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2010-06-02

FBM KLCI May Revisit DMA200 Level



















World share market start the month of June with a red mark, FBM KLCI dip close to 10 point before last minute push up. Eurozone problem look like not going to settle in a few month. I had read a report from Gold investment, Euro people keep buying gold since beginning of May.

Euro people had no confident about Euro money due to they know how bad they country problem so hide they money in gold will be the best option. Now gold price hits RM130 per gram and usually Asia demand on gold will start on August till year end so I think gold price will up more and may hits RM150 per gram by year end. Last highest gold price is around RM142 per gram happen a year ago.

To had a peace of mind to watch World Cup I think better put out all your money in share market because FBM KLCI may revisit DMA200 level.

1 comments:

Ivan June 2, 2010 at 11:58 AM  

Bro,
any idea on ioicorp movement?
can buy and hold ?
tq

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Investment Idea

My investment with RM5,000 initial capital have been growing since 2005.I found the stock market appears confusing and complicated, but it is most definitely based on logic "supply and demand". However, the laws of supply and demand as observed in the markets do not behave as one would expect. To be an effective trader, there is a great need to understand how supply and demand can be interpreted under different market conditions and how to take advantage of this Off Market Transactions in KLSE.

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