Marc Faber thinks that the Fed would embark on more quantitative easing (aka print more money) in September or October:
Jim Rogers says to buy silver as it is 70% below its all time high:
Jim Rogers also mentioned that sugar is a good investment because a lot of it is being used in the production of alternative fuel. Now, with the US limiting offshore drilling for crude oil, shortages might develop and that could mean higher crude oil prices in future. I would keep an eye on CPO price which has been recovering strongly lately. That affects CPO counters like Golden Agriculture.
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2 comments:
Hi there,
CPO has piqued my interest. what's your take on it for now?
-ong
Hi Ong,
CPO has broken out of its multi months downtrend but it remains to be seen if this is a rebound from oversold levels or if it would power ahead to form a new high.
It did form a double top at about RM2,700. The two tops were formed late last year and early this year. Double tops are bearish.
Fundamentally, I see demand for CPO to remain strong as a vegetable oil as well as an alternative fuel but the supply side is a wild card. If supply remains tight, that is good news for price. Otherwise, price could soften.
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