Grave..

Gold dipped below the $1530 resistance line and went to $1525 before giving way to $1518.77. Silver likewise dipped. It is not expected to hold on but will likely dip even further. Oil went below $100 too. This all happened in the midst of troubling situation both in the States as well as Europe. A few interesting scenarios are waiting to play out. US will certainly wait for all signals to come before they initiate QE3. And it is most certainly they will do it. But the move will come likely as a result of falling economic numbers and worsening of situation before they are "pressured" to initiate QE3. Its a situation of "die if they do" and "die if they don't". Meanwhile, China will be hardpressed (by the US) to inflate their currency (another name for US currency depreciation). While that is happening, the situation at South China sea is looming with danger. But certainly, it plays to US advantage. Meanwhile back home, our property may or may not be affected. It all depends on cost. And that is driven by consumption demand over a limited supply. And tiny Singapore only has so much land. And almost everything from food to housing cost will be expected to rise in the next few years. And in this situation, the price increase will not be because of the lack of government intervention but more from the "sea of change" emanating from worsening economic situation from around the world.