buy low, sell high.

This post has been edited by fiqir: Dec 31 2011, 02:42 PM

http://goldsilver.com/news/stephen-leeb-ex...0-gold-in-2012/

some forecast gold to hit 3000, silver 60 by 2012

IMO not in 2012, maybe 2013/14

you are right!!

my advice is, juz keep on waiting, because the price will still drop next year..

im a banker actually, commecial banking Relationship Manager..

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Added on January 1, 2012, 5:04 ami mean dis year, 2012...

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Added on January 1, 2012, 5:07 amthe price will drop below 1500..for sure dis year..

This post has been edited by nasze_89: Jan 1 2012, 05:07 AM

Haha.. You got crystal ball is it?

Whoever u are, no one knows whats going happen next year lahh..even a PM..hahahahhaa..lousy claim i've ever read in this thread.

If you are that good in prediction, why you still working in bank?

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Added on January 1, 2012, 6:07 pmI just bought 35g at RM166.5 paper gold then bought another 36g real gold necklace @S$67/g at 2nd hand jewelry shop, 2 weeks ago. Thinking of both ways to hold the gold investment, paper and physical.

A question here, what is the best way to let go real gold on hand, which is unlike paper gold, must sell back to bank?

This post has been edited by alex_quah: Jan 1 2012, 06:07 PM

Joint gold lot shop at fb...sure can get a buyer.

Bank don't buy back physical gold. Goldsmith does that. Besides you will be selling at around 15% lower than the market value

Correction.

Bank does buy back what they sell i.e kijang emas,maple,kangaroo etc

Bank will only buy back the physical gold that the sell you.

Hi. Newbie here. Anyone here has KFH gold account? The basic rule is buy low and sell high right? Referring to KFH website, the gold price is for which type of gold (999,916,..)? Enlighten me pls. Thanks.

KFH= 99.5.
Please get down the previous gold investment thread(V1-V4).
Lots of information u will get there.

May be only. No one knows the time.....except god

Thanks. Appreciate if #1 post of V4 could include the links of V1-V3 for easy reference.

please share some information.... we need to hear more sense before taking ur words...
sharing us some facts is more convincing than telling us r a manager... i bet u dun tell ur customer to listen to u just bcos u r a MANAGER..

Gold losing its shine, price may drop further
Published: 2012/01/02
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GOLD'S 20-day moving average falling below its 200-day and its brief foray into a bear market suggest momentum has turned bearish and a further pullback could be on its way.

Bullion's 20-day moving average (DMA) dipped below its 200 DMA last Thursday, in what technical analysts termed a "death cross", as the short-term momentum has turned more negative than long-term trend. That could show that the current downtrend is pervasive.

"Any time there is a death cross, the market is telling us that the underlying strength has changed from bullish to bearish," said Adam Sarhan, chief executive of Sarhan Capital.

Sarhan compared gold's technical charts in December to a slow-motion train wreck, with the metal having plunged below its long-term upward trendline for the first time in three years and its key 200 DMA.

"When you start seeing a lot more bearish technical events occurring, more and more shorter-term traders are inclined to selling their positions," Sarhan said.

Bullion has ended the year up 10 per cent, but this was its smallest annual rise in three years and in the final three months of the year, it notched up its first quarterly loss since the third of 2008.

Spot gold rose as much as two per cent to above US$1,580 (RM5,024.40) an ounce last Friday, but a day earlier they briefly dropped more than 20 per cent from its record high of US$1,920.30 set on September 6, flirting with the common definition of a bear market.

"A negative crossover in moving averages can be seen as a selling signal," said Tim Riddell, head of ANZ Global Markets Research, Asia.

The last time a death cross clearly formed was in August 2008, following gold's sharp rally towards US$1,000 (RM3,180) an ounce. The metal then tumbled to around US$680 (RM2,162.40) an ounce in October 2008, just two months after its 20 DMA plunged below its 200.

The S&P 500 index also formed a death cross in August but it managed to quickly recover losses. Other markets such as the euro headed for steeper fall after the bearish formation.

The metal enters the new year on an uncertain footing and appears to have lost its safe-haven status, moving in tandem with equities and other riskier assets.

"We think gold could struggle into the first part of 2012 and potentially drop into the US$1,300 to US$1,450 (RM4,134 to RM4,611) region," said Mark Arbeter, chief technical strategist of S&P Capital IQ.

Selling accelerated in December as hedge funds scrambled for cash to meet client redemptions and European banks trimmed their gold holdings to raise capital. The latest data shows that investor bailout continues.

Managed money's bullish futures position fell for a third consecutive week in the week to December 27, hitting its lowest level since early 2009, and open interest dropped to its weakest since April 2010, CFTC data showed last Friday.

Gold prices extended their winning run to an 11th year last Friday despite a year-end pullback, gaining 10 per cent from 2010 as investors sought refuge from the euro zone debt crisis amid worries about global growth.

US February gold futures on the Comex division of the New York Mercantile Exchange settled up US$25.90 (RM82.36) from the previous day at US$1,566.80 (RM4,982. 42), ending the year on a positive note as the metal rebounded from Thursday's sharp losses.

At the end of 2010, gold closed at US$1,419.45 (RM4,513.84) an ounce.

Gold is one of the best-performing commodities of 2011, even though it recorded its smallest annual gain in three years. Bullion fell heavily in December, pushing the metal to the brink of a bear market, as hedge funds scrambled for cash to meet client redemptions and European banks trimmed their gold holdings to raise capital.

Managed money's bullish futures position was at its lowest since early 2009, a sign that investors were bailing out of the market, data from the US Commodity Futures Trading Commission showed. Reuters


Read more: Gold losing its shine, price may drop further http://www.btimes.com.my/Current_News/BTIM...l#ixzz1iGHgWGUQ

This post has been edited by DM3: Jan 2 2012, 09:59 AM

Yup, anybody can help?

Try here
Buying Gold As Investment V2
Buying Gold As Investment V3