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 Gold Investment Corner V7, all about gold

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TSdavinz18
post 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.



ChAOoz
post 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 tongue.gif


Ben Tuffler
post Apr 22 2014, 05:06 PM

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topearn
post 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%.

max_cavalera
post 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  tongue.gif
*
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...
TSdavinz18
post 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.
wil-i-am
post Apr 23 2014, 06:46 PM

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Gold near 2½-month lows on equities, fund outflows
http://www.thestar.com.my/Business/Busines...-fund-outflows/
SUSSammich!
post Apr 24 2014, 09:33 AM

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Put all my eggs in the gold basket last yr now im shit la...
Zuyee88
post Apr 24 2014, 02:23 PM

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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


TSdavinz18
post 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 icon_rolleyes.gif
TSdavinz18
post 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.”


EvolutionZ
post Apr 25 2014, 12:46 AM

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is it good time to enter into GIA account now? noob here, wanna try investing in gold
hey_there
post 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
TSdavinz18
post 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
TSdavinz18
post Apr 25 2014, 06:45 PM

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Gold Rises a Third Day as Ukraine Keeps Selling on Hold
http://www.bloomberg.com/news/2014-04-25/g...a-improves.html
wh0cares
post 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?
SUSSammich!
post Apr 27 2014, 12:52 PM

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QUOTE(wh0cares @ Apr 27 2014, 12:10 PM)
How much you lost?
*
As long as I dun sell yet I not lost smile.gif
I think average is about rm5 to 10 per g difference for me
EvolutionZ
post Apr 27 2014, 05:14 PM

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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.

Zuyee88
post Apr 28 2014, 09:43 AM

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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


wil-i-am
post 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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