So, as I believed, Gold bounced back up from the support. Faith is the USD is still shaky, coupled with European problems. In the near term, do not expect Greece to recover. Greece as many would say is in a catch-22 situation:
They cannot service their debt, and because of that, their credit ratings will keep falling (thus increasing interest rates), again completing the circle of them not being able to service their debt. We might need to learn to live with it, as Spain and Italy's turn comes up.
In addition, the bad job figures in the U.S. has resulted in the fall of the Dow Jones to the 12100s (it was back in Dec 2011 that is was that low!)
As the world's major economies slow, oil price will be expected to stay low (unless the event of war!)....and investors not being able to find a sound return for their money will rush into commodities such as Gold and Silver. Either way, commodities is still a safe hedge against inflation, the slowing economy, and the event of war. Unless of course if you believe in the U.S. dollar.
As for Malaysia's situation, growth from the construction sector will still be able to propel our economy.
Strategies to observe:
-Long Gold and Silver
-Buy construction related counters (Gamuda etc)
-Observe Telecommunications stocks (Digi, Maxis, Axiata) and Telecommunications services (R&A berhad)
-Observe Digital services companies (Ariantec Global, Digistar)
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