going up slowly, but surely!

price now $1338.

LONDON: Gold rose to a near four-month high yesterday, adding to last week's gains, as the dollar weakened and investors remained anxious about the pace of the United States economic recovery and China's growth.

Spot gold rose 1.1 per cent to US$1,334.50 an ounce in earlier trade, its highest since October 31. It was trading at US$1,333.70 by 1250GMT, an increase of 0.8 per cent.

US gold futures for April delivery rose US$10.20 an ounce to US$1,333.90. Silver traded up one per cent at US$22.03 an ounce and platinum gained 0.5 per cent to US$1,426.80 an ounce. Reuters

Rambling?

Gold Below 16-Week High as Rally Seen Overdone on Taper Outlook

Gold traded below a 16-week high as some investors deemed the rally excessive on expectations the Federal Reserve will keep its plan to reduce U.S. stimulus.

“Although recent economic data point to slower growth in the U.S., it’s not enough to change the stimulus-reduction process that’s already in place,” said Zhu Siquan, an analyst at GF Futures Co., a unit of the Guangzhou-based firm that bought Natixis Commodity Markets Ltd. “While we’ve seen more haven bids because of turmoil in emerging markets, we’ve also seen physical demand fade as prices rise.”

Higher gold prices have hurt demand in China, the largest consumer. Volumes for the benchmark contract on the Shanghai Gold Exchange declined for a second day yesterday and metal for immediate delivery has traded at a discount to London prices since Feb. 20.

The physical price of gold as at 5pm, stood at RM136.46 per gramme, down 56 sen from RM135.90 at 5pm yesterday - Bernama

it already formed a double bottom chart.... chance for upswing is quite big(if u r a season investor and u r very technical ).....ukraine interim president warns of government default on their bond payment and government debt(this contribute to a small gold gain recently) ...see wether Russia is gonna take a silent stance on this or they plan to military invade ukraine....

they already made noise that yanukovych being toppled as illegal...and claim he is the rightfully elected president of ukraine....if russia taking military action against ukraine as anybody guess gold is gonna keep going up....

I have already entered precious Metal fund around rm4k and commodities fund around rm1.6k...

If my research is correct gold is gonna be at its highest possible level in 2014 ending the week of 7th April 2014. Market will be at its most volatile period in the month of March 2014. I will most likely sold off all precious metal shares before 7th April.

Commodities fund is my hedge against uncertain weather as serious report coming up as an el nino phenomenon is already in place to hit us this middle of the year. This will effect and reduce food based and mining based commodity as extreme hot dry weather and incredible cold or flooded areas will reduce supply commodities throughout the world...that would cause the price of all majority commodities to increase...

In fact us Malaysian is already hit by this weather issue with water issue in west Malaysia and flooding issue in east Msia...

This post has been edited by max_cavalera: Feb 26 2014, 04:22 PM

Gold futures contract opened lower on Bursa Malaysia Derivatives this morning on lack of buying interest.

February 2014 lost 26 ticks to RM141.00 a gramme, March 2014 dropped 24 ticks to RM141.35 a gramme while April 2014 shed 28 ticks to RM141.65 a gramme.

Turnover stood at 18 lots while open interest amounted to 1,531 contracts.-- Bernama

The physical price of gold as at 5pm, stood at RM135.27 per gramme, down RM1.25, from RM136.52 at 5pm yesterday - Bernama

Down due to encouraging us housing data release last night. Let see tonight

If you cannot see the manipulation of silver yesterday. Then I guess, you can remain in deception forever. Actually, I feel even more encouraged by the "sharp fall" in silver yesterday. This would never have happened based on free market. You will never ever see this kind of pattern in stocks. Good luck.

Unfortunately, I cannot take full advantage as my funds are running out.

This post has been edited by sylar111: Feb 27 2014, 10:29 PM

Don't think u can find that coz different shop charges their craftsmanship and profit margin differently. Jewellery don't just fluctuate according to standard gold price. They have workmanship as well.

I understand the feeling about the funds.. ARRRGGGHHH. Frustrating..

Gold futures contracts opened lower on Bursa Malaysia Derivatives due to lack of interest for the precious metal.

February 2014 lost one tick to RM140.65 a gramme, March 2014 slipped four ticks to RM140.85 a gramme while April 2014 lost three ticks to RM141.20 a gramme.

Turnover stood at 11 lots while open interest amounted to 1,535 contracts.-- Bernama

Hi there, can I know if all the gurus here are trading via Maybank2U (MBB Gold Investment Account) or CIMB Gold Investment? Are these platforms reliable? Very new to this area

The physical price of gold as at 5pm, stood at RM135.18 per gramme, down nine sen from RM135.27 at 5pm yesterday - Bernama

neither.
true trader use gold spot broker for much better spreads.

This post has been edited by lamode: Feb 28 2014, 10:30 PM

I'll advice u to go for physical. Regretted that I've started with MBB. The spread is too huge to break even.

once you bought physical gold, won't it be hard to sell it? You are going to sell in lowyat?

How can it be difficult? Everyone hoard gold. Try sell urs close to spot price, I believe ppl will rush to u.

The gold futures contract on Bursa Malaysia Derivatives will likely trade flat next week on a lack of market direction.

The price is also expected to stay at the current level.

Phillip Futures Sdn Bhd dealer Elky Liam Kian Yap said this projection is due to the speculation on low physical buying as well as a correction in the price for the week.

He said market players will monitor closely the US non-farm payroll which is expected to be released on Friday for the next lead.

For the week just-ended, physical gold closed at RM135.18 a gramme.

On a Friday-to-Friday basis, February 2014 eased one sen or two ticks to RM139.90 a gramme, March 2014 slipped half-a-sen or one tick to RM140.35 a gramme, while April 2014 and May 2014 were unchanged at RM140.65 a gramme each.

Total volume fell to 1,740 lots worth RM24.5 million, as compared to the 1,768 lots valued at RM24.72 million, traded last week.

Open interest on Friday stood at 294 contracts versus 1,689 contracts previously.-- Bernama