Property prices in Japan.

Property prices in Japan may be near the bottom because transactions are picking up as loan default rates begin to decline....

.... Investors including Chuo Mitsui Trust & Banking Company and CLSA Capital Partners have said they will invest in real estate in Japan this year after the nation’s commercial land prices fell to the lowest in at least 36 years....

.... ‘The best time to invest is before things hit bottom, because if everyone were to agree we are right at bottom, they would all come rushing back in. If you have a longer term outlook, now is a very interesting time to be looking,’ said Buddy Ferrie, a general manager of the investment division at property consulting firm Colliers Halifax in Tokyo....

Read complete article here.
Analysts indicate property prices in Japan may be near bottom, Property Wire, Friday, 04 June 2010 .

I first put up this video on 13 March but I think it is worth watching again.  A video interview with Marc Faber (Posted Mar 12, 2010 07:30am EST by Peter Gorenstein):



"If you are going to put money to work in stocks both market watchers think Japan is the place to be. After a 20 year bear market and despite high-debt-to-GDP levels, the pair think the market has become too cheap to ignore. Always a contrarian, Faber believes the lack of interest in Japanese stocks makes it one of the most compelling buys in the world. "

Related post:
Buy Japanese real estate.

Golden Agriculture: Uptrend.

58.5c is a natural resistance turned support if we look at the candlesticks formed in the last three weeks.

The current uptrend support approximates the rising 20dMA and would be somewhere around 57.5c in the next session. Price could decline, break support at 58.5c and hit 57.5c in a whipsaw before rebounding.

Since the price hit a low of 48c in May, the MFI, OBV and RSI have been rising together with the rising price. So? Growing demand, continual accumulation and bouyant price movement. All good news for bulls.  If this continues, price could push upwards to retest 62.5c.  Could it overcome this resistance level?

Crude Palm Oil (CPO) has recovered strongly in a steep line upwards and is now at RM 2,661.  This is not far from the double top which saw CPO at around RM 2,710.  Golden Agriculture would benefit from higher CPO prices and the market knows this.  If CPO price breaks RM 2,710, we could see Golden Agriculture's share price rally to a new high.