waiting new low to enter again... namely rm 150

162x now I doubt it will increase in this two week, will decrease only.

possible to pass 158x today

161x now.

oh no, really goin down now?

not oh no... is oh yes....

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This post has been edited by buysell: Oct 10 2011, 05:32 PM

short dip or will climb up again? so goin to buy more eh guys?

Dangerous to buy at the moment.

This post has been edited by buysell: Oct 10 2011, 05:33 PM

fearmongering, baseless rumors or not, depends on how one sees it.. positively, i always take tipoff as 'CAUTIONS TO EVALUATE'..of cos you can always take it as nonsense

160x now, will drop even more guys. So far I loss almost RM7xx already as I just brought early this month and I am expecting to loss even more up to RM2xxx in value by first week of next month. So much fun, so excited! Don't know why, lose money also excited.

This post has been edited by buysell: Sep 26 2011, 01:31 PM

Heh, not dupe, am the real McCoy, dude.
Been a book smart geek all my life, but figure might as well use my brains to make some money.

As I said, last week I was just lurking around this forum and found Quinn to be the one talking facts and have charts to back up...but folks here were basically sceptical about his forecast, probably they do not want to wake up from the bull run dream.

And boy, was Quinn right! Gold took another dive within the day.

Fortunately, I found some sites that helped me understand the ichimoku charts quickly. Most of all, I have Quinn's charts/postings to thank for, as they saved me from making a HUGE loss, and escaped the gold blood bath last week.

Thanks again, Quinn!
Per above, Quinn has kindly provided the latest ichimoku charts again. Current outlook appears to be bearish.

As Quinn said, have a trading plan and some technical analysis knowledge. Quinn's signature contain some links to ichimoku-related material/websites. I have also shared in an earlier post links to a free ichimoku online chart and a page to interpret ichimoku charts.

As a newbie, I realise I need to do research and due diligence before making investment decisions. I agree, it's crazy to invest in gold just by looking at the current price without further technical analysis or having a trading plan.

This post has been edited by Yoda-sen: Sep 26 2011, 01:20 PM

+1

Hi Sifu(s) / Master,

Since I never do investment in gold before so I need some advice here on how to start invest in Malaysia (in the safest way). Thanks.

Gold now @USD159x still dipping fast!

now asia market price drop lower and lower... then tonight US market, US folks buy back at low price.... isit like that?? haha.
Just my own thought... not rumours not facts.

Just to share something interesting in relation to gold. My apologies if it doesnt belong here

http://www.thetrumpet.com/?q=8558.7285.0.0

Germany’s Gold Hoard
August 17, 2011 | From theTrumpet.com
Euro or no euro, Germany is the sole nation with sufficient bullion to back a federal currency. BY RON FRASER AND ANDREW MIILLER

Gold skyrocketed to over us$1,800 an ounce on Tuesday. One nation gained powerfully as a result: Germany.

As the markets fixate on Europe, seeking to understand the complexities involved in Franco-German moves to stabilize the eurozone and hence the global economy, little attention has been paid to a crucial component of German power in this whole equation—Germany’s gold hoard.

It is intriguing to note the historical timing of Germany’s sudden acquisition of its post-unification gold hoard.

The forerunner of today’s European Central Bank, the European Monetary Institute (emi), once carried almost $27 billion in gold reserves. In 1998, the emi was replaced by the European Central Bank (ecb). No European Monetary Union financial data was published that year, while Europe’s elites “rebalanced” the financial system. When financial records resumed publication in 1999, $20 billion in gold had “gone missing” from EU coffers.

One would have assumed that these EU reserves should have been automatically transferred to the emi’s replacement, the ecb. No official explanation was ever given as to why it was not. It is interesting to note, however, that in that same year, the German central bank reported a $20 billion increase in its national gold reserves.

The result? Germany now owned 3,400 tons of gold—enough to back an entire currency if it wanted to!

As the late Christopher Story, a former adviser to British Prime Minister Margaret Thatcher, observed: “The Bundesbank suddenly acquired massive gold reserves, just as the euro was launched in the first quarter of 1999. The gold amassed, both in terms of its physical size and of its value (national valuation basis) is more than enough with which unilaterally to introduce a gold-backed ‘new deutsche mark’—in contrast to the U.S. dollar, which is not backed by gold” (Economic Intelligence Review, March 2000).

Coincident with this, commentators were intrigued by the continuous slump in the value of the European Union’s collective currency, the euro, immediately after its launch in January 1999. This was engineered to favor the German economy: “The euro has given German manufacturing the weak currency it needs to counter high labor costs, and has created a single capital market across 11 countries, in which the German banks are ideally placed to thrive” (Spectator, June 17, 2000). German banks were very clever at obtaining share cross-holdings in the firms to which they lent.

Put these two facts together—the sudden acquisition of bullion and the coincident launching of a currency at a rate favorable to the EU’s most powerful national economy—and an extremely interesting picture emerges. “The Germans may have been preparing their greatest coup in history: the sudden, overnight substitution of a ‘new deutsche mark’ backed by gold, for the regrettably ‘failed’ EU collective currency,” the Economic Intelligence Review continued. “[I]n reality, the Bundesbank’s acquisition of colossal gold reserves coincident with the launch of the euro (which policymakers were never supposed to notice), and the convenience of the biggest competitive devaluation in history, betray the probable truth—that this represents the realization of the pan-German plan for a European collective currency elaborated by the Nazis, and was cunningly postulated from the outset. In other words, the euro’s steep depreciation is ‘not coincidental’” (op.cit.; emphasis added).

These facts are made all the more interesting by statements recently made by a senior Bundesbank official. When asked what Germany would do if a Greek default forced the ecb into insolvency, he responded that Bundesbank officials had already discussed how to deal with such a situation. “We have 3,400 tons of gold,” he said. “We are the only country that has not sold its original allotment from the [late 1940s]. So we are covered to some extent” (Vanity Fair, September 2011).

Is it possible that German elites could use their massive gold reserves to establish a gold-backed deutsche mark in the event that the euro fails? Here is what the late Christopher Story wrote in that March 2000 edition of the Economic Intelligence Review: “If Berlin were to decide that the progressive collapse of the euro, which is already well advanced, had ceased to be tolerable, it has already amassed the necessary reserves of gold to be able to float a ‘new deutsche mark’ unilaterally—leaving the rest of Europe at Germany’s mercy and prospectively left with no practical choice, under the circumstances, but to accept the new deutsche mark in lieu of the degraded euro ….”

The implications of all this for the United States, the dollar and the world, are huge. Whereas the U.S. dollar ceased to be backed by gold in 1971, the new deutsche mark would be backed by gold. The dollar could be “dislodged” from its global primacy not by the euro, which will continue to be degraded either immediately or over time, but by the new deutsche mark.

Only time will tell how this situation will play out. However, if the Bundesbank does plan to introduce a gold-backed deutsche mark, it could well be that the day Greece defaults—which appears only a matter of time—is the day that Germany replaces America as the world’s most powerful nation, overnight!

Back in the heady European summer of 1990, when Germanic euphoria was high over the unification of East and West Germany, British politician Nicholas Ridley told the Spectator that “European Monetary Union, then being discussed seriously for the first time, was ‘a German racket designed to take over the whole of Europe. … You might just as well give it to Adolf Hitler, frankly …. I’m not sure I wouldn’t rather have the [bomb] shelters and the chance to fight back, than simply being taken over by … economics’” (June 17, 2000).

Well, Mr. Ridley, it took a decade, but the reality is that this time Germany has done it, not by bombs, but by sheer economic panache—and has fooled the whole world!

All that remains now is for German elites to carry out their solution to their deliberately created crisis—their real “final solution”! •

Now 158x dipping fast by minutes!

I might buying 1 or 2 grams before maybank closed today

This post has been edited by soundsyst64: Sep 26 2011, 01:59 PM

if reach 14XX tomorrow im gonna topup.