Thursday, September 16, 2010

Malaysia Day

Yet another holiday - Malaysia is one of the country with many holidays, thanks to our multi-cultural backgrounds. And also, with many Indonesians, Burmase, Thais, Vietnamese, Africans etc etc invading our grounds here, many of their babies born here too. So they are fast becoming Malaysian minorities. Give another 20 years, we might have to declare more holidays to 'cater' for these new Malaysians!!! Yes, only in Malaysia ... as Malaysia kan boleh?

KLSE is closed today, DOW up another 50 points.

Genting Singapore : Breaking SGD2.00 today, reaching new high everyday. So, I think I will punt on its call-warrants. There are so many of them and I m choosing GenS-c5. Strike at SGD1.20, ratio 5:1, expiring 02.02.2011. It is in-money after today(KLCI closed). New high at 0.37, closed 0.365 yesterday. Yes, this is for short trade as it is risky. GenS in overbought region. Dont know why investors rushing in ... punters like me will go for CWs. It came up from 0.07 level to current 0.37 level in such short period of time. I will run(if lucky) after 15% profits. Will only willing to risk RM4k for this one. So, I will buy 10k units at 0.37-0.38 level, expecting it to fly again tmr.

Genting HK : This is traded in SGX and also HKSE. I m looking into both.

Zijin Mining (code : : The above is a monthly chart since its inception. From HKD0.50 to the high at HKD14+. At 5.95 currently. There are two huge corrections - one in OCT 2008(global market crashed) and another in July 2010(due to the bad news which I highlighted). PE around 20. Minimum purchase is 2k units.

Gold : There is a bull market in GOLD. Some said it could only go up, and might be bull for another few years!! It is reaching new high again ... any correction will be a good time to move in? I m looking at GLD, trading around 124 now. Anytime is a good time to buy into it IF you believe it will continue to bull ...

This is for investors who believe that GOLD is have a bull market. The monthly chart above taken from the starting point of the ETF in Nov 2004. It was traded at USD45 level. Today it is at USD124 level. Yeah, I know one may say it is too slow to get rich with this one but this is for INVESTORS who dont watch markets, and strongly believe gold could only head north and no one could see the limit(sky is the limit) at the moment. I m using monthly chart as it is not meant for trading. It is BUY-n-HOLD.

Another alternative could be buying a gold-mining stock but which one should we consider? There are so many stocks related to gold or minerals.

Description : taken from

SPDR Gold Trust (the Trust) is an investment trust. The Trust holds gold, and from time to time, issues SPDR Gold Shares (Shares) in Baskets, in exchange for deposits of gold and distributes gold in connection with redemptions of Baskets. A Basket equals a block of 100,000 Shares. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion. The sponsor of the Trust is World Gold Trust Services, LLC. BNY Mellon Asset Servicing, a division of The Bank of New York Mellon is the trustee of the Trust. HSBC Bank USA, N.A. serves as the custodian of the Trust’s gold.


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