FBM KLCI Still In Rally To Hits 1,300

Past few day news from banking sector in US and China hits world share market to turn red. I read a news from US said it’s all for show, the feds pretend to punish the bankers and the bankers pretend to suffer. They’ll whimper and whine... all the way to the bank! By using this issue Febs can past all they printed money into the financial system.

As we know US had printed a lot of paper money ready to flow into they financial system to help US from come out from the crisis. US need to act fast before most of Asia country change their reserve from US dollar to Gold so because of this gold price sure will go sky high by end of this year and US paper money will be no value. However if US flow out all this money faster that Asia change the reserve than Asia will need to devalue they money and we all need to facing a lot of thing price will go up. The US people over spend problem be come Asia problem, this really not ours 2010 new year wish.

Due to the money will flow into financial system, share market sure will go up for short term so I think the market rally may continues until March, end of 1Q2010 also the same time gold will start to rally above USD1,300 per ounce. FBM KLCI still hold above 1,280 level and it mean the Chinese News Year rally still o.k Base on the chart the vol is high so it sure will give support to the market for some time.