The important lesson we can learn here is, always buy Gold before Bernanke speaks! Throughout his tenure, without fail, Gold shoots up when he opens his mouth.

Wonder if Gold will make another attempt at 2000, it certainly looks quite likely.....I would sell when it nears 2000 and buy when it breaks 2000...

The lowest spread for Gold investment account is actually at UOB singapore, negligible spread, but with maintainance fee or 0.25% per annum

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Added on August 28, 2011, 10:54 amYou'll have to make a trip down south but it's worth it if you have enough capital to invest

This post has been edited by eXTaTine: Aug 28 2011, 10:54 AM

This news should have positive impact on Gold prices in the near term...Means that ppl are anticipating QE3

http://www.bloomberg.com/news/2011-08-27/b...-on-easing.html

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Added on August 28, 2011, 9:43 pm10c per gram..

This post has been edited by eXTaTine: Aug 28 2011, 09:43 PM

Paper Gold is good, can get from UOB. But don't buy physical, it sucks as GST is charged

Just wondering, are you a full-time trader? Do you trade mainly on technicals? How has it been going for you, and how long have you traded?

A further move down, since Gold could not hold the 1800 level? If there's no event to cause the price to rise, I think the downward trend will continue in the short term..

I can't believe it, Gold is rallying like crazy again!!! And the momentum is incredibly strong also, looks like Gold's not gonna go towards 16XX at all....

Any drop will be limited, as there is no real good news in the economy that can possibly bring a long term correction

Haiyo...small drop like that, nothing unusual la.

On another note, I have a sneaking suspicion that Gold will retest the 1779 level before making another jump.

Very wide swings in the price of Gold after the announcement. I don't understand why it go up then go down.....very dodgy...

The situation for the short term really looks bearish, I think the correction in Gold and Silver will persist for the time being..

I figure the low 1600s would be a good entry point, maybe around 1630 level?

Based on the current movement, and based on the fact that there is an unfilled gap around the 1670 level.

I think 1700 will be breached with the current sentiment...I've been observing the gold price movement and there is too little momentum to the upside....note the Fed announcement was just 2 days ago...so it still has more room to drop...

This post has been edited by eXTaTine: Sep 23 2011, 05:27 PM

Wow....1657 bottom on the December Comex Gold.....100 dollars down today!

Bottom for Comex Gold December 1631.7, Silver dipped below 30 for a brief moment!!!

Target price met, support on 1630 held...so I think the drop is over for the immediate term....

Then next support 1600? Possible to below 1630, but I think at least for the next week or so we have seen the bottom.

Margin increase on Gold and Silver...what will be the impact on Monday?