Dear Traders,
Attached are 4 charts which signal recovery. The AUD is correlated with demand for commodities and the impressive recovery in the AUD shows more gains in weeks ahead.
Soybeans have broken USD 10 per bushel and should resume their bullish trend. CPO and plantation shares should continue to benefit.
Our Man investments have weathered the storm of currency and stockmarket volatility and are well positioned for a fruitful 2009 no matter what happens to currencies or equities. My recommendation is the AHL Diversified Fund which was ranked 20 out of over 9000 hedge funds in 2008. Should beans, CPO, copper, gold, crude oil and base metals rally, Man will capture chunks of these trends. If the AUD moves on course to the RM 3.00 / 1 AUD we are due for windfall profits.
Martin and I hired a booth at the MCA job fair last Wednesday to recruit some futures brokers for our team. If any of you are interested in becoming a licensed FBR contact Martin.
Many companies were hiring staff including Resorts World/ Air Asia, OSK, Public Mutual, Great Eastern and IBM. Every booth was taken up showing the high demand for quality employees
If things were so bad as reported in the press why are all these companies hiring staff ?
With the political uncertainty removed with the new prime minister taking office expect a run to at least 1000 in the days ahead.
There is evidence of foreign funds moving into the KLSE. The foreign funds are buying quality issues and so should you.
Our plans for the Traders Club on 25 th April at CIMB auditorium from 10 to 12 AM is on course as well as the Gold Conference at the Armada Hotel on the 10th of May.
For 25 April Nigel Foo head of research for CIMB will give his outlook for shares. Also a fund manager from Deutsh Bank will present his precious metals outlook.
Have a good week ahead
Bill
Saturday, April 11, 2009
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