andd increase today by 1 sen. CIMB though... spread become larger.
gonna wait next week see how... some speculate it would drop but didnt happen
Gold Investment Corner V7, all about gold
Gold Investment Corner V7, all about gold
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Aug 23 2013, 10:01 AM
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Senior Member
707 posts Joined: Feb 2010 |
andd increase today by 1 sen. CIMB though... spread become larger.
gonna wait next week see how... some speculate it would drop but didnt happen |
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Aug 23 2013, 10:40 AM
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All Stars
10,123 posts Joined: Aug 2007 |
Guys,
I wanted to let you all know I will 'taper' my longs holding around 1385-1395 area. |
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Aug 23 2013, 12:46 PM
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Senior Member
1,600 posts Joined: Aug 2011 |
QUOTE(saigetsu @ Aug 23 2013, 10:01 AM) andd increase today by 1 sen. CIMB though... spread become larger. hmm... it moved up and down and in the end, back to where it was last weekend. overall, it's stagnant. no fun this week. we'll see what happens next week then.gonna wait next week see how... some speculate it would drop but didnt happen |
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Aug 23 2013, 03:20 PM
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Junior Member
97 posts Joined: Feb 2009 |
Want to make fast money with Gold ?
Why some 1 hopes drop of the Gold price ? Also somebody waiting for rebound in Gold price ... But ... EVERY BODY NEEDS GOLD IN THEIR EVERY DAY LIFE ...DO U AGREE ? |
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Aug 23 2013, 03:47 PM
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Senior Member
7,142 posts Joined: Oct 2008 From: Sin City |
Gold little changed as stimulus scale-back concerns in focus
Gold struggled to break through a tight trading range and was little changed on Friday after strong U.S. jobs and manufacturing data added to concerns about an imminent pull-back in the Federal Reserve's commodities - friendly stimulus measures. "A stronger dollar is discouraging some demand," said Ronald Leung at dealer and refiner Lee Cheong Gold Dealers in Hong Kong. "Demand is very quiet now but it could pick up if prices fall below $1,350." Demand in top buyers India and China has been subdued ahead of a peak wedding and festival season that kicks off next month. "Once the summer is over, we will see consistent buying from September through the end of the year," said Peter Fung, head of dealing at Hong Kong's Wing Fung Precious Metals. |
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Aug 23 2013, 03:49 PM
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Senior Member
7,142 posts Joined: Oct 2008 From: Sin City |
Gold’s Rout Spurs Surge in Indonesian Demand: Southeast Asia
Gold jewelry demand in Indonesia is set to expand to a four-year high as consumers in Southeast Asia’s biggest buyer join India to China in increasing purchases as prices slump and the middle class expands. Consumption of necklaces, bracelets and rings will probably climb to 40 metric tons this year, according to Iskandar Husin, secretary-general of the Indonesian Goldsmiths and Jewelers Association. That’s a 30 percent increase from 30.8 tons in 2012, and the most since 41 tons in 2009, data from the London-based World Gold Council show. “Gold jewelry is all about lifestyle and saving,” Husin said in an interview in Jakarta. “It’s a market driven by the increase in GDP and modern Indonesian women, who are following the trends in fashion and design.” The increase in demand has helped producers including PT Aneka Tambang. (ANTM) The state-run mining company known as Antam said on July 30 that first-half revenue rose 37 percent to 6.125 trillion rupiah ($568 million) from a year earlier, with gold sales accounting for 46 percent of the total. The company, which runs a precious-metals refinery in Jakarta, sold 5.5 tons of gold in the period, up 51 percent from last year. |
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Aug 23 2013, 05:10 PM
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Junior Member
77 posts Joined: Jan 2012 |
looksl ike its gonna go up next week too....well for those who want to earn short term, imagine buying at rm130/gram (buy 100kg) then price goes up to rm140/gram (sell 100kg)
can make money lo....within this week |
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Aug 23 2013, 05:36 PM
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Senior Member
661 posts Joined: Feb 2007 |
QUOTE(dinokun @ Aug 23 2013, 05:10 PM) looksl ike its gonna go up next week too....well for those who want to earn short term, imagine buying at rm130/gram (buy 100kg) then price goes up to rm140/gram (sell 100kg) Bought when most news story the negative about gold.can make money lo....within this week |
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Aug 23 2013, 05:55 PM
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Senior Member
7,142 posts Joined: Oct 2008 From: Sin City |
Be Fearful When Others Are Greedy and Greedy When Others Are Fearful - Warren Buffett
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Aug 23 2013, 10:14 PM
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Senior Member
638 posts Joined: Nov 2010 |
looking good..1,389
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Aug 23 2013, 10:26 PM
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All Stars
10,123 posts Joined: Aug 2007 |
Here comes my exit... ka-ching.
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Aug 23 2013, 10:26 PM
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Junior Member
427 posts Joined: Sep 2006 From: KK |
it shoot up to 1392 within seconds
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Aug 23 2013, 10:34 PM
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Senior Member
638 posts Joined: Nov 2010 |
Go Go Go...
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Aug 23 2013, 10:41 PM
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All Stars
10,123 posts Joined: Aug 2007 |
Half gone at 1395..
Keeping the other half with trailing here. If it can burst thru 1400, so be it. I'll let them ride. |
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Aug 23 2013, 10:56 PM
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Senior Member
638 posts Joined: Nov 2010 |
I think they can punch through 1, 400, hopefully close for the weekend and let asia follow through on monday morning trade
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Aug 24 2013, 01:30 AM
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Senior Member
3,175 posts Joined: May 2006 |
Last call for friday before market close.
[WTBuy] All your gold bullion/bars coins/chains. Any QTY below 500gr per trx. Price offered is +1% above spot price. Now is a good time to liquidate/cash out if you want Limited cash ready. We lock price first. COD/Post/Pickup over the weekend. |
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Aug 24 2013, 01:33 AM
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Senior Member
3,175 posts Joined: May 2006 |
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Aug 24 2013, 08:14 AM
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Senior Member
707 posts Joined: Feb 2010 |
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Aug 24 2013, 08:43 AM
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Senior Member
1,427 posts Joined: Aug 2009 From: Northern |
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Aug 24 2013, 04:04 PM
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Senior Member
7,142 posts Joined: Oct 2008 From: Sin City |
High-end customers not perturbed with rally in gold prices; No demand from mass market
Demand for gold jewellery for the upcoming wedding season this year has been largely restricted to the high-end customers who are not perturbed with the rally in gold prices. There is hardly any demand from the mass market as gold has rallied. "The orders are being placed only by high-end customers who are planning in advance for the family wedding. They want the bride to wear certain designer jewellery during the wedding and so they are placing orders now. They want the jewellery to be delivered much ahead of the wedding day. These are planned buying. However, there is no demand from the mass market. |
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