sorry, noob question~where to get this kind of gold??are there any trusted trader?or did you get it by bank?

mostly from private dealers, individuals and companies. if from bank, u can try from uob. their price is quite competitive.

Do you think getting the sri ayu dinar would be a good idea compared to the ones I thought of before?

What about gbullion's rates? Is it competitive compared to bank's?

sri ayu price per gram wud be quite cheap compared to the rest. but to sell, i think its more towards the malay markets.
if u think u can sell it to ur malay frens, then by all means, proceed.

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Added on September 7, 2011, 5:32 pmdubai based?
i dunt really know. from the website, it sure looks cheap. but how do u know that ur gold is secured?
IF u are in dubai, then maybe u can buy from them la... if in malaysia, i personally think it is not worth the risk.

This post has been edited by Nidz: Sep 7 2011, 05:32 PM

I wonder what happened if there's a fall out where the other European countries do not want to help the PIIGS??

Will gold rise to heaven again?

Seems that the resistance line above $ 1900 is really strong.

Need a really bad news to break it thru.

Any in the horizon?

http://biz.thestar.com.my/news/story.asp?f...28&sec=business

Some asked me why did gold reversed? Nobody really knows but there was some strong indication.

1. Let's draw some important S&R by using chikou. As in the image attached, S&R was drawn from daily & weekly chart.
2. What is S&R? Support and resistance is a potential reversal "area". I do not consider it as a point, but an area of potential reversal.
3. When price reaches an important S&R, what we do is wait for a clear direction of what the market wants to do. Then, we will ride the trend with the market. As a trend trader, i do not try to pick any tops or bottoms.
4. At a S&R, if it forms a reversal candle, then it will support that it is a strong reversal region. Thus, at XAUDaily image, it formed a double top with reversal candlestick pattern called engulfing.
5. As a trend trader, we wait for a clear direction by scaling into smaller time frame that support the direction of the reversal.
6. As seen in the M15 chart, entry upon kumo breakout was a good one with stop loss at recent high.
7. TP will be using trailing Senkou Span B.
8. Did you see what happens to price when it reached the next support at 1850.43?

Hope this analysis helps you to understand the power of multiple time frame analysis. Until price breaks SSB @ M15, it looks like it will going down for awhile despite hitting the H2 kumo.





For better image: http://forum.lowyat.net/index.php?act=findpost&pid=45172007

This post has been edited by Quinn: Sep 7 2011, 07:04 PM

So based on this, what would be the lower supprt level before prices start to rise again? So far prices are stagnating around the US$1,840 level.

As a trend trader, i do not try to pick tops or bottoms. Nor do i try to catch the start of the trend nor end of the trend. It is difficult for me to answer your question. Therefore, the only way is to observe for a change of trend, which will be to break the Senkou Span B in M15 chart. Another suggestion, as mentioned in my analysis, spot some reversal points in the S&R i have plotted. I am definately watching the 1806.91



This post has been edited by Quinn: Sep 7 2011, 07:10 PM

Prices has broke the $ 1820... does it mean it will go down further?

Or is this the end of the bull run?

Where are you getting your info from? The price is still at US$1,837 la. The last time it reached 1,820 was 1 Sept.

This post has been edited by cybermaster98: Sep 7 2011, 07:37 PM

Sorry... I see wrongly. Price is now at $ 1837 not 1820.

Phews!

Sorry...

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Added on September 7, 2011, 8:02 pmnidz said already bro, long term - buy the cheapest 999.9 bar/dinar/gold or whatever gold. ignore the spread. gold is still gold.

trading/short term - buy the smallest spread.

This post has been edited by keii-kun: Sep 7 2011, 08:04 PM

I think that since the Swiss franc has been pegged, the future or prospect of gold is even better.

Now the only safe heaven is gold.

But can any government rule the prices of gold or it depends on the supply and demand?

Main reason why gold price going down

http://www.businessweek.com/news/2011-09-0...nc-ceiling.html




This post has been edited by whizzkid: Sep 7 2011, 08:43 PM

You kind of prophet? Really broke 1820. What next?

Is it possible to buy physical gold frm UOB without opening their GSA?

This post has been edited by mrBuLuKoreK: Sep 7 2011, 09:18 PM

yes. can just walk in with cash and buy direct.


in other hand, does anyone here knows any uob with 1oz nugget. raja laut out of both nugget n maple. melaka main still got maple. i'm still looking for nuggets.

Heh. The price drop is not going to dampen gold's upward trend. Since the current global markets and economies, coupled with monetary policies like the Swiss, are slow moving behemoths that have been jolted by more larger crises, the Swiss peg are unlikely to do much than a realignment of portfolios than anything else. Great time to top up!