USD increase, gold price also up!

PB, 1 gram Buying RM 186.5500 Selling RM 179.0500

+1

I bet 90% people here don't understand what your chart is showing? And I am one of them.

The gold price moved marginally lower Thursday morning, slipping $11.89 to $1,821.81 per ounce. The price of gold bounced back after disappointing retail sales data. The U.S. dollar weakened versus the euro and the yen while oil and copper prices declined 0.8% and 0.7%, respectively. Silver held near unchanged at $40.98 per ounce.

Despite yesterday’s gold price rally, long-time commodities investor Dennis Gartman noted that the yellow metal has made a series of lower highs thus far in September.

Along with this bearish technical development, Gartman contended that gold could fall victim to further broad-based liquidation if financial markets continue to sell-off due to escalating sovereign debt issues in Europe.
In his daily Gartman Letter, he wrote that “Gold’s fortunes… seem to be waning at the moment…A move downward through $1802¬$1807 would likely set off a sizeable sum of stop loss orders. Caution… and we think rather extreme caution… is advised.”
Marc Faber, another well respected investor and market pundit, also appeared cautious on the short-term outlook for the gold price. In a recent interview with The Daily Ticker, Faber – author of the widely followed Gloom Boom & Doom Report – predicted that the price of gold is likely to remain quite volatile in the short-run.
Over the longer-term, however, Faber remained far more upbeat on the potential for higher gold prices. “Gold will be very well supported” in the coming years due to the continued debasement of fiat currencies – particularly the U.S. dollar and euro.
When compared to the amount of wealth created in emerging markets over the last decade and the increase in the global monetary base, the price of gold is “relatively low,” Faber contended. Although he did not provide a specific gold price target, Faber noted that “according to some statistics the gold price today should be worth between $6,000 per ounce and $10,000 per ounce.”

Buy more before Sept 20, 21 and before Ben Bernanke speak! Gold price will up soon!

Tomorrow will drop even more, buy all you can on next monday morning as price expected to drop 1700.

Nope, by the look at it, gold will keep decreasing until next tuesday before it increase back.

Do you know what you're talking about?

+1

Now USD176x/1oz can't wait to buy more next week extremely excited seeing it drop.

W.O.E.R.U.T.A?

Wait for it, be patient hold your horses people, monday is the big day to invest kaw-kaw.

Before Sept 20, 21 top up more.

No UOB bank at bukit bintang! What kind of bank is this?

Bukit Bintang dont have.

Tomorrow is the big day for gold top up more.

Got counter to open GSA account there meh? I thought only ATM machine inside.

That interview was on bloomberg 23 June, so 3 months mean gold drop until September only. Huhu

This post has been edited by buysell: Sep 18 2011, 10:11 PM

It going to goes up even more by end of this week once ben bernanke speak oh.

PB Gold Investment Account as at 19/09/11 3:45 PM

1 gram
RM 187.0300 Selling Price
RM 179.5100 Buying Price

The increase of USD also increase gold price.

This post has been edited by buysell: Sep 19 2011, 04:24 PM

+1 You speak my mind.

Gold is decreasing again, last chances to buy more tomorrow.