Comments on: A Quick Glance http://www.master-rider.com/blog/2007/11/02/a-quick-glance-2/ Mon, 21 May 2012 07:27:29 +0000 http://wordpress.org/?v=2.2.1 By: NW Teong http://www.master-rider.com/blog/2007/11/02/a-quick-glance-2/#comment-81 NW Teong Tue, 06 Nov 2007 06:17:35 +0000 http://www.master-rider.com/blog/2007/11/02/a-quick-glance-2/#comment-81 <p><p>One thing to add to my above comment, the current prices of the commodities do not necessary reflect their equivalent price. The current prices reflect the real supply and demand situation, the investors as well as speculators' positions, government policies and their strategic positions (especially those of big economies as well as producing countries such as US, EU, China, Japan, India, Russia, etc). One of my friends in the oil industry told me recently if one base on actual supply and demand, oil should not trade more than US$60 per barrel. Cheers!</p></p> <p>One thing to add to my above comment, the current prices of the commodities do not necessary reflect their equivalent price. The current prices reflect the real supply and demand situation, the investors as well as speculators’ positions, government policies and their strategic positions (especially those of big economies as well as producing countries such as US, EU, China, Japan, India, Russia, etc). One of my friends in the oil industry told me recently if one base on actual supply and demand, oil should not trade more than US$60 per barrel. Cheers!</p>

]]> By: NW Teong http://www.master-rider.com/blog/2007/11/02/a-quick-glance-2/#comment-80 NW Teong Tue, 06 Nov 2007 06:10:05 +0000 http://www.master-rider.com/blog/2007/11/02/a-quick-glance-2/#comment-80 Hi Jew, as mentioned in my earlier blogs, all commodities should continue to trend upwards. The inability of US to raise interest rates due to its housing problem has added fuel to fire to commodity prices. This is in addition to the strong demand from China, India and other emerging economies. While crude and gold are trading at around US$95 and US$811 respectively at the moment, in my opinion crude oil will surely test the US100 level and Gold will continue to scale hew heights in the days to come. The billion dollar question is what is the peak level and how do they take to reach there? The simple answer to this question is: no one has the answer. However, investors should do very well simply by getting the trend right! Another way to look at them is that at what level will they trigger a massive slowdown, this is more so for crude oil. My guess is that if crude oil shoot to US$120 per barrel in say, three months time, then I think it will drag down or at least slow down the global economy so much so that a global recession is a real possibility! By the way, I did not blog for the past few days as my views on the stock markets are well presented in my earlier blogs! In short, they are still valid. Cheers! Hi Jew, as mentioned in my earlier blogs, all commodities should continue to trend upwards. The inability of US to raise interest rates due to its housing problem has added fuel to fire to commodity prices. This is in addition to the strong demand from China, India and other emerging economies.

While crude and gold are trading at around US$95 and US$811 respectively at the moment, in my opinion crude oil will surely test the US100 level and Gold will continue to scale hew heights in the days to come. The billion dollar question is what is the peak level and how do they take to reach there? The simple answer to this question is: no one has the answer. However, investors should do very well simply by getting the trend right! Another way to look at them is that at what level will they trigger a massive slowdown, this is more so for crude oil. My guess is that if crude oil shoot to US$120 per barrel in say, three months time, then I think it will drag down or at least slow down the global economy so much so that a global recession is a real possibility! By the way, I did not blog for the past few days as my views on the stock markets are well presented in my earlier blogs! In short, they are still valid. Cheers!

]]> By: jew http://www.master-rider.com/blog/2007/11/02/a-quick-glance-2/#comment-79 jew Tue, 06 Nov 2007 05:42:50 +0000 http://www.master-rider.com/blog/2007/11/02/a-quick-glance-2/#comment-79 Hi Mr Teong, I am new to your blog, but I find it interesting. I have a request. Can you write your view on the Gold, and Oil? Where are they heading... Hi Mr Teong,
I am new to your blog, but I find it interesting. I have a request. Can you write your view on the Gold, and Oil? Where are they heading…

]]> By: NW Teong http://www.master-rider.com/blog/2007/11/02/a-quick-glance-2/#comment-77 NW Teong Tue, 06 Nov 2007 01:39:57 +0000 http://www.master-rider.com/blog/2007/11/02/a-quick-glance-2/#comment-77 All from Yahoo Finance. Thanks All from Yahoo Finance. Thanks

]]> By: Lynn http://www.master-rider.com/blog/2007/11/02/a-quick-glance-2/#comment-51 Lynn Fri, 02 Nov 2007 18:23:31 +0000 http://www.master-rider.com/blog/2007/11/02/a-quick-glance-2/#comment-51 Hi Mr. Teong, May I know where (e.g. websites) can I check out the (a) Baltic Dry Index; (b) SOXX chart and (c) 10-year Treasury Note that you've mentioned in your blog? Thanks. Regards Lynn Hi Mr. Teong,

May I know where (e.g. websites) can I check out the (a) Baltic Dry Index; (b) SOXX chart and (c) 10-year Treasury Note that you’ve mentioned in your blog? Thanks.

Regards
Lynn

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