Quite a numbers of u sell ur gold already ! And plan to buy at a lower price.

What is u guys [targeted buying price ? In US$  & RM /g ?    RM 170 /g    possible bo ?[/B]

i"m hoping at least 170-175 between nov and dec timeframe....

but, USD currency strengthen....

what price u guys will enter in for GOLD ?

slim chance of gold nearing 1600....

The GOLD PRICE failed in its second try at $1,800. Reached for it on Monday, but fell back to $1,760 - $1,765 and traded sideways through Wednesday. Once it broke $1,740 on Thursday, gold tumbled all the way to $1,711.

Can't interpret that as anything but a breakdown. This should be the second and final leg down we've been waiting for.

How far will it run? Support remains at $1,705, and below that at $1,675. The GOLD PRICE caught this week at the 50 dma (1,715.80) but next week might reach $1,675. If that holds not, then look at $1,600, $1,536, and $1,475.

Today the GOLD PRICE gained $4.90 to close Comex at $1,724.70, a flat wee bounce after falling $54.00 yesterday.

In view of the unsolved European crisis and the ripeness of this gold correction, I am ready to start buying by averaging down. Buy some at $1,705, $1,675, $1,605, etc. BECAUSE I DO NOT KNOW WHERE THIS WILL START BUT I AM CONFIDENT GOLD REMAINS IN A BULL MARKET WITH FAR MORE UPSIDE. Whatever 10% or even 20% downside risk remains here is peanuts compared to the triple or quadruple upside.

The SILVER PRICE was taken to the same woodshed as gold. Once it broke 3350c on Thursday, silver never stopped until it hit 3088c. Today it rebounded, but not with anything more than a dead cat bounce to 3250c.

To gainsay this breakdown, silver would have to close above 3250c then rapidly above 3400c.

Down below several landing zones appear possible. 3000c is one, then 2850, and finally 2600c. Lower prices are possible, but not likely.

I expect to see most of the metals' downside in the next two weeks, if not sooner. DON'T MISS THIS: Right now, when every timid heart, including your own, is trembling, audacity and a cool head will pay off. Now is the time to buy, not when all the silly media cheerleaders have discovered a strong upward trend and prices are running away to the upside.

GOLD SILVER RATIO swappers should mark that my commentary yesterday contained an error. I meant to recommend you swap silver for GOLD, not vice versa. Ratio is rising, which means silver is growing cheaper against gold, and we always swap from the dear metal into the cheap. If you swapped silver for gold in the spring at any level lower than 42:1, you can swap gold for silver now and realize gains in silver ounces above 28.5%. Me, I would scoop those ounces off the table and into my lap.

SWAPPERS who swapped higher than 42:1 keep on waiting for a 57.5:1 ratio, which may come soon.

Delude not thyself, neither listen to siren voices blaring that the precious metals bull market has ended. It has not, and will run to yet greater heights in the next 3-10 years.

I don't know what happened and can't find out yet, but my commentary for 17 November was not sent out or posted to the website (there was none for 16 November). Whenever they're not posted at www.the-moneychanger.com you can also check at www.goldprice.org, where they are also posted.

The week was not kind to the little things, or to anything else, except the US dollar index. Ever-volatile silver and palladium took the deepest wounds, but stocks didn't lag far behind. Never mind the two bank-owned shills who seized power in Greece and Italy, markets are not satisfied. That fear and uncertainty is churning all markets, and will until some real solution is brought forth. By the way, "real solution" includes not "haircuts" for the banks, but "eviscerations." A debt jubilee. Debt is so huge that it can't be paid without perpetual debt slavery. This crisis snowball is fast rolling down hill, and soon will speed out of control, I fear.

Before I say anything, I want y'all to know I'm tearing the tops off the charts and reading out whatever they say, good or bad. If y'all don't like it, don't shoot the messenger.

Stocks this week fell down out of an even-sided triangle at 11,950 and gives the Dow an initial target of 11,250, below the 50 day moving average (11,523 today). Now looks as if the Dow will NOT make any final push up after all.

All this is a breakdown after a Jaws of Death has formed, a most reliable top formation. Bad vibes. Bad karma. Bad juju.

Today the Dow gained 25.43 (measly 0.22%) to close at 11,796.16. S&P, on the other hand, dropped 0.48 (0.004%) to 1,215.65, while the Nasdaq Composite and Nasdaq 100 both closed slightly lower. That argument signals bewilderment in the market, and bewildered markets don't rally, generally.

Stocks -- somebody (not I) might be able to pick winners in the next 4 years, but there' won't be many. Most will be mauled by the bear.

US DOLLAR INDEX dropped 20.1 basis points today (0.26%) to 78.081, but look, folks, it jumped in one week 117.5 basis points 1.5%. Money fleeing Europe is driving it, and will drive it. It is rallying, and could reach 83.15.

The Japanese Nice Government Men will have to tame the rambunctious yen, and right soon. Without exports, Japan will become an island of unsalable parked cars. They've hit it twice since the earthquake, but every time it comes right back -- lots of scared money out there looking for a refuge. They must hit it again soon. Today at 129.98c/Y100 (Y76.93/$1).

The world is so scared of the Euro that it has gapped down twice in the last two weeks and will continue to fall toward 1.2000. Closed today 1.3515, up 0.39%.

We have a beautiful glowing red-orange fall sunset here this evening, better than fine wine.

Y'all enjoy your weekend!

Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures.

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.

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

IMHO, it looks like it's rising again from a recent dip. I manage to top up during the dip. 

If I were you, I'll buy asap. Of course, take my advise at your own risk!

And yeah! Congratulations! 

UBS, Switzerland's biggest bank seems to agree on this. "As we enter 2012, neither gold nor the Swiss franc retains a safe haven status as originally expected at the end of 2010," UBS Chief Investment Officer Alexander Friedman wrote in the letter.

Reuters conducted a poll among 20 hedge fund managers, economists and traders. Almost half of respondents predicted bullion will fall to 1,450 an ounce in the first quarter next year, with three seeing prices as low as $1,400 an ounce. Four said they don't expect a new record high until at least 2014.

wow. younger generation these days thinking about investing.
on my days, i was thinking about ps1 and tony hawk pro skaters 4. LOL