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

here is what I expect.
There will be a margin raise again during raya time b4 31st August prior to last delivery date of AUgust gold contract.

I'm expecting a big price drop to below USD1650 during raya time when mid-east market is closed.

The drop may have a very short lifespan where most people will not be able to get their physical in time where the physical market is effectively closed.

If it drop below USD1550, I expect UOB will run out of stock.

UOB melaka here out of stock nugget. maple still have but i dun like it.

yeah, if this morning we end up 1650, we'd all be at the bank by 930am

anyway, it depends on tonite's news,

UOB melaka here out of stock nugget. maple still have but i dun like it.

yeah, if this morning we end up 1650, we'd all be at the bank by 930am

anyway, it depends on tonite's news,

My Dear Friends,

I am amazed at the day later geniuses that send out dire warnings on gold. Selling against the upper two Angels was obvious. There is no top in gold.

Kenny places the odds at 50/50 that yesterday’s low was the low. He says that if it was not then the low is not far below.

I have never seen such capitulation among people especially in outrageously undervalued gold shares. Pros were dropping dead today. In bullion you had to walk close to the building to be safe from the golden flyers.

I have told you time and time again that gold will be violent in its exponential stage. What you have seen is nothing compared to what is to come. Truth be known, this kitchen is going to get hotter by the day so if you cannot handle the heat sell partially at each Angel until you have cut yourself back to the sleeping well size position.

For heaven’s sake stop barfing into weakness. Stop selling weakness and buying strength. That is a kindergarten type error.

Stop the margin. It will kill you. Stop watching every tick. That is certain to make you crazy.

You will in the future be very sorry you sold down to a sleeping position at Angels, but stopping pain is not an illogical purpose.

Respectfully,
Jim

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

Aiseh. Jumping back up again to USD 1790. Not likely to see a fall until Monday la.

Gold price is very unpredictable, bro.

Short term=unpredictable
long term = 1 answer only

HI All,

From the post seems like UOB is best place gold invested as their spread between buying and selling is just 1.15%. Correct?

Is there any online trading for gold?

It seem no hope it will drop below 1700, its time to wait until next week and see how first

If Bernanke's speech manages to raise confidence in the market then we'll see the price of gold drops further.

price drop can only be achieved via margin increase.