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Gold Investment Corner V7, all about gold
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kazama82
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 Sep 30 2013, 11:55 AM
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QUOTE(davinz18 @ Sep 29 2013, 12:22 PM) Gold holds gainsGold prices ended up around one percent on Friday, driven up by a possible shutdown of US government operations next week and the threat of a debt default in the middle of October, as well as by the prospects for continued easy monetary policy from the Federal Reserve. “Number one, people are worried about what’s going on with the potential government shutdown and looking to gold for a safe asset,” said New York Donald Selkin, chief market strategist at National Securities Corp. in New York. “And second,” he said, “The comments from Fed President Evans, when he said ‘No tapering,’ which means the dollar could weaken and gold would go up because there’s more money floating around.” ready to see some movement this afternoon..  ..maybe..not confirm.. |
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SUSPhilHellmuth
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Sep 30 2013, 12:33 PM
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QUOTE(kazama82 @ Sep 30 2013, 11:55 AM) ready to see some movement this afternoon.. ..maybe..not confirm.. moving up  |
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kazama82
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Sep 30 2013, 12:46 PM
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hey_there
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Sep 30 2013, 01:26 PM
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QUOTE(PhilHellmuth @ Sep 30 2013, 12:33 PM) moving up Hope it'll go higher than 1400/oz la |
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SUSPhilHellmuth
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Sep 30 2013, 01:47 PM
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no one here waiting for it to drop to sapu bersih ?
lol
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TSdavinz18
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Sep 30 2013, 03:02 PM
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Gold gains as US shutdown looms, headed for best quarter in a year
Gold edged higher on Monday as a possible U.S. government shutdown prompted safe-haven buying, and the metal was on track to record its best quarter in a year despite a cloudy outlook for U.S. stimulus.
"Gold has behaved like a safe-haven currency off late. The market is pricing in a possible government shutdown," said Barnabas Gan, an analyst at OCBC Bank in Singapore.
Gold could also get some support in the near term from the uncertainties around the mid-October deadline to raise the U.S. debt ceiling.
Gan expects prices to fall to $1,250 by the year-end if a stimulus tapering is announced in October and prices to climb to $1,400 if there is no cut.
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hey_there
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Sep 30 2013, 04:41 PM
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QUOTE(PhilHellmuth @ Sep 30 2013, 01:47 PM) no one here waiting for it to drop to sapu bersih ? lol i'm happy either way. price drop, buy. price increase, sell. |
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SUSWintersuN
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Sep 30 2013, 04:41 PM
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Hope can go 1500 then i let go liao.
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TSdavinz18
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Sep 30 2013, 04:42 PM
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QUOTE(hey_there @ Sep 30 2013, 04:41 PM) i'm happy either way. price drop, buy. price increase, sell. +1  |
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hey_there
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Sep 30 2013, 04:43 PM
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QUOTE(WintersuN @ Sep 30 2013, 04:41 PM) Hope can go 1500 then i let go liao. yea, the higher the merrier |
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SUSPhilHellmuth
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Sep 30 2013, 04:51 PM
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still steadily going up
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TSdavinz18
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Sep 30 2013, 04:59 PM
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I don't why, I got the feeling price would up a bit & maintain for 1-2 weeks then "sharp" dropped  |
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hey_there
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Sep 30 2013, 08:18 PM
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it is lower than opening at 1331/oz now
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kkid
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Sep 30 2013, 08:35 PM
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Getting Started
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Maybe going up next week if not stagnant n imposible for waterfall ...
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XtraLeoGecko
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Sep 30 2013, 08:59 PM
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Hi all sifus,
Anyone plan to trade in the soon available bursa derivatives of gold futures?
Appreciate if you can share the +ve / -ve of such an investment tool... Thx in advance..
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danmooncake
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Sep 30 2013, 10:32 PM
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Darn it.. testing 1325 again.
Tough to trade on long side when US govt wants to shut down.
$vix high. Gold also got sold off.
Need to get some PUTs in place.
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TSdavinz18
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Sep 30 2013, 11:09 PM
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Gold futures drop as government shutdown looms
Gold futures dropped on Monday, joining a broad selloff in commodities and equities as fears of a U.S. government shutdown escalated.
While turmoil would be expected to boost gold, which traditionally serves as a haven for investors, analysts at Credit Suisse noted that investment demand remains lackluster, while the latest data on futures market positioning from the Commodities Futures Trading Commission indicated that gold’s recent mini-bounce was driven by traders covering short positions rather than fresh buying. They see tough technical resistance for gold futures at the $1,340 and $1,350 levels.
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TSdavinz18
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Oct 1 2013, 12:13 AM
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Now USD 1330/oz
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wil-i-am
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Oct 1 2013, 07:26 AM
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Wat is the gold price now in anticipation of shutdown?
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hey_there
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Oct 1 2013, 12:01 PM
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Still not much movement ehh...
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