I was looking at Gold charts and realized that it has broken out of the channel.
At the same time, Obama and Yellen are meeting to discuss about the state of the labor market, inequality and potential risks to the economy, both in the U.S. and globally. Given that more volatility coming up in the market due to rate hikes and US elections, my take is that gold may continue to appreciate.
Alternatively, CPF money can be invested into GLD too. Please ensure that you have your CPFIS account ready before doing executing the trade
SPDR Gold Shares (under SGX trading name "GLD 10US$").
KEY HIGHLIGHTS
Sector
Regional Aviation
Global air cargo traffic remains weak with Asia Pacific carriers' yields below 2009 lows. Maintain MARKET WEIGHT.
At A Glance
Corporate
Cambridge Industrial Trust: Sells Tuas property for S$16.5m.
Osim: Shares "inadvertently" purchased at higher price: Credit Suisse.
Sector
Property: Woh Hup bags job for Aspial's JV Citygate project.
Property: "Too early to unwind cooling measures": Lawrence Wong.
Economics
General: Industry to play pivotal role in infocomm manpower strategy.
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