If gold prices still shoots up after Raya, all bets on correction to moving average line in few months are off.

Then how long after that gold price peaks before drops?

Public Banks's Online Trading system is also pursuant to office hours (when the counter opens). So, theoretically, it is limited to Malaysian time, not international gold markets time.

Ah! Gold spot been dropping since markets opened for the week!

I use a WP7 app on my Samsung Focus to track the gold price. It uses a 100-day MA, unlike Kitco's 14-day and 200-day ( I find Kitco's MAs too long or too short in seeing a peak/trough cycle for my needs ).

Gold spot has dropped down the 1800 USD mark again. Will it drop down to 100-day MA? Or at least hold below 1800 USD? Let's see!

Ah, too bad. Looks like gold prices will stay jumpy in the 1750 - 1850 band until some news push it up or down those lines, for us watching vultures to pounce on, either to profit or to top up.

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Added on August 30, 2011, 10:20 pmThat 100-day MA I use would probably rise to a new stabilised level if this continues.

This post has been edited by trencher10: Aug 30 2011, 10:20 PM

Hmm. Gold price jumped the 1850 mark. Wonder where the averages will lie or when a 2008-2009 drop [dropped 200 USD] can happen (the best time to stock up on gold).

Gold prices look too volatile for me looking back with 6-10 months data. Trying-to buy in at a good price point is getting harder. Short-term peak price points where profit-seekers also cash in seem to push prices down at times that make it jump in directions uncertain for the stable investor.

Except 916 has robustness for general circulation coinage, as opposed to 995 or 999 [Which is why most Islamic dinars are minted to 916/917 standards]. Though in such a situation, that means fiat money has literally gone up in flames!

This post has been edited by trencher10: Sep 5 2011, 10:41 AM

Well, I know for a fact when there's those stalls of Cash4Gold, fiat money is on the runs ... only very financially unwise people are unloading personal gold for small gains.

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Added on September 5, 2011, 3:48 pmThe bank or the Kijang you want to haul? Which one get better compensation? Lawsuit or on-the-spot exchange?

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Added on September 5, 2011, 3:51 pmSo much for Mahathir's Gold Dinar idea gone to waste ... while BNists and UMNOists once chewed out Kelantan's gold dinar as spurious economic value.

This post has been edited by trencher10: Sep 5 2011, 03:51 PM

The most simple case is to look at the 1981 gold price peak. Panic sentiment not based upon correct assumptions on general GLOBAL market trends.
Local gold prices according to one's currency is also an indicator to your nation's inflation conditions (or not, I'm actually unclear on this).
The current trend since 2008 or, one could say since 2001, is unlike the 1981 peak as the global economy is now tied to US monetary & fiscal policies that are increasingly unsustainable. The current rise will not stop unless a stabilised world economy reappears. Europe and America in turmoil is not going to send gold to drop overnight.

Unless they suddenly found a big 1 million tonne ore seam in someone's backyard ...



Oh .. but I advise if a mountain of gold appears at the Euphrates, stay clear of it ...

This post has been edited by trencher10: Sep 5 2011, 09:09 PM

For the new investors, they need to understand moving averages if they are to know when they want to buy gold at the prices they'd like. By averaging gold spot price over either a short-,medium-,long-term averages of days, you'd be able to see where gold price dips are to your purchase points.

But too bad they don't seem to have a longer timeline for the RM chart.

Heh. The price drop is not going to dampen gold's upward trend. Since the current global markets and economies, coupled with monetary policies like the Swiss, are slow moving behemoths that have been jolted by more larger crises, the Swiss peg are unlikely to do much than a realignment of portfolios than anything else. Great time to top up!

Really the past few weeks are unique in gold spot prices history, up and down in 100-200 USD ranges. Wonder which day-limit moving average should I use for medium-term ...

Actually, I never understood how that drop happened. Though it was a great opportunity to bail out of the fiat money games at that time (if you were so invested). The rise after that is satisfactorily explained, if not obvious.

Gold was rising since the Swiss peg effects tapered off, but now it dropped back from 1880 USD spot to 1830 USD spot. Does anyone know why? Could it be the news of revised inflation figures in China (they seem to be less than forecast)?

You'll have to understand what a recession is. And inflation. Then, you can understand why both can happen at the same time.

We'll have to find a country with decreasing populations to really find a real managed deflation. Japan could become one.

Should make separate threads of "Is it time to BUY GOLD now", and "Is it time to SELL GOLD now". And let the technical analyses, sentiment talk and general discussion concentrate here.