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 Gold investment corner v4, Will gold price achieve USD2000 by 2012?

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kuhfayLover
post Nov 21 2011, 03:11 PM

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Does anyone knows that any other branches that selling kijang emas or uob gold coin except the maybank hq and uob jalan raja laut? Thanks.
iamseng
post Nov 21 2011, 04:25 PM

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Hi for those of u who use UOB. Is there any way to top up ur gold account without buying at the counter, ie standing order by phone?
potenza10
post Nov 21 2011, 04:57 PM

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QUOTE(kuhfayLover @ Nov 21 2011, 03:11 PM)
Does anyone knows that any other branches that selling kijang emas or uob gold coin except the maybank hq and uob jalan raja laut? Thanks.
*


why not u check at their website for branch list that sell kijang emas? Then u can call your preferred branch and ask.
kelvinlym
post Nov 21 2011, 04:57 PM

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QUOTE(gogo2 @ Nov 18 2011, 01:22 PM)
No such thing as economy collapse.
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Never heard of hyperinflation have you?
kuhfayLover
post Nov 21 2011, 05:18 PM

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QUOTE(potenza10 @ Nov 21 2011, 04:57 PM)
why not u check at their website for branch list that sell kijang emas? Then u can call your preferred branch and ask.
*
branch list? sweat.gif
anyway, did so for few nearby branches before, but none of them selling...
just see if anyone here can share if he/she did bought any from other branches before.
potenza10
post Nov 21 2011, 05:45 PM

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I bought from alor star branch..but hardly can get 1oz.go and search at their website for which branch sell the coin...
xproc
post Nov 21 2011, 10:39 PM

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QUOTE(iamseng @ Nov 21 2011, 04:25 PM)
Hi for those of u who use UOB. Is there any way to top up ur gold account without buying at the counter, ie standing order by phone?
*
buy from those people wanted to sell, coz sell back to bank price is lower, depends your nego skill lor, you can buy cheaper they can sell higher price than sell to bank

but need find and search lor
potenza10
post Nov 21 2011, 11:03 PM

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He meant for paper gold i think...not physical gold
btw, gold is going downnn...1700 possible tonight.
xproc
post Nov 21 2011, 11:19 PM

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QUOTE(potenza10 @ Nov 21 2011, 11:03 PM)
He meant for paper gold i think...not physical gold
btw, gold is going downnn...1700 possible tonight.
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ya... i installed google chrome extension can monitor gold price anytime
potenza10
post Nov 22 2011, 12:08 AM

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Because msia won gold medal for football, so gold price fall below 1700 tonight...
hongchai888
post Nov 22 2011, 07:58 AM

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When will gold drop? Keep increase how to buy?
potenza10
post Nov 22 2011, 08:02 AM

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Drop already last night..now below 1700
wongmunkeong
post Nov 22 2011, 08:04 AM

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QUOTE(hongchai888 @ Nov 22 2011, 07:58 AM)
When will gold drop? Keep increase how to buy?
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Bro, drop liao lar, mana keep increasing?
USD1,676.55 now 22/11/2011 8:05am GMT +8
http://goldprice.org/live-gold-price.html

How to buy? Use cash or credit at banks or jewelry shop tongue.gif
Just kidding - dont throw them gold bars at me yar, painful notworthy.gif

This post has been edited by wongmunkeong: Nov 22 2011, 08:05 AM
hongchai888
post Nov 22 2011, 08:13 AM

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morning all, yea I know but USD super high, after convert today's bank selling rates should be around RM 185/gm, correct me if I am wrong, thank you
potenza10
post Nov 22 2011, 08:33 AM

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Ohh..i'm tempting to see price movement for public gold last night...
wongmunkeong
post Nov 22 2011, 09:44 AM

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QUOTE(hongchai888 @ Nov 22 2011, 08:13 AM)
morning all, yea I know but USD super high, after convert today's bank selling rates should be around RM 185/gm, correct me if I am wrong, thank you
*
FYI - PBank's Sell price now RM175.8400 as at 22/11/11 9:15 AM
http://www.pbebank.com/en/en_content/perso...goldinvest.html
Irresistible
post Nov 22 2011, 10:16 AM

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QUOTE(wongmunkeong @ Nov 22 2011, 09:44 AM)
FYI - PBank's Sell price now RM175.8400 as at 22/11/11 9:15 AM
http://www.pbebank.com/en/en_content/perso...goldinvest.html
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Do u plan to buy now ?

I think it will at least drop to $ 1650, lets see...
potenza10
post Nov 22 2011, 10:37 AM

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Any news related to yesterday night drop?
Alexdino
post Nov 22 2011, 11:01 AM

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QUOTE
The GOLD PRICE kept on dropping today, losing $46.40 to close Comex at $1,678.30. (Remember it lost $54 last Thursday.) Once it broke Thursday's and Friday's $1,712 low, it plunged to $1,667.71 very quickly.

That brings us to the first support at $1,675. Today's low cut through the rising trend line, a leetle-bit, but closed above. If it breaks that line at $1,675, next strong support comes at $1,605, with some mushy support at $1,650. Below $1,605 lies $1,535 and $1,475.

Not predicting, just cataloging. The GOLD PRICE could stop at at any of those. You might also bear in mind that the 150 day moving average, now at $1,646.25, has frequently and regularly backstopped gold during this whole bull market. Certainly might catch there, too.

As I said, I'm not predicting. Right now, I'm averaging down, buying more gold whenever gold hits a new support level. I've been doing this too long, so I know how you pick your own pocket by holding out for "just a little lower price." Saying is, "Bulls get rich, bears get rich, and pigs get slaughtered." I have no ambition to become bacon.

The SILVER PRICE lost 130c on Comex and ended the day at 3111.3c. High came at 3219c, low at 3065c. Recall that Thursday's low was 3088c. That might be a double bottom developing, unless silver gainsays that suspicion tomorrow by trading below 3065c and staying there.

Below several possible turnaround targets present themselves. One is 3000c, home of the next to the last low. Another is 2843c, low before that. Then there is 2615c, the spike low in September.

All are possible, and my solution for myself is to buy more at each new support level. This tactic leaves me undisturbed and calm, because I expect SILVER and GOLD will roar back to triple or quadruple before this bull market ends, and I won't miss the low.

Today the GOLD/SILVER RATIO stands at 53.907. Swappers who earlier in the spring swapped silver for gold at realized ratio of 41.46:1 or lower can swap gold for silver now and realize a 30% or greater gain in silver ounces. Remember that market proverb about bulls, bears, and pigs.

We might as well have some fun today. None of us are getting out of here alive anyway.

On Friday with the Dow at 11,791 I said it had an initial (beginning the drop, just beginning) of 11,250. Today it logged half of that with a 248.85 drop, falling 2.11% and landing at 11,547.31. S&P500 lagged a tad, falling only 1.86% (22.67 points) to 1,192.98.

Today's dive takes the Dow below the 50 day moving average (11,533). Stop waiting for another rise toward 12,400, because it ain't coming.

Stocks: signal proof how good the yankee government is at managing the economy.

US DOLLAR INDEX today solidified its breakout Friday thru the descending trendline. Today it gained 19.5 basis points (0.25%) to close 78.256. Dollar need only remain above 78.10 to remain in the rally game. Higher dollar coming. Watch for it.

Japanese yen lost a minute 0.18% today to close at 129.96c/Y100 (Y76.95/$1). Where are those Nice Government Men when they're needed? Uppity yen needs chastising!

The Franken-currency, the euro, dropped 0.2% to 1.3497. Grind, grind, grind, it just keeps on grinding lower and lower toward its 1.2000 target.


Gold Price Dropped Today, I'm Buying At Each Support Level Not Missing The Low


Added on November 22, 2011, 11:02 am
QUOTE(hongchai888 @ Nov 22 2011, 08:13 AM)
morning all, yea I know but USD super high, after convert today's bank selling rates should be around RM 185/gm, correct me if I am wrong, thank you
*
USD at 3.18, now price at RM174/g

This post has been edited by Alexdino: Nov 22 2011, 11:02 AM
thunderaj
post Nov 22 2011, 11:45 AM

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gold price myr 172.65 per gram .. trend coming down.


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