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Gold Investment Corner V7, all about gold
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TSdavinz18
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Jul 31 2013, 04:15 PM, updated 12y ago
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TSdavinz18
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Jul 31 2013, 04:19 PM
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Gold headed for biggest monthly gain since Jan 2012
"We see some speculative buying on gold and silver," said a Hong Kong-based precious metals trader. "Stops were triggered once gold hit $1,330."
"There is also month-end buying from funds as they window dress their portfolios."
Gold premiums in Shanghai have eased from last week, indicating a slowdown in demand. Shanghai gold was about $16 more than London spot prices, down from more than $25 last week.
Gold imports by India have halted since July 22, when the central bank announced new rules tying imports to exports, sending premiums for scarce stocks soaring.
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mousepad87
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Jul 31 2013, 09:10 PM
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congratulation on the V7! USD/oz = 1324.02 looking for physical gold! anyone selling?
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icemanfx
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Jul 31 2013, 11:57 PM
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SUSWintersuN
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Aug 1 2013, 08:30 AM
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QUOTE(icemanfx @ Jul 31 2013, 11:57 PM) haha something very similar to what happen to me
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suadrif
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Aug 1 2013, 09:12 AM
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QUOTE(davinz18 @ Jul 31 2013, 04:15 PM) why link no 1 give no value at all? it says gold price at 1 august is rm0.00/gram??
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TSdavinz18
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Aug 1 2013, 04:51 PM
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Gold eases on US data and stronger dollar
"I think people might be hard pressed to come up with a really compelling reason to put new positions on gold based on that one statement," said a Hong Kong-based precious metals trader.
"If we see a very strong recovery in the employment situation, that will unsettle the markets," he added.
US nonfarm payrolls data is due for release on Friday, and will follow Wednesday’s gross domestic product and jobs data that painted a brighter picture of economic growth.
Physical demand for bullion also remained quiet. Shanghai gold futures turned negative after gaining at the open, indicating soft buying in China — the world’s second biggest bullion consumer.
In top buyer India, gold imports have come to a halt due to uncertainty in import policy, keeping premiums high at about $45 an ounce over London prices.
The Indian central bank had still not issued any clarification to importing agencies regarding a rule that ties imports to exports, a Mumbai-based dealer said.
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perfect10
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Aug 2 2013, 09:37 AM
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gold price going down again
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tchtax
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Aug 2 2013, 11:16 AM
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I think there's more downside to this. It's not over (Don't ask me abt technicals...I'm pretty bad at drawing.  )
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pobox
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Aug 2 2013, 01:42 PM
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Roller Coaster, man, roller coaster. $1286 now.
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TSdavinz18
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Aug 2 2013, 03:19 PM
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What goes up must come down one day
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vincentwmh
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Aug 2 2013, 03:36 PM
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aiyoyooo.. after lunch saje, gold LAU-SAII.., CIRIT BIRIT <<1287
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vincentwmh
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Aug 2 2013, 03:38 PM
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QUOTE(davinz18 @ Aug 2 2013, 03:19 PM) What goes up must come down one day  correction.. its should be " what goes up will/must come down TWICE faster than it went up" This post has been edited by vincentwmh: Aug 2 2013, 03:38 PM
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TSdavinz18
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Aug 2 2013, 04:24 PM
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Gold heads for weekly decline as jobs data loom
The metal faced a weekly loss of more than 1%, which would be its first such drop in four weeks.
Brightening economy data raise expectations that the Fed will slow the pace of its monetary stimulus, which has been considered a drag on the dollar’s value but a boon for gold prices in recent years.
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danmooncake
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Aug 2 2013, 08:34 PM
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Buy the dip!
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AVFAN
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Aug 2 2013, 08:45 PM
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QUOTE(danmooncake @ Aug 2 2013, 08:34 PM) Buy the dip!  u always turn up when price fall but disappears when price is up. hehe... This post has been edited by AVFAN: Aug 2 2013, 08:46 PM
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danmooncake
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Aug 2 2013, 09:29 PM
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QUOTE(AVFAN @ Aug 2 2013, 08:45 PM) u always turn up when price fall but disappears when price is up. hehe...  Well, I'm watching Ben. Ben watching the shoreline as lifeguard but he took off for short break for two days. Tide receded slightly below 1300, that's the line in the sand. But, I don't see sharks yet. .so stay the course. Hold that 1300 line!
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EddyLB
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Aug 2 2013, 11:13 PM
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QUOTE(danmooncake @ Aug 2 2013, 09:29 PM) Well, I'm watching Ben. Ben watching the shoreline as lifeguard but he took off for short break for two days. Tide receded slightly below 1300, that's the line in the sand. But, I don't see sharks yet. .so stay the course. Hold that 1300 line!  Your wish came through. Went back up above 1310 Are you short or long ? Same court with us or opposite ?
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danmooncake
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Aug 2 2013, 11:47 PM
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QUOTE(EddyLB @ Aug 2 2013, 11:13 PM) Your wish came through. Went back up above 1310 Are you short or long ? Same court with us or opposite ? Long!! See v6, post #2424,#2470 I'm on the bulls team for now.  We need the front line bulls to hold their ground and build up the wall of defense at 1300. I'm holding the secondary line of defense at 1250. This post has been edited by danmooncake: Aug 2 2013, 11:58 PM
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