This is a sign of bullish ! We need to watch tomorrow if the trend continued.
Tuesday, May 12, 2009
Monday, May 11, 2009
9:45 am - Market Outlook by Bill Wermine
Dear Traders,
I would like to thank all of you for your support at our Gold Conference today. It was a rousing success ! We had a full house and ran out of chairs.
For those who were unable to attend. Let me give you a recap.
First Speaker: Pong Teng Siew, head of research of Jupiter Securities shared his views on the US Dollar which is inversly correlated with gold. He showed a recent Bloomberg chart showing a gradual exodus by central banks from the US Dollar- something that has not happened for over 50 years.
He showed a chart of centralbank holdings of physical gold. China is dramaticlly increasing their physical gold holdings and cutting back on US T bonds.
These are real numbers and real charts: Charts are the truth and the truth is that world investors are losing confidence in Obama and his socialist agenda.
He is long term bullish on commodities and gold as well as CPO.
Mr Pong in my opinion is one of the few objective equity analysts in Malaysia who takes a big picture world approach.
His rates at Jupiter On Line are 0.05 % the cheapest in Malaysia. To tap into his research all you need to do is open an on line account with Jupiter- call 03 2034 1888 and ask for Julian.
His team also gives 2 or 3 hot share recommendations every day with entry and risk levels for quick trades.
Second Speaker: Goh Aik Leong Director of Deutsch Bank Asset Management in Singapore. He presented the case for gold equities. His fund,Am Precious metals deals only in high quality blue chip gold mining companies. His is the only precious metals fund available in Malaysia.
He made the case that gold mining shares are undervalued by 30 % to the gold price a have been recovering due to the world equity rally. If you hold a gold mining share unit trust you participate in the rise of the gold price as well as the sales and earnings of gold mining companies. as well as dividends. Leverage to gold is at least 2 to 1.
Third Speaker: Martin Wong Futures Broker with CIMB shared the technical outlook for gold. He spotted the inverse head and shoulders pattern projecting a rally to USD 1200 per ounce should the USD 1000 level break. He also shared his powerful backtested system for timing which works for physical gold, Am Precious Metal Fund and Futures Gold.
It is a moving average crossover system- on the weekly chart using the 10 and 50 SMA. Buy and sell the golden cross.
Call him for info on this as well as CPO/ CI Futures. 012 207 8633
Fourth Speaker: Isna, Director of Phillip Mutual- if you wish to subscribe to Am Precious Metals give her a call at 03 2783 0300
Minimum investment is only RM 1000. Less than the cost of a good camera or suit of cloths and guess what you have a growing asset as well as a hedge against inflation
I was the MC of the event and showed my Roman gold coin which was minted at the time of Ceaser. At that time you could buy a horse with that coin. 2000 years later you could sell the coin to a dealer and with the proceeds buy a fast horse.
This is proof that gold is a store of value and should continue to be. Paper currencies are doomed to lose value.
We also shared info on the gold scams going around Malaysia. If it is offshore, over the internet, and looks too good to be true
avoid at all costs. You will be fleeced like the lamb.
Only deal with licensed brokers or banks. or established gold dealers. Also avoid individual gold mining companies especially the smaller ones. Many are run by crooks, scam artists. Only deal with a well established gold unit trust such as Am Precious metals.
If you have any questions on any gold investment, I am happy to answer them and can run them through the Phillip Securities Compliance Arm. This might save you from substantial losses.
Weekly chart of Comex Gold showing accumulation by smart money and reverse head and shoulders with Martin's golden cross system which recently triggered long.
Have a good week
Bill
I would like to thank all of you for your support at our Gold Conference today. It was a rousing success ! We had a full house and ran out of chairs.
For those who were unable to attend. Let me give you a recap.
First Speaker: Pong Teng Siew, head of research of Jupiter Securities shared his views on the US Dollar which is inversly correlated with gold. He showed a recent Bloomberg chart showing a gradual exodus by central banks from the US Dollar- something that has not happened for over 50 years.
He showed a chart of centralbank holdings of physical gold. China is dramaticlly increasing their physical gold holdings and cutting back on US T bonds.
These are real numbers and real charts: Charts are the truth and the truth is that world investors are losing confidence in Obama and his socialist agenda.
He is long term bullish on commodities and gold as well as CPO.
Mr Pong in my opinion is one of the few objective equity analysts in Malaysia who takes a big picture world approach.
His rates at Jupiter On Line are 0.05 % the cheapest in Malaysia. To tap into his research all you need to do is open an on line account with Jupiter- call 03 2034 1888 and ask for Julian.
His team also gives 2 or 3 hot share recommendations every day with entry and risk levels for quick trades.
Second Speaker: Goh Aik Leong Director of Deutsch Bank Asset Management in Singapore. He presented the case for gold equities. His fund,Am Precious metals deals only in high quality blue chip gold mining companies. His is the only precious metals fund available in Malaysia.
He made the case that gold mining shares are undervalued by 30 % to the gold price a have been recovering due to the world equity rally. If you hold a gold mining share unit trust you participate in the rise of the gold price as well as the sales and earnings of gold mining companies. as well as dividends. Leverage to gold is at least 2 to 1.
Third Speaker: Martin Wong Futures Broker with CIMB shared the technical outlook for gold. He spotted the inverse head and shoulders pattern projecting a rally to USD 1200 per ounce should the USD 1000 level break. He also shared his powerful backtested system for timing which works for physical gold, Am Precious Metal Fund and Futures Gold.
It is a moving average crossover system- on the weekly chart using the 10 and 50 SMA. Buy and sell the golden cross.
Call him for info on this as well as CPO/ CI Futures. 012 207 8633
Fourth Speaker: Isna, Director of Phillip Mutual- if you wish to subscribe to Am Precious Metals give her a call at 03 2783 0300
Minimum investment is only RM 1000. Less than the cost of a good camera or suit of cloths and guess what you have a growing asset as well as a hedge against inflation
I was the MC of the event and showed my Roman gold coin which was minted at the time of Ceaser. At that time you could buy a horse with that coin. 2000 years later you could sell the coin to a dealer and with the proceeds buy a fast horse.
This is proof that gold is a store of value and should continue to be. Paper currencies are doomed to lose value.
We also shared info on the gold scams going around Malaysia. If it is offshore, over the internet, and looks too good to be true
avoid at all costs. You will be fleeced like the lamb.
Only deal with licensed brokers or banks. or established gold dealers. Also avoid individual gold mining companies especially the smaller ones. Many are run by crooks, scam artists. Only deal with a well established gold unit trust such as Am Precious metals.
If you have any questions on any gold investment, I am happy to answer them and can run them through the Phillip Securities Compliance Arm. This might save you from substantial losses.
Weekly chart of Comex Gold showing accumulation by smart money and reverse head and shoulders with Martin's golden cross system which recently triggered long.
Have a good week
Bill
Saturday, May 09, 2009
7:56 am - DJIA has broken out from a weekly basis !
That's why you have the talking heads from Bloomberg raving how bullish the market is and it is time to get in ! The bull run has not finished yet !
6:57 am - US Recovery on the way ???
By Rob Curran Of DOW JONES NEWSWIRES
Not even a $75-billion shortfall in bank capital and half a million job losses could deter stock buyerswhen the whiff of economic recovery was in the air.Major blue-chip indexes rose Friday to complete one of their best weeks in a two-month rally and the broadStandard & Poor's 500 finished within a hair's breadth of its highest mark of the year. The Dow JonesIndustrial Average rose 164.80 points, or 1.96%, to 8574.65, bringing its gains for the week to 4.4%,the biggest advance since the week ended March 27.
The broad Standard & Poor's 500 rose 21.84, or 2.41%,to 929.23, bringing its gains for the week to 5.9%. The S&P 500 is now up 2.9% for the year, and is within6 points of the closing peak of 935. The Nasdaq Composite rose 22.76, or 1.33%, to 1739.00 for its ninthconsecutive week of gains.Investors have detected an inflection point for the economy, and read the capital shortages exposed bythe government's stress tests as manageable in that environment. Bank stocks led the rally even afterthe government said late Thursday that 10 of 19 banks need a total of $74.6 billion in additional capitalfollowing a round of stress tests. The latest data to suggest the recession may be on the wane was theApril payrolls report, which showed fewer jobs were lost last month than in March.
"The most relevant factor is that there is a recovery under way, which basically overwhelms any otherpotential problems," said Lorenzo Di Mattia, manager of hedge fund Sibilla Global Fund. "Were we goingto have two more quarters of [-6%] in the GDP, there's no way the banks could handle that. Since we arenot going to have that, then they are fine."
"The system is leveraged...both ways," Di Mattia said. "So, in that regard, it seems like we are going to get everything but stability."Bank of America rose 66 cents, or 4.9%, to 14.17, bringing its gains to 63% on the week. The bank needsto raise nearly $34 billion after a government review of its assets and operations and filed for a follow-onYou can use this link on the day this article is published and the following day.-0-Copyright (c) 2009 Dow Jones & Company, Inc.
Not even a $75-billion shortfall in bank capital and half a million job losses could deter stock buyerswhen the whiff of economic recovery was in the air.Major blue-chip indexes rose Friday to complete one of their best weeks in a two-month rally and the broadStandard & Poor's 500 finished within a hair's breadth of its highest mark of the year. The Dow JonesIndustrial Average rose 164.80 points, or 1.96%, to 8574.65, bringing its gains for the week to 4.4%,the biggest advance since the week ended March 27.
The broad Standard & Poor's 500 rose 21.84, or 2.41%,to 929.23, bringing its gains for the week to 5.9%. The S&P 500 is now up 2.9% for the year, and is within6 points of the closing peak of 935. The Nasdaq Composite rose 22.76, or 1.33%, to 1739.00 for its ninthconsecutive week of gains.Investors have detected an inflection point for the economy, and read the capital shortages exposed bythe government's stress tests as manageable in that environment. Bank stocks led the rally even afterthe government said late Thursday that 10 of 19 banks need a total of $74.6 billion in additional capitalfollowing a round of stress tests. The latest data to suggest the recession may be on the wane was theApril payrolls report, which showed fewer jobs were lost last month than in March.
"The most relevant factor is that there is a recovery under way, which basically overwhelms any otherpotential problems," said Lorenzo Di Mattia, manager of hedge fund Sibilla Global Fund. "Were we goingto have two more quarters of [-6%] in the GDP, there's no way the banks could handle that. Since we arenot going to have that, then they are fine."
"The system is leveraged...both ways," Di Mattia said. "So, in that regard, it seems like we are going to get everything but stability."Bank of America rose 66 cents, or 4.9%, to 14.17, bringing its gains to 63% on the week. The bank needsto raise nearly $34 billion after a government review of its assets and operations and filed for a follow-onYou can use this link on the day this article is published and the following day.-0-Copyright (c) 2009 Dow Jones & Company, Inc.
Friday, May 08, 2009
11:06 am - Gold Conference for Sunday May 10, 2009 - 2 pm
Dear Traders,
Good News ! Pong Teng Siew, Head of Research for Jupiter Securities, who is a seasoned and famous analyst for KLSE equities and the world economy will speak at our gold conference.
He will explain the rational for investing in gold and how to protect your self against inflation. He will speak about Poh Kong Holdings and its relation to the gold market.
Time is 2 PM at Armada Hotel on Sunday. Be early to get a seat and you may register at the door.
Regards
Bill
Good News ! Pong Teng Siew, Head of Research for Jupiter Securities, who is a seasoned and famous analyst for KLSE equities and the world economy will speak at our gold conference.
He will explain the rational for investing in gold and how to protect your self against inflation. He will speak about Poh Kong Holdings and its relation to the gold market.
Time is 2 PM at Armada Hotel on Sunday. Be early to get a seat and you may register at the door.
Regards
Bill
Thursday, May 07, 2009
9:56 am - Gold Conference - This Sunday May 10, 2009
Dear Traders,
Attached is my latest article on commodities from Malaysian Business. It supports the bullish case for gold, the Australian Dollar and commodities.
Due to the emotions and greed stirred up the emerging commodity bull, I have added a new topic to our gold conference to be held on Sunday May 10 at the Armada, PJ. at 2 PM. (thank you for all who have registered- we are filling fast- come early to get a seat)
The topic is gold scams- including the Cash for Gold Scam, the E Gold scam, the dirt pile scam, the fake gold bar scam and the Nigerian Gold Scam.
If you wish to buy or sell gold you should attend this event- it could save you from financial ruin. The con men are out in force.
Have a good day
Bill
Attached is my latest article on commodities from Malaysian Business. It supports the bullish case for gold, the Australian Dollar and commodities.
Due to the emotions and greed stirred up the emerging commodity bull, I have added a new topic to our gold conference to be held on Sunday May 10 at the Armada, PJ. at 2 PM. (thank you for all who have registered- we are filling fast- come early to get a seat)
The topic is gold scams- including the Cash for Gold Scam, the E Gold scam, the dirt pile scam, the fake gold bar scam and the Nigerian Gold Scam.
If you wish to buy or sell gold you should attend this event- it could save you from financial ruin. The con men are out in force.
Have a good day
Bill
Wednesday, May 06, 2009
3:08 pm - FKLI gap up to wash all the short sellers and long buyers before heading higher !
FKLI broken 1020 resistance level !
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