175k.
so bullish day?

Unemployment is now 7.6% ....

Tick tock

Nearing the target to end qe

Tick tock

How will stocks react?

6.5 vs 7.6, needs another 15% increase.

UE percentage jump up, numbers were less than 200k.
That's means Fed not going to taper!

It's a BUY signal! Bulls win! Don't short!

short gold.

Oh yeah.. short that useless piece of metal. Risk mode back on.

Tell that at the gold investment thread, you will be shot upside down.

But i agree useless yellow metal.........

gold bug will tell you it is the only "real money" . It just temporary downside. All currency paper is toilet paper,

Reckon the rally will continue for 2-3 months?? With the continue money printing and low interest rate..

Another Concern = Nation Debt ceiling may hit limit in Sept. and its credit rating may downgrade again from AA+ to AA- by S& P or other credit
company in Oct ??

I did.. there's always two sides of the trade.

The gold bugs are actually in a LOT of pain. Anyone who bought since last year is still under water. The entire 2012 revenue is gone.
Those who bought stocks instead of gold in 2012 got as high as 20% in earnings. Those who bought physical gold actually could be losing -40% if they bought at the peak because they have to actually pay up to +20% for those physical gold bar and also have to pay a fee to store them.

IMO, Gold is not the investment after 2010 because the inflation fear is simply not there. Those who bought thinking Gold will hit $2000/oz are still dreaming.. when they hear this and they buy, this is when hedge funds will sell into them and hand them the big bag.

This post has been edited by danmooncake: Jun 8 2013, 12:02 AM

Not really.. stocks will either have to hit new high within a week or so or it will just trade around a range bound cycle for the next few months.
But now, the BUY signal is here.. we're moving up! Just buy the dip again and don't fight this trend.

Not worry about debt ceiling or useless credit ratings. After S&P downgrade, market went EVEN HIGHER!
Therefore there is very little thing they can do. Uncle Ben still in control of the market. He's flying in his helicopter giving out money.

In this market... bad econ numbers are good for market, and good numbers are bad for market.
Just move opposite side.. LOL!

This post has been edited by danmooncake: Jun 7 2013, 11:57 PM

Gold bug will always be gold bug

Yes, i got a friend that holds physical gold and consider paper currency as toilet paper too

But his entry point still ok lar. He got them around USD 1000. He still believe gold will go up

Hi,i am trading Malaysian stocks for the past 3 years, now wanna learn to trade us stocks..may i ask any1 using MBtrading??is it good??seems like the cheapest broker around..or are there any other recommendations?

I find MBTrading fees are very attractive (as low as $1 per 100 shrs) if you trade a lot and don't mind the less-than-stellar platform. But, the MBT Deskpro seems frustrating to use especially for charting. Not as powerful like ToS (ThinkorSwim). Options also cheap at MBT Deskpro. Options tools are limited but ok if you're just a normal trader.

One think I find lacking too is MBTrading execution is not that fast. Eg. If you manage to bid lowest price of the day, your low bid don't get executed until LOD is one pt below your bid. WTF?

ToS on TDA has no issue on this. I tested this when both I bid the same on two platforms, my ToS execution hits at the same time when LOD hits. MBT Pro bid just sit there.. as if nothing happens. I think MBT uses a very slow exchange and your bid is at the last part of the queue.

This post has been edited by danmooncake: Jun 10 2013, 12:42 AM

open green now red.
market doesn't like s&p's rating. always opposite direction.

Moving up...

back to touch red...
apple show starts...

no mentioned of retina on the new macbook air? damn! potong steam.

Still green-lah.. top: 450, low 442.. still ok mah.

I'll still seeing good support at 435 level..

Because I want to buy macbook air with retina display woh!

I'm considering to buy in actually, for long term investment purpose. What do you think?

This post has been edited by yok70: Jun 11 2013, 02:36 AM