Julius- Thoughts on precious metals FFTA
Posted 13 April 2012 - 02:38 PM
Investments between China, BRICS countries to rise
Posted by AFP on April 12, 2012
HONG KONG, Apr 12 – Close economic ties among BRICS countries, especially after the New Delhi Summit, will most likely result in further cross-border merger and acquisition (M&A) deals driven by Chinese companies in other four economies, said Deloitte, a well-known professional services firm, on Wednesday in its newly released report.
BRICS, grouping Brazil, Russia, India, China and South Africa, represented a gathering of important emerging economies which were playing an increasingly big role in world economy during last decade.
Statistics showed that in 2011, 27 deals worth a total of $9.8 billion were made by Chinese bidders in the other four countries, the same number of deals that were completed in 2010.
“Chinese investment enthusiasm into the BRICS has remained strong as economic growth in these, and other emerging markets, has remained relatively intact despite global uncertainty,” said Lawrence Chia, co-chairman of Deloitte China’s global Chinese services group, in a press conference held in the day.
The aggregate GDP of the BRIC countries (before South Africa joined in late 2010) has almost quadrupled since 2001, from around $3 trillion to between $11-12 trillion in 2010.
The fourth BRICS Summit was held in New Delhi on March 28-29, under the theme of BRICS countries’ commitment to the partnership of stability, security and prosperity, where leaders of the five countries vowed to strengthen cooperation and boost inter-trade among the BRICS economies.
Deloitte forecast that emerging economies will grow by five percent in 2012, compared to a figure of 1.2 percent for developed countries.
As a co-writer of the report, namely “Lateral trades – Breathing fire into the BRICS”, Chia believed that cross-border investments between China and the other four BRICS countries will pick up over 2012 and beyond, as “comparatively more attractive growth fundamentals in the BRICS help encourage Chinese businesses to invest in those jurisdictions, as opposed to developed markets”.
The report also mentioned that “the desire to escape intense competitive pressures at home” is another reason that leads to Chinese companies’ increasing interest in acquiring in the BRICS.
“Chinese bidders are keen on acquiring energy and resources assets as China seeks to increase the supply of key commodities to support its infrastructure development and the production of consumer goods,” said Chia.
Statistics showed energy and resources sector accounted for 95 percent of the total deal value and 29 percent of the total deal volume in 2011.
Chinese consumer businesses, looking to expand into fast- growing overseas economies, became another power in the past acquisition activities.
Data showed that outbound consumer business and transportation investments into the four economies from 2009-2011 accounted for 4.5 percent of overall outbound M&A activity by value, while over the 2005-2008 period, this proportion just stood at 1.2 percent.
Meanwhile, Deloitte reminded bidders of cross-border M&A risk within the BRICS, where effective counterparty protection is likely to be lacking.
Chinese companies should gain a thorough understanding on their target markets and conduct a complete integrity due diligence on their targets and local partners, Ronald Chao, leader of financial advisory services of Deloitte China, told media.
The latest Deloitte report examines all announced M&A deals undertaken between bidders from China and targets in the BRICS from 2005-2011.
Posted 30 April 2012 - 05:56 PM
I don't understand it right now at all. . . it seems all the things that should drive gold forward are in a holding pattern and I sold the last of mine at a loss.
Posted 30 April 2012 - 06:09 PM
It's easy to analyze these things when you don't actually have any money invested...
I was ahead by 50 pips or so last week trading forex and then made a stupid greedy mistake and went against my own system again(and lost of course)... this stuff is a battle against yourself most of the time.
I have to let the trade come to me and not chase after it.
Posted 30 April 2012 - 06:19 PM
now, thinking I was some kind of player I went and bought it... but that didn't work out either...
all in all I'm glad that i only play with pocket change for now.
Posted 30 April 2012 - 06:24 PM
Posted 30 April 2012 - 06:25 PM
Will it jump hard before July? I don't know. Predictions like that entail a certain amount of fore knowledge of various things. Such as policy/actions/talk by the fed, commodity market slumps or jumps, etc.....(as if Julius doesn't know this already)
I'm holding onto my buys.
Right now, everything is down except PriceSmart Inc. Which is up 20% from my initial purchase and climbing.
Posted 06 May 2012 - 10:31 PM
I know the AUD is somehow linked to the value of copper. Is copper a precious metal?
Posted 08 May 2012 - 05:25 PM
Hey TASB... wait for 1550... then buy.*
*just my analysis. there is no guarantee. Always use a stop-loss. There's risk involved.
Posted 08 May 2012 - 06:22 PM
I've been doing pretty well for the last few days buying US dollars against the NZD, the AUD, and right now the EUR.
I'm not sure if my skills are improving or I'm just having a run of luck.
Posted 10 May 2012 - 03:03 PM
Federal Reserve allows Chinese-controlled banks to take stakes in US banks
The US central bank said Industrial and Commercial Bank of China (ICBC), the biggest bank in China and 70.7pc owned by the government of China, will become a bank holding company.
In addition, China Investment Corporation (CIC), an investment vehicle set up by the Chinese government to invest its massive foreign exchange reserves, and another company that CIC controls called Huijin Investment will be allowed to become bank holdings companies.
They will become holding companies by taking control of The Bank of East Asia in New York, the first time a Chinese bank has been approved to acquire a US bank.
ICBC has total assets worth an estimated $2.5 trillion.
Karen Petrou, a banking analyst with Washington Research Group, said that by becoming bank holding companies, the Chinese firms will be "ring-fenced" from their home country supervisors and will be subject to US law and supervision.
Posted 11 May 2012 - 04:08 PM
Posted 17 May 2012 - 04:36 AM
they seem to be pretty good, and obviously have a lot more experience than me.
I figure that they aren't interested in steering customers wrong because they want them to be successful and continue business. There is no commissions, only the spread. They're basically hedging their money by letting traders use it... it's all pretty interesting...
and yeah I still don't know a lot about why the Yen does what it does, but it's kind of opposite what you would think... they try to keep their currency valued low over there because they do a lot of exporting or something... not sure but it might have something to do with that... maybe the central bank needed money to fix the damage after the accident... don't know really, but that sort of makes sense.
I just make sure to have a stop all the time, and if the risk/reward ratio is less than 1:2 I stay out.
For now, it's just a fun way for me to get used to reading charts and placing trades.
Posted 20 May 2012 - 06:37 AM
did anyone buy at 1550 like I said?
You owe me a beer or something TASB. I'll let you tell me the story about how the entire economy could be run on a single ounce of gold while I drink it and laugh.
Now if only I could understand why something you can't smoke is worth 1550 an ounce...
Posted 20 May 2012 - 07:40 AM
the price is under the 200 period simple moving average which usually means it's in a downtrend.
It looks like it's going sideways... stuck in a range.
I'd place a protective stop at 1520
Posted 20 May 2012 - 10:46 PM
Based on this, and also the speculative sentiment index which is a contrarian indicator and shows a 6:1 ratio of long to short positions, I'm selling the NZD/JPY...
Posted 21 May 2012 - 06:55 PM
I said you should buy at $1550 because I figured it might not make it down that low, but anyway, now it's up to $1590...
are you jizzing in your pants?
Posted 22 May 2012 - 03:54 PM
might go back down again.
Posted 23 May 2012 - 02:42 AM
not saying I know exactly how the end of the world will play out... just throwing it out there as a possibility.
Posted 30 May 2012 - 04:05 AM
Posted 02 June 2012 - 01:11 AM
well, today sucked a big fat one
for the stock market, yes... but gold shot up $100 per ounce... (additionally, it all depends on your perspective - whether you're a bull or a bear... and as they say pigs get slaughtered)
I guess this is what they mean when they say that gold is a "safe haven"
still got a lot to learn myself... I'm not so arrogant as to think I understand it all... I'm trying, that's about it.
Posted 02 June 2012 - 02:25 AM
the universe is flooded with "of onlys"
Posted 02 June 2012 - 11:37 AM
well, today sucked a big fat one
The prop up is falling over. Quick! Pump some more money into the markets! Hair of the dog, man! Hair of the dog!!
Nothing cures a monetary inflation hangover like more monetary inflation!
Posted 02 June 2012 - 12:42 PM
Posted 03 June 2012 - 07:53 PM
But..but...but..we can monetize more debt that way and if the federal reserve is buying 60%+ of the issuance then we're killin' it!!
Posted 03 June 2012 - 08:11 PM
Posted 03 June 2012 - 08:26 PM
why do you spend so much time working for something that's worthless?
Posted 03 June 2012 - 08:30 PM
you call US Dollars shit tickets and complain that it's a fiat currency, yet you willingly give up your limited amount of hours on this Earth in exchange for it.
I don't think it's a dumb question at all to ask you why, even though the answer is quite obvious to me.
You just don't like admitting that you're full of shit.
Posted 03 June 2012 - 08:37 PM
I tried to help you, and you just keep acting like a dingleberry because my honest opinion of Ron Paul is not in alignment with yours.
Your comments do not make me look stupid. They're actually more of a reflection upon your level of maturity.
Posted 03 June 2012 - 08:43 PM
there's obviously a lot you could learn from me
ROFLMFAO. I no need troll schooling.
Posted 03 June 2012 - 08:46 PM
Posted 03 June 2012 - 11:12 PM
Hey, if I can stop bashing Spec K (like for 3+ years already) then you guys can behave too.
Posted 03 June 2012 - 11:52 PM
You only stopped because she threatened to kick your ass
Posted 04 June 2012 - 01:58 AM
I bursted his Ron Paul bubble.
sorry for partyin.
Posted 20 June 2012 - 07:12 PM
I really can't make this shit up.
Posted 20 June 2012 - 07:24 PM
do oil companies really use this concept?
Their trading desks do. Next stop $77 and then it's a screaming buy.
Posted 03 July 2012 - 01:12 PM
Posted 03 July 2012 - 01:18 PM
Posted 03 July 2012 - 03:08 PM
you think GE is gonna tank?
I don't see it tanking because of the fat dividend support. But it's an industrial and that whole sector trades on macro news and we just got a weak ISM manufacturing number yesterday. So I think you'll be able to get it cheaper later.
Posted 03 July 2012 - 03:16 PM
some that I've done pretty well in/out of the past few weeks: SWHC, MYL, CVO, IVN, CHK, THC, HOG, RIG & FTR. holding on to FTR
Posted 03 July 2012 - 03:25 PM
Today's strength is a great gift to lighten up on everything. . . had intended to hold some APPL but can't pass up cashing in that puppy today.
Posted 03 July 2012 - 03:37 PM