Thursday, September 17, 2009

Strengh of Ringgit Note

Recently Currency Malaysia Ringgit stronger against USD, it brings foreign investors earn more than what they have been expected from equity.

The USD note drop bring Oil, Gold, Oil palm and others natural resources hit higher price in the future market. That is why I have been predicted the gold price will hit to 1300. That is possible.

USD dollar toward to lower brings no reason for klse equity market have any adjustment because our main index counter main business are selling natural resources. Its help those company have better performance in the coming season. The profit can registered better than previous.
At the end of day, KLSE was hit above 1220 and closed at high. It will continue the rally until it has found an excuse of adjustment. Good effect of strengh of Ringgit Malaysia.

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