Couple of days ago...

Nope.. actually, another festival (we all know what it is) coming in two months time.

So, watch that price movement. Make your mark and score some dough.

true. the only risk i see here is risking ur money being stuck in the bank like FD but without interest. (FOC for the bank to use). unlike futures, where u risk losing ur capital plus pumping in extra money to maintain ur acc.

Gold will end this year at around 1400.
Lim peh say one

+- how much ? Don't tell me +-200

Dun la so much... +-20 enuf la

just sold and make some money better hang in before next purchase

Gold near 3-week high on U.S. data, fund inflows

Gold extended gains on Thursday to a three-week high on hopes the Federal Reserve may not scale back its commodities-friendly bond buying soon, and as holdings at the world's top gold-backed exchange traded fund (ETFs) rose for a second time in a week.

Traders shrugged off tighter import rules in India and outflows from other gold ETFs, pushing up prices for a sixth session out of seven on the prospect of rising demand from investors and physical buyers.

Physical demand, however, seemed to be picking up with the recent stabilization in prices bringing back buyers.

Demand in India and China could each cross 1,000 tonnes this year, the World Gold Council said on Thursday. It also said overall gold demand fell 12 percent in the second quarter due to the outflows from ETFs.

1. A gold short squeeze appears to be in play. In other words, many investors sold gold short in hopes that its price would plunge, but the price of gold has been climbing for several sessions now. So the shorts must cover their trade, meaning they must buy back the gold position they shorted and take a loss, since they now have to buy gold at a higher price

2. An increase in gold demand from China and India has been another catalyst for gold. China's consumption of gold in the first half surged by more than 50%, reinforcing expectations that the nation will overtake India as the world's top gold consumer this year, the China Gold Association said in a statement on its website on Monday.

3. The biggest driver for gold prices, though, is the expectation that the Federal Reserve will keep interest rates at near zero.


In Chicago, most traders think tapering is a "pretty good bet" with rates likely to rise. While the Fed has said it won't raise rates unless employment improves, it's the market, not just the Fed, that actually dictates rates.

If rates rise and Treasury yields fall, people will realize bonds are "not a safe haven play" and will opt to invest in gold instead.


But pointing to a sluggish U.S. job market and an economy void of a visible increased rate of inflation, is ready to rule out tapering














If you believe gold’s going to go up, buy silver

Price goes lower now

Now is 1320

If fall to RM 12x again should pick up.

Bought at 1600 -1700, accumulated further 1400, lagi accumulated 1350; then start accumulated silver instead 2.4, 2.3 2.2, 2.1. Then start physical silver.....
But all small bites lah, pai seh.....

Precious metals - long term games. ... assets diversified purpose. Why sell if v r looking at 5-10 years horizon. ....

Agreed as many said the costs of mining is 1100-1200.... so best buy at this price. .... can by tonnes of it..... (in dreams)..... can only afford grams only in reality. ....

This post has been edited by XtraLeoGecko: Aug 15 2013, 09:09 PM

Gold reverses sharply after US jobless claims plunge

Gold fell on Thursday, reversing from a 3 week high after the number of Americans filing new claims for unemployment benefits fell to a near six-year low last week, hinting at a pick-up in job growth in early August.

Initial claims for state unemployment benefits dropped 15,000 to a seasonally adjusted 320,000, the lowest level since October 2007, the Labor Department said on Thursday. Additionally, the Labor Department said on Thursday its Consumer Price Index rose 0.2 percent as the cost of goods and services ranging from tobacco to apparel and food increased.

1380-1420. Your prediction is sideway. Hopefully it won't last 10 years like the in 80s and 90s. Then really no fun.

it is 1367 now!!! come on.. go again

Those China forum people say 1350 resistant break, now will all the way up to 1505, before make another small correction....

Darn, I sold too early.

The reason why gold just did an upward spike move of the type not seen since the summer of 2011, when it exploded higher by $20 in seconds, is clear , JPM is now actively buying up gold in the market to meet delivery demands. That, and countless stops getting hit, helps. But the most important factor: Paulson, Soros et al finally got out of the yellow metal. That meant there is only upside as the latent selling overhand is gone. As for silver: why not...

If you believe gold's going to go up, buy silver