Relax everyone is entitled to their own opinion...he's got a point n I agree on the part ppl park their fund in gold when they sense the market is too volatile...When there's an uprising, war, turbulent times....so I agree on this.
.to me treating gold as a hedge against inflation is a blatant hoax...

March next month the world equity market is going to get more strenuous n volatile n as a typical investor I'm gonna park some of my fund in gold n commodity based fund...Means I'm using gold just as an instrument to stabilize my portfolio...

gold has moved up so much already and you said no?? it was predicted to drop but instead it kept going up and you still in denial?

Any answer will be either I bluff you or you call me a bluff. Which one you prefer?

Perhaps you can share with us why gold price will continue to rise?

u say it, i trust it

Oh, sometimes, no answer is a better answer.

How much can a economic student worth?

This post has been edited by icemanfx: Feb 16 2014, 12:19 PM

Heh, gold went up by how much, may I ask? In the short term, movement of $50 to even $200 is possible due to market uncertainties. But there is no way it's going to shoot to $1800 or even $2000, unless a crisis happens.

The end of QE3 is imminent. Janet Yellen is gonna continue tapering at every single FOMC meeting, unless something really bad happens to the U.S.

Tell me why would gold price would continue going up? When money easing is slowly being soaked up?

True, I do agree there is a lower bound to gold price. Perhaps it won't go lower than $1100 or so, because of underlying demand for gold from bracelets, rantai etc.

HOW SURE are you that there will not be a global crisis?
Even your assumptions you made of USA and China are far off.

Yellen gonna taper?
With US real Unemployment at >20% tapering will welcome the next DEPeRSSion.
WHO wants to be remembered for that?

http://www.shadowstats.com/imgs/sgs-emp.gi...ad&t=1391782568



This post has been edited by prophetjul: Feb 16 2014, 03:02 PM

Based on martin Armstrong economic confidence model... Another correction is coming once Dow Jones index hit a min of 16500 index - 17800 before the start 3rd quarter of this year...of which after that period the Dow are gonna fly upwards again for the next 1 year before they suffer another more bigger crash...

So I'm holding gold based fund up until the small correction that happening on Dow later this year. After that I'll sold all my gold fund and ride the rally of the Dow until next year august...

I don't know where did you get you "real unemployment rate" from. But the Fed is for sure not looking at those numbers. The recovery in the U.S. economy is fragile. The unemployment rate has gone down to 7.6% but true, it was partly contributed by some leaving the labour market.

The housing market is getting stronger. The case-shiller 20 cities house price index went up 13.6% recently, the highest in several years. Both manufacturing and services PMIs are positive.

The weak labour market & low inflation rate are the two biggest problems in the US right now. Late last year, in December, I was totally convinced that the Fed is not gonna taper anytime soon. But I was proved damn wrong, the Fed reduced QE3 by $10 billion in January and another $10 billion in February.

Despite the risks that tapering brings, it seems like the Fed is convinced that US recovery will only get stronger this year, and warrants a continuous $10 billion tapering at every single FOMC meeting.

UOB = 142.60/139.30 today

hi bro, im newbie in paper gold investment,
btw , between pbb paper gold & uob paper gold , which is better ?

Uob spread is smaller

if you are trading on short term, then go for futures
the contract now consistently trades with spread within 1-2 ticks

Gold hits 3-month high on US growth fears
http://www.thestar.com.my/Business/Busines...S-growth-fears/

If policy makers don't take John Williams seriously, his influence is limited to his followers.

To invest based on someone who didn't have peers review and was jailed for fraud is more than bravery.

This post has been edited by icemanfx: Feb 18 2014, 09:46 AM

Hi guys,

I realized that Gold has been dropping like mad recently, can help summarize why? and whats the outlook for future gold investments?

e.g 2015 Q1 Up or Down?

u just got ur time machine back or internet? Now gold is up up up redi. But slightly affected by USD exchange rates

erk... when I started trading gold, it was in the range of 1400.00 - 1911.00... current live price is 13XX.XX is still low... so I was seeking opinion on when majority people target it's going to come back to it's old glory days.

I remembered it went up couple of months ago to 16xx.xx... then dropped back to 12xx.xx... hopefully it will go up back again and this time break the 2000.00 barrier.

Sound like holding some heavy metal in hand bro