Did ya buy ur 1kg gold yesterday? Do you think the gold price will drop today? Next week raya holiday d..

i bought 2 times yesterday at $168 and $166.6 of GLD stocks.......totalling equivalent approx 20 oz

hmmm, do you guys buy for example at RM1750, then wait to reach RM1800 and sell?

or do you guys keep for long time then sell at higher price?

Later tonight will be the another time to look out IMO.. Bernanke will be giving a speech, dollar is on the rise and stock is taking a hit..

Passive investor = Buy, wait for long-term significant appreciation

'Discerning' passive investor = Buy at troughs (or when gold spot price reaches statistical moving average line), wait for long-term significant appreciation

'Active' investor = Buy at troughs (or when gold spot price reaches statistical moving average line), wait for medium-term significant appreciation (normally 6 to 12 months), sell at peaks, buy again at new troughs (or when gold spot price reaches statistical new moving average line),

Gold bug = Buy at any cost [but don't be in debt], mostly physical gold, keep under bed

(Selling at peaks should be done if you'd like to use that gold for monetary use anyway)

This is how I define gold investors anyway (the other analytical definitions too are useful). Maybe a combination of these strategies are useful.

This post has been edited by trencher10: Aug 26 2011, 09:06 AM

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Added on August 26, 2011, 9:29 amhttp://www.zerohedge.com/news/guest-...-united-states



Marc Faber: Don’t Store Your Gold In The United States

As usual, the CNBC hosts were completely dumbfounded.

Phoning in from Sao Paulo, Brazil, investment guru Marc Faber was a guest on CNBC last week, once again telling the unvarnished truth about the state of the world economy and bankrupt western nations.

This time, Faber had a very clear message: that everyone should own *physical* gold… and what’s more, they should store it outside of the United States:

“I prefer if investors hold physical gold in a safe deposit box, ideally outside the US, in various locations… Switzerland, Singapore, Hong Kong, Australia, Canada… I think it’s important in today’s very uncertain world to diversify, not only the various asset classes… but also the custody of your assets should be in different jurisdictions.”

His hosts couldn’t believe it. -NOT- store in the United States, the bastion of freedom and security??!?! What lunacy!

CNBC: “Uh, so do you thus not trust US banks or US custodians? Do you think they might fail or abscond with the gold?”

Guffaws and incredulous snickers emerge from the hosts.

Faber: “I don’t trust anyone.”

Uncomfortable silence.

CNBC: “Hmmm. Interesting.”



This post has been edited by prophetjul: Aug 26 2011, 09:29 AM

Drop again lulz...

i did purchase yesterday , since it hit my personal target. the next buy i think i will wait next week.

Hey guys,
Where would be a good place to trade online?

You are right, even in gold there is no such thing of Quick Rich Scheme!!!

so, there's no short selling like stock market? like keeping just for several hours?

As far as I know, I think UOB has the least spread.

Yes, UOB least spread. And as far as I know, only PB can trade online. For the other banks, you have to do it over the counter.

This post has been edited by jian5481: Aug 26 2011, 11:43 AM

if not mistaken.. you can use forex platform to short gold

Probably not that very well understood to the public, or accessible, or the instruments for trading that fast is not avalable locally. What do I know?

Really? How does that work any way? Will look that up.

is Gold going to form Head & Shoulder at USD1805?
If yes... breaking below USD1730, we would see USD 1550... a

Doubt you will see $1600 let alone $1550.
There will massive buying at $1650........

I think people who are waiting for 1650 might start lintang-pukang buy even when it reaches 1675.

i tot the currency is USD? or u measure 1/2 oz price

both is a good news..
1st target - USD1640
2nd target - USD1550