Read the article carefully. It states that we're looking at the Awareness Stage. That was back in Nov 2010. Meaning they were still at the Stealth Stage at that point in time.

So based on current price increases/drops, i would say that we are probably in the bear trap. But the question is are we at the bottom of the bear trap or just entering? Personally, i dont think we've hit bottom yet. We might hit bottom next week or next month. I think there's still room for more correction to come.

Now at US$1,735. Maybank trading at RM170. It will be interesting to see what happens when US stock markets open in 8 hrs as they are now hit by the resignation of the Apple CEO, Steve Jobs

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

Banks pricing is always including margins ,etc. Gold hasnt dropped below 1,700 yet. Its now at US$1,729

Right now we cant talk about 1675 since gold is still trading at 1775 now. Its gotta break below 1,700 in order to see further drops. But tonite should give u an indication of whats to come next week.