Hi Cheong Wee,

I think it doesn't matter & we shouldn't be swayed by such hearsay or rumours & getting emotional.

I rather read those postings in kitco with chart analysis, most of which had been warning of pending correction, eg:

http://www.kitco.com/ind/Trendsman/feb132009.html

http://www.thegoldandoilguy.com/GoldBullMarketCorrectionFeb17.php

There is 2 sides to a coin, it also buys  massive buy up around 18 cts, it takes 2 hands to clap, so it also means there are many buying at tat price.

Its a matter of perception, whether u view a cup half filled with water as as half empty or half full.

Serve him right!!

All these scammers must be served the maximum & heaviest punishment to serve as a deterrent to those would-be scammers.

The Chinese saying: "Kill one to warn hundreds"

Cheong Wee, many thks for your advise, but dun u think gold is now extremely overbought  & the risk  greater than the reward, as profit-taking & shortselling may appear anytime, I would rather wait for correction to oversold as I dun believe in chasing after prices to later see it correction.

I'm sure nothing goes up or down in a straight line, there is bound to be correction anytime soon.

cheongwee      ( Date: 17-Feb-2009 20:39) Posted: I do sincerely hope the bailout do work in some ways...if not then we see a dow of 5000...STI  1200!!! I think you guy buy a little gold to hedge...i loss $ on stock, but well make up for it in gold and silver...really.. iPunter      ( Date: 17-Feb-2009 19:32) Posted: Bailouts and prop-ups are not the stuff sound economies are made of. As it is, the whole capitalist system has virtually broken down... It would be interesting from this point on, to closely follow discussion and expositions on alternative economic systems and solutions. Simply wielding past (unworkable) practices and 'solutions' may only make a bad situation worse. Better to let nature take its course, whatever the outcome may be...

Thks Farmer for your posting. Was this the article in today's Lianhe Zaobao 

Can some kind forumer kindly translate this to English for the benefit of fellow forumers like me who cant read Chinese.

Your kind help & effort is sincerely appreciated.

Thks a lot

Read this article "Stimulus works for Chinese, IMF to emulate for emerging economies" to see why this counter is a real laggard due for upward bull run soon:

http://blogs.moneyandmarkets.com/real-wealth/stimulus-works-for-chinese-imf-to-emulate-for-emerging-economies/

You are most welcome but still remember I'm just sharing & I may b right or wrong, so dyodd.