$100 daily swings? By then I'm already out. Risk appetite not that great

2008 was a bad year for gold, but I was looking from 2001 until now. If someone invested gold in 2001, he would still be earning at 2008

I believe you had sleepless nights all the way until November 08?

Anybody noticed tempers here also drop whenever gold price drops?

There's a guy who started a thread recently (which got deleted) which promotes virgin gold mining corp. I wonder if its the same group of people? Its listed in both Malaysia & Singapore alerts

http://www.sc.com.my/main.asp?pageid=1032&...linkid=&type=#v

http://www.moneysense.gov.sg/check_our_lis...rtal_IAL.html#v

wow gold & silver got totally crushed US market starting soon, more bad news?

naaa, next week wed/thu should be good time to buy again

This post has been edited by bigwolf: Sep 23 2011, 10:43 PM

Not worried much here, unlike stock market, gold will never drop to PN4 At worst just treat it as fixed deposits for a few years. Anyways, I bought some GIA at RM180 and waiting to by more if it goes below RM170. But its not going down much due to high price of USD...

@Quinn

Thats a good call! I've been wanting to ask maybe you should consider opening your own ichimoku thread and give us some daily updates if you have the time & inclination. I'm sure a lot of ppl would appreciate that

might see more blood on monday/tuesday coz options expiry. depending on the situation, i'm looking to reload again on wed

depending on situation ma

i'm quite concerned actually if this is just a major correction or something worse, a total crash. A look at the bubble mania chart:



gold chart for past 1 year:



now it gets scarily familiar with silver



If gold drop to around 1650 next week, that should be a good bargain. But, if it drops below 1200 then the bull is likely broken, I'd wait some time before going in again.

Silver might drop to around 25. If it drops below 20, then another bad news...

Now these are based on technical indicators, and to me, at the very least precious metals will not go PN4 @ total loss to your investment. It's price may get suppressed now but sooner or later it will come up again. If you are patient long enough, you will always get to sell higher

And another, the fundamentals have not changed either i.e. world economy, fiat money, debt crisis, etc. and in the long run precious metals should be way more expensive than now. I'm not that good at fundamentals, perhaps our gold expert prophetjul could share his views here

CAVEAT: DO NOT BUY/SELL BASED ON MY COMMENTS HERE AS THESE ARE JUST MY OWN OPINIONS BASED ON WHAT I READ. DO YOUR OWN DILLIGENCE BEFORE INVESTING.

however it is, i'd say better to reload after the options expiry on tuesday and after price stabilize a bit

bro, steady la. you sound like you lost it these few days we are all here looking for wealth, not looking for fight right?

ah come on, no need like that la. you made some good calls, and there's a lot of ppl who appreciates your analysis

same same. i was following the russian site

Trend is going down with lower-lows & lower-highs. Be careful

@Greenknight

You can try Kijang emas sold in Maybank?

http://en.wikipedia.org/wiki/Kijang_Emas

1. depends on what type of risk you can handle. loss/robbery vs. bank tutup kedai

2. uob, maybank, err goldshops?

3. if spread then uob. if convenience then cimb & pbb

4. gold is gold. as long as 999 gold, its GOLD i dont particularly like pamp coz they charge a high premium for their certified gold. its still the same 999 gold as say, kijang.

5. you'll have to do your own dilligence on this. myself i'm still wait & see. lots of analysis saying it'll go up as well as down.

6. haven't deal with them so cant comment

good luck, have fun & don't get burned

This post has been edited by bigwolf: Sep 28 2011, 01:36 AM

wow, gold just dropped 20 vertically

blehhh... you're right... going to sleep now. hope tomorrow or friday got great bargains

1. if you buy paper gold, most probably you already decided its for speculating and not for delivery. had you wanted physical in the first place, you'd buy physical n not paper

2. not sure abt other banks but i asked uob before and they advised if i want to take physical, i need to top up the price difference (1gm GIA vs. 1gm physical) and also RM150 conversion fees. So better to just liquidate the GIA and then use the cash to buy physical. same price difference but you dont need to pay that RM150 fees.

3. Now my opinion here is that although the bank dont have the physical gold, you can still get back your money. And if the bank dont have physical for sale, you can always run to the nearest poh kong/wah chan/etc with the money and buy

everybody is waiting for it to swing either way...

Few kg??? wah loaded. better dun let ppl know where u live. dun wanna hear lyn member kena kidnapped