With 10% ~ 15% jump after 75% haircut, it doesn't look like the market is convinced that they got even $10M cash in the bank ... Or this is the buying opportunity due to overwhelmingly pessimism? Chinese RTOs are all treated like junks. Can anyone find one of them that actually go up against SP500 this year? What is your thought, UltraChina? Don't abadon us ...
I called $32 silver the bottom in May and I'm sticking to my gun. I'm still very bullish on silver and gold. Debts issue won't be resolved, the problem just to get pushed out. The next focus will be US debts. More money printing is coming. Beside, China is getting agreesive on islands in South China Sea once again. China needs energy and basic materials. They cannot afford having their workers idle or there will be social unrest in China. It is a kind of slavery in disguise. If China economy goes hard-landing, there will soon be a war ... [more]
The chart says it all [more]
The stronger the USD, the weaker the US productivity, which is measured by USD. It is as simple as that. The real problem of the global economy is the wealth distribution, which is getting even more bi-polar as hot and freshly printed money chasing commodities and equities. What is the benefit to the public to have the government artificially pump up the home price if majority of houses are owned by banks? With jobs not growing much and salaries staying the same, the so called economic growth is only a disguise with the rising price of everything? [more]