Gold stuck near 7-1/2 month low; set for worst week since May
http://in.reuters.com/article/2014/09/12/m...N0H701Z20140912

India's love affair with gold may be over, as prices slide
http://in.reuters.com/article/2014/09/12/i...N0H700X20140912

buy buy buy today RM128.30/gm!

Maybank Gold Investment Account
DATE SELLING (RM/g) BUYING (RM/g)
12-Sep-14 129.94 124.55

interesting read. with this news, does everyone think that it'll be a good idea to start going into gold but purchased at a spread out from now till whenever to ease into the acquisition and soften the drop (if any) ?

http://in.reuters.com/article/2014/09/12/i...N0H700X20140912

where?

Gold Bullion at 8-Month Low on "Weak" Demand as China "Gains Pricing Power" with New Contracts & Trading Exchange

Earlier touching 3-week and 1-month lows respectively, the bounce for gold bullion priced in Euros or Sterling was more muted, as the Dollar weakened following a surprise jump in weekly US jobless claims data.

"We have had disappointing growth data and the Dollar is very strong," Bloomberg quotes Barclays' analyst Kevin Norrish.

"Growth now looks a bit less promising and supplies in many commodities are quite robust.”

Gold bullion's "traditional monthly strength" in September is clearly missing, says a note from analysts at Deutsche Bank, disappointing bullish traders thanks to "generalised weak demand...

"We have been warning about the risk of a further decline to 1204.00 some time," Deutsche's team says.

"However, interim support from near-term buyers is now likely to be found [around] 1241.00."

The all-in cost of sustainable gold mining – taken by many analysts as a long-term floor for market prices – fell in the second quarter of 2014 to average $960 per ounce across the major producers, says a note from French investment and bullion bank Natixis.

"At the same time," it adds, "the largest "Western producers have been able to maintain the same level of production."

where its heading? down.
how much? 1180
long shot


This post has been edited by Sham903n: Sep 12 2014, 07:00 PM

just bought today at UOB. go down somemore i will buy again.

hi all ,
the price keep going down , but on weekend the price will be stagnant . so by nextweek will it drop more?

Gold Falls to Eight-Month Low Amid Signs of U.S. Growth
http://www.bloomberg.com/news/2014-09-12/g...-month-low.html

Chances for gold to climb in the foreseeable future is slim. As holding gold incur cost, unless for speculation, there is better investment opportunity out there.

i see, so got to wait till down to USD1200 then only buy more?


by then how much would it be when buy paper gold at bank in RM/gm?

if convert = 1200x 3.2/30 =RM128/gm??? is this correct?

any market place to sell my gold coin/bullion?

The odds are stacked against gold

Gold prices dipped to an eight-month low last week as a bout of panic selling hit the market. Prices touched $1,227/ounce and finally closed at $1,229.7, down 3 per cent. With the Fed’s interest rate hikes expected early next year, investors are moving out of low yielding physical assets.

The possibility of early rate hikes by the Fed and the strengthening dollar are pushing gold down. However, the imposition of fresh sanctions by the US and the EU on Russia has made the situation uncertain again. The outlook for gold, however, is seriously negative, given that consumer price inflation globally is set to drop with the US now all set to wind up its stimulus programme and crude oil prices already on a south-bound journey.

This coming week will be action-packed with key data releases in the US.

A close below the support of $1,240 is a bearish signal for international gold. This week, gold prices may well target $1,200. If this is broken, then it can go to the lows seen in 2013. There is a descending triangle pattern forming in the chart from the high of $1,423 with the neckline at around $1,180/$1,190.

In the coming weeks, if this support is broken, gold may fall steeper.

Hope gold dropped below USD 1200 next week

Gold rebounds on weak shares, still near 8-month low as Fed in focus
http://in.reuters.com/article/2014/09/15/m...N0RG2GW20140915


Continue at Gold Investment Corner V8

This post has been edited by davinz18: Sep 16 2014, 12:14 AM