I only pay 5 1/2 cents spread for my Gold. Thats RM0.055 / gm

nothing wrong with Gold.. it has everything to do with the dollar... BOJ is hoarding the dollar in their stem to weaken their Yen. Thus, every dollar pairing gets affected, that includes XAU/USD, the gold pairing

buy in dips.....

u mean u guys actually queue up at the banks to buy/sell gold ah? oh man!! Have u all calculate the productive time spent, petrol, parking, stress & most off all, cost of funds .....

and i believe not everybody wld dump RM20K into gold jst to earn that RM500

lastly, isnt RM7 /gm spread too expensive? I pay only USD0.50 spread to buy 1oz of gold... if I may calculate :

RM7 / 3 = USD2.33
USD2.33 x 28gm = USD65/oz

imagine i pay only USD0.50/oz (the banks too) and u guys pay USD65 spread...The banks wld laugh when u buy gold from them!!

Lastly, there is such a thing called leverage... to buy 1oz of gold, i dont need USD1740 ... only USD4 margin is needed....



....... trade smart.... invest smart.... dont let the banks laugh

easy, then dont use the leverage... pay USD1740 to buy 1 oz of gold....

I wld rather use USD40 to buy 10oz of gold... once gold up by USD10, i'll have USD100 in pocket . that can be in a matter of hours... of coz, the reverse is possible like u said.. so keep yr gearing as safe as u can handle the risk...

where? for those interested, PM me if u :-

1) have enuf investment experience (gauge yrself).. sorry, i dont wish to teach kindies
2) holds principal credit card with limit > RM8K (to fund your account)


good luck......

This post has been edited by nemoexcel: Nov 3 2011, 12:55 AM

I wonder... some of u quote in RM, some gets excited in USD.... i presume u all trade thru local banks.. and those quote in USD jst wanna share that the current live rate is in USD? Correct me if i am wrong, thanks

But does the local bank's rate moves by the minutes? Could it be that while XAU/USD moved wildly (like tonight), but by 2mrw morning when the banks open, XAU/USD already down back to previous rate? Isnt that a "syok sendiri" ?

Tonight itself my profit from closing gold trades already USD87 .... .... tonight's USD1764 is the highest since Sept 23 when gold was diving its way down from USD1920 (6sept2011)... its wise to unwind all trades & wait for a better entry....

good luck guys.....



This post has been edited by nemoexcel: Nov 3 2011, 10:15 PM

if they categorise it as Hibah, then its allowed.....

USD's NFP @ 830pm tonight.... possibility of a volatile evening.... enough trading .. call it a day

good luck everybody....

bro, if USD up more, chances are, your Gold will drop. The reason today you are witnessing USD up, Gold up is bcoz Gold accelerates faster than dollar. Most often than not, it doesnt happen that way coz they are both negatively correlated... XAU/USD... fundamentals of trading.

take a look.. hmm... fundamentals vs technical

This post has been edited by nemoexcel: Nov 11 2011, 12:37 AM

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This post has been edited by nemoexcel: Nov 11 2011, 10:12 AM