So we are on the same court now

But it dropped back to 1280+ in the last hours of trading

I'm still showing above 1300 as of Friday close. So, don't worry about it.

I will go in big when it goes down to 1, 150 +/-

No you wont......twill be 1100 then 1050, then 1000

2morow on IF going forward then time to shopping

maybe...will also see how fast and furious the slide is gonna be when that happens

Gold inches up on weak jobs data, stimulus hopes

"These markets are very much driven in the immediate future by the data that gives us an idea as to when the tapering is going to start taking effect. And gold being very much the most sensitive to that," said Mark Keenan, cross-commodity research strategist at Societe Generale in Singapore.

"The tapering is very much on the horizon. We see it this year," said Keenan.

Hedge funds and money managers trimmed their gold net longs and raised their bullish position in silver futures and options, a report by the Commodity Futures Trading Commission showed on Friday.

"The outlook is bearish for gold, and we expect a test of the major low at USD 1,180, to target USD 1,156," ScotiaMocatta analysts wrote in a note. Gold hit a near three-year low of USD 1,180 on June 28.

Gold Slides Below $1,300 as Investors Weigh Stimulus Outlook

“Bullion was weighed down by comments from Dallas Federal Reserve President Richard Fisher,” James Steel, an analyst at HSBC Securities (USA) Inc., said in an e-mailed note today. The speech showed the Fed “is now a step closer to withdrawing from its quantitative easing program.”

Fisher said in a speech in Portland, Oregon, yesterday that a decision to slow purchases is “closer to execution mode,” and that “financial markets may have become too accustomed to what some have depicted as a Fed ‘put,’” or the idea that the central bank will loosen credit after a market decline.

Gold also fell as holdings in the biggest bullion-backed exchange-traded product extended their slide. Holdings in the SPDR Gold Trust declined 0.2 percent to 917.14 metric tons yesterday, the lowest since February 2009, according to data on the fund’s website.

Selamat Hari Raya Aidilfitri

Happy Holidays

why this thread suddenly become so quiet?
normally its always in the first page

I bought it at about $1400.
Should I just keep and wait or buy in more when it is still at the bottom such as $1200-1259?

Hi, I'm. New here and new in gold. I'm planning to trade in GIA. Anyone here has any GIA account from different banks can share their pros and cons? Thanks in advance

u bought it at a good price already
if u plan to pile up your stock, just wait and see the trending
its hard to assume but my normal practice is, when the price goes lower every day for 2-3 days, it means the price is going down.
if the price is just within the range, means the price is stabilizing.
but dont use my assumption as rule of thumb coz my noob prediction isn't absolute

the reason why i said u bought it at 1400usd is good price is because based on this year trending
in january 2013, the price was 1700usd
take a look in here: 5years Chart

This post has been edited by suadrif: Aug 12 2013, 11:42 PM

so even hari raya, gold bounces a little only... i still kenot buy camera because of depreciated gold price. dem it... raya without camera

Whats gold price gotta do with hari raya?

You buy gold so you can gain to buy a..............camera?

This post has been edited by prophetjul: Aug 13 2013, 09:00 AM

haha... yup... i bought when the price was RM14x. the amount is exactly the same price with the camera i intended to buy..
kononnya can gain extra money out of it.. wait for raya promotion. But the gold keep declining... dem it

Matey

If you wanna make some fast money, its casino.
Gold is no casino.

casino gambling... harroommm...
i dunno some pipu here consider fundsupermart as an alternative since the gold is lowballing to the emax

I thought buy low sell high is speculating and it's consider gambling. No?

brb do some research