gold dipping as US market opens....where wll go next tomorrow morning....

Seems that the world banks is suppressing the gold prices. Maybe to make it cheaper for them to buy?

i read just now that some investor selling of gold to cover their loss in stock market.... now the problem is european financial crisis...... greek banyak debt.... lo...... the financial crisis bug is spreading...... better jimat jimat d.....

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

Manatahu price keep dropping until 1820 USD...He blaming me now

Huhuuu. Tell him to wait for it!

Hi everyone,
I'm so interested in your discussion. lets share sth really interesting.
http://www.kitco.com/ind/McWhinnie/jul132011.html
Central banks became net buyers. if the gold is in bubble period, then banks are stupid.

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

Thats the reason why golds are dropping. Now already 1815, can wee see 17xx today?

by end of this week mayb can...... =D

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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?

This post has been edited by mingophoria: Sep 13 2011, 07:36 AM

Malaysia

Chikou bounce off kumo with strong reversal candle.


Attached thumbnail(s)

do not understand the graph.. what do you want us to look at?? which lines or colour??

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

hmph, market buying on dips...

This post has been edited by keii-kun: Sep 13 2011, 08:31 AM

Hi, chikou is lime green. Kumo is baby blue/pink.

Since market is in kumo, it means market is indecisive of its direction.

Gold at US$1,823. RM 182.78 on Maybank now.

Bank of America is predicting the S&P index will drop approx 20% in the near future. France is also bracing for a credit downgrade on their banks while Greece is increasingly close to defaulting on their loan. I think gold is poised for much higher prices soon.

Ur frz damn rich leh ! 50gram wil b around 9k++

the gold price is keep going up since early morning,
no worry, very soon will recover back to 1850 point or even higher.

but i suspect that by evening, the price will drop to 1820 again...

now i'm waiting the 1800 dip to come and buy in some more...

UOB rates still on 18o this morning, I think is due to USD raised.

all depends on your budget bro.. u can make it too 1 day

I want join too..can I start with only 5 grams??