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Saturday, October 28, 2017

Baltic dry index - 1546

Today, Friday, October 27 2017, the Baltic Dry Index decreased by 9 points, reaching 1546 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.
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Related stocks: Sembcorp Marine, Cosco & Pan Ocean

US rig count - 909

HOUSTON (AP) - The number of rigs exploring for oil and natural gas in the U.S. declined by four this week to 909.
That's up from the 557 rigs that were active a year ago.
Houston oilfield services company Baker Hughes said Friday that 737 rigs sought oil and 172 explored for natural gas this week.
Among major oil- and gas-producing states, Texas gained five rigs and Oklahoma and Wyoming each increased by one.
Louisiana lost three rigs, North Dakota and West Virginia each declined by two and Alaska, Colorado, Kansas, New Mexico and Pennsylvania each lost one.
Arkansas, California, Ohio and Utah were unchanged.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May of 2016 at 404.
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Related stocks: Keppel Corp, Sembcorp Marine & Cosco

Friday, October 27, 2017

Singapore stock calls for 27 October 2017


ECB will cut bond purchases to $30B in Jan 2018.

https://finance.yahoo.com/news/ecb-curb-bond-buying-first-091109975.html

The ECB will purchase fewer bonds than previously stated.  The ECB will only purchase 30B bonds instead of 40B bonds in Jan 2018.

Interest rates are definitely rising fast in EU and the USA in 2018.

https://sg-stock.blogspot.sg/2017/10/ecb-will-start-qe-tapering-in-jan-2018.html

Please read our previous posting on interest-rate rising environment.

http://sg-stock.blogspot.sg/2017/03/what-stocks-to-buy-in-interest-rate.html

Singapore will be issuing its own cryptocurrency after Russia.

https://www.cnbc.com/2017/10/26/singapore-cryptocurrency-blockchain-trial.html?__source=yahoo%7Cfinance%7Cheadline%7Cheadline%7Cstory&par=yahoo&doc=104798494&yptr=yahoo

Just like Russia, Singapore will be issuing its own cryptocurrency which cannot be mined by others.

The demise of bitcoin is coming sooner than thought as ordinary people will move over to the official cryptocurrency, leaving the criminals to use bitcoins.

The USA is doomed to fail in its Asia pivot or rebalancing strategy.

It’s getting harder for the USA to implement the Asia pivot or rebalance strategy now compared to a decade ago.

Why?

This is because China has helped Asian countries to boost their economies and made them prosper with better economic integrations with China.  Consequently, China has become the top trading partner of many Asian countries and China is importing a lot of Asian goods.  This is something the USA cannot do because the USA wants to export goods and services to Asia.

It will be difficult for the USA to grow its influences in Asia nowadays because the USA cannot replace China’s importance in Asia now.  Furthermore, China is building many infrastructures under the BRI in Asia whereas the USA cannot afford to build anything for Asia.  Although the USA has been embarking on smearing and fear-mongering campaigns against China, it has been unsuccessful to persuade Asian countries to contain China’s influences.

Asians are mostly peace-loving people except for North Korea, Japan and Vietnam.  Therefore, most Asians just want to lead a peaceful and prosperous life which China is promoting.

The USA had been proclaiming the excessive China's claims in South China Sea but it was the USA navy that accompanied China to reclaim those islands in South China Sea after WW2.


China's 9 dashes for South China Sea had been around since 1947.  Up till now, about 70 years later, the USA or its supporters cannot cite any incident of China navy or coast guard stopping any commercial vessel from sailing in South China Sea.  Therefore, there is no basis for freedom of navigation because there is already freedom of navigation in South China Sea.  The evidence is definitely in China's favour.  If we just look at the evidence, we know who the troublemaker (USA) is in Asia.

We strive to be objective but we just cannot find a shred of evidence to support the USA's allegation and claim.  As we conduct more researches, we find the USA more despicable.

Thursday, October 26, 2017

Wednesday, October 25, 2017

Singapore stock calls for 25 October 2017


Apple has chosen TSMC as its sole manufacturer for the A12 chips.

http://www.idownloadblog.com/2017/09/29/tsmc-starts-development-apple-a12-chips-iphone-2018/

Apple has chosen TSMC as its sole manufacturer for the A12 chips leaving Samsung out of the game.

However, Samsung will compete with TSMC for the A13 chips.

https://www.fool.com/investing/2017/10/24/apple-could-split-a13-chip-orders-between-2-chip-g.aspx

Great news! Singapore passport is the most powerful in the world now.

https://sg.news.yahoo.com/singapore-now-powerful-passport-world-index-013119189.html

What does this mean?

Basically, it just means that we can go to many countries without applying for VISAs.

That's about it.  Don't expect other fringe benefits to be attached to SG passport.  We still need to go through the same custom checks like other passports unless you are holding a diplomatic passport.

China newest politburo standing committee names!

https://sg.finance.yahoo.com/news/meet-men-charge-china-apos-035300501.html

The 7 most powerful men in China are announced after the closure of the 19th party congress.

Saudi Arabia doesn't believe in bitcoin too.

http://www.marketwatch.com/story/bitcoin-is-enron-in-the-making-saudi-prince-alwaleed-2017-10-23?siteid=yhoof2&yptr=yahoo

Saudi Arabia prince also believes that bitcoin will implode one day.  This means that Saudi Arabia won't adopt and legalize bitcoin trading because it doesn't want its citizens to be affected by bitcoin implosion.  We can also infer that the Middle East won't legalize bitcoin too.

Apple Iphone X shipments are only half as forecasted.

https://finance.yahoo.com/news/apple-iphone-x-shipments-half-111609139.html

Apple does have a problem selling its flagship Iphone X as it is beset with some technical problems and the high price.

Let's see how this will pan out later.

The 8 immortals that control China, not the 8 deities in the folklore.

No, we are not talking about the famous folklore, "The 8 deities who crossed the sea".  We are talking about the 8 powerful families that control China.  They control and command all the resources in China such as finance and banking, public utility and transportation, military, etc.

http://www.telegraph.co.uk/news/worldnews/asia/china/9767514/Heirs-of-Communist-Chinas-Eight-Immortals-have-amassed-huge-wealth.html

http://www.zerohedge.com/news/2012-12-26/octagon-oligarchy-meet-chinas-eight-immortals-infographic

Xi Jinping managed to wrestle and gain control from the 8 powerful families with some going downhills while others pledging loyalties to him.

For example, Li Peng's daughter was booted out of the public utility industry in China.

Xi Jinping's leadership looks set to continue after the 19th Party Congress.

Xi Jinping didn't name his successor at the closure of the 19th Party Congress.  This means that he will continue to be the leader for the next decade.

Look like the rumour was true after all about Jiang's support for Xi's leadership continuation.  Please read our previous post below.

http://sg-stock.blogspot.sg/2017/10/jiang-zemin-lost-political-battle-to-xi.html

Tuesday, October 24, 2017

Russia to issue its own cryptocurrency and this may destroy bitcoins in the future.

https://techcrunch.com/2017/10/15/russia-may-soon-issue-its-own-official-blockchain-based-currency-the-cryptoruble/

Russia will issue its own cryptocurrency which cannot be mined by others and can only be issued by the Russian government.

We did say before in our previous posting that blockchain technology was more useful than the cryptocurrency per se because cryptocurrency was a derivative of blockchain technology.

If more and more countries start to issue their own cryptocurrencies that cannot be mined, bitcoin's value will crash as ordinary people can use the official cryptocurrencies to transfer money.  In the end, only criminals will use bitcoins to stay anonymous.

http://sg-stock.blogspot.sg/2017/10/bitcoin-fanatics-dumbest-thing-on-wall.html

Singapore stock calls for 24 October 2017


Here we go again! Indian man raped woman in broad daylight with onlookers.

https://www.thesun.co.uk/news/4748399/woman-is-raped-in-broad-daylight-on-pavement-as-onlookers-do-nothing-to-stop-sex-beast/

India is a country that doesn't respect women.  Any woman in India is just a whore to any Indian man.

Be very careful if you want to visit India or in India!

http://sg-stock.blogspot.sg/2017/10/indian-women-was-gang-raped-at-gun.html

China has started its autonomous electric bus road test recently.

China is changing its infrastructures at breakneck speed.

Sigh! What is SG doing? Our government is focusing on diabetics, preschooling and technology embracement.

No wonder our MRT is breaking down so frequently and we've "ponding" at Bishan MRT.