hahahahaa, in very painfull situation actually... hahahaha

Will go up but not as strong as its glory days in 2011...

Once US economy is fully sorted out end of this year gold gonna drop again...

Break 2000? Yea I wish too.. As I can remember, it didn't touch 1600 from August 2013. That time was due to syria's case. It touches slightly above 1500 and dropped to below 1200 for a while.

Actually his influence does not matter.

If reality of unemployment is > than 20%, the people in the streets will feel that.
Does matter what the Feds SPIN or what he prints.
THAT ultimately will influence the public

That is provided if the general public believe in John Williams more than the Fed.

you don't get it.

Doesn't matter what numbers each publishes.

When Joe public can't find a stable job for 2 to 3 years, he will know the D is nigh

In developed countries, there are always some people in long term unemployment and these people have the least influence in society. Whether economy going to recession or boom time won't be determined by unemployed, hence there are economically irrelevant (note not socially).

If one read proper newspaper, will find economy in the west is on recovering path and emerging economy is likely to be in trouble within the next 12 months.

This post has been edited by icemanfx: Feb 18 2014, 11:16 AM

Gold futures contracts were mostly lower at mid-day today.

At lunch break, February 2014 was seven ticks lower at RM140.20 a gramme, March 2014 fell three ticks to RM140.45 a gramme, but April 2014 increased three ticks to RM141.05 a gramme.

Turnover was at 139 lots, while open interest totalled 1,599 contracts.-- Bernama

20% unemployment did not overnight.
What you mentioned there in normal state of economy is probably about <4%.
You must also note that the people you described has increased in recent years due to the recessive conditions
of the US economy. Why do you think the employers are not employing full time for so long?
These people were not in that bracket in normal economic years of growth.
Now that they have dropped into these bracket of unemployed, guess who contributes less to domestic
purchasing of goods and services, the economy?


On the mend is relative. From what?
A pauper may eat mouldy bread today.
Tmorrow he may get to eat thrown pasta.

As long as the unemployment does not improve, a seeming growth will be ........ unsustainable and delusive

Hopefully it can go up further

Gold Drops From 3-Month High as Buying Seen Deterred After Rally

Gold retreated from the highest price in more than three months on speculation the metal’s advance may deter physical purchases. Silver fell, ending the longest run of gains since at least 1968.

“The strength is not going to last,” said Dominic Schnider, head of commodities research at UBS AG’s wealth-management unit in Singapore, citing prospects for less U.S. stimulus, a stronger dollar and restrained inflation. Consumers in China may “pull back a little bit from gold purchases” amid higher prices, he said.

Goldman Sachs Group Inc. said in a report last week that the metal will “grind lower” as U.S. growth improves. The Federal Reserve will release minutes of its January meeting tomorrow.

“We expect volatility in gold to pick up later this week” as U.S. data is released, Abhishek Chinchalkar, an analyst at Mumbai-based AnandRathi Commodities Ltd., said in a report. “With the metal having rallied sharply over the past week, any positive surprise on the data front could trigger a decent bout of profit taking and potentially drag prices south.”

Physical gold shines, consumer purchases hit record in 2013
http://www.thestar.com.my/Business/Busines...record-in-2013/

Gold futures contracts opened higher on Bursa Malaysia Derivatives today with only one contract month traded.

As at 9.20am, March 2014 gained 15 ticks to RM140.85 a gramme.

Turnover stood at 34 lots while open interest amounted to 1,569 contracts.

Physical gold was two sen higher at RM135.51 a gramme from RM135.49 a gramme yesterday.-- Bernama

Gold eases from 3-1/2 month highs, but economy woes lend support

Gold slipped on Wednesday and came off 3-1/2-month highs hit in the previous session as investors reaped profits and physical buying subsided. But worries about global economic growth still underpin gold's safe-haven appeal and technical charts indicate the metal is set to rise.

Ronald Leung, chief dealer at Lee Cheong Gold Dealers in Hong Kong.
"Buying is not that aggressive on the physical side. Approaching $1,320, we saw small lots of buying but also encountered some selling," Leung said. But gold's technical picture has improved after it breached the tough barrier of $1,300, said Leung.

Net gold demand fell 15 percent in 2013 as huge outflows from physically backed investment funds outweighed record consumer demand but that disinvestment is tailing off this year, the World Gold Council said on Tuesday.

The physical price of gold as at 5pm, stood at RM135.28 per gramme, down 21 sen from RM135.49 at 5pm yesterday - Bernama

Gold futures contracts on Bursa Malaysia Derivatives remained low at lunch break today.

Spot month February 2014 lost nine ticks to end at RM139.20 a gramme, March 2014 shed five ticks to RM139.75 a gramme, while April 2014 lost six ticks to RM140.00 a gramme.

Volume stood at 96 lots, while open interest amounted to 1,683 contracts.-- Bernama

Hello all
may i know where to check the updated physical gold ring (916/999) price at online instead of going to the shop to ask?

wait for March and april following month market suppose to be more turbulent and more volatile...gold will provide good support to this...but if it doesnt happen and market continue to be solid gold will decline a bit...

Weather in March and April if no rain and cool, will be dry and hot.

It's ok. We still have the rest of the year.