drbubb

"Blueberries" on Mars > http://www.enterprisemission.com/lacon.htm

You will have to ask Major General Stumblebine for that. But there are others who agree with him... including Dr RAM. These guys (see link) have even stranger tales to tell: xx

LAND PRICES and other indications (from AsiaX): OTP: My original post said: "My best guess is we will see a drop of at least 30-40% over the next 3-5 years." Are these guys copying me, after all these weeks? (This must be why they pay me the big bucks... not ! But I used to be paid more than 99% of the folks reading this thread, probably. For analytical and other efforts. Ah. those were the days! And you get if for free. Why? Maybe someone can give me a good reason to continue.) Hong Kong home prices could tumble 30 per cent through 2017 on deteriorating economy: UBS UBS reported that downside risks exist in Hong Kong property market, mainly driven by several macro-factors, including liquidity, job market conditions, inflation, the HKD's relative strength, and interest rate hikes. Different from past down cycles that were triggered by global economic shocks, this round of price reversals should be caused by a deteriorating local economy. Therefore, the price drops may come more gradually and over multiple years. Although the market's focus is on mortgage rate hikes, the broker believed other factors are more important to property prices. UBS pointed out that Hong Kong property prices have surged by 340% since 2003. They may recede 25% to 30% frown now to the end of 2017. Greene King: OFFTHEPEAK, Any idea as to how land prices are doing? Developers who feel prices may be going down in the next two/three years will be reducing what they are prepared to pay for land coming up at sales or not buying at what they may perceive as high prices. OTP: thanks, Greene K. I don't have any up-to-date data on HK Land prices, but I will watch the news reports in the Standard and elsewhere. I think your argument makes good sense. So if the developers pull back, maybe that will be a sign that they agree with me and UBS and others that property prices are peaking, Another thing to watch is Bank Valuations. But I do not find them very aggressive right now. I sold my own property for about 4-5% over the bank valuation, which I found irritatingly low.

US Dollar quote / for trading on the OTC market Does the symbol make you "HLPPY" / Happy? (seems that each Unit is 5 shares) HNLGY (otc) is the US symbol for Hang Lung Group : allData : 3yrs : 6mos / 10days Dividend Quality : HNLGY (very high) and HLPPY HNLGY-US's dividend has a strong cushion from the ending cash balance.Thus, the level of deterioration in operating performance would have to be quite severe suggesting that the current dividend quality is relatively robust.The ending cash balance, with a dividend coverage of 37.20x, provides a substantial cushion in case of a significant reduction of cash flows in the future. Tang. BV: $19.07 - June 2015 PEG Ratio : 6.65 - PE(NRI) Ratio / EBITDA 5-Y Growth More: http://www.gurufocus.com/term/total_buyback_3y/OTCPK:HLPPY/Buyback%2BRatio/Hang%2BLung%2BProperties%2BLtd HLPPY-otcpk / Hang Lung Properties Ltd ... update : 3yr : 6mo / Last : $11.19 - 0.26 / $11.19 x 7.75 : $86.72 / $17 = 5.10

TONY C: The market gapped down at the open, then exceeded last week’s SPX 1909 low in the first hour of trading. After that it headed lower, with several bounces along the way, to SPX 1879. Quite a drop for one day of trading. The impulse wave from SPX 2021 continues to unfold: 1953-1980-1909-1953-1879 (so far). The 5th wave down has thus far subdivided into three waves, expecting five: 1922-1935-1879. Short term momentum ended the day at extremely oversold, expecting a 4th wave bounce soon. Then the market should complete the 5th wave down, between the 1828 and 1869 pivots, to possibly end the downtrend and Primary IV. Defensive positions (hedging) remain favored, as they have been for many weeks. Short term support is at the 1869 and 1841 pivots, with resistance at the 1901 and 1929 pivots. Best to your trading! MEDIUM TERM: downtrend == > https://caldaro.wordpress.com/2015/09/28/monday-update-472/#comments

Interesting charts there: Nick Laird and I noticed that although the total amount of physical gold in London fell roughly 2,744 tonnes (9,000 – 6,256) over four years (graph 1), only 997 tonnes were net exported as non-monetary gold (graph 4). This makes me wonder where the residual 1,747 tonnes (2,744 – 997) went. Possibly, this gold has been monetized in the UK and covertly shipped to a central bank in Asia, for example China. I don’t have rock hard evidence, but it fits right into the wider analyses. Furthermore, from 2006 to 2011, the UK was a net importer every year. If the 9,000 tonnes estimate by the LBMA was hopelessly outdated, say, it was from 2008, this would increase the “missing gold” even more (as net export over the years would have been smaller than 997 tonnes). == > http://www.zerohedge.com/news/2015-09-27/did-pboc-covertly-buy-1747-tonnes-gold-london This analysis ignores the drop in Gold bullion held by GLD, the SPDR gold trust

Started buying today Yes. And many are now back testing lows: Both stocks hit my targets today: 10d-both HKG / HK: 10 : lo- 25.80 / hi - 26.70 : Last : $26.25 - 0.75 - 2.78% HLP / HK:101 : lo- 17.00 / hi - 17.34 : Last : $17.06 - 0.50 - 2.85% === Ratio hlg/hlp : r- 65.9% / ------------ : r- 65.0 % . And I did some buying. I Will get 25-50% of my initial target amount of shares today CALCULATION : Relative Value (Updated: 9/29- on Low prices ): Symbol---------- : HK-10 : HK101 : Last Price----- : $25.80 : $17.00 : Dividend, est.-- : $ 0.81 : $ 0.76 : - see post #14 Yield- %, est. -- : 3.14 % : 4.47 % : Book Value/sh.: $55.90 : $29.50 : Discount Book: -53.8% : -42.4% : Shares O/S---- : 1.36bn : 4.49bn*: Market Cap----: $35.09b: $76.33b: HLG, 52.9%--- : $40.38b Discount-------- : $5.29 bn Debt difference: $4.77 bn Net difference +$0.52 bn / 2.2mn sf----- :-$0,236 psf - Prime Shanghai location !!! LESS THAN FREE !!! === *Shares O/S : 4.497 mn at Sept. 7, 2015 (after exer. of sh. options)

My original post said: see AX "My best guess is we will see a drop of at least 30-40% over the next 3-5 years." Are these guys copying me, after all these weeks? (This must be why they pay me the big bucks... not ! But I used to be paid more than 99% of the folks reading this thread, probably. For analytical and other efforts. Ah. those were the days! And you get if for free. Why? Maybe someone can give me a good reason to continue.) Hong Kong home prices could tumble 30 per cent through 2017 on deteriorating economy: UBS UBS reported that downside risks exist in Hong Kong property market, mainly driven by several macro-factors, including liquidity, job market conditions, inflation, the HKD's relative strength, and interest rate hikes. Different from past down cycles that were triggered by global economic shocks, this round of price reversals should be caused by a deteriorating local economy. Therefore, the price drops may come more gradually and over multiple years. Although the market's focus is on mortgage rate hikes, the broker believed other factors are more important to property prices. UBS pointed out that Hong Kong property prices have surged by 340% since 2003. They may recede 25% to 30% frown now to the end of 2017. UBS predicted that prime retail rents for local shopping malls could fall by up to 25% between now and the end of 2017 while the rapid growth in Chinese visitor spending in Hong Kong may no longer exist. The broker cut developers' target prices by 6% to 16% as there could be further downside pressure on share prices given property prices have just begun to fall. The broker downgraded WHARF HOLDINGS (00004.HK) -1.100 (-2.506%) icon.png Short selling $70.90M; Ratio 41.729% icon.png and KERRY PPT (00683.HK) -0.700 (-3.196%) icon.png Short selling $317.55K; Ratio 1.529% icon.png from Neutral to Sell as the former focused on high-end retail properties while the latter has relatively higher Hong Kong residential exposure among its peers. HENDERSON LAND (00012.HK) -1.500 (-3.175%) icon.png Short selling $38.51M; Ratio 38.902% icon.png was downgraded from Neutral to Sell as its share price was held up in the past year as the chairman expanded its stakes for several times. However, the broker believed it is reaching the limit. NEW WORLD DEV (00017.HK) -0.380 (-4.853%) icon.png Short selling $16.14M; Ratio 12.608% icon.png was downgraded from Buy to Neutral. (Quote is delayed for at least 15 mins.Short Selling Data as at 2015-09-29 12:25.)

*<Research Report>UBS Maintains HANG LUNG PPT(00101.HK) at Buy with Target Cut to $24.07 2015/09/18 09:44 $17 > $24 : + 41% <Research Report>JPM Maintains HANG LUNG PPT(00101.HK) at Overweight with Target Cut to $27 2015/07/31 12:22 <Post-Result>HANG LUNG PPT (00101.HK)'s Latest Ratings &TPs (Table) 2015/07/31 11:01 <Research Report>Citi Maintains HANG LUNG PPT at Sell with Target Cut to $19.9 2015/07/31 10:32 UBS Latest Ratings & Tips for HK Real Estate Developers (Table) Back 2015/09/18 11:29 UBS, in a report, listed the latest investment ratings and target prices for Hong Kong real estate developers: Company Name (Stock Code)/ Investment Rating/ Target Price (HK$) Developers CK PROPERTY (01113.HK) -2.200 (-3.880%) Short selling $44.45M; Ratio 15.205% / Buy/ 81.78->75.2 HENDERSON LAND (00012.HK) -1.500 (-3.175%) Short selling $38.51M; Ratio 38.902% / Neutral-> Sell/ 54.6->45.39 KERRY PPT (00683.HK) -0.700 (-3.196%) Short selling $317.55K; Ratio 1.529% / Neutral-> Sell/ 31.3->20.59 NEW WORLD DEV (00017.HK) -0.380 (-4.853%) Short selling $16.14M; Ratio 12.608% / Buy->Neutral/ 11.65->7.59 SINO LAND (00083.HK) -0.300 (-2.542%) Short selling $3.90M; Ratio 15.234% / Buy/ 14.57->13.12 SHK PPT (00016.HK) -4.200 (-4.098%) Short selling $115.63M; Ratio 25.292% / Buy/ 139.81->120.53 Landlords HANG LUNG PPT (00101.HK) -0.540 (-3.075%) Short selling $12.27M; Ratio 23.670% / Buy/ 29.94->24.07 HYSAN DEV (00014.HK) +0.150 (+0.473%) Short selling $3.57M; Ratio 23.752% / Neutral/ 36.65->34.34 SWIREPROPERTIES (01972.HK) -0.850 (-3.829%) Short selling $2.43M; Ratio 10.482% / Buy/ 30.86->27.86 WHARF HOLDINGS (00004.HK) -1.100 (-2.506%) Short selling $70.90M; Ratio 41.729% / Neutral->Sell/ 47->40.4

Dividend Cashflows - from HLG's point of view: Symbol---------- : HK-10 : HK101 : Last Price----- : $25.80 : $17.00 : Dividend, est.-- : $ 0.81 : $ 0.76 : - see post #14 Yield- %, est. -- : 3.14 % : 4.47 % : . . . Shares O/S---- : 1.36bn : 4.49bn : Divs Paid-------: $1.102b: $3.412b: HLG, 52.9%--- : $1.805b: Cash Inflow-- : $0.703b: . . . This means HLG receives HK$700mn more on its holdings in HLP, than it pays out to its own HLG shareholders ! This amount hould easily cover costs at the HL Group level, I suppose. And so there is room to go on increasing the HLG dividend, even if the HLP dividend growth stalls... or to buyback stock, improving the cash inflows even further

Both stocks hit my BUY targets today: 10d-both : x3 x4 : HSI : HK-12 : HKG / HK: 10 : lo- 25.80 / hi - 26.70 : Last : $26.25 - 0.75 - 2.78% HLP / HK:101 : lo- 17.00 / hi - 17.34 : Last : $17.06 - 0.50 - 2.85% Ratio hlg/hlp : r- 65.9% / ------------ : ratio: 65.0 % . And I did some buying. I Will get 25-50% of my initial target amount of shares today CALCULATION : Relative Value (Updated: 9/29- on Low prices ): Symbol---------- : HK-10 : HK101 : Last Price----- : $25.80 : $17.00 : Dividend, est.-- : $ 0.81 : $ 0.76 : - see post #14 Yield- %, est. -- : 3.14 % : 4.47 % :** Book Value/sh.: $55.90 : $29.50 : Discount Book: -53.8% : -42.4% : Shares O/S---- : 1.36bn : 4.49bn*: Market Cap----: $35.09b: $76.33b: HLG, 52.9%--- : $40.38b Discount-------- : $5.29 bn Debt difference: $4.77 bn Net difference +$0.52 bn / 2.2mn sf----- :-$0,236 psf - Prime Shanghai location !!! LESS THAN FREE !!! === *Shares O/S : 4.497 mn at Sept. 7, 2015 (after exer. of sh. options) **Next Dividend : Dividend History announced: 2016/01/28 2015/12 Final D:HKD 0.5800 Cash ex date: 2016/05/03 / To Pay : 2016/05/18

EXCERPT: Here’s what General Stubblebine had to say about Mars, perhaps thanks to some intel from the Remote Viewing Program? “There are structures on the surface of Mars. I will tell you for the record that there are structures underneath the surface of Mars that cannot be seen by the Voyager cameras that went by in 1976. I will also tell you that there are machines on the surface of Mars and there are machines under the surface of Mars that you can look at, you can find out in detail, you can see what they are, where they are, who they are and a lot of detail about them.” (Dolan, Richard. UFOs And The National Security State: New York: Richard Dolan Press)(source 2) I’ll let you think about that for a moment. Is it really that farfetched? With all of the recent UFO/extraterrestrial phenomenon disclosure happening within the past few years, is it really hard to fathom the existence of structures, bases, etc. on the Moon and on Mars?

As expected... Nasa scientists find evidence of flowing water on Mars The Guardian - ‎32 minutes ago‎ Satellite images have identified narrow streaks that appear on slopes during warm seasons, lengthen, and then fade when conditions become cooler. So the news is that dark streaks on the surface of Mars have been analysed and are showing evidence of having been created by salty water. Clearly the next question is how much water lies under the surface of Mars? . . . “There is liquid water today on the surface of Mars,” Michael Meyer, the lead scientist on Nasa’s Mars exploration programme, told the Guardian. “Because of this, we suspect that it is at least possible to have a habitable environment today.” A visual guide to water on Mars Read more The water flows could point Nasa and other space agencies towards the most promising sites to find life on Mars, and to landing spots for future human missions where water can be collected from a natural supply. Some of the earliest missions to Mars revealed a planet with a watery past. Pictures beamed back to Earth in the 1970s showed a surface crossed by dried-up rivers and plains once submerged beneath vast ancient lakes. Earlier this year, Nasa unveiled evidence of an ocean that might have covered half of the planet’s northern hemisphere in the distant past. But occasionally, Mars probes have found hints that the planet might still be wet. Nearly a decade ago, Nasa’s Mars Global Surveyor took pictures of what appeared to be water bursting through a gully wall and flowing around boulders and other rocky debris. In 2011, the high-resolution camera on Nasa’s Mars Reconnaissance Orbiter captured what looked like little streams flowing down crater walls from late spring to early autumn. Not wanting to assume too much, mission scientists named the flows “recurring slope lineae” or RSL.

Hopes raised of life on Mars as Nasa announces finding Belfast Telegraph - ‎29 minutes ago‎ Nasa is preparing to unveil a 'major finding' today that has raised speculation that it may have found signs of life on Mars. . . . As the excitement builds, one suggestion is that experts will announce the discovery of microbial life on the planet but a more likely scenario is evidence of flowing water. That theory was given a boost by new that scientist Lujendra Ojha, of the Georgia Institute of Technology in Atlanta, will attend the Nasa announcement. He first came up with the theory that Mars has liquid salt water flowing through it during warmer months. . . . Until this year it was thought Mars was too cold to host water and it just had ice. But in April it was discovered the soil was damp with liquid brine, which lowers the freezing point. That discovery came from Nasa's four-wheel drive Curiosity Rover which is currently probing the barren landscape of the planet. Last month the Curiosity, which has been based on the Red Planet for three years, found rocks a metre under the surface containing up to four times as much water as previously thought. There has also been satellite images of what looked like an old riverbed, with round pebbles indicating flowing water was once there.

MARS: "some people maintain we humans have been up there since the 1950s." - Jake I have heard Dr Richard Alan Miller say that he read beyond Top Secret documents, which said that the US and Russia had a joint expedition to Mars. The year? It wasn't the 1950's. From memory, it was about 1973... but I can check. BTW, it was the work of Dr RAM, which first proved many decades ago that there was water on Mars, For years, many mainstream scientists would scoff at that. But he has been proven right on the water. How long before his other comments on Mars are also proven to be true? Food for Mars (I haven't watched the second one right through yet -but it gave me a date ): Life on Mars with Dr Richard Alan Miller 2014 "we've been on Mars since 1969"

MARS: "some people maintain we humans have been up there since the 1950s." - Jake I have heard Dr Richard Alan Miller say that he read beyond Top Secret documents, which said that the US and Russia had a joint expedition to Mars. The year? It wasn't the 1950's. From memory, it was about 1973... but I can check. BTW, it was the work of Dr RAM, which first proved many decades ago that there was water on Mars, For years, many mainstream scientists would scoff at that. But he has been proven right on the water. How long before his other comments on Mars are also proven to be true? Food for Mars (I haven't watched the second one right through yet -but it gave me a date ): Life on Mars with Dr Richard Alan Miller 2014 "We've been on Mars since 1969" - Dr RAM

Putting it into perspective - that 40%+ drop that was reported, is not the whole story ========= : -2010* : -2011* : -2012- : -2013- : -2014- :+%1yr : +%5yrs : ML Leasing: $45.8B : $56.0B: $76.4B : $90.4B : $96.3B : . . . Rent/SM/yr: $3,181 : $4,147 : $3,093 : $2,748 : $2,883 : Rent,Av.: +4.91% Rent/sm/m $265.1 : $345.6 : $257.7 : $229.0 : $240.3 : . HK Leasing: $50.9B : $53.6B : $55.3B : $57.0B : $58.9B : + Rentals-- : $2,615 : $2,822 : $3,185 : $3,323 : $3,438 : +3.46% : +31.5% + FloorArea: .770m2: .770m2: .766m2: .740m2: .740m2: + OccuArea: .723m2: .726m2: .700m2: .690m2: .690m2: Rent/sm/m : $301.4 : $323.9 : $379.2 : $401.3 : $415.2 : Rent/sf/m : $28.09 : $30.19 : $35.34 : $37.40 : $38.70 : compares with... For HL, ave. mainland rents are down, as HLG spreads out from (expensive) Beijing and Shanghai And average HK Rents rose: from $28.09 to $38.70 (+ 37.8%) And part of that rise is justified by the very substantial investments in improvements that HL has made in malls like Moko, in Mongkok (which I visited last week)

Apple's Spaceship HQ firm reveals NASA-backed 3D printed Mars ... Daily Mail-25 Sep 2015 The British architects behind Apple's new 'spaceship' campus have revealed their next project - a manned base for Mars. It will be built by 3D ... It will be built by 3D printing robots on the Martian surface, giving man its first permanent base on another planet. Foster + Partners New York’s design for a modular habitat on Mars has even been shortlisted amongst 30 finalists for the 3D Printed Habitat Challenge organised by America Makes and NASA, the firm revealed today. Scroll down for video 10 bizarre proposals for 3D-printed NASA bases on Mars Dezeen-25 Sep 2015

"Tomorrow announcement from NASA:" - Jalil Richard C Hoagland spoke about the announcement on Friday He thinks it will be nothing earth-shaking - "no artifacts" "Probably just something about liquid water being found on Mars" ==== unquote ==== Mars 'mystery solved': has Nasa found water flowing on the Red ... Telegraph.co.uk-2 hours ago Nasa is preparing to unveil a "major science finding" from its Mars exploration programme, fuelling speculation it could have found water .. . NASA to Unveil Big Mars Discovery Monday: How to Watch Live Space.com-3 hours ago While many are hoping Nasa will announce it has discovered alien life, the leading theory appears to be an announcement of the presence of liquid water. The speculation has been driven by Nasa's disclosure that Lujendra Ojha, a PhD student who discovered possible signs of water while an undergraduate student in 2011, will take part in Monday's announcement.

EXCLUSIVE: There WAS life on Mars but 'catastrophic' event wiped it out, scientist says LIFE probably did start on Mars, but a catastrophic event must have completely wiped it out, a scientist has claimed. Lewis Datrnelll, a UK Space Agency research Fellow, believes early microscopic forms of life may well have formed on Mars billions of years ago, but a major environmental event later made the Red Planet completely inhospitable even to the single-celled organisms that may have formed. Mr Dartnell, who is also author of The Knowledge: How to Rebuild our World from Scratch, a New York Times and Sunday Times best-selling book explaining how to rebuild society in the event of an apocalypse, said: "Something catastrophic has gone wrong on Mars environmentally." He said the only life that would have developed before that would have been singled celled - "only the bacteria you would see under a microscope" - but whatever happened wiped out its chance of evolving into more complex creatures. Related articles Mars breakthrough: Amazing picture that shows Red Planet could... Unexpectedly high levels of water under Red Planet surface boost... JONAUSTIN Lewis Dartnell tells the British Science festival something catastrophic happened on Mars > http://www.express.co.uk/news/science/604534/There-WAS-life-on-Mars-but-something-catastrophic-wiped-it-out-scientist-says?_ga=1.170493028.552383945.1443412881

RETAIL RENTS are sliding in HK A store rented by Jaeger-LeCoultre in Hong Kong’s Russell Street, once the world’s most expensive strip for retail rents, will be leased to a new tenant for more than 40 percent less as the effects of China’s economic slowdown continue to be felt in the city. Cosmetics brand Colourmix, run by Veeko International Holdings Ltd., will rent a 1,000 square feet space on Russell Street in Causeway Bay for close to HK$1 million ($129,000) per month, 43 percent lower than what watch brand Jaeger-LeCoultre is currently paying, said Lawrence Wong, a director at property agent Sheraton Valuers Ltd., which handled the transaction. http://www.bloomberg.com/news/articles/2015-09-26/shop-rents-tumble-on-hong-kong-street-that-was-world-s-priciest 2 / Better a Rent Cut than empty “Landlords have to face the reality, no matter how reluctant they are,” Lawrence Wong, a director at property agent Sheraton Valuers Ltd., said in a telephone interview over the weekend. “It’s still better than leaving their property empty.” Russell Street has lost its claim as the most expensive shopping street on the planet to New York’s Fifth Avenue, according to broker Cushman & Wakefield Inc. in November. A July research report by Jones Lang LaSalle Inc. predicted prices for space in prime locations will drop 15 percent to 20 percent in Hong Kong this year. Retail rents were down 12 percent in Causeway Bay and 3 percent in Central at the end of June, Oriental Daily reported earlier this month, citing data from CBRE Group Inc. The broker said in a report that the decline came after rents for shops at prime locations in Hong Kong’s four shopping districts, including Tsim Sha Tsui and Mong Kok, increased by 213 percent from 2003 to 2014. Hong Kong’s retail property market has slumped as China posts its weakest growth in a quarter century. The world’s second-largest economy will announce a growth objective of 6.5 percent to 7 percent for 2016, according to eight of 15 economists in a Bloomberg News survey conducted Sept. 17-22. All of those surveyed said they expect next year’s target will fall short of the about 7 percent set by Premier Li Keqiang for 2015 growth. MORE: > http://macaudailytimes.com.mo/hong-kong-rents-crash-on-shopping-strip-that-was-worlds-priciest.html

Take Back Our Power: Attorney Daniel Sheehan, and Sara Nelson (his wife) Fri, September 25, 1am – 2am DescriptionThis episode of "Take Back Our Power" features Constitutional Attorney Daniel Sheehan and the Executive Director of the Romero Institute, Sara Nelson. They join host Joy Binah to discuss the erosion of our constitutional rights.

A brand New Vibe favoring Gold? Is Gold about to JAIL BREAK ??? Above 60% of SPX and a 1.0 Ratio versus RUT/Russell-2000 ? Fear is back! Gold glitters as stocks tank Sep 24 2:27pm:Investors are afraid. Very afraid. How can you tell? Just look at gold. More It makes sense. Gold is often considered a safe haven during global economic turmoil. "Investor uncertainty is helping. Gold is a place people move into when they are worried about the market. There is a definite increase in physical demand for the metal as well," said Chris Gaffney, president of EverBank World Markets. The Ratio of Gold-to-SPX shows a possible major Turning point may have been passed A confirmation will come if we get follow-thru to yesterday's big move, and a Breakout above 0.60. We saw an attempted breakaway once before, but Gold moved up too fast. It seems that Gold needed to retrace and shakeout some weak holders before a new attempt at a Jail Break. Price: - 09/23 : - 09/24 : +change : Pct.% : Gold : 1129.50 : 1153.30 : +$23.80 : +2.11% SPX : 1938.78 : 1932.24 : - $06.52 : -0.34% Ratio: r58.26%: r59.69% : +r01.43 : +2.45% > approaching 60% RUT : 1140.06 : 1137.54 : - $02.52 : -0.22% Ratio: r99.07%: r101.4% : +r02.31 : +2.33% > just broke 1.00 ! ===== ===== The Gold-to-Russell ratio might be easier to track and the "jail-break" point is very near r-1.00. :

Another example of Flats for rent - this is a little outside Makati, but is new It is owned by a friend of a friend, and is about to go under contract, I believe Furnished 1BR Condo Unit For Rent in Mandaluyong City, near Makati CBD SM Light Residences, 23 sq. meters EDSA Mandaluyong, corner Madison St., in front of (and linked to) Boni Avenue MRT Station Photos: THE UNIT • Php 17,000 /month; 1month adv, 2 mos deposit; Min 6 mos; Excluding monthly assoc dues & utility bills • Overlooking the swimming pools UNIT AMENITIES : Fully Furnished • Dining Table, 3 Chairs, LED TV, DVD Player, Sofa Bed w/ Side Table, Stand fan • Hot Plates, Cabinets, Refrigerator, Microwave Oven, Coffee Maker, Rice Cooker, Kettle, Dining items • Lavatory, Toilet, Shower w/ Glass Enclosure • Sleeping Area w/ Divider & Sliding Door, Built-In Closet, Double Size Bed, A/C Unit CONDO AMENITIES • Recreational Area, Landscaped Gardens & Water Features, Kiddie Play Place • 4 Swimming Pools, Fitness Gym, Jogging Paths • Function Rooms, Grnd/F Shops, Restaurants, Grocery • FREE WiFi Internet At Lobbies COMPARISON: A similar 1 BR in Makati might cost Php 20-25,000 (call it 23,000 and so 35% more)

The PEG is under attack again ... 12-mos "Hong Kong had $339.9 billion of foreign-exchange reserves at the end of July, the eighth-largest stockpile in the world" Hong Kong Monetary Authority forced to act twice to defend currency ... South China Morning Post (subscription)-1 Sep 2015 Investors switching out of the yuan since its devaluation last month have pushed up the Hong Kong dollar, which hit the high end of its peg to ... Hong Kong Buys $800 Million to Keep the City's Currency Pegged Bloomberg-1 Sep 2015 Based on the chart (above) the defense of the Peg (ie selling HKD) must be continuing. And this chart too: (in edit - I found these stories): 1. Hong Kong Buys $2 Billion to Keep the City's Currency Pegged HKMA intervenes for first time since April to defend peg - Aug. 31st 2. HKMA sells HK$4.26 bln to keep Hong Kong dollar in trading band Reuters-22 Sep 2015 The Hong Kong Monetary Authority (HKMA) stepped into the currency market and sold HK$4.26 billion (US $550 million) in Hong Kong dollars on Tuesday as the local currency hit the strong end of its trading range. The Hong Kong dollar is pegged at 7.8 to the U.S. dollar, but can trade between 7.75 and 7.85. Under the currency peg, the HKMA is obliged to ... 3. HK should devalue the currency pegSouth China Morning Post (subscription)-20 Sep 2015 The same belief is true for the commitment to the Hong Kong dollar's peg to the US dollar. Hong Kong's current monetary system is the root ... . . . The Hong Kong Monetary Authority is caught in its own intellectual cul-de-sac: that the peg must be maintained at all costs from the viewpoint of a stable Hong Kong dollar. That is a gross mistake. The problem is that they are failing to see the peg's problem is the US dollar, which has become a debased currency. It is dragging down more than Hong Kong's monetary policy - it threatens its society and economy. Yet it is defended by bureaucrats with a fervour and sense of mission displayed by worshippers of Stonehenge. . . . Quantitative easing, as part of an activist Fed policy, has proven to be ineffective. It has pushed global financial markets and Hong Kong's property sector to an edge where a controlled retreat is unlikely. HKMA chief executive Norman Chan Tak-lam recently said: "In terms of Hong Kong's property market, the disconnect between the purchasing power of our citizens and the high valuation has become very serious for quite some time." . . . The HKMA holds US$340 billion in foreign reserves and a 400 billion yuan (HK$486 billion) swap line with the People's Bank of China to defend against speculators. Hong Kong people would benefit more from a surprise devaluation rather than a wasteful and hopeless defence of the peg. ("US Dollar has become a debased currency"?? "Surprise DEVALUATION???" The problem is that the HKD is too popular in global markets - How does the HKMA fight THAT pressure?)