Gold has dropped further to US$1,705. I think its gonna keep falling over the week probably testing the US$1,600-1,650 barrier soon. No bad news from Europe or US yet. European stocks are doing well as we speak with Wall Street expected to follow through. So gold will surely drop further today and tomorrow. Those of you planning to invest now, please dont. Wait till next week at least and then make a decison.

This post has been edited by cybermaster98: Aug 25 2011, 05:25 PM

drops more!!!

Drop..?

HOREYYY.....!!!

i'm thinking wanna open OUB passport account.
just to tie down my extra cash from being unwisely spent.
is it a good way to go?

i dun think i'd trade online or convert to physical gold.

Time to buy more???

Not yet. But now I want to buy more too! (Heck, if I knew it was correcting like crazy, I shoulda waited to bank in that cash at 1860 .. or sold at 1900!)

---

Added on August 25, 2011, 6:30 pmUSD 1650 looks like a good bet on stabilisation.

This post has been edited by trencher10: Aug 25 2011, 06:37 PM

Wooooot.. Hope it will drop more, i need to muster gold up before it really goes up.

For those who see charts, you will notice the very clear bearish signal on the H4, head & shoulder. Now the question lies at, when to top up! I dont know and i would compound little by little as it drops. And when it shows some clear bull signs again, i will add more. Many will consider to catch the top and bottom, believe it or not, it requires skills and dozen lucks! Good luck.

Does anyone know if the finess of the gold in UOB the same as Public Bank?

any of you buy from 1stopgold before?

i heard we need some kind of form contains our personal information. is that true?

Which is why I'm fuming that only Public Bank has online trading facility for its GIA. When the other banks going to step up?!

you hv to open an acc with them b4 you buy/sell gold with them. The usual info la, like name, ic, home add, occupation, off add, contact no. those usual stuffs la....nothing to be sceptical about

www.netdania.net > chart station > application

it has free webbased charts with indicators for gold. check it out. however, the data value for the gold is usd/oz. u may need to convert it into rm/gram

Looks like gold refuse to drop below $1700....

I wonder it is temporary drop then later after every one sale their gold , it jump up immediately.

$1740. Gold refuses to drop below 1700. I think that's the lowest point. See what happens tonight midnight. If it stabilize back, I think the correction has ended?

I will buy if it reach 1600 - 1650

if it doesnt reach?

drop to $1704 liao in London..

http://www.bloomberg.com/news/2011-08-25/g...es-margins.html

latest still 1730.. lowest it went today was ard 1704 actually..

The next few hours is crucial