yes i know what u mean. What i mean is, if u keep repeating to cut your losses, in the end you got nothing to hold in your hand except the gold saving passbook with no value. RM6.91 per gram, lets say u have 20g in your account. You will loss RM6.91x20g= RM138.20. When the gold price drop and you keep 'cut losses', in the end you got nothing left except the gold saving passbook. I just let u know what is the difference between buying physical gold and paper gold

Agreed .. cut your losses.

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Added on September 27, 2011, 10:08 am1630 usd per oz.



This post has been edited by thunderaj: Sep 27 2011, 10:08 AM

some anayst seems to forsee GOLD further drop in price wo...

i don't think the scenario you paint here is likely la..that means it will continue to spiral down until zero..then yes...his method of cut loss will end up no value...


but realistically...will it ever reach that low?

my personal answer is....no... although nothing is 100% sure in this world.... but 99% no chance of it happening...

maybe .. it all depends on the euro debt crisis..

In term of calculation of profit n loss between physical gold and paper gold, I can't see the different. We calculate profit and lost by using $ sign.

true...hahah...may be some people enjoy the transaction of trading, buy sell buy sell...

today CIMB steadily RM168, i will reload if it drop near to RM160 or lower, who knows...

This post has been edited by bearbearhong: Sep 27 2011, 10:39 AM

kitco gold 1637 usd/oz .

us dollar trend coming down..

yup USD seem to gone down yesterday, will continue today? will gold up because of USD going down? just analyze it yourself

Do you guys think we're seeing a deflationary situation happening vis a vis the USD and gold? Seems awfully rapid for deflation to occur, though panic could account for significant part of gold sell-off.

i think it will push up a bit but it won't be up trend for a while.

stock up today after yesterday sell off

The hype has finished off the small fries? Damn, I missed the 1900 mark then! Coulda pocketed a cool 2000. But driving to banks just for deposit and withdrawals are wasteful too.

its gonna be down in short term...

Will top up when gold price below RM161/g... today maybe impossible... waiting tomorrow trend...

This cut loss thingy is gonna cost these sheeple aplenty....

The moves in gold will cost these type plenty in that they will be WILD and

These type are gonna be attracted when the price runs up, buying high and

SELLING on the low violent swings calling this CUT LOSS..

Well you are going to be forever doing that!

the other bombastic words they are using for opposite are "dollar cost averaging"

kitco gold 1645 usd/oz

For me the target of RM 160 or below seem not logic. If gold really drop lower like yesterday, most investor already 'aim' that price and buy it immediately eventually push the price up.

By the time Malaysia bank update (yea no doubt is too slow), gold price is getting higher and higher.

This post has been edited by hongchai888: Sep 27 2011, 11:43 AM

yesterday dropped, today rileks time and tomorrow will drop again...