Trading with feeling is dangerous.

I think it is reacting like the 2008 crisis.

Well it works for some. Some also say technical analysis is crap. To each his own...

Of course its not just based on feelings, I have sevral reasons to think so, but ultimately, nothing is certain and I have to rely on my gut feel to indicate its direction..

because nowaday ppl trade/goreng gold like goreng share??? so no more = save-haven?

Amazingly, gold recovered all its losses and the Fed even hinted at more quantitative easing!

gold .MYR 157.64 per gram bounce back from 155.35 yesterday.
i believe this week closing price could be higher than last week.

Yup! Nothing is certain. Only managed risk.

ppl here talk, but like never talk
veri informative thread

what kind of information u want?

gold investment is a long term thing...

gold future contract is not cheap , is dangerous high risk, there r many HFT in the market.

HFT???What is that?explane please....

futures trading

you can be in for long term or out in short term... when the time is right to exit...

on hindsight, if you had bought on Dec 29, you could gain more than 8% within 2 months.

to me, it's buying opportunity... i got my 50gm below 160/g... and happy with it.

if it goes back up above 175/g by end of the year... i exit.. 9% gain within 6 months...
(hopefully. if not, hold till it goes up next year... it already went above 1800, so it likely happen again...)
if it drops further below 1500, buy more...

It is.
But small (& conservative) player here, only diverting some FD to savings acct in gold.

we seen the peak above 1800, so it's not mission impossible for it to reach that high...
i think it will linger within 1530 - 1580 for awhile... it can go up, it can go down... who knows... it's "investment" risk!

take into account that gold is gold... it's a reflection of the state of economy around the word... primary trend is up since the world progresses... can be minor correction with small downward trend; and won't go back too much... once nasi lemak cost more, very difficult for it to cost less even if more people goes jobless.

at the moment, world stock markets going down and countries' development slowing down... seems like people selling gold and nobody buying them when people feels less wealthy... maybe also groups of people not so wealthy but buying gold because many smart persons saying it will up 2000 and no holding power, so have to sell at lost... the really wealthy people then will pick up cheap gold... so there is a level that gold can only drop to... what level? only the really wealthy people knows... when it goes up, it will also goes up as quick as it falls.... since another group of people who normally don't buy gold but will join the bandwagon because some smart persons will again say gold will go 2000 and beyond.

informative enough?

just my two sens. (would luv to say 'just my 2 oz" but only got less than that. )

very frankly, people with gold will never sell it at market rate, more so when its low.

banks also don sell physical gold. just only some ponzi paper "gold" to roll around your money and give u divideds.

real owners of golds wont even wanna sell it unless you bid for it. And it wont be cheap.

gold value will only drop if it has no more industrial worth (ie new discovery of mineral to replace gold). Remember how aluminium used to be very precious?

yup, basic supply and demand economics... people holding gold and not selling are also not buying; and they are not the only sources of gold; did someone tell the gold mines to stop?

maybe you care to inform us what level you will top up?

btw what dividends were you talking about?

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Added on May 24, 2012, 11:43 pmr u sure u r posting in the right page, & not the funnies?

This post has been edited by j.passing.by: May 24 2012, 11:43 PM

i mean dividends. lol.

some banks allow u to keep your gold in their and u can tell them to roll it out and give u dividends. (ie they use your gold to sell more paper gold).

eh u dunno about the history of alluminium? oh lol

Dear happy4ever,
I’m lost & speechless... maybe u can pm me and tell me more...and rescue me from further embarrassment in this thread.

Which bank give dividends for gold account?
If got then I can bank there and even if gold price is not stable, i'll just consider it as a normal savings account except using Gold rate as the currency.

haha, he is a very funny guy. If he is right, everyone here will be utterly embarrassed too, Man, we lost out all the dividends from the bank all this while !

And alumminium, which sells by Metric Ton, could be grouped as precious ?