Gold prices poised for a MONSTER rebound soon?

For centuries, gold has been recognized as one of the best ways to preserve one’s wealth and maintaining its purchasing power. Even in ancient times during the rule of the Egyptians and Greeks, gold served its purpose not only for its beauty but also for the function of being a means of exchange and also for its power to change one’s life. But as with anything that has any value attached to it, there will always be ups and downs in its price discovery mechanism. The Gold market has been relatively...

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VIEWS from ALPHA CHART - FBM KLCI...Finally, Clarity Is Clear!

It's been awhile since I last talked about market clarity I longed for; the good news is it has finally arrived, but unfortunately the news itself is bad! Taking cue from the technical readings of the market, the signals flashed actually point to...more market weakness over the medium to long term, amidst an on-going technical rebound now. This concludes that the current technical rebound represents a mere dead cat bounce...any precipitating end to this strength should be...

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World Must Cut Deficits, Not Rely on China: Wen

Chinese Premier Wen Jiabao, facing calls to widen support for indebted European countries, signaled that developed nations should cut deficits and open markets rather than rely on China to bail out the world economy.“Countries must first put their own houses in order,” Wen said today at the World Economic Forum in the Chinese city of Dalian. “Developed countries must take responsible fiscal and monetary policies. What is most important now is to prevent the further spread of the...

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China To Become New Economic Powerhouse in 2016?

China overtook Germany to become the world’s third largest economy in 2007 and three years later reached another milestone by overtaking Japan as the second largest economy in the world. Since then China was predicted to overtake the US as the world’s largest economy powerhouse around 2025 or 2030 the latest. Judging from how the China’s economy is growing there’s no doubt that it’s a matter of time before the country would achieve such an awesome milestone.But if the latest data posted on World...

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