oohhhyeaaaaaaahhhh.....

now im making profit finally! but at 5-7% though...

144 buy 150 sell cimb

Maybank Gold Investment Account
DATE SELLING (RM/g) BUYING (RM/g)
26-Aug-13 150.66 144.36
Last update : 26-Aug-13 at 08:44:18 AM

Sifu, I also tempted to sell at this price. But after selling, I will be holding RM.

I think it is now a bet on RM cum gold. If I bet RM will depreciate further, then I should hold gold. If RM will hold its ground, I should sell gold

Don't know what to do....any advice ?

MBB GIA
26-Aug-13 151.50 145.17
Last update : 26-Aug-13 at 01:21:18 PM

Gold hits 11-week high, briefly tops $1,400

Gold was trading near 11-week highs on Monday after briefly breaking above the $1,400 mark, buoyed by weak U.S. data and inflows into the world's biggest bullion-backed exchange traded fund.

"We are generally coming out of the summer doldrums and people are looking for gold trade ideas," said one Hong Kong-based precious metals trader.

"We are in the aftermath of a highly distressed slowdown so people still see some value in it, at least as a trade if not a longer term investment."

Hedge funds and money managers boosted bullish bets in gold futures and options to their highest level since early February, buoyed by the uncertain timing of the Fed's planned unwinding of its bond-buying stimulus, a report by the Commodity Futures Trading Commission showed on Friday.

I dunno man - I don't play Ringgit in relation to Gold. The 3rd party exchange made Ringgit a losing trade either long or short side.
USD to Gold is good now, Yen to Gold is bad. That's the two currencies I play in relation to Gold.

Right now, Gold up, USD up, the others down.


I'm still holding the other half.. either break 1400 and drop back to 1350. Raising my stop to 1385.

I have not much confident with RM. I think I am going to hold.

feels like it droping soon

xknow want to sell or ride it out?

This post has been edited by anglee82: Aug 27 2013, 01:06 AM

hold rm and go shopping buy things to make yourself happy, watch /car / house

Maybank Gold Investment Account
DATE SELLING (RM/g) BUYING (RM/g)
27-Aug-13 153.07 146.63
Last update : 27-Aug-13 at 09:18:02 AM

Nice... I wonder if majority is gonna ride on or sell.
I'm thinking of selling off 1/3.

Gonna ride it out...

Looking forward till end of 2013 gold have to be remain @ stagnant as now ...
Reason of Sep to Dec NO MORE BIG bussiness activity
Ok ..The time to travel

current situation with all that we can know:

there is good reason to think gold can go either way at current price.

there is no good reason to think rm will not keep falling, maybe overshoot to 3.50 per usd.

not a bad idea to hold and watch a little longer, imo....

That's what I thought too

Guess buying gold is becoming a defensive instrument for RM. Fearing more outflow of forex, who know like India, the gomen may impose import duty on gold in next budget?

Worry BLR will increase, so means FD also increase.

we dont import as much gold as india.

1411/oz @-@

Now already USD1411/oz.