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

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prophetjul
post Sep 15 2011, 07:51 AM

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QUOTE(FrancescoTop8 @ Sep 14 2011, 09:25 PM)
Support this idea.
This thread has turned into petty talk rather than serious discussion.
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agreed. this thread has turned into a farce chat of wannabesingoldtype.

No substance as all
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
eehtsitna
post Sep 15 2011, 08:08 AM

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QUOTE(Quinn @ Sep 15 2011, 03:45 AM)
If you were keen to know the answer, you would have Google what harmonic pattern is. Without charts, i really don't understand how i can trade well. Everyday i would be asking the same old question, how high it go? how low it go? is it good time to buy? is it good time to sell? I stop asking because i could see everything in my chart. I'm glad you asked.

I bought many gold in the two red arrow. If price does break below the kijun sen (which is the red line), i am taking all my profits at the blue arrow region.

Seeing charts is very powerful. It has made my trading decision a lot more profitable.  wub.gif

Hope you will spend time to learn about charting, than just prices.  cool2.gif

Good luck!  wub.gif

All you need to know about ABCD harmonic pattern: http://www.babypips.com/school/the-abcd-an...hree-drive.html
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Quinn,

Really appreciate your posting. I need to learn more about reading those graphs. Where should I start? Those link in your signature maybe?

Thanks again. biggrin.gif

IMHO, the prices of gold havent really change much over this few days. Calm before the storm?
roketmel
post Sep 15 2011, 08:41 AM

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Is it a good time to buy ?
as it will be the christmas season and new year later on .
thank you

chunyen2020
post Sep 15 2011, 08:48 AM

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QUOTE(roketmel @ Sep 15 2011, 08:41 AM)
Is it a good time to buy ?
as it will be the christmas season and new year later on .
thank you
*
doh.gif
Again.
Check out previous pages.
You will find your answer.
lustman
post Sep 15 2011, 09:29 AM

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anyone knows where i can become agent/dealer for used 916/999 jewelleries (similiar to public gold agent but not them)?
SUSbuysell
post Sep 15 2011, 10:46 AM

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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.”


spikyz
post Sep 15 2011, 01:54 PM

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Quinn, thanks for d info. will look more into it
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/).
azizulego
post Sep 15 2011, 05:15 PM

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QUOTE(FrancescoTop8 @ Sep 14 2011, 10:45 PM)
Mind to elaborate more about your statement (bolded),

or just another newbie try to act like big boy ?    yawn.gif
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Yes i'm newbie notworthy.gif

This is what i read from gata.org...

If they kencing me... then i don't know tongue.gif
SUSbuysell
post Sep 15 2011, 06:46 PM

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Buy more before Sept 20, 21 and before Ben Bernanke speak! Gold price will up soon!
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
o0o0
post Sep 15 2011, 08:49 PM

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i always faced this situation,
gold price reduced but Msia market closed, can't buy in,
after Msia market opened, the price skyrocketing back.... ==
hongchai888
post Sep 15 2011, 08:58 PM

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1780 ???? Stop !!!! please leave some space to drop tomorrow....
Quinn
post Sep 15 2011, 09:13 PM

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QUOTE(hongchai888 @ Sep 15 2011, 08:58 PM)
1780 ???? Stop !!!! please leave some space to drop tomorrow....
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I'm happily profiting the fall of gold smile.gif
trencher10
post Sep 15 2011, 09:48 PM

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Yeay! Gold falling! Boo! Bank tutup esok!
eehtsitna
post Sep 15 2011, 09:51 PM

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QUOTE(Quinn @ Sep 15 2011, 10:13 PM)
I'm happily profiting the fall of gold smile.gif
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You mean going to profit or already profiting? tongue.gif Its 2 entirely different thing. biggrin.gif
Quinn
post Sep 15 2011, 10:22 PM

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QUOTE(eehtsitna @ Sep 15 2011, 09:51 PM)
You mean going to profit or already profiting? tongue.gif Its 2 entirely different thing. biggrin.gif
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Already profitting over 1000 pips.
trencher10
post Sep 15 2011, 10:40 PM

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QUOTE(Quinn @ Sep 15 2011, 10:22 PM)
Already profitting over 1000 pips.
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That one long term yo.
hongchai888
post Sep 15 2011, 10:42 PM

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If bank open tomorrow price should be around RM 177/gm. Sigh

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