market all good in the US.... The fed say wan to stimulate the economy... but then gold also increase.... why??

QE coming?? i treat the move upward as a retest ..

1 day drop $20, next day up $20, nuts...

invest in gold is not for the faint of heart.....roller coaster up down up down non stop.... like equity ...if cannot take presure take a slow ride like UT.....if still cannot take... go for bonds....if still wan slower go for FD.....if still even wan slower... keep inside piggy bank~~ anyways....gold mayb dropping again

Gold maybe up again. See tomorrow.

gold is supposed to be long term steady investment. only the past few months prices start to swing wildly

I just watched CNBC America, the fact that IMF downgraded US has gonna have a lot of impact on wallstreet. good for gold.

I dont look at fundamentals but i just trade what the charts tells me. In this H8 chart, the chikou (green line) is in the kumo. It explains to me the up and down price u mentioned. As soon as it gets out of the kumo, it will show a little bit clearer picture. Time will tell.


Attached thumbnail(s)

One day in future, it will swing daily $100 each way...........

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Added on September 21, 2011, 7:43 amPast few months? Go look at 2008......

$1000 DOWN to $681



This post has been edited by prophetjul: Sep 21 2011, 07:44 AM

$100 daily swings? By then I'm already out. Risk appetite not that great

2008 was a bad year for gold, but I was looking from 2001 until now. If someone invested gold in 2001, he would still be earning at 2008

Yes

i guess i am that one of the 'someone'!

I am the one who bought at 2008, 15/5/2008 to be precise. Knocking my head for several months and nobody were talking about gold at that time.
I am a very-very-very conservative investor, so you might imagine how I feel that time.

But today, if I give you 10k, can you bring me back to that year?

Investing in gold, based in my experience, monitoring hourly chart is really not good for your health.

I believe you had sleepless nights all the way until November 08?

yah! I got sleepless nite in 2008 when I brought at USD1000+ RM3200+ in Mar 2008 and it drop to USD700+. RM2700++ . in August 2008
RM500/oz differences. few months holding paper lost.

after that, it recovers to RM3500+ I sold off quite a bit then price blump2 goes up to 4K.

that time don;t know how to see technical.

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Added on September 21, 2011, 11:38 amHi,
Could you share your strategy from 2001 to now. R U doing dollar cost averaging. Every month buy 1 oz etc.
Let us know.
or E.g
2001 :- RM20K
2002 :- RM30K
2003 :- RM40K

how is your trading model? when you take profit ?
etc.



This post has been edited by GoldChan: Sep 21 2011, 11:38 AM

Should have read the Fundamentals..........

Invest gold, leave it for 6 months or 1 year then only check price see you make your profit or not, this is the best healthy way.

This post has been edited by buysell: Sep 21 2011, 11:53 AM

I bought 7oz Kijang, and that is my first investment after reading about fundamental in 2 years. Yes I have sleepless night because of bagging my head constantly.

Until today, the fundamental is still the same. In order Obama to maintain the current status quo, he has to print more money and if he decide to stop, current debt structure will collapse. Either way, gold will win.

After you buy gold, don't go and keep monitoring the prices. You may get heart attack looking at the prices going up and down.

i actually bought in 2002 when kijangs became available

i studied gold from 1999 to 2001 after the SEA financial crsis.
Know what? US was gearing towards that as well in 1990s with easy credits,etc

:Then took the plunge in 2002 to 2003. sold ALL my banking stocks and plunk then into gold.
That was the biggest gold investment.
i bought along the way......100k a year at major corrections till $1000
Some friends who followed sold out at $700s....only two remains.

i Havent sold a single oz yet.

After the 2008 plunge i went into mining stocks.........and now i am trading gold/silverthrough GLD/DGB and AGQ.

i still have not sold a single physical oz of gold yet. Was tempted to at $1900.....sold paper instead

Predicted gold price by end of this year USD2200/1oz by many so called themself the expert, website and blog. <--- This is bullsh!t
Do not believe, see the price now you know! A steep drop from USD1900/1oz to USD1655/1oz
Do not invest in gold unless you want to wait for another 5 years to collect back your principal and profit from it.

This post has been edited by buysell: Sep 25 2011, 04:00 PM