Buying Gold As Investment V2, 2011 Gold Rush From Oil Hype
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 Jul 14 2011, 08:17 PM
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#21
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183 posts Joined: Jul 2009  
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QUOTE(Jutawan @ Jul 14 2011, 09:02 PM) Price of gold rose like crazy this week. Why? Any good reasons? USD continue to weakening? - US is considering might having another round of stimulus plan aka. QE3.  - Moody, S&P warning that US Credit might be downgraded from AAA rating. - EURO facing debt and financial struggle. both above cause investor panic and shift the fund into Gold and Silver... This post has been edited by benedict1213: Jul 14 2011, 09:09 PM |
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Jul 21 2011, 12:42 PM
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#22
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Junior Member
183 posts Joined: Jul 2009
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1.3k range for for Silver or Stock. 1.3k for Gold end up with high Premium only, if you don't mind.
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Aug 11 2011, 09:04 AM
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#23
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Junior Member
183 posts Joined: Jul 2009
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QUOTE(prophetjul @ Aug 11 2011, 09:28 AM) Those who are interested in Fibonacci projections fibonacci! i study fibo as well. btw, what your favourite retrace level for Gold?GOLD (print this) * MAJOR ONE up from $256 to $1,015 (actually 4 times the $255 low) = FINISHED *MAJOR TWO down from $1,015 to $699, say $700 (a decline of 31% Fibonacci) = FINISHED * MAJOR THREE up from $700 to $3,500 (a Fibonacci 5 times the $500 low prior) = IN PROGRESS * MAJOR FOUR down from $3,500 to $2,500 ( a 29% decline) = LATER *MAJOR FIVE up from $2,500 to $10,000 (also a four fold increase, same as ONE) = SUPER LATER  btw, CME Raises Margins for Trading Gold Futures by 22%. Effective after the close of US business on Thursday. Traders should look at the volatility in the gold market, which is rising for fundamental reasons. Higher volatility is an indicative of the perceived risk in the markets of the ability of the U.S. to deal with mounting debt issues, Fenton says. Certainly, Europe’s unfunded liabilities are a contributing factor. Hot monies flow into Gold but if there a good and reliable news could bring health for the country, gold might be hurt temporary. |
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Aug 11 2011, 06:43 PM
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#24
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Junior Member
183 posts Joined: Jul 2009
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QUOTE(lustman @ Aug 11 2011, 07:26 PM) looks like everyone is blaming themselves for not buying when it was.... (insert the price yourself), so now what's the conclusion? keep blaming, disappointing... the opportunity have left. How about IF the opportunity come back and knock on your door? Your friend's Doubt will questioning you with lots of negative expects "what if...." What we must do is: 1. to have a proper mindset. 2. Start up an plan and idea. 3. Study it and do analyst. dare to ask and to be a learner! " be a 5 minutes fool, than be forever fool in your life"... than keep blaming doesn't have the ticket in Gold. Remember, you doesn't Miss the opportunity, is you couldn't GRAB the opportunity.  This post has been edited by benedict1213: Aug 11 2011, 06:45 PM |
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Aug 11 2011, 07:31 PM
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#25
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Junior Member
183 posts Joined: Jul 2009
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QUOTE(megabyte @ Aug 11 2011, 08:23 PM) Guys, I just opened the gold investment account @ UOB. Hope it's a good investment. I know it's quite high to buy at this time but who knows what will happen tomorrow. This is my first time into investment, hope I will gain some knowledge and experience in it. yes, you must remain 10gm in that account. Any lower than 10gm will be charged. BUT if you close account, you can withdrawn ALL the fund inside that account, (include the 10gm initial requirement). hope this help.One more thing guys, if let's say I want to sell all the golds in my account when it reach, say erm. RM200 per gm, but I must leave 10gm in the account to keep it active right?? What if I want to terminate the account? Is there penalty charges? |
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Aug 11 2011, 08:08 PM
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#26
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Junior Member
183 posts Joined: Jul 2009
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QUOTE(megabyte @ Aug 11 2011, 08:58 PM) Hi. Thanks for the reply. So I can close account anytime without any charges at all? yes, no any surcharge even-though withdrawn whole fund in the account unless, "An administrative fee of RM2.00 will be charged per month if the balance of the account falls below 10gm at month end." If let's say I want sell off 15gm when my account only has 20gm, they won't let is it? or that I can still withdraw 15gm but only thing is that they will charge me a certain amount of money? Account Opening Requirement - Prior to opening a Gold Investment Account, the investor is required to maintain either a savings account or current account in RM to facilitate the transaction, administrative fees or and other charges. you can refer to here. http://www1.uob.com.my/business/GMIM/GMIM_pga.html |
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Aug 12 2011, 08:13 PM
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#27
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Junior Member
183 posts Joined: Jul 2009
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QUOTE(lee90 @ Aug 12 2011, 05:47 PM) swt, just went to UOB and the guy there told me that it is already 3pm and they 'cut-off' already, need to wait monday just can buy gold.. no deal, is a good deal.. be happy in your life.  Added on August 12, 2011, 8:17 pmon the same times, some investor do sell-off some gold and restock into share market while waiting for QE3.. This post has been edited by benedict1213: Aug 12 2011, 08:17 PM |
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Aug 15 2011, 01:18 PM
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#28
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Junior Member
183 posts Joined: Jul 2009
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may i know that anyone heard of..., credit suisse Gold before?
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Aug 19 2011, 07:28 PM
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#29
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Junior Member
183 posts Joined: Jul 2009
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is that healthy for GOLD surge from July 2011 (USD1487) until now with no correction at all...
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Aug 20 2011, 02:32 PM
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#30
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Junior Member
183 posts Joined: Jul 2009
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Never expect the price go in favour of your direction, but affordable price..
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Aug 20 2011, 03:11 PM
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#31
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Junior Member
183 posts Joined: Jul 2009
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QUOTE(trencher10 @ Aug 20 2011, 03:52 PM) Should've just plonked my RM10000 that I had along with that RM16000 that I put into my GIA a few weeks ago. Is not happy. i'm looking at USD1750-1805... Added on August 20, 2011, 3:04 pmAnyone else think there'll be a correction in the short-, very-short term? |
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Aug 26 2011, 12:06 PM
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#32
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Junior Member
183 posts Joined: Jul 2009
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is Gold going to form Head & Shoulder at USD1805?
If yes... breaking below USD1730, we would see USD 1550... a |
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Aug 26 2011, 12:41 PM
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#33
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Junior Member
183 posts Joined: Jul 2009
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both is a good news..
 1st target - USD1640 2nd target - USD1550 |
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