Buy 148, Sell 142

holding gold is not a bad idea la... humans been doing this for >2000 yrs...

but seriously, the biggest reason now is about the rm.

gomen/bnm seems not interested to keep rm strong.

rm looks set to get to 3.30 per usd (and that is supposedly to be a crap qe1-2-3 nobody want currency??) and 2.60 per sgd next few days.

some even say it's good to let it silde and slide so that palm oil cos. can make plenty.

but watch out for prices of chicken, bread and drugs...

This post has been edited by AVFAN: Aug 19 2013, 06:59 PM

Spot price MYR144/g

Not only Palm oil but Rubber price also up ( sms 20 ) from 690 jump to 770 just in a few days ...
RM just a little bit Low frm SGD n Bath but some Malaysian very happy with this ...
But Gold always unbeatable ...

The goldbugs in this country are taking double hit. Hit on price increase on PM itself and increase on USD.

When was the last time we heard from the finance minister and BNM? Where is MYR heading???

Sorry, noob question. If I'm not mistaken, GIA doesn't involve in any physical gold and I assume it won't affect prices from demand supply. What about ETFs? Will it contribute in the outcome of the price from demand supply?

U.S has NO GOLD

GERmany DEMANDS their gold back!

The U.S Feds REFUSES to allow GERmay to inspect their OWN gold!





Now you know WHY gold was whacked down.

IS OBAMA GOING TO CRUSH GOLD AGAIN?

He is going to have a meeting with Top bankers and financiers tonight.
Last time they had a meeting, this happened




http://www.zerohedge.com/news/2013-08-19/o...ld-market-again

If it drops to $1200, start to buy again !

Any news or systom to enter again into the gold market at RM148.90 currently?

if drop below 1200, then surely people will buy
but its most unlikely.
looking at the trend, it barely survive between 1300-1350

heh heh, thank god I sold most yesterday and now sitting and eating popcorn, enjoying the movie........later when down low only buy again

yea, u did a great job. everytime i see the price drop from 1380 to now 1365, i thought of u. great job again

Gold Slumps on Stimulus Concern as Commodities Selloff Deepens

Gold fell for a second day, heading for the first back-to-back drop in two weeks, as investors assessed the prospect of reduced U.S. stimulus and a rally to a two-month high damped demand. Silver slumped by the most in six weeks, while platinum and palladium declined with commodities.

“Prices dropped quickly as some investors started to close out positions to reduce risks before the Fed releases its minutes,” said Guan Bingren, a trader at Shanghai Hedge International Trading Co. “This is also related to the broad selloff today.”

I'm ready to make a grand entry into gold investment anytime in the soonest future since doing a complete exit in Sept '2011.

Meanwhile, my Maxis stocks have appreciated in price from ~RM5 to ~RM7 and been collecting reasonable dividends every 3 months for a few years already.

This post has been edited by MOBAJOBG: Aug 20 2013, 06:20 PM

Gold futures wobble with Fed, India in focus

Gold futures wavered around the flat line on Tuesday ahead of the release of the latest Federal Reserve policy-meeting minutes, with demand from India a possible wild card in waiting.

The markets have proved very sensitive to any clues as to when the Fed will begin slowing the pace of its stimulative bond buying, currently at $85 billion a month.

The purchases are widely seen as supportive of gold prices, in part by pushing the U.S. currency lower, making dollar-denominated gold cheaper for holders of other currencies.

“The bulk of rural India’s income is derived from the agriculture sector, and a more bountiful harvest may lead to an increase in physical-gold buying ahead of the festive season later this year,” wrote HSBC analysts

Woliao spread cimb gia very big... 15x vs 136.. Gila apa

Yeah.... Ready to grab more and more... Get it fall!

You Da man!

Lol!, ...don't be jelly.