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Nicholas M Ong
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Blogger on various topics, Nicholas is a big WordPress fan and has been blogging since 2003.
Recent Posts Tagged With 'markets'
In the Red Again, Dow Loses Triple-Digits
Oil gushes past USD135 per barrel
In yesterday’s post, oil was at USD133 per barrel. In less than 24 hours, oil is now at USD135 per barrel. Analyst have said this and that about oil prices and what not. I guess the general consensus is unless the weakening dollar strengthens, ...
Oil at USD133 per barrel
The image to the left is courtesy of FOX Business News. Very appropriate since investors are using oil to hedge against the dollar. Ok, let’s see. My last post on oil prices was on May 16 when oil hit a USD126 high. that is less than a week ago...
Oil price closes above USD126 per barrel
It just won’t stop going up. In the past weeks, Wall Street had a couple of days where the dollar strengthened and traders saw gains on the major indices. On such days, oil prices dipped but only to return higher on the next day. At US$126 per ...
Crude oil to hit US$200 per barrel
I’ve been meaning to ask this question on “how has the increasing price of oil impact your daily lives?” for weeks now. Just this week, crude oil breached the US$120 per barrel mark. Some of you will recall that I anticipated this t...
Gold on the rise as record crude fuels inflation concerns - MarketWatch
The past weekend once again demonstrated the volatility of stocks and blue chips trading. Though the dollar did strengthen pushing all the major indices upwards for 2 days at least, the steam isn’t keeping up with the record rise in hedging on ...
Oil prices and the Dow Jones surge upwards
At new record highs, oil looks ready to break the USD110 barrier. My prediction of oil reaching USD120 by October ‘08 seems to still be very real. In other news, the DJIA moves upwards to what economist claim to be the highest single day climb ...
Oil breaks $100 on looming production cuts - CNNMoney
Who would have expect this 18 months ago? At USD38 per barrel in 1980, oil prices gradually increased to about USD50 per barrel. In the last 12 months, oil prices continued to soar and breach the USD100 benchmark. As the economic gloom in the U.S. co...
Singaporean to benefit from 1.8 billion surplus-sharing package
No where near the USD146 billion stimulus approved in the U.S. recently, the Singapore government is not to be outdone. If you where watching Channel News Asia (CNA) last evening, you would have notice the ‘Special Budget Report”. Broadly...
Chinese New Year Eve - Not-So-Super Tuesday: Dow Plunges 370 Points
Well, I’m one of those folks who have to head into the office on Chinese New Year Eve. Travelling time today for me was cut down to 45 minutes instead of the usual 75 minutes. I’m sure many of my mates are probably just crawling out of be...
House Approves $146B Economic Stimulus Package
The U.S. Congress approved a USD146 billion aid package in a bid to lift the troubled U.S. economy due to the subprime mortgage crisis since last summer. This is by far the largest cash injection by the U.S. government till date to prevent the econom...
Profiting from the gold rush - The Price of Gold Part 3
What would it do for you if you could turn USD 10.00 into USD 466.10? Will you buy me a beer at least to thank me? You would? First, tell me what is the price of gold right now? Analyst are expecting gold to breach the USD 1,000 per oz mark soon. So...
Challenges Ahead for the Singapore Economy
With reference to my earlier post, this is what I meant. Perhaps the first piece of news with warning signs on the Singapore economy released. Hopefully, things aren’t as bad as suggested. I guess one of the craziest things in the world today i...
The Dollar vs. Gold and the World Economy
In some strange way which I can’t prove simply because I’m too lazy to find the supporting evidence, the Dollar and Gold are like opponents on a see-saw. When one goes up the other down. Or in that same retrospective, one will rise in val...
Crude Oil and Gold Rush
Seems that my prediction on the upward movement of prices on crude oil and gold is already showing in the 3rd day of the new year. Crude oil breaks through the US$ 100 mark and gold peaked at US$ 859 for a 28 year high before closing at US$ 855.28 fo...
Analysts see prospect of US$100 oil in 2008
As mentioned in my previous post HERE, analyst are now expecting oil to breach US$100 per barrel in 2008. We can all. whine and bitch about keeping our cars on the road or switch to an alternative. On the investment front, Commodities are high on my ...
Who I Will Put My Money on in 2008
It’s the New Year Eve afternoon here in Singapore and 2007 has proved to be an interesting year. The sub-prime mortgage mess in the U.S. caused many investors and financial institutions to take a big hit. One such institution is none other than...
Last Minute Rally Tips Wall Street Green
Up down, up down. Red green, red green. that’s what the market has been doing. I checked my funds awhile ago and I have to admit that though I’m down about 8.7% in my China equities, I’m not too concerned. Busy but good week here. H...
Will the Fed’s New Lending Tool Ease the Credit Crunch?
More news and talk on the Fed’s new lending tool. Quoted from http://www.foxbusiness.com/markets/article/feds-new-lending-tool-ease-credit-crunch_405329_2.html: Will the Fed’s New Lending Tool Help Ease the Credit Crunch? Wednesda...
Wall Street Lands on Green After Wild Ride
Quoted from http://www.foxbusiness.com/markets/article/wall-street-lands-green-wild-ride_403608_2.html: Wall Street Lands on Green After Wild Ride Wednesday, Dec. 12 2007 Uptick Wall Street Lands on Green After Wild Ride Matt Egan...
Singapore to invest almost US$10b in Swiss bank UBS
This is very interesting news. For those of you who do not know, Singapore’s state investment arm is none other than Temasek Holdings. Professionally, my organisation does work with both. Temasek Holdings also has interest in Standard Chartered...
