Here we go again.

CPO is going to test the iron ceiling again! C'mon, just do it, like a man! No more wishy-washy move.

Chart missing from my previous post of "Take a Bite of the Apple"

It is now restored. Thousand apologies for the technical glitches. LOL!

Bill, Warren, & BYD. Najib & NYSE.

Sep 28 (WSJ) - The U.S. billionaire duo of investor Warren Buffett and Microsoft co-founder Bill Gates on Wednesday handed celebrity-level endorsement to Chinese auto maker BYD, in which Buffet’s investment firm has a nearly 10% stake.

The two Americans rode in a BYD van from behind a cloud of mist and onto the stage of a Beijing media event for the company, before giving lavish, if seemingly rehearsed, praise for the van.

“It was fantastic. I am amazed at the quality of that vehicle,” Gates said after exiting the van, called the M6.

Sept 28 (Bernama) - Prime Minister Datuk Seri Najib Tun Razak visited the New York Stock Exchange (NYSE) and rang the closing bell on Monday.

He had earlier held discussions with the bourse's top executives led by NYSE Euronet chief executive officer (CEO) Duncan Niederauer, on ways to assist Malaysian investors in securing access into the US capital market.

In a brief remark after signing the guest book, Najib said that he had proposed the hosting of a Malaysia Day at the bourse, to attract US investors into the Malaysian market as well as other markets in the Southeast Asia region.

He said Malaysia could be a gateway for US investors into the ASEAN market, which he described as one of the fastest growing, in Asia.

Morale of the stories : (1) Rich folks come to you when you have the right product. (2) Well, you know...

Take a Bite of the Apple

Recently, and finally Malaysia Telcos Digi and Maxis launched their Apple iPhone 4 packages to milk those smart phone maniac or rather Apple cult followers. With Apple's previous success of 3GS, the sales of 4 are just unstoppable globally as people generally believe the later product has to be better (I reserve my opinion on that, LOL!) Now take a look at its chart, and we get to understand how important "reinvention" is for a company to stay in business and why they are the King of smart phones business.

What's your problem, Mr. CPO?!!

Mr. CPO, you have probably failed an important swing up attempt so far this week! The longer you drag, slimmer the chance you can swing up for immediate term. Show me your true colour. Won't you?

FKLI, a swing down in the making. Sit tight, baby! LOL!

Interesting Week

Pretty interesting week it has been: new High for Gold, Soybean Oil broke out from its range, FKLI sharp correction on Thursday 23/Sep, and at the moment DJIA is trying to hit its 4-month high. What is lacking here? FCPO! FCPO has been behaving rather weird ever since it migrated to the CME Globex. Strong Ringgit Malaysia could be a key factor now holding back the FCPO. Currently it trades about RM3.10 to one US Dollar. Pretty strong level since many many yeart back (I still remeber in those free floating good old days it traded RM2.70 level to one US Dollar). Well, you and I can come out hundreds of reasons trying to explain the current dull price movement of FCPO, but it has got its own free will to move either direction. We can only wait for now, whether you are holding Long, Short or Nothing. LOL!

TechCrunch

If you are of IT Business sector and have not heard about TechCrunch, you are as good as a Malaysian stocks/futures trading blogger have not heard about Ginsing70! LOL!

John Keatley

Cap'n Crunch: Michael Arrington says his style is to “bust the door down and clean the mess up later.”

" alt="Cap'n Crunch: Michael Arrington says his style is to “bust the door down and clean the mess up later.”">

John Keatley

Cap'n Crunch: Michael Arrington says his style is to “bust the door down and clean the mess up later.”

TechCrunch, a San Francisco-based company that publishes the influential blog of the same name, started as a hobby. In 2005, Michael Arrington, a serial entrepreneur and former lawyer, was researching Silicon Valley start-ups and decided to post his findings online. Since then, TechCrunch, which draws about 9.2 million visitors a month and boasts annual revenue of about $10 million, has become the go-to source for breaking news about Internet start-ups and tech companies. Although TechCrunch has 25 full-time employees, Arrington, 40, still spends much of his time reporting and writing. On most days, he works remotely from his home near Seattle, in a cavelike home office. From morning until night, Arrington sits in darkness in front of his computer—blasting music, working his contacts, and focusing on what he loves best: breaking big stories.

2nd Review on Maoxian's SLV

Delicious!

As Flat as a Pancake

Check out this shorter time frame of Soybean Oil chart. My post title says it all! LOL! A little spookily boring actually, whether you are holding Long or Short position on this.

FA Point of View, on Gold

UniCredit has upgraded their target price for gold from $1,250 to $1,600 by the end of 2012. The reason for the upgrade is based on three powerful trends: the fear over “money printing” at the Fed (QE), the idea that the Euro sovereign debt crisis represents a condemnation of fiat money and increasing demand for gold from China.

...

“The Chinese government has encouraged consumers to invest in gold, and with great success. In the last 12 months, demand for gold totaled 532 tons. While jewelry demand is merely stagnating, investors are increasingly discovering the gold market. While as recently as 2008 only 17 tons of gold were purchased, in 2009 the figure was already 73 tons. In the last 12 months, demand was even 143 tons! Although China has evolved into the world’s largest gold producer in recent years, the annual production of most recently 330 tons is by no means sufficient to satisfy this demand.

China announced important gold market reforms at the beginning of August. Foreign companies are now permitted to offer their gold coins at the Shanghai Exchange, more banks are permitted to import gold from abroad, and more domestic, gold-based investment products are to be developed. As a result, demand of Chinese investors will increasingly be felt on the global market. But the Chinese government also has an ever greater interest in gold imports. In April 2009, China had reported an increase in its gold reserves from 19.29mn to 33.89mn troy ounces. Nevertheless, they are still at a very low 1.7% of the entire foreign exchange reserves. If China is targeting a gold reserve of, for example, 10%, it would have to purchase 6,130 tons of gold or 2.4 times global annual production. If China were to meet the demand only from domestic producers, it would take 19 years to achieve this objective. Since the gold market is per se only a very small market, further increases in the price of gold are pre-programmed.”

http://pragcap.com/3-trends-driving-gold-prices-higher

What is "Technical Buying"?

This piece of news should give you good insight.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Market Nuggets: Technical Buying Boosting Comex Gold

14 September 2010, 9:38 a.m.
By Allen Sykora
Of Kitco News
http://www.kitco.com/

(Kitco News)-- Technical buying is playing a big role in the rise for Comex gold, says Charles Nedoss, senior market strategist with Olympus Futures. December gold is $13.80 higher at $1,260.90 an ounce. The market held around support at the 20-day moving average on a pullback late last week. "Last night, we never took out yesterday's low. And we took out Friday's high. So we saw a little bit of stop-loss buying," Nedoss says. "And you're close enough to the new highs that you brought in fresh buying." The move suggests traders still want to get long in gold, he adds. "They are looking to buy the breaks (lower). I think the breaks are becoming less shallow."

By Allen Sykora, of Kitco News; asykora@kitco.com

Now It Gets Very Obvious

And the herds shall follow... LOL!

Gold Price Poised to Test New High - Part V

Here we go again, the weekly chart shows that it is still pressing on towards the all time high! LOL!

Message from a Cliff Hanger

"Time to pick some gold"??? Unbelievable even for me, for which I have been bullish on Gold for quite some time already!!! I believe there were better entries available. Or perhaps this guy is a cliff hanger, who likes to challenge the twin peaks? or maybe just a rational call on rising gold prices at this very moment on both cash and futures markets. LOL!
Nonetheless, if you are a breakout player, you should know where to look at. No kidding.

Now It Gets More Obvious

and it is not helping its cousin FCPO! LOL!

Guess Not!

Further to last nite's SO price actions, guess the US$42 was not convincingly broken yet. This shorter time frame price chart telling the story. LOL!

SoyBean Oil Taking Off!

Shorter time frame of SO prices are now piercing through the 42.00 resistance. This will set the bullish tone for tomorrow's FCPO market action. No kidding. LOL!

So you think FKLI is going down? Part IV

Proven with today market closing @ 1463.5 !! I feel good! LOL!

Review on Maoxian's SLV

Maoxian blogged about it on 26-Aug-2010:






















And this is how it looked like moment ago:


If you wanna learn, learn from the real pro. Never compromise. LOL!

Selamat Hari Raya Aidilfitri

Gold Price Poised to Test New High - Part IV

Look at the comments of Robin Griffiths on Gold. The title of the news might be misleading "Get Out of Gold and Stocks..", until you read the details "unless we hit the April high on the S&P 500 or 1265 on gold, both asset classes are set to make losses, ..."

No joke, this test of new high of gold is so significant on setting path of its future trend.

Gold Price Poised to Test New High - Part III

Another Viagra pattern on shorter time frame today. LOL!










While its weekly chart is on track to challenge its previous high!

Is it a Plane? Is it a Bird?

No.... It's FKLI! LOL!