The GOLD PRICE must escape the gravitational pull of $1,350, although it closed above that today. May high for gold was $1,487.20, but the biggest hurdle is $1,500, and beyond that $1,550 where the April debacle began. Next resistance for gold is $1,400. Everything is in place for a huge rally.

Stop waiting. Buy gold and silver.

http://silver-and-gold-prices.goldprice.or...-to-136160.html

Still holding here... let's move the front line prawns up to 1350, I'll move my support wall to 1300.

I don't think 1350 will be revisited anytime soon for now..will interesting to see how POG will react when europe opens in the afternoon

This post has been edited by tchtax: Aug 16 2013, 10:13 AM

same goes to me. gonna hold it till less or equal than 1300
i nearly bought it at 1320 last time

Don't be so sure yet.

In order for Gold to "less likely" visit the lower price, you need at least $100 buffer or spread or higher.

Gold can move $50 a day.. it's that easy because its' all by percentage relative to all other commodities.

The things is Gold and USD raised at the same time

China and India may not be enough to rescue gold: Clyde Russell

With gold demand slumping to the lowest in four years in the second quarter, bulls are grasping to hold on to anything positive and right now that means India and China.

India regained its lead over China by buying 310 tonnes in the second quarter, up 71 percent from the same period in 2012 and 21 percent above first quarter purchases.

China bought 275.7 tonnes in the second quarter, a jump of 87 percent from the same period last year, but 6 percent below the first quarter's demand.

But even the strong demand in the Asian giants wasn't enough to offset the dramatic outflows from exchange-traded funds (ETFs), which saw 402.2 tonnes of sales, more than double the 176.5 tonnes that flowed out in the first quarter.

This meant that total gold demand was 856.3 tonnes, a drop of 12 percent from the same quarter of last year and the lowest three-month total in four years.

It is a weird movement last night.

Gold shoot up, despite good economy data.
Previously gold plunged when economy reported good data, that may prompt for Fed tapering.
But yesterday, it is the reverse.

Good economy data, USD rise, treasuries rise, gold also rise.

Many analyst may need to work OT and search hard to find the reason, to justify the rise...

One of the most widely accepted truisms in what passes for our financial media is that the dollar and gold are correlated: when the dollar weakens, gold rises, and when gold rises, the dollar declines.
Do the trends up and down align inversely? In other words, when gold is rising, is the dollar declining, and vice versa?
Nope. The supposedly inversely correlated DXY and GLD have risen in tandem for several significant stretches of time.
Conclusion: there is no correlation between gold and the U.S. dollar index. Not even close.The two move independently; any apparent correlation is semi-random signal noise. They are not on a simplistic see-saw.
http://www.zerohedge.com/news/2013-07-08/a...dollar-and-gold

This post has been edited by yklooi: Aug 16 2013, 03:37 PM

This article may gives us some hints

Is This Why Gold Is Spiking





That JPMorgan has been scrambling day after day in the past week to meet gold delivery requests directed to its vault located deep under 1 CMP is no secret, at least not to our frequent readers. This peaked on Monday when, courtesy of a color-coded Comex scheme, we showed how panicked the lateral moves between various Comex gold vaults had become to preserve the illusion of physical availability.



However, as yesterday's Comex report showed, instead of tapering, JPM was just slammed with yet another 70K delivery (registered to eligible warrant detachment), which will likely appear on either today's or tomorrow's settlement. And since the other gold vaults appear to have no more freely transferrable gold to hand over to JPM as everyone is now scrutinizing their every move under a microscope, JPM may no longer have the option of ignoring the mess its vault is in. Which means it has one option: to start buying the metal in the open market.

And sure enough, breaking from the "standard" of the past 8 months, in which JPM was drowning in Issues, for both House and Customer accounts, the firm's House accounts just saw the largest Stop (i.e. taking delivery) since December of 2012, amounting to over 210K oz.

Has JPM, flooded with demands for physical, finally thrown in the towel, and seeing that the deluge in delivery requests is "untapering", had no choice but to turn to the one place it has left to replenish its stocks: the market?

If you believe gold's going to go up, buy silver

kijang emas steady rising up...

gold price was 1314/oz on monday and it's now at 1363/oz on friday. the market is closing soon. i wonder what will happen when the market re-open next monday.

Gold Near Two-Month High as Stocks Drop, ETPs Stabilize

The break above $1,350 prompted a short-covering rally even though expectations are still for the Fed to scale back stimulus,” said Yang Xi, an analyst at Yongan Futures Co. in Hangzhou, China, referring to some investors closing bets on losses. “Physical demand for gold rises and falls with the price. Between the two, silver seems better placed as industrial demand should increase if the economy recovers.”

While assets in the SPDR Gold Trust, the biggest bullion-backed exchange-traded product, decreased yesterday to 912.92 metric tons, holdings are heading for a weekly increase for the first time this year. In China, consumption increased 54 percent in the first half, the China Gold Association said this week.

Last time said ready if go up to 1330 BUY
IF going up again to 1360 next week thats mean VERY GOOD

U guys restock? This positive trend is going to continue till when

Up up up again... More bright for long.... Perhaps

Hi guys and girls,

I bought a fair bit of silver and gold, but it is with the Bank's investment accounts in late July. Realized it was kind of silly. Because the amount is not protected by PIDM, and if I were to withdraw physical, its kinda pricey, my as well buy physical straight.

I am ready to purchase bars, coins and bullion's for both silver and gold, where may I purchase them? or with credible dealers?

Edit: Prefer if they can offer buy back as well.

This post has been edited by bryanyeo87: Aug 17 2013, 08:33 PM

Needs some Luck n a proper knowledge with Heavy Hobby in gold ...
Day n night year to year gold always Importand than MONEY its should be ok

maybank?
what hapen? u cant withdraw/sell ur gold?