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 Gold Investment Corner V7, all about gold

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TSdavinz18
post Sep 5 2013, 11:44 AM

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QUOTE(hey_there @ Sep 5 2013, 11:38 AM)
dang, maybank is rm150/g
*
maybe later they would change the price (or maybe only tomorrow biggrin.gif )
TSdavinz18
post Sep 5 2013, 11:45 AM

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Spot price is MYR 146/g
TSdavinz18
post Sep 5 2013, 02:42 PM

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QUOTE(hey_there @ Sep 5 2013, 12:50 PM)
reading news about syria attack. Arabs are funding for US to attack and senate agrees on it. looks like they are going to attack. then, the price of gold might go up.
*
NO WAR / Cancel the attack icon_rolleyes.gif cry.gif
TSdavinz18
post Sep 5 2013, 03:11 PM

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QUOTE(hey_there @ Sep 5 2013, 03:10 PM)
hahah.. i rather no war la. btw, 1386/oz already
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it's slowly increasing today shakehead.gif
TSdavinz18
post Sep 5 2013, 03:18 PM

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QUOTE(hey_there @ Sep 5 2013, 03:15 PM)
is it? i saw the other way round
*
Morning it went down, after 1pm upwards trend sweat.gif

http://goldprice.org/live-gold-price.html
TSdavinz18
post Sep 5 2013, 05:20 PM

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Now USD1391/oz, slowly going up shakehead.gif
TSdavinz18
post Sep 6 2013, 02:19 PM

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Now already USD1367/oz smile.gif
TSdavinz18
post Sep 6 2013, 02:21 PM

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Gold at 2-week low as U.S. data fuels Fed tapering talk

"I think gold really took a hit on today's economic data," said David Lee, vice president of trading at Heraeus Precious Metals Management.

"The possibility of Fed stimulus tapering starting in September, or even by December, is really a concern now with the better services sector and preliminary jobs reading for August."

"Everyone is trying to pre-judge what the Fed might do," Citi analyst David Wilson said. "So, if the employment numbers are better than expected it will heighten the sense that tapering will be sooner rather than later, and the reverse if the data's below expectations."


TSdavinz18
post Sep 7 2013, 12:09 AM

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Gold futures gain as Fed expectations shift

Gold futures rose Friday, paring loss for the week after a disappointing U.S. jobs report scaled back expectations of how the Federal Reserve may reduce its extraordinary economic stimulus.

Friday’s gains were “triggered by the disappointing jobs growth,” he said. “The thinking is that with the weak jobs market, the Fed will not taper, or will taper-[light].”

As for developments regarding Syria, Atyant’s Mimani said that it’s sort of a misnomer that war or military strikes are good for gold.

“Gold does have a tendency to spike during times of global conflict as a knee-jerk reaction, but those gains never hold,” he said. “The primary and only real driver of gold is central bank policy, fiscal policy and interest rates.”
TSdavinz18
post Sep 7 2013, 10:15 PM

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Should you join the buyers as the gold price rises?

Gold has bounced back as investors seek exposure to the metal in all its forms. Fears of inflation and of conflict in the Middle East are just two of the factors driving demand. Should you be joining the buyers?

The gold price crashed in the first part of 2013 but staged a recovery in late June; the price has risen by more than 20pc. Now consumers in Asia, along with other investors spooked by events in Syria, are driving stronger demand – just as supply is falling as miners scale back production.

http://www.telegraph.co.uk/finance/persona...rice-rises.html
TSdavinz18
post Sep 9 2013, 03:36 PM

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Now USD1386/oz
TSdavinz18
post Sep 9 2013, 03:39 PM

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Gold edges lower on euro, Fed uncertainty may help

Gold edged lower as the euro eased on Monday but a possible delay in the U.S. Federal Reserve's decision to taper off its bond-buying programme could boost the metal's safe-haven appeal.

"This confusion will likely prevent gold from weakening substantially over the course of this week, but we suspect that the selling should intensify after the Fed meeting is out of the way and assuming we do indeed get a modest amount of tapering."

Jewellers in main gold consumer India expect a surge in imports this week after the government clarified overseas buying rules. Most of the jewellers are sustaining on stocks shipped from April to May, which totalled more than 300 tonnes.
TSdavinz18
post Sep 9 2013, 06:54 PM

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Traders split on gold touching new highs in next 2 years

Gold traders are divided on the outlook for prices next week, weighing signs of an improving US economy against the threat of a military attack on Syria. Two years after bullion set a record, the majority said a new peak won't be reached in the next 24 months.

Thirteen analysts surveyed by Bloomberg expect prices to rise next week, the same number were bearish and five were neutral. Gold slumped 28% since it reached an all-time high of $1,921.15 an ounce on September 6, 2011.

Eighteen people surveyed said the metal won't exceed that level in the next two years and 11 predicted another record. Gold is set for its first decline in 13 years after some investors lost faith in the metal as a store of value. Bullion rallied 17% from a 34-month low in June as the slump stoked demand for jewellery and coins and western nations debated attacking Syria after accusations the government used chemical weapons.

An accelerating US economy increased speculation the Federal Reserve will buy fewer bonds to stimulate growth, diminishing demand for gold as a hedge against inflation.

"As long as we're speculating on when any possible military intervention might take place, that could be supportive for gold as a safe haven," said Jonathan Butler, a precious metals strategist at Mitsubishi International (Europe) in London.

Fed bond buying "will be scaled back in the remainder of this year. If that were to take place, there's going to be some downside for gold," he said.
TSdavinz18
post Sep 10 2013, 02:48 PM

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Gold Extends Loss on Prospect of Fed Tapering, Syria Proposal

Gold dropped for a second day on speculation that the U.S. Federal Reserve will start to pare stimulus from next week, and as a bid to avert military action in Syria eroded haven demand.

“The market is likely to be influenced by discussions over tapering and geopolitical tensions relating to the situation in Syria,” Howard Wen, an analyst at HSBC Securities (USA) Inc., wrote in a note.
TSdavinz18
post Sep 10 2013, 05:16 PM

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The price dropping again, on slower basis unlike previous months
TSdavinz18
post Sep 10 2013, 05:38 PM

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QUOTE(hey_there @ Sep 10 2013, 05:27 PM)
yup. and it's 1374/oz now

meanwhile, maybank is still 1386/oz
*
as I said before, always slow when reducing the price doh.gif
TSdavinz18
post Sep 10 2013, 05:47 PM

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QUOTE(sylar111 @ Sep 10 2013, 05:38 PM)
So you are buying from Maybank? If you sell back to them. how?
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Sell at price they quote. You must always monitor the price movement

just go to their branch & sell it.

http://jinjack.net/vdraw/grab/gold_rate/

http://www.maybank2u.com.my/mbb_info/m2u/p.../INV-Investment

http://www.maybank2u.com.my/mbb_info/m2u/p...cntKey=INV03.03
TSdavinz18
post Sep 10 2013, 06:06 PM

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QUOTE(sylar111 @ Sep 10 2013, 05:55 PM)
I know. But do you find that it is worth it? I mean do you think there are other cheaper ways? Thanks for the info though. So  you feel that Maybank is the best?
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I don't know if there's other cheaper ways hmm.gif

I don't think Maybank is the best, but looking at this forum a lot people have Maybank GIA & bought their gold.

Actually I'm still new & learning about this gold thing blush.gif
TSdavinz18
post Sep 10 2013, 06:18 PM

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QUOTE(hey_there @ Sep 10 2013, 06:13 PM)
indices are all gaining positively. no wonder gold drop la..
*
yea.

also Russia’s Proposal on Syria to surrender its chemical weapons, So it means no attack / war rclxms.gif
TSdavinz18
post Sep 10 2013, 09:29 PM

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Now already USD1365/oz smile.gif

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