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 Buying Gold As Investment V3 - $1950?, Gold rush brings windfalls and warnings

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hongchai888
post Sep 12 2011, 02:48 PM

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QUOTE(buysell @ Sep 12 2011, 02:34 PM)
If you wait it will goes up! Buy it if you could afford with spare money as soon as possible.
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Market very strange now. Investors stop buying like insane thats why the price did not goes up for a while.

1830 now, will it break 1830?

This post has been edited by hongchai888: Sep 12 2011, 02:54 PM
hongchai888
post Sep 12 2011, 11:55 PM

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My fren listen to me have bought 50gm today at RM 181.5

Manatahu price keep dropping until 1820 USD...He blaming me now sleep.gif
hongchai888
post Sep 13 2011, 12:32 AM

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QUOTE(bigwolf @ Sep 13 2011, 12:23 AM)
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?
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Thats the reason why golds are dropping. Now already 1815, can wee see 17xx today?
hongchai888
post Sep 13 2011, 07:41 AM

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QUOTE(mingophoria @ Sep 13 2011, 12:36 AM)
by end of this week mayb can...... =D

Added on September 13, 2011, 7:36 amgreece got debt... euro bail out.... now euro got debt..... china bail out..... later if china got debt...who bail out china..... Russia? unsure.gif
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Malaysia rclxms.gif
hongchai888
post Sep 13 2011, 10:25 AM

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QUOTE(keii-kun @ Sep 13 2011, 08:21 AM)
Quinn, thanks for the chart update. i'm planning to load up this morning after seeing the chart @5am, but asian market is already pushing up the price...most probably today UOB sells 178.x

its hard for ciput investor to catch the low price , since the reversal happened end of asian market where banks closed off already hehehehe, might consider itrader lah like this to play paper gold.

bigwolf,
imho usd values goes up cos people are running away from CHF and EUR to USD. could be also like kitco news, most sellers are cutting some of their long position to cover losses.

come gold, maintain below 1820 this morning please  icon_rolleyes.gif  icon_rolleyes.gif  icon_rolleyes.gif

hmph, market buying on dips...
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UOB rates still on 18o this morning, I think is due to USD raised.
hongchai888
post Sep 13 2011, 02:54 PM

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QUOTE(mingophoria @ Sep 13 2011, 01:48 PM)
yea ...i lock in price at RM180 ~~ in the morning.... now slightly going down....oh nooo~~~
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Price 1820-1835 today. Not much different. Lets see what happen after Europe and US market open later
hongchai888
post Sep 13 2011, 02:54 PM

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QUOTE(mingophoria @ Sep 13 2011, 01:48 PM)
yea ...i lock in price at RM180 ~~ in the morning.... now slightly going down....oh nooo~~~
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Price 1820-1835 today. Not much different. Lets see what happen after Europe and US market open later
hongchai888
post Sep 13 2011, 04:07 PM

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QUOTE(chengcheng @ Sep 13 2011, 03:46 PM)
RM 90? wow....

That's 100% in less than 2 years...
rclxms.gif  rclxms.gif  rclxms.gif
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2009 I still watch Tom and Jerry, no time to study gold, regret now
hongchai888
post Sep 13 2011, 04:17 PM

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QUOTE(spikyz @ Sep 13 2011, 04:15 PM)
whats your view on recent volatility, it seems gold cant break through 2000/oz target? or its collecting momentum to make it through? any thoughts?
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2000/oz ? going to 17x soon
hongchai888
post Sep 13 2011, 07:13 PM

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QUOTE(cybermaster98 @ Sep 13 2011, 05:26 PM)
Why would i wanna sell now and then buy at a much higher price??  rclxub.gif

The general trend of gold is up and if the current doom in Europe and US continues, we would be looking at US$2,000 an ounce before the end of the year.

Its best to leave my 1st investment where it is. Im planning to top up another 280g in UOB when the price drops further.
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The problem is if USD stay strengthen, gold price will also expensive after convert to MYR. Like today morning, USD 1825 equivalent to RM 180 in UOB. More expensive then yesterday USD 1835 equivalent to RM 179 rclxub.gif
hongchai888
post Sep 13 2011, 09:28 PM

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QUOTE(bigwolf @ Sep 13 2011, 07:55 PM)
Its possible gold will trade sideways & USD continues its uptrend until 20th September.
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Is it possible to check USD to MYR conversion rates on UOB website?
hongchai888
post Sep 13 2011, 09:42 PM

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QUOTE(cybermaster98 @ Sep 13 2011, 07:21 PM)
The USD will not stay high for long. Its in America's best interest to keep their currency low and the Americans are good in doing that. The dollar will drop soon.
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Your target price for 280gm is how much? 170?

This post has been edited by hongchai888: Sep 13 2011, 09:43 PM
hongchai888
post Sep 14 2011, 10:37 AM

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QUOTE(mingophoria @ Sep 14 2011, 09:28 AM)
gold price increasing d..... now ask ur friend belanja u.... haha......
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Cannot lah, UOB only buy for 181.30, still rugi 20cents per gm tongue.gif
hongchai888
post Sep 14 2011, 11:45 AM

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QUOTE(lee90 @ Sep 14 2011, 11:36 AM)
oo, got it, i always multiply it by 3 only coz easier for me to calculate  tongue.gif
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I am waiting for USD to drop until 3.0 at least, then can buy some at RM 177
hongchai888
post Sep 14 2011, 05:02 PM

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QUOTE(buysell @ Sep 14 2011, 03:26 PM)
USD increase, gold price also up!

PB, 1 gram Buying RM 186.5500 Selling RM 179.0500
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I prefer USD drop than gold drop. When USD drop we can buy gold much more cheaper compare with gold drop
hongchai888
post Sep 14 2011, 07:15 PM

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QUOTE(kueyteowlou @ Sep 14 2011, 07:08 PM)
guys.. can someone elaborate me about

QE3 will cause gold price drop further ?

because there are alot of news saying that QE3 is coming so soon..

from my understanding.. QE3 might leads a burst for gold price...

if my understanding is correct.. then it is a good entry..
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Thats what I heard from my banker friend also. No harm just wait wait and see see as gold price consider quite high now due to strengthen of USD
hongchai888
post Sep 15 2011, 07:48 AM

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QUOTE(Quinn @ Sep 15 2011, 01:04 AM)
ABCD harmonic pattern coming, watch it!
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Nice infor bro, thx. That means the D with question mark is the possible gold price in the next few days?
hongchai888
post Sep 15 2011, 07:51 AM

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QUOTE(o0o0 @ Sep 14 2011, 11:50 AM)
i think today market will acting same as pass few days..
morning: upward trend
evening: downward trend
night: upward trend

any one have idea why the trend is like that?
what i can think of is currently different region country have different buy/sell behavior and trend, and due to time zone their market is open at different time.
That's y will have this kind of trend continuously few days...
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morning: upward trend - Asia market open : Typical Asian, when see price drop then buy buy buy, if anything happen then run to Europe Jump aeroplane whistling.gif
evening- Europe market open : mostly depends on market news
night: upward trend - US market open : mostly depends on USD and stock
hongchai888
post Sep 15 2011, 02:32 PM

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Global Man Financial (MF Global), said analyst Tom Pawlicki, Obama (Barack Obama) the proposed employment plan may not be passed by Congress, the Greek debt default risk, the U.S. Federal Open Market Committee (FOMC) members to further relax monetary hawks policy vision obstructed by the hawks and other factors make gold short-term balance between long and short risk, which may lead to deterioration of the gold surface technology is expected to drop to $ 1,750 gold, but not straight down, because the price of gold may continue to fluctuate(http://www.f-paper.com/).
hongchai888
post Sep 15 2011, 08:44 PM

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QUOTE(buysell @ Sep 15 2011, 06:46 PM)
Buy more before Sept 20, 21 and before Ben Bernanke speak! Gold price will up soon!
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Gold 1786 now but Malaysia tomorrow PH.... Bank closed. I solute you Malaysia ...... day

This post has been edited by hongchai888: Sep 15 2011, 08:45 PM
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