Gold Spot price dropping slowly now

Now USD 1356/oz

This post has been edited by davinz18: Sep 20 2013, 03:50 PM

When the Derivatives Gold Exchange Traded Future is out. Do I need to have a Central Depository System account to trade?

not full time..just some small fry

you dont need a CDS account, but just a trading account with the brokers

2 days of monitoring since the FED meeting concluded. It seems that gold price is stagnant. The only reason that the gold price went up seems to be the fall of USD.

Gold Cuts Weekly Advance on Slowing Physical Demand, U.S. Data

Gold fell for the first time in three days, cutting a weekly gain, as a rally following the Federal Reserve’s decision to hold stimulus curbed physical demand and as data showed signs the U.S. economy is improving.

“Physical demand has really slowed” after prices climbed, Bernard Sin, head of currency and metal trading at bullion refiner MKS (Switzerland) SA in Geneva, said today by phone. “There will be quantitative-easing tapering at some point.”

“Bullion was weighed down by the release of better-than-expected U.S. economic data,” Howard Wen, an analyst at HSBC Securities (USA) Inc., wrote in a note. “The Fed tapering decision is no longer a surprise and we wonder how much more traction the gold market can get from the Fed decision.”

gold fall because war already done

its going down by a bit, seem like there are lot of gold haters out there


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guys where do you buy your gold from? paper gold or physical? mind giving me some tips which is better?

Now USD 1337/oz

Technical selling

Purely physical gold. Not a fan of paper gold.. Its your choice .

It's moving down to 1338/oz d.

What is technical selling?

Do u buy bars or coins?

Closing Price for the week USD1325/oz & MYR 134/g

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This post has been edited by livina2011: Nov 14 2013, 12:03 PM

Gold sinks 2.5 pct on new fears Fed may reduce stimulus

Gold sank 2.5 percent on Friday as institutional investors sold aggressively after the Saint Louis Fed president said the U.S. central bank might move next month to reduce stimulus spending that has bolstered
bullion for years.

"The gold market had rallied substantially on tapering being taken off the table. Now Bullard's comments have injected some uncertainty near term, and that has prompted a wave of selling in the gold and the precious metals complex," said James Steel, chief precious metals analyst at HSBC.

Option-related selling accelerated gold's decline, said Comex gold options floor trader Jonathan Jossen, noting that many participants exercised put options after heavy buying of inexpensive puts following Wednesday's rally. Relatively thin volume during gold's rally this week also suggested that gains could be short lived, Jossen said.

In addition, a two-percent drop of open interest in Comex gold futures on Wednesday showed the post-Fed rally was driven by investors who bought back previously bearish bets instead of new money, analysts said.

Like that it seems dropping too next week.

It could drop again next week. We cannot predict the price movement