Why was there a rumour that China would resume bitcoin trading soon?
http://sg-stock.blogspot.sg/2017/10/bitcoin-soars-to-all-time-high.html
The reason is simple: The Japanese investors are trying to cash out by making the bitcoin prices spike higher.
If you look at the historical events in bitcoin trading, you would realize that the USA started trading bitcoins at less than $1000. Thereafter, the Chinese traded bitcoins at $1000+ and cashed out at $4000+ because of China regulations. Then, Japan legalized bitcoin trading and the Japanese traded bitcoins at around $4000+. Therefore, the Japanese investors have to make the bitcoins trade higher so that they can cash out. This is akin to the passing of the baton game and the last guy who holds the baton will get the penalty.
Saturday, October 14, 2017
Baltic dry index - 1485
Today, Friday, October 13 2017, the Baltic Dry Index climbed by 27 points, reaching 1485 points.
Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.
===========================
Related stocks: Sembcorp Marine, Cosco & Pan Ocean.
US rig count - 928
HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. declined by eight this week to 928.
That's up from the 539 rigs that were active a year ago.
Houston oilfield services company Baker Hughes said Friday that 743 rigs sought oil and 185 explored for natural gas this week.
Among major oil- and gas-producing states, Alaska, Kansas, North Dakota and Pennsylvania each gained one rig.
Texas lost four rigs, Oklahoma declined by three, California lost two and Louisiana and West Virginia each declined by one.
Arkansas, Colorado, New Mexico, Ohio, Utah and Wyoming were unchanged.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May of 2016 at 404.
=============================
Related stocks: Keppel Corp, Sembcorp Marine & Cosco.
Friday, October 13, 2017
The troublemaker, USA, lost the war in Syria to Russia.
http://www.newsweek.com/us-lost-war-syria-iran-russia-winning-final-battle-674833
Who and what started the war in Syria in the first place?
The USA was the one who created the war in Syria by trying to topple the Syrian government. Then, it roped the UK into the tussle against Syria to gain a stronger foothold. The USA & UK were trying to control the Middle East by establishing more proxies but the Russian thwarted the plan. In the end, it was the Russian who managed to gain control of Syria. The USA and UK can no longer decide on Syria today because of the Russian's intervention.
In a nutshell, the USA, UK and Russia are the countries that created the mess in Syria for their own political interests.
China knew exactly what was going on in Syria and censured the UK in the UN. The UK couldn't rebut China because it was guilty as charged.
http://www.china-un.org/eng/hyyfy/t1452588.htm
Quote:
"Lastly, I should like to point out once again that it is totally unacceptable for the British representative to publicly distort the solemn position of another country in the Council Chamber. His logic is untenable. We hope that, on the issue of chemical weapons, on which the international community is in consensus, he will stop using the Security Council in an abusive manner for his own political purposes, as that is not in the interest of the Syrian people, and that, in the future, the British representative will refrain from such practices."
End Quote.
Who and what started the war in Syria in the first place?
The USA was the one who created the war in Syria by trying to topple the Syrian government. Then, it roped the UK into the tussle against Syria to gain a stronger foothold. The USA & UK were trying to control the Middle East by establishing more proxies but the Russian thwarted the plan. In the end, it was the Russian who managed to gain control of Syria. The USA and UK can no longer decide on Syria today because of the Russian's intervention.
In a nutshell, the USA, UK and Russia are the countries that created the mess in Syria for their own political interests.
China knew exactly what was going on in Syria and censured the UK in the UN. The UK couldn't rebut China because it was guilty as charged.
http://www.china-un.org/eng/hyyfy/t1452588.htm
Quote:
"Lastly, I should like to point out once again that it is totally unacceptable for the British representative to publicly distort the solemn position of another country in the Council Chamber. His logic is untenable. We hope that, on the issue of chemical weapons, on which the international community is in consensus, he will stop using the Security Council in an abusive manner for his own political purposes, as that is not in the interest of the Syrian people, and that, in the future, the British representative will refrain from such practices."
End Quote.
ECB is concerned about cryptocurrency and may take action against it.
https://uk.reuters.com/article/us-eu-bitcoin-mersch/ecb-concerned-virtual-currencies-may-not-be-sufficiently-guaranteed-idUKKBN1CI13V
China, South Korea and Russia have taken actions against cryptocurrency. Europe will be joining the foray against cryptocurrency soon.
China, South Korea and Russia have taken actions against cryptocurrency. Europe will be joining the foray against cryptocurrency soon.
SPH is shutting down Asiaone website.
https://sg.news.yahoo.com/sph-news-aggregator-site-asiaone-close-090754309.html
SPH doesn't know how to grow its web media business despite having a complete monopoly in Singapore. Therefore, it is resorting to cutting manpower, closing down money-losing operation and venturing into the property business.
When SPH is ranked no. 151 out of 180 in the world press freedom ranking in 2017, it is hard to impose a subscription on readers as readers can read better quality news online for free.
https://rsf.org/en/ranking
SPH doesn't know how to grow its web media business despite having a complete monopoly in Singapore. Therefore, it is resorting to cutting manpower, closing down money-losing operation and venturing into the property business.
When SPH is ranked no. 151 out of 180 in the world press freedom ranking in 2017, it is hard to impose a subscription on readers as readers can read better quality news online for free.
https://rsf.org/en/ranking
Bitcoin soars to an all time high!
http://www.marketwatch.com/story/bitcoin-soars-to-a-new-all-time-high-above-5100-2017-10-12?siteid=yhoof2&yptr=yahoo
This is obviously the work of someone or a syndicate spreading a rumour that China will allow bitcoin trading to resume soon which sparks the spike in bitcoin price.
China will never do a policy u-turn in such a short time.
Bitcoin is just a manipulated commodity by a small group of people.
This is obviously the work of someone or a syndicate spreading a rumour that China will allow bitcoin trading to resume soon which sparks the spike in bitcoin price.
China will never do a policy u-turn in such a short time.
Bitcoin is just a manipulated commodity by a small group of people.
Apple is facing significant headwinds for its flagship Iphones!
https://finance.yahoo.com/news/iphone-8-already-sold-discount-china-154113017.html
China has started to offer discounts for Iphone 8 due to the poor sales and people are doubtful about the Iphone X now.
Apple is in troubles now! It will drag its suppliers down too.
China has started to offer discounts for Iphone 8 due to the poor sales and people are doubtful about the Iphone X now.
Apple is in troubles now! It will drag its suppliers down too.
Great news! Singapore is growing exceptionally strong in the 3rd quarter.
http://www.channelnewsasia.com/news/singapore/strong-manufacturing-drives-singapore-gdp-growth-to-4-6-in-q3-9304566
SG is growing strongly at 4.6% in Q3 year-on-year compared to 2.4% in Q2.
Hopefully, this year will be a better year than last year. Cheers!
SG is growing strongly at 4.6% in Q3 year-on-year compared to 2.4% in Q2.
Hopefully, this year will be a better year than last year. Cheers!
UK is poignant that China values the USA more.
https://www.usnews.com/news/world/articles/2017-10-06/uk-pm-may-postpones-trip-to-china-to-avoid-timetable-clash-with-trump-sky
The UK has to visit China to get more trade deals because of its own Brexit. However, it is feeling poignant that China chooses to entertainment the USA instead of the UK in November 2017.
Therefore, the UK is postponing the China trip. However, it has offered a good faith gesture to China by not conducting freedom of navigation in South China Sea as it badly needs more trade deals.
http://en.people.cn/n3/2017/1012/c90000-9279266.html
We can tell from this that everything in this world is about politics and money. The UK always encourages independence in other states or countries. For example, the UK supports Tibet independence, Taiwan independence and HK independence. However, when it comes to Scotland independence, the UK doesn't allow it. This just goes to show that the UK is nothing but just a hypocrite.
The UK has to visit China to get more trade deals because of its own Brexit. However, it is feeling poignant that China chooses to entertainment the USA instead of the UK in November 2017.
Therefore, the UK is postponing the China trip. However, it has offered a good faith gesture to China by not conducting freedom of navigation in South China Sea as it badly needs more trade deals.
http://en.people.cn/n3/2017/1012/c90000-9279266.html
We can tell from this that everything in this world is about politics and money. The UK always encourages independence in other states or countries. For example, the UK supports Tibet independence, Taiwan independence and HK independence. However, when it comes to Scotland independence, the UK doesn't allow it. This just goes to show that the UK is nothing but just a hypocrite.
Thursday, October 12, 2017
Physics 101 - All objects will fall to the ground at the same time.
In physics, we learnt that all objects would fall to the ground at the same time. However, we realized that it was impossible in the real world. Scientists had proven the laws of physics in a controlled environment whereby there's no air resistance to affect the falling objects.
When there's no air resistance, objects really fall to the ground at the same time regardless of weight and shape because the same gravity is acting on the objects.
Another investment trust to delist from SGX!
http://www.businesstimes.com.sg/real-estate/indiabulls-properties-investment-trust-gets-takeover-offer-of-90-s-cents-apiece
SGX is losing its clients faster than it can attract new clients. Genting HK, Global Logistics and Indiabulls Properties are all leaving SGX.
SGX is losing its clients faster than it can attract new clients. Genting HK, Global Logistics and Indiabulls Properties are all leaving SGX.
The USA has proven itself to be lacking in credibility
https://sg.finance.yahoo.com/news/trump-expected-decertify-iran-nuclear-030700035.html
Trump has reinforced the common global perspective about USA's credibility. There is no point in signing any contract with the USA government because it can renege on its contractual obligations at its whims and fancies.
No wonder the North Korea doesn't trust the USA. There is no way that the Korea peninsula crisis can be resolved without trust.
Trump has reinforced the common global perspective about USA's credibility. There is no point in signing any contract with the USA government because it can renege on its contractual obligations at its whims and fancies.
No wonder the North Korea doesn't trust the USA. There is no way that the Korea peninsula crisis can be resolved without trust.
How will the Kobe steel scandal affect you?
https://www.theguardian.com/business/2017/oct/11/japan-kobe-steel-scandal-ford-toyota-honda-mazda-boeing
If you drive a Japanese car or take a Japan made MRT, you better watch out.
The low quality steels have been used in cars, aircrafts, space rockets, trains and defence equipment. There are many steel grades and Kobe falsified data about the strength and durability of such steels for approvals to be used.
Consumer safety has been compromised!
If you drive a Japanese car or take a Japan made MRT, you better watch out.
The low quality steels have been used in cars, aircrafts, space rockets, trains and defence equipment. There are many steel grades and Kobe falsified data about the strength and durability of such steels for approvals to be used.
Consumer safety has been compromised!
Wednesday, October 11, 2017
Russia accuses the USA of condoning ISIS in Syria.
https://sg.news.yahoo.com/russia-says-islamic-state-operates-near-u-syria-092515410.html
This is not surprising and unexpected as the USA has been grooming terrorists in the Middle East especially when Hillary Clinton was the secretary of state.
Saddem and Osama used to be close allies of the USA in the past. The USA started to wipe them out when it lost control of the terrorists. Many of the terrorists were trained by the USA and armed with USA weapons.
This is not surprising and unexpected as the USA has been grooming terrorists in the Middle East especially when Hillary Clinton was the secretary of state.
Saddem and Osama used to be close allies of the USA in the past. The USA started to wipe them out when it lost control of the terrorists. Many of the terrorists were trained by the USA and armed with USA weapons.
I like Warren Buffett's view on cryptocurrency. How about you?
How did Warren Buffett view cryptocurrency?
Warren Buffett viewed cryptocurrency as a means of money transfer and not real money. This is also his reason for not investing in cryptocurrency. His rationale behind cryptocurrency is substantiated by his financial background and investment experiences and he uses a simple analogy to explain the cryptocurrency.
His analogy:
Cryptocurrency is just a means of money transfer which is similar to a conventional cheque. A cheque is also a means of money transfer. How much would you pay for a cheque then? He said he couldn't understand the rationale for other people wanting to pay so much for a cryptocurrency just for money transfer. There is no real use for a cryptocurrency and it doesn't yield any dividend at all.
We really need a savvy billionaire like him to jolt us back from our dreamland to the reality. Even an ex-IMF economist doesn't have faith in cryptocurrency.
https://www.coindesk.com/ex-imf-economist-kenneth-rogoff-joins-bitcoin-will-collapse-chorus/
Warren Buffett viewed cryptocurrency as a means of money transfer and not real money. This is also his reason for not investing in cryptocurrency. His rationale behind cryptocurrency is substantiated by his financial background and investment experiences and he uses a simple analogy to explain the cryptocurrency.
His analogy:
Cryptocurrency is just a means of money transfer which is similar to a conventional cheque. A cheque is also a means of money transfer. How much would you pay for a cheque then? He said he couldn't understand the rationale for other people wanting to pay so much for a cryptocurrency just for money transfer. There is no real use for a cryptocurrency and it doesn't yield any dividend at all.
We really need a savvy billionaire like him to jolt us back from our dreamland to the reality. Even an ex-IMF economist doesn't have faith in cryptocurrency.
https://www.coindesk.com/ex-imf-economist-kenneth-rogoff-joins-bitcoin-will-collapse-chorus/
Tuesday, October 10, 2017
Subscribe to:
Posts (Atom)
