No difference from rolling a dice at casino.

I see    I'm still learning 

When sharp drop, time to load up, now sharp up.. Ready to shoot.... If you understand gold.. This is how it's been lately.. That's how ppl can make fast cash..

Received this surprise parcel from Maybank. I am not even aware I participated in this contest.



Won myself Apple iPad mini Wi-Fi Cellular 16GB Black. Thank you Maybank.

Edit: Just found out the contest detail when you buy gold and silver from Maybank. Info: http://www.maybank2u.com.my/WebBank/AffluentTnC_020413.pdf

Do u mean gold investment account? No, they don't charge anything when we buy. But there's spread. Meaning that the selling price is lower than the buying price.

yup. the online gold investment account. how about if we sell it back to them online, there will be no certain % being charged? I'm confused because I read somewhere in v6/v7 that the bank will charge a certain % of the amount.

When sharp drop, time to load up, now sharp up.. Ready to shoot.... If you understand gold.. This is how it's been lately.. That's how ppl can make fast cash..

U deposit 100g of GIA in May?

How do you guys buy and sell so quickly when the buy sell price is difference of RM5 at least per gram. Meaning that if you buy it at RM137 per gram, u need to wait for the bank buying price to be more than RM137 to gain profit right? Cause the bank buying price per gram now is only RM132. You would not make a quick profit like that.

What happening to the market? Suddenly "sharp" drop yesterday, Now Suddenly "sharp" increase. It's almost the same rate (drop & up - see the chart)   

Short covering.. I had to do it too yesterday. It's expected.

Now, let's dive again the next time. Roller coaster rides. 

just curious, where did u buy ur gold? you sound like a margin player to me. 

US market.

ic, what's the minimum?

Yes, US25K to open margin account.

Malaysia to Start Gold Futures Trade as Investor Demand Expands

Malaysia’s first gold futures contract will start trading on Oct. 7 to meet investor demand, according to the head of the country’s derivatives exchange.

Gold prices will continue to be volatile and the 100-gram, ringgit-denominated contract will allow investors to trade without worrying about currency fluctuations, Chong Kim Seng, chief executive officer of Bursa Malaysia Derivatives Bhd., said in an interview. Bullion for delivery up to one year will be cash settled and benchmarked against the London fixing, he said.
Enlarge image Gold Jewelry

Gold slumped into a bear market this year after 12 annual gains, spurring increased demand from buyers in Asia including China, Thailand and Indonesia. Malaysia imported 9 billion ringgit ($2.8 billion) of gold in 2012, mainly for processing into jewelry, and exported about 7 billion ringgit of gold jewelry, said Chong. Gold imports totaled 6 billion ringgit in the first half, signaling increased physical demand, he said.

“The small contract size means retail customers, big or small, can be involved and traders who want to do hedging can just do multiples,” said Chong. “The issues that’s facing the U.S., the government shutdown and the tapering policy, have an impact on the U.S. dollar and interest rates, so it’s important that people consider gold as part of their portfolio.”

Gold for immediate delivery, which traded at $1,313.85 an ounce, has declined this year on speculation the U.S. Federal Reserve will taper stimulus as the largest economy strengthens while inflation fails to accelerate. Bullion rose 2.2 percent yesterday and fell 3.1 percent on Oct. 1 as the U.S. federal government’s first shutdown in 17 years began.
ETP Holdings

Rising demand for gold in Asia helped offset record sales from bullion-backed exchange traded products. Holdings that increased every year since the first product was listed in 2003 have shrunk 705.7 tons this year, reaching a three-year low of 1,926.2 tons yesterday, data compiled by Bloomberg show.

Demand for gold in Malaysia may increase as investors seek to hedge against a depreciating currency. The ringgit is the worst performer in Southeast Asia this year, with a 4.5 percent loss, after Indonesia’s rupiah and the Philippine peso.

“There’s a lot of investing interest out there in the marketplace and a need for a more safe and trusted regulated platform,” said Chong. Bursa, part-owned by CME Group Inc. and a unit of Bursa Malaysia Bhd. (BURSA), may start gold options and silver futures contracts later on, he said today.

http://www.bloomberg.com/news/2013-10-03/m...nd-expands.html

how much per point?

malaysia contract is smaller size and lower margin - RM1k