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Gold Investment Corner V7, all about gold
TSdavinz18
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Apr 21 2014, 03:37 PM
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Gold Drops to Two-Week Low on Technical Indicator Signal
Gold retreated to the lowest level in more than two weeks as a technical indicator used by some traders and analysts signaled further declines.
While tension between Ukraine and Russia spurred gains in the past month, there has been little physical buying at current prices, according to Kate Harada, precious-metals general manager at Tanaka Kikinzoku Kogyo K.K. in Tokyo.
“Gold closed last week below its 200-day moving average, which is a bearish technical factor that may pressure the gold market,” said Liu Xu, a precious metals analyst at Capital Futures Co. in Beijing.
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ChAOoz
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Apr 21 2014, 11:19 PM
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Hi Guys, Any opinion on whether gold will slide further ? Looking to long gold via gld etf, but looking at a nice entry price. Current foreseeable weakness to go down further: 1) Deescalation of Ukraine crisis via another referendum 2) Weakness in major gold consumer market China / India 3) Tapering of QE and strengthening of western economy may led to money coming out of safe haven asset and go into more productive asset. Do feel free to shot down these point, as i want to gather some flip side opinion that could persuade me to go in at 1300 level. Aiming to go in once it hit 1100 or interest rate has gone up
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Ben Tuffler
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Apr 22 2014, 05:06 PM
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topearn
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Apr 22 2014, 07:11 PM
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QUOTE(Zuyee88 @ Apr 17 2014, 09:41 AM) Dear all, Today's gold price drop slightly compared to yesterday. PAMP SUISSE GOLD BAR As at 17/4/2014 at 9.15am Weight Bank Buy (RM/pc) Bank Sell (RM/pc) 10g 1,310.76 1,497.83 20g 2,621.52 2,946.30 50g 6,553.80 7,264.43 100g 13,107.60 14,452.20 500g 65,538.00 71,763.30 1000g 131,076.00 142,790.89 Care to explain why would people want to buy/sell PAMP SUISSE GOLD BAR with such high buy/sell margin (> 10%) when easier, cheaper and safer to invest in other banks Gold Investment Account (e.g. from MBB, PBB, CIMB)? Buy/sell margin for GIA only like 3-5%.
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max_cavalera
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Apr 23 2014, 04:08 PM
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QUOTE(ChAOoz @ Apr 22 2014, 12:19 AM) Hi Guys, Any opinion on whether gold will slide further ? Looking to long gold via gld etf, but looking at a nice entry price. Current foreseeable weakness to go down further: 1) Deescalation of Ukraine crisis via another referendum 2) Weakness in major gold consumer market China / India 3) Tapering of QE and strengthening of western economy may led to money coming out of safe haven asset and go into more productive asset. Do feel free to shot down these point, as i want to gather some flip side opinion that could persuade me to go in at 1300 level. Aiming to go in once it hit 1100 or interest rate has gone up Honest POV. My sentiment is same as yours. Doubt will go increase more. Last bull at 1380-1385 max n it slide downward since...thought I still hold some but expect it to continue to decline well into end of next years...
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TSdavinz18
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Apr 23 2014, 05:44 PM
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Gold prices ease off 10-week lows, upside seen limited
Gold prices edged higher on Wednesday, easing back from the ten-week lows struck in the previous session, but gains looked likely to remain limited as weakening Chinese demand for the precious metal and signs that the U.S. economy is improving weighed.
Concerns over slackening demand from top buyer China also continued to weigh after the World Gold Council said last week that physical demand is likely to stagnate this year.
The weaker Chinese yuan also made it more expensive for buyers to buy gold. The yuan fell to 16-month lows against the dollar on Wednesday, as China’s central bank continued measures aimed at deterring speculators betting on a rising currency.
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wil-i-am
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Apr 23 2014, 06:46 PM
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SUSSammich!
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Apr 24 2014, 09:33 AM
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Put all my eggs in the gold basket last yr now im shit la...
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Zuyee88
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Apr 24 2014, 02:23 PM
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Getting Started
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Dear all,
Today's gold price update
PAMP SUISSE GOLD BAR
As at 24/4/2014 at 9.15am Weight Bank Buy (RM/pc) Bank Sell (RM/pc) 10g 1,303.34 1,490.48 20g 2,606.67 2,931.60 50g 6,516.68 7,227.68 100g 13,033.35 14,378.70 500g 65,166.75 71,395.80 1000g 130,333.50 142,059.39
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TSdavinz18
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Apr 24 2014, 03:05 PM
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QUOTE(Sammich! @ Apr 24 2014, 09:33 AM) Put all my eggs in the gold basket last yr now im shit la... The Basic of investment is don't ever put all in one basket, need to diversify the investment & spread the risk
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TSdavinz18
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Apr 24 2014, 06:14 PM
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Gold Near 10-Week Low as U.S. Data Weighed With Ukraine
Gold traded near a 10-week low as investors weighed tension over Ukraine and U.S. data that may give clues to the outlook for reduced stimulus.
“Gold received some support from the escalation of the crisis in Ukraine, as well as U.S. home sales data,” said Lv Jie, a Hangzhou-based analyst at Cinda Futures Co., a unit of one of four funds in China created to buy bad debt from banks. “We still think the U.S. is on the road to economic recovery, which will pressure gold lower in the longer term.”
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EvolutionZ
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Apr 25 2014, 12:46 AM
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Getting Started
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is it good time to enter into GIA account now? noob here, wanna try investing in gold
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hey_there
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Apr 25 2014, 02:53 PM
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QUOTE(EvolutionZ @ Apr 25 2014, 12:46 AM) is it good time to enter into GIA account now? noob here, wanna try investing in gold RM138/g is ok la... it's hard to tell whether is it a good time to buy or not. but as far as i observe since aug last year, this is not the highest price nor the lowest.. prices had been to as high as 149/g and as low as 129/g. so it's up to u to decide ur gameplan. This post has been edited by hey_there: Apr 25 2014, 02:55 PM
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TSdavinz18
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Apr 25 2014, 05:52 PM
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The physical price of gold as at 5pm stood at RM131.48 per gramme, up RM1.05 from RM130.43 at 5pm yesterday - Bernama
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TSdavinz18
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Apr 25 2014, 06:45 PM
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wh0cares
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Apr 27 2014, 12:10 PM
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QUOTE(Sammich! @ Apr 24 2014, 09:33 AM) Put all my eggs in the gold basket last yr now im shit la... How much you lost?
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SUSSammich!
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Apr 27 2014, 12:52 PM
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QUOTE(wh0cares @ Apr 27 2014, 12:10 PM) As long as I dun sell yet I not lost I think average is about rm5 to 10 per g difference for me
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EvolutionZ
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Apr 27 2014, 05:14 PM
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Getting Started
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QUOTE(hey_there @ Apr 25 2014, 02:53 PM) RM138/g is ok la... it's hard to tell whether is it a good time to buy or not. but as far as i observe since aug last year, this is not the highest price nor the lowest.. prices had been to as high as 149/g and as low as 129/g. so it's up to u to decide ur gameplan. thanks for the heads up, i think i wait for awhile until its below 130/g & enter.
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Zuyee88
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Apr 28 2014, 09:43 AM
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Getting Started
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Dear all,
Today's gold price update
PAMP SUISSE GOLD BAR
As at 28/4/2014 at 9.15am Weight Bank Buy (RM/pc) Bank Sell (RM/pc) 10g 1,326.11 1,515.68 20g 2,652.21 2,982.00 50g 6,630.53 7,353.68 100g 13,261.05 14,630.70 500g 65,305.25 72,655.80 1000g 132,610.50 144,567.39
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wil-i-am
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Apr 28 2014, 12:46 PM
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Gold futures contracts opened higher this morning as weaker equities spurred the metal's "safe-haven" appeal, dealers said.
At 9:10am, April 2014 gained 13 ticks to RM137.00 a gramme and May added 13 ticks to RM137.40 a gramme while June 2014 rose five ticks to RM137.20 a gramme.
July 2014, August 2014 and October 2014 were pegged at RM137.00 a gramme, RM137.10 a gramme and RM137.90 a gramme, respectively.
Turnover stood at 20 lots while open interest amounted to 1,636 contracts.
Physical gold was RM1.09 sen higher at RM132.57 a gramme from RM131.48 a gramme last week.-- Bernama
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