U r damn right. I take a peek at the price b4 I sleep at 2am and the price shot straight to 1345/oz from 1300/oz. luckily I've bought some yesterday morning at 1298/oz

No Taper.

The Federal Reserve's September FOMC statement is out.

The Federal Reserve decided to refrain from tapering quantitative easing this month, saying it wanted to see more evidence of the economic growth process before beginning a reduction in bond buying.

The FOMC said tightening of financial conditions from rising rates could slow growth, and reminded everyone that "asset purchases are not on a preset course."

Right now, stocks, bonds, and gold are surging, and the dollar is tanking.
Excerpts taken from : http://www.businessinsider.com/september-fomc-statement-2013-9
Price of gold is currently USD1362/oz and still rising ....

SL at 1260 and target 1380.

price now 1310 again.

what is the buying price yesterday and selling price today? sure can profit?

Hi bro, what type of gold investment are you investing in? Thanks

guys... can someone summarize whats FOMC and what is taper and how does it affect tthe gold price?

thanks thanks

i invested in CIMB when it was 164/g. Now cannot sell, as it is too low.

What can I do?

there r few things that u can do, in my opinion

1) wait for the price to go up.
2) sell it and lose some money
3) buy more at lower price so that it'll help averaging the price. dollar cost averaging method

example: u buy at 1g x 164/g, 1g x 154/g, 1g x 138/g

164 + 154 + 138 = 456 /3g = 152/g

if u sell at 152/g, u'll beak even.

I have 40g average price 163.995/g

Put in FD at least got some money.

If I sell, rugi at least RM1000.

Option 1: Very Hard
Option 2: Will do when it reaches >155 again
Option 3: Will buy in when it drops to 125 again

Egypt war ended already?

Last month was 143 all the way rise to 158-159 due to Egypt war.

Now drop back~~

it was 1298/oz which was rm138/g yesterday. didnt buy any? the price soar almost 90 degrees on chart after the news from fomc is out. syria's case is still pending negotiation. i dont know, dont think the price will go any lower. so u better hope that the price soar up more than 164/g.

Didnt buy lo.

I am afraid of it already.

Now im buying raw gold.

My friend who is doing gold trading business sold some used gold to me at RM125/g for 916 in June.

Im thinking to buy more just to average out my paper gold losses. Don't think I will buy paper gold again.

I am still monitoring gold market daily though.

If adding the physical gold at 125/g, my average cost is now RM148/g.

Hopefully can dilute more.

do u mean physical gold in a form of bar or gold that has not been processed? 125/g is a good deal. where can u sell them back to?

I mean jewellery. 916 jewellery. I bought a men ring.

Can sell to him anytime. Follow supplier rate. Rate of melting. Slightly different though.

So now I will focus on jewellery. Haha...

Bear in mind, do not buy jewellery that contains stone. It has no value for stone. Just for decoration only. Stones are those fake diamonds.

I mean jewellery. 916 jewellery. I bought a men ring.

Can sell to him anytime. Follow goldsmith rate. Rate of melting. Slightly different though.

So now I will focus on jewellery. Haha...

Bear in mind, do not buy jewellery that contains stone. It has no value for stone. Just for decoration only. Stones are those fake diamonds.

My friend has a shop in town, where he buys used gold or jewellery from walk in customers and pay them cash. Maybe he bought in RM115/g, sell me RM125/g.

It's better than buying new one.