dunno about others la but my standard is bank only nia. any commodity traders here?

ok time to ask the expert's here, what are your opinions regarding his analysis:

http://majormarketmovements.blogspot.com/2...g-9811.html?m=1

I've followed his works a bit and he seems to be quite accurate but if its true then we might see some huge corrections by Friday/Monday?

There's a lot of uncertainties now what with all the conflicting reports & analysis whether gold & Dow Jones are going up or down

Wrong mate, we cannot simply buy la even if its long term. If you can buy cheaper very soon then why buy expensive now? You accumulate less gm like that. Example:

If you have RM10,000 and gold is RM180, you'll buy 55 grams. But if 1 day later gold dropped to RM177, the same RM10k can get you 56 grams. Better to wait 1 more day right?

Yup, I agree with you. Thats why need to ask the sifu2 here what are their opinions, as well as read & do your own analysis. Price of gold is VERY volatile now, so have to be VERY careful, don't simply buy hoping to jump into the band wagon.

But so far seems like not many wants to share their opinions...

This post has been edited by bigwolf: Sep 9 2011, 08:17 AM

aduihhhhh.....

but then again, if someone just walk up on me and ask me to buy it for RM150, I'd say no oso ler... 'So f*****g cheap!?!?!?!? FAKE LAR' would be what I'm thinking.

ya hor, good idea

@chengcheng

In BERSIH the crowd just stand there kena gassed. In THIS case ar, I think they'd break thru tear gas n chemical spray and batons oso la. I know I'll do that

@buysell

1 troy ounce = 31.1034768 grams. So usually counts as 31 grams or 31.1 to be more precise

It was like 10 years ago, when gold was selling for RM45 per gram

http://online.wsj.com/article/BT-CO-20110910-701487.html

Would be an interesting week ahead if the 3 banks really got downgraded. Any thoughts on which direction gold will move?

What I don't understand is how is it possible euro market crash = euro currency crash but US market crash = USD still goes up? Are investors buying USD so much that it goes up despite its market crash?


This post has been edited by bigwolf: Sep 13 2011, 12:24 AM

Its possible gold will trade sideways & USD continues its uptrend until 20th September.

http://www1.uob.com.my/personal/useful/price_rates.html

USD1,840 x 3.11 = RM5,722.40 per oz
RM5,722.40/31.1 = RM184 per gm

damn, missed the boat liao. was hoping gold to go down the whole weekend so can buy more from uob on monday

the uob staff must be dreaming while talking to you no problems with opening gold account, like another forummer said, you only need to open a savings a/c only and can buy oledi. if you're investing above 1000gm, you can consider the premier gold account. spread is only rm1 per gm, even better to trade

So which is which?

This report came out on Sept 14:
Stocks rally on hopes for Greece

Then this on Sept 16:
Europe default risk signal flashing red

Barely 2 days after the Greece-would-achieve-fiscal-targets feelgood news, we're back to Greece-near-100%-default doomsday warning

While its almost certain if euro collapse, gold & silver will rocket to the skies, but what about the China factor? What happens if China & the rest of the BRIC injects massive capital to save euro? What would be the effect on gold & silver? Bearish outcome while massive rallies for the share market?

Whats the possibility of BRIC intervening to save euro?

Can China and the other BRIC nations save Europe?

---

Added on September 18, 2011, 10:29 pmi did mention if investing above 1000gm ma, thats 1kg ler. mana tau we have some millionaires here who thinks 4 - 5kg are peanuts. the fella might be so grateful of my recommendation he spends me a few grams as commission

This post has been edited by bigwolf: Sep 18 2011, 10:29 PM

While my long term goal is to accumulate precious metal, right now I need to speculate a bit to raise the capital required to buy more of them in future ler

Correct me if I'm wrong, for I'm just thinking my own thoughts here, but I'm kinda worried about the China factor coz it has everything to go for it if it pumps in capital to save europe:

1. The costs of bailing out europe is offset by lowered costs of gold (IF China is really accumulating gold as some speculated)
2. Europe does not goes into recession, which means demand for China goods does not drop

true or false???

this is very strange. usually ppl flee stock markets & park their funds into gold. but now both also down?

unless they're liquidating gold again to cover stock market losses?

if its going to go down, then hope it goes down real gao, best would be low RM17x, then next morning rush to uob

1 day drop $20, next day up $20, nuts...

gold is supposed to be long term steady investment. only the past few months prices start to swing wildly