I think the price should be ok for today. If goes up or down, +/- not much different...

yes, until Europe market open then different story, but bank has close by that time.

Don't believe it will drop even more, go buy today but don't cry tomorrow.

Nonsense, who tell u that?? Your friend is a SVP of the commodities division of Morgan Stanley or what? How can you claim to know any tipoff or whatever....baseless rumors.

Mind you, I'm not saying it won't drop further but your fearmongering is not doing this forum any favors.

the debate goes on.......

Hi guys,
its CIMB price published online fixed for the whole day? the price is alot far from market price now. If I want to buy at CIMB, do they follow the latest price or follow the price they published online? does anyone know?

Its Morgan Stanley who are manipulating the mkts, its JPM............look at the shorts they are holding on PMs.

When you buy CIMB officer will check the most current price bfore selling it to you.

Yes, I know, but Im just saying that the forummers shouldn't go around spreading 'tipoffs' unless they heard it from someone who actually is influencing the prices...otherwise they shouldn't be spreading baseless rumors.

OK, thanks Bro.

nothing can be sure , like i say if you are affordable at this price, buy it and keep it till you get profit.

There are 4 scenario basically

1- buy now at 1600 and it keep rising and reaches 2000, sell you will get profit with 400.
2- buy now at 1600 and it does drops to 1200 and you get only 400 rather than 800 profit.
3- buy later if it do drops till 1200 and sell at 2000, you will get 800 profit
4- wait till 1200, but it never happens, no profit, no lose.

1200 is a very ambitious price to aim for don't you think? I think 14xx-1550 is possible but 1200? One thing for sure, even if it happen, it ain't gonna happen this week or next week.

And the drop continues. Gold now at RM 170.93 (Maybank) and US$ 1,630. UOB's price should be lower than 170 now.

This post has been edited by cybermaster98: Sep 26 2011, 11:34 AM

Guys!

Does anyone know how fgjam operates and how they set their gold rate?

The price of gold has dipped for quite a bit last few days and i was planning to get a ring or 2. But the problem is that most jewelery shops here is still using the pre-dipped gold rates which was provided by fgjam.

These are their latest price from http://www.fgjam.org.my/
Their price is always higher than spot price of course.

999 Gold : RM208.00/gm
916 Gold : RM197.00/gm
835 Gold : RM181.00/gm
750 Gold : RM163.00/gm
375 Gold : RM88.00/gm

Last updated on 26 Sep 2011.

wrong. cimb price is fixed for the day

if keep for long term say, 1yr + saving, dun have to bother about current scenario...

i think i may wait for 1 to 2 days to observe and top up...

Nidz,

Thanks for the reply. Yup i actually checked their website and read about their price. What I dont understand is why is there such a big difference between their rate and the international rate (around 15%). I would understand that if that rate was used when gold was around 1900.

I reckon these are "retail" price for jeweler. Not bullion prices.

Price strong support at 1630. The direction will clear if it can hold and raise later.

If see 162x, gone case.