The Weekly Review: Rally Is Not Over?

Seems like EUR/USD has gone bullish for the past few weeks. AUD/USD seems to be turning up. But will there be a surprise turn down?

US Stocks

Dow Jones Index continue to show strength with the refusal to move down. It is trying to break the resistance to a new high.

One stock which I missed out on earnings report other than Microsoft is Facebook. The stock opened up high when it had announced its earnings before the opening bell.

Singapore Stocks

STI is holding the fort on its support.

Noble Group. Is it low enough to enter?

The Weekly Review: Bank Runs

It is another volatile week for the currency pairs but JPY crosses remained strong. AUD/USD was trying to fight back up but was still pushed down. Will it break up for a correction?

US Stocks

Dow Jones Index had a good run from its correction as Ben's words again pushed markets higher.

And the biggest movers were the banks.

Singapore Stocks

STI still have a resistance.

Sembawang Marine seemed to have broke out of its Triangle and will be testing its support.

Special Review: Gold

Gold

Gold is a chemical element with the symbol of Au and atomic number of 79. It is a dense, soft, malleable and ductile metal with bright yellow colour and luster that is consider attractive, which is maintained without tarnishing in air or water.

I'm sure everyone knows about the gold rush madness in 2012 and early 2013, where the world economy is in a mess and gold value is rising like mad. When gold is at $1,300, there were many who cashed in their gold as it was really worth more than what they had purchased in decades. Then gold continued their rally as countries started a currency war where they are trying to lower the value of their country's currency in order to spur spending as interest rates were at all time low.

Gold's Rise and Fall

When gold reached $1,800, people were calling that gold will reach to $3,000. The herd went wild as everyone was buying gold while smart players such as George Soros were dumping them. Gold went on to reach a high of $1,900 before falling to the current low of $1,200. So called "Investment companies" dealing in pyramid selling of gold became scams.

So where is gold heading now? An estimate will be around $1,100. After that will gold rebound or not, we shall wait for a signal.

The Weekly Review: Bottom Yet For Stocks?

US Stocks

The Dow Jones made gains this week. More rally?

It seems Alcoa made a bottom again. Opportunity to buy up.

Google continues but looking flat.

Potash also made a good bottom.

Singapore Stocks

STI seems to be holding still after a dead cat bounce.

Get ready for a possible breakout for Sembawang Marine!