice, please speak to your remisier, dealer representative or financial adviser. Please understand that there is risk in every trade/investment venture, know your risk first before you venture into any of them.
4 People Have Something To Say Join In The Discussion!Marc Faber: U.S. Dollar Will Eventually Go to “Value of Zero”
Marc Faber, publisher of the Gloom, Boom & Doom Report, appeared on Bloomberg, stating his view on the inflation/deflation, strong and weak US dollar debate. According to him, during inflationary periods, the losers will be cash and treasury bond; the winners will be foreign currency, commodities and equities have some power to hedge inflation.
Source: Bloomberg
2 People Have Something To Say Join In The Discussion!Global Market Outlook For Week Beginning 26th October 2009
The 2700 resistance level has FINALLY been broken after as many as 5 attempts for STI. The magic number now is 2746. A successful breaching of 2746 will fuel STI with the necessary momentum to charge towards the 3000 mark before the close of 2009.
Shanghai Stock Exchange (SSE) seems to have broken out from the consolidation range of between 2600 and 3000. Based on the upside target projection, the next resistance will be around the early August high of 3478.
Coupled with the upward momentum of SSE, Hang Seng Index (HSI) charged through the high of 21,930 attained on 17thSept 2009 impressively. Going forwards, HSI should have enough strength to trend up towards the next ceiling of 23,300.
Kuala Lumpur Composite Index (KLCI) has rallied 52% from the low of 838 since early March this year. The next 2 resistance levels will be at 1276 and 1305 respectively. The immediate support for KLCI is at the 1241 level.
Jakarta Composite Index (JCI) has experienced a tremendous run-up of 106% since the low of 1244 attained in early March this year, making it one of the best performing market in Asia together with SSE and HSI!! The next ceiling for JCI will be much higher at 2774, provided that it can bulldozed through the high of 2559 achieved on 7th October 2009. It may retreat to the 2411 level if it were to experience any weakness or profit-taking.
In U.S., S&P 500 has been trading within a tight range after breaching the 1080 resistance level. Its immediate support will be at 1039 if it fails to trend higher. However, it may have a chance to touch 1168 if it can gather enough strength to rally from the current trading range.
NASDAQ has a half-hearted penetration of the 2167 level, after which it has been tiptoeing around this level for the past fortnights. It’s next resistance level will be at 2319 while 2040 will be its immediate support.
Dow Jones has been flirting with the magicial 10,000 level for the last 2 weeks as well. It may retreat to the 9630 support level. Technically, it has the potential to hit 10,642 if it can pull away from the 10,000 level successfully.
Personally, I am not particularly worried that the stock markets will have a drastic decline before we draw the curtain for 2009. I believe the party can still carry on because of the aggressive stimulus plans, bailouts, low global interest rates…etc. So let’s all enjoy the music, wine and food while the party is still on, but with the caution that we may have a significant correction next year at the back of our mind. If you guys think that this ugly Great Recession is already over, I urge you to think again seriously………
Cheers 
Disclaimer: Please be informed that the above mentioned stocks/indexes/investment instruments are solely for the purpose of education; it is NOT a recommendation or an invitation to trade/invest. For trading/investment advice, please speak to your remisier, dealer representative or financial adviser. Please understand that there is risk in every trade/investment venture, know your risk first before you venture into any of them.
Do You Have Something To Say? Add Your Comments Here!Jim Rogers Remains BULLISH For Commodities Sector
Legendary U.S. investor, Jim Rogers says a boom in commodities prices could last for quite some time, based on supply and demand. He made the comments in an exclusive interview with China Central Television on Tuesday after he was hired as a senior advisor to the Dalian Commodity Exchange. Rogers also says commodities will perform the best and will still be the best place to invest during the world economic recovery.
Although commodities have dropped significantly over the past year, Jim Rogers remains bullish for the overall sector. He says that demand for raw materials will outstrip supply for the next two decades, fueling an extended boom.
He says gold and silver will be a haven for investors when the problem of inflation worsens.
Rogers says current commodities prices have started to rebound due to rising demand. Major global economies are all turning to the commodities market. He expects China to play a bigger role. Jim Rogers said “China has been investing in commodities. So have other economies… The Chinese economy is a successful economy… I wish China would be rich enough to control all the markets like that.”
Rogers also praises China’s move to launch the Growth Enterprise Market Board, saying it’s a wise and right decision. Jim Rogers said “Anything a country can do to the capital market and raise capital for entrepreneurs are good for the country and entrepreneurs. China is doing a very wise thing. There will be some problems there. But there will also be some great success…”
Source: CCTV
Do You Have Something To Say? Add Your Comments Here!Gerald Celente-There Is NO Economic Recovery – Its A COVERUP!!
Gerald Celente, a trend expert, visionary, keynote speaker, is trusted worldwide as the foremost authority on forecasting, analyzing and tracking trends. Celente is the publisher of the Trends Journal® and author of Trends 2000 and Trend Tracking. He is on the record for accurately forecasting and naming the current “Great Recession”; for forecasting the 1987 Stock Market Crash, the Dot-com bust, Gold Bull Run to Begin, 2001 Recession, the Real Estate bubble, the “Panic of ‘08″, Tax Revolts, the coming “Greatest Depression” and many more social, economic, business, consumer and geopolitical trends…
Do You Have Something To Say? Add Your Comments Here!China Encourages Silver Bullion For Investment
China has introduced its first-ever investment opportunity for silver bullion. The bars are available in 500 grams, 1 kilogram, 2 kilograms and 5 kilograms with a purity of 99.9%.
Do You Have Something To Say? Add Your Comments Here!Robert Kiyosaki: Silver is My Number 1 Investment
Robert Kiyosaki, author of the international bestseller “Rich Dad, Poor Dad” and the latest “Rich Dad’s Conspiracy of The Rich” sits down for an exclusive interview with Dan Mangru of Newsmax TV. He tells Mangru why he feels Silver is his Number 1 investment; why socialism will make the middle class poor; why he likes real estate because of debt; effects of inflation and taxes; what he feels about Obama, Federal Reserve, fiat currency…etc.
2 People Have Something To Say Join In The Discussion!Global Market Outlook For Week Beginning 12th October 2009
2700 really proves to be a very tough resistance level for STI to crack, it has till now altogether tried 4 times unsuccessfully! It maybe attempting for the 5th time these coming weeks. If it can be broken, the next ceiling will be at 2746, the previous supports attained in Jan and March 2008. I am cautiously optimistic that STI will just have enough strength to hit 3000 before year end comes. We should see a substantial correction in coming 2010.
Trading for the China market has just resumed after a week long celebration of the 60th anniversary of PRC and the mid-Autumn festival. Shanghai Stock Exchange (SSE) will be trading and consolidating between the 2600 and 3000 level to provide a solid base for further uptrend continuation to retest the early August high of 3478. This current consolidation should be viewed as a pause in the long term uptrend rather than the start of a trend reversal for SSE.
Hang Seng Index (HSI) is now climbing towards the 21930 level attained on 17th Sept 209. It will have enough momentum to head towards the next 23300 and 26300 resistance levels if this 21930 ceiling can be penetrated. The immediate support for HSI is at the 21200 level.
In U.S., S&P 500 maybe testing the 1080 resistance level soon. If this can be accomplished, it will have enough strength to climb higher towards the next resistance level of 1168.
Technically, NASDAQ seems to be the stongest index among the 3 major U.S. indexes. It is now approaching the barrier of 2167 level. If it can power through this resistance level, it will have a good chance of testing the next ceiling of 2319.
If Dow Jones can break the 9918 level, it will face a very stubborn resistance at 10,000 level, about 100 points away. Personally, I believe this will be a very very DIFFICULT level to break through. Till now, Dow Jones is lagging behind the other 2 major US indexes, only rallying 53% from the March low, as compared to 71% for NASDAQ and 62% for S&P 500.
Personally, I feel that the global stock markets may have another 1 or 2 more upburst before they experience a substantial correction next year. I am quite sure that the double-dip recession will come next year, but how bad is it going to be, only time will tell. Let’s all enjoy this party, created by the excessive money pumped in by all the central banks in the world through bailouts and stimulus plans, while we can because next year we should see some very bumpy days ahead, maybe well into 2011. I have doubt that we have seen the worst of the financial meltdown triggered by the subprime mess YET 
Disclaimer: Please be informed that the above mentioned stocks/indexes/investment instruments are solely for the purpose of education; it is NOT a recommendation or an invitation to trade/invest. For trading/investment advice, please speak to your remisier, dealer representative or financial adviser. Please understand that there is risk in every trade/investment venture, know your risk first before you venture into any of them.
2 People Have Something To Say Join In The Discussion!China May Overtake Japan As The World’s 2nd Largest Economy in 2010
Currently, U.S. is the world’s largest economy, followed by Japan and China respectively in the 2nd and 3rd placing. Because of this financial crisis, economists point out that China may have a chance to overtake Japan as the world’s 2nd largest economy in 2010, 5 years ahead of what the experts have anticipated. With China slowly conquering Japan’s export market and a reduction in productivity due to the aging population, this will cause a further decline in the Japan’s economy. The outlook for Japan for the next 10 or 20 years maybe quite bleak. Look at the Nikkei 225 chart below, the index for Japan stock market is still way way below the highest level in the 1990’s because of the famous “lost decade”.
In the 80’s, Japan’s GDP had surpassed that of U.S. once but now, Japan’s GDP is only 75% of that of U.S. and it is ranked No. 19 in the whole world. Japan’s unemployment rate is at 5.7% currently. For the 1st quarter of 2009, Japan’s economy has contracted 11.7% y-o-y, 2nd quarter GDP has only managed a 2.3% growth. Economists predicted that the Japan’s economy may decline by 3% this year and expand by only 1% next year; whereas China’s GDP is fore-casted to grow 8% this year.
At this point of time, China’s net income per capita is not even 10% that of Japan, but China’s economy has already overtaken that of Japan in terms of other economical factors. In fact, the purchasing power of the Chinese has already surpassed that of the Japanese in 1992, it is expected to overtake that of the American in 2020.
Will China overtake U.S. as the world’s largest economy by the year 2020? It is highly possible. Maybe China’s renminbi will replace U.S. dollar as the new world reserve currency by then too. Only time will tell.
Cheers
Let’s All Help To Donate To The Disaster Relief For Padang Earthquake
Two-and-a-half year-old Hafizah Sasabilla’s face is all swollen – the result of being hit in the face by 2 huge concrete pieces which pinned her down.
My heart was SHATTERED when I saw these pictures, especially the 1st photo of the poor little girl!! At the same time, I saw advertisements promoting new property launch on the next page in the same paper. There are well-to-do folks rushing in to buy new properties in Singapore, Hong Kong…etc. at ridiculously high prices, yet we have people in Western Sumatra who have just lost their houses & do not even have a roof over their head, isn’t it IRONIC?!
If you wish to help to support the emergency relief and rehabilitation plans in Earthquake in Padang, West Sumatra, you can do so at the following websites below:
1) Singapore Red Cross : http://www.redcross.org.sg/Singapore-Red-Cross-Launches-Public-Appeals-for-survivors-of-Padang-earthquake-and-Typhoon-Ketsana.phtml
2) World Vision : http://www.worldvision.org.sg/st_sumatraeq.php
3) MayBank : http://info.maybank2u.com.sg/about-us/corporate-responsibility/detail.asp?page=red-cross
I have donated and done my little bit to help out, I hope all my friends out there can chip in as well to be a force for good in this messy world.
Thank you!! Cheers
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