Broad selloff sends KLCI near 1,600 as ringgit weakest since 1998

KUALA LUMPUR: Asian market and currencies skidded on Wednesday, with the FBM KLCI almost close to the crucial 1,600 level in a broad selloff as the ringgit fell past the 4.000 level to the US dollar.

The ringgit ended at 4.0275 to the US dollar – weakest since 1998 -- while most Asian currencies fell after the unexpected depreciation of the yuan.

URL: http://www.thestar.com.my/Business/Busines...KLCI/?style=biz

Depending on how we look at it, this is either a very good year for investment or a very bad year for investment.

Every share market is being hit. So what would be your investment strategy in this volatile time? Care to share?

CIMB GTF edges all time yesterday with NAV @ 0.8679

KLCI @ 1500 pts coming soon end of the month

China devalued RMB again today:

The People's Bank of China set the yuan fixing at 6.3306 against the U.S. dollar on Wednesday, 1.6 percent weaker than the previous day's level.

URL: http://finance.yahoo.com/news/wall-street-...-093543936.html

again

Gold: Will Price Dip Below $1,000 If Fed Hikes Rates?

Five Factors that Could Drive Gold and Silver…Lower or Higher

Gold and silver prices have fallen considerably from their 2011 highs. Silver peaked at nearly $50 per ounce and now trades below $20. Gold topped out at about $1,900 an ounce and is currently close to $1,200. Both metals are not only trading far below their peaks, but also their inflation-adjusted highs set in 1980 (Figures 1 and 2). This gives a sense of the scale of their downside and upside potential.

Read more: http://www.cmegroup.com/education/featured...ikes-rates.html

Oil-Gold Ratio: Dial Down Deflation Concerns

Comparing the relative value of two high profile commodities can often reveal interesting insights.

Our analysis of the oil-gold relative price suggests that worries of deflation may be overdone and confirms our view that the oil price collapse may be more reflective of the production boom than consumption trends.

In recent months, the exchange rate between gold and oil has experienced a very strong move, bringing the oil-gold ratio (the number of barrels of oil needed to purchase one ounce of gold) to near record highs (Figure 1). Since June, the number of barrels of WTI required to purchase one ounce of gold has more than doubled from 12.5 to 28 as oil prices plunged in dollar terms, while gold prices held relatively steady (Figure 2). During the past 30 years, the oil-gold ratio has averaged about 16 barrels of oil for one ounce of gold. That said, the oil-gold ratio is not yet at historical extremes: it achieved 28.25 in February 2009 and rose to over 30 during the 1985-86 slump in oil prices. While this recent run-up in the oil-gold ratio has been driven by the drop in the oil price, it is interesting to examine these two commodities together to appreciate what they may be telling us about the future of the global economy.

More: http://www.cmegroup.com/education/featured...e-dynamics.html

FSM is sharing.....
3 Tips for Investing in Volatile Markets .....August 6, 2015
http://www.fundsupermart.com.my/main/resea...?articleNo=6142

Navigating Uncertainty.....06 August 2015,
https://secure.fundsupermart.com/main/resea...SJBlog_20150806

This post has been edited by T231H: Aug 12 2015, 07:28 PM

Who is holding KGF:

Kenanga Growth Fund | 0.9767 | -0.0287

This post has been edited by David83: Aug 12 2015, 07:48 PM

I got KGF....now ROI +0.34....
expected it to be negatives from Today KLCI drops

Time to buy some

wait for Merdeka Promo

Yes.....but then there are other region/countries with more attractive valuations-wor

Wait after BERSIH 4.0

Me.... and I no eye see... bought 2 3 months ago....

My EI small cap at -9%

This post has been edited by IvanWong1989: Aug 12 2015, 08:11 PM

if u guys wanna top up, i suggest u wait for klci 1550 or 1500.

avoid those investing heavily related with commodity as the prices are plunging. especially oil, iran is pumping more oil as sanction are lifted in stages.

also avoid china related, as u can see, they put stimulus, lower rates, easier bank reserve requirements, non can put the economy back up.

maybe its time to re-evaluate things. just my 2 cents.

IMF welcomes China's new currency valuation mechanism
•12 Aug 2015 at 16:42
http://www.bangkokpost.com/news/asia/65320...ation-mechanism

DJIA n major Europe bourse down now

just saw this....
When the stock bubble burst, did it take the rest of China with it?
By Wade Shepard...August 11, 2015
http://blogs.reuters.com/great-debate/2015...-china-with-it/