PSC - A Rubber Stamp To Approve Lynas Plant ?

Parliament has approved today the motion to form a Parliamentary Select Committee (PSC) to discuss the controversial rare earth plant near Kuantan despite objections from the opposition MPs. The formation of PSC was first suggested by the opposition MP Lim Kit Siang several days ago, then why the objections?

The PM might have provided the answer when he said," ..... the setting up of the PSC is a public engagement process to ensure that the issue is well understood by all."

So, don't worry,
it is green and safe

I doubt PSC will carry out in-depth investigation on the health & safety, environment contamination, radioactive effluents & waste, why Kuantan? why not Australia? and .............

May be, we finally can have something that we are No. 2 in the world ranking, behind China and Singapore is so far behind us, hey, no sign of Singapore, hehehehe.

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No. 13

I never like 13, a number that always make me feel uncomfortable.

13 is considered to be an unlucky number by many. In Mesoamerican divination, 13 is a number of important cycles of fortune/misfortune.

Traditionally there are 13 witches in a coven; At Jesus Christ's 'last supper', there were 13 people around the table; the list can goes on and on. And don't forget, this year, 2012, is the end of the Mayan calendar's 13th Baktun.

Is the coming GE going to mark the end of the current BN's cycle since 1957? Or it is going to mark the end of MCA, MIC and Gerakan.




Matthias Chang," ...... it is abundantly clear that UMNO has given up all hope on MCA, Gerakan and MIC and would rely solely on Malay voters for its tenuous hold on power. ...."

Click " Has UMNO Lost The Plot? ", an interesting article from Matthias Chang.


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Blinded

A Parliament of Baboons

Ng Yen Yen said " ............. Street demonstrations have negative impact on promotional efforts undertaken by the ministry. ........"

I don't think so

This looked more like
a crowd after the Independence Day celebration

Or after a big football match or concert

It is the unnecessary actions .......

that has given bad publicity to the country
that has frightened away the foreigners

The way the police handled the demonstration is crucial


10,000 people Anti-Lynas Rally in Kuantan
- Looked more like having a Carnival


500 people Anti-Lynas Rally in Penang
No Comment.



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Concise English

A Herd of Cows

A Flock of Chickens

A School of Fish

A Congress of Owls

A Parliament of Baboons

Don't expect anything of intelligent from their mouths


Alan Dawa Dolma
A Tibetan Singer famous in Japan



God is really kind to her.




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Gold - Part 3

Gold has started to drop again, looks more likely for a a-b-c-X-a-b-c wave 4 consolidation as mentioned in my Gold- Part 2 posting. Wave 5 may reach 3,000 by 2015.

Courtesy of goldprice.org

Wave 4, a-b-c-X-a-b-c is in progress currently. It has completed its X wave recently and it is forming its second sub-wave a at this moment as shown below.

Wave 4 may drag until 4th quarter of this year.




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Dow - Heading for 'Double Top' Reversal ?

Dow gained 218 points (1.68%) on Tuesday to end the day at 13,177 level. This is the highest level since its bottom of 6,547 on 9th March 2009, 36 months ago. A 101% gain over 36 months, not bad, despite of the financial problems in Europe.

How high can Dow go? Looking at my long term wave counts for Dow, there is no change to my hypothesis, Dow is either forming a mega wave 6 as shown in Option 1 below, with a possible high of 14,164 for major wave b to form a 'Double Top' reversal pattern.

All base charts are courtesy from stockcharts.com

Or Dow is forming its super wave (IV) as shown below under Option 2. Dow is forming its major rebound wave with possible target at 14,164 level, same as Option 1. The current rebound may drag until end of 2012, also same as Option 1.



A possible wave form from now until end of 2012 or earlier is as shown below. Major wave b for Option 1 and major wave 2 rebound for Option 2. Whether it is major wave b or 2, it is likely to form 7 waves as shown below with a possible high of 14,164 the October 2007's high.


I have developed another option, 'Option 3' that looks unlikely at this moment as it is too bullish in view of the Euro debts' problem. Under this Option 3 scenario, the 1975 to 1983 wave was considered as wave X-a-b-c , part of a complex mega wave 4. Mega wave 5 ended at 11,722 in January 2000. October 2007's high of 14,164 becomes the wave b of an expanding a-b-c correction, with c ended in March 2009 at 6,547 level. Since then, Dow has been forming part of its mega wave 7 in the last 36 months and it is heading for at least the 20,000 level, another 50% to go. Too bullish & unlikely at this moment. It is also difficult for me to accept a 'mega wave b' at 14,164 level, that is 21% higher than mega wave 5 at 11,722 level and this b has 5 waves. But from the chart below, the shape of the expanding a-b-c looks OK.

No to those that support Lynas

Vote them out

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Graphene - A Miracle Material that could reshape the world

Graphene is a one-atom-thick planar sheets of carbon atoms densely packed in a honeycomb crystal lattice. It looks like a chicken wire sheet made of carbon atoms and their bonds.

A crystalline graphite consists of many graphene sheets stacked together. A one-mm-thick graphite consists of a stack of 3 million sheets of graphene.

Natural crystalline graphite flakes

What is so special about Graphene

1. It is 10 times stronger than steel and 6 times lighter. (According to Wikipedia, it has a breaking strength 200 times greater than steel, according to a test conducted in 2009)

2. It has high electrical conductivity.

3. It is resistant to powerful acids and alkalis.

4. It has a remarkable high electron mobility.

5. It has high optical transparency.

6. It has high thermal conductivity

7. And many more.

To read more on its potential application and an investment opportunity, click "Wealthdaily - The Next Rare Earth"

From Youtube

A super revolutionary material for the future that is going to change our lives.

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