I notice price of 1oz in USD still similar ard...12xxusd...

This price surge to rm13x is because of ringgit drop in value compare to USD? It should be rm12x if our currency to USD still at 3.3...

i'd recommend park ur fund into gold around 5-10% of ur total worth...the market is volatile and tension between nations is rising currently...what more with more n more country is in civil unrest...when at worst war happen example US on Ukraine and Russia...ppl would dump equities and hoard commodities....food,shelter(house) oil, heck even gold....

we'll see what happen on July to Septmeber 2014 of this year wether a new trend pattern is in the midst of being develop...the early signs is there as people behave with their money...

This post has been edited by max_cavalera: Feb 14 2014, 02:15 PM

no one is ever 100% sure of their prediction even expert ... im just being alert as 60% of my capital is holding trust fund equity frm US and global develop market...40% is onstandby mode in my cash mgmt fund...if it hits rm150 before june this year...something serious is brewing n i might cashout my equity fund...dnt want a sudden major selloldown inequity to ruin my portfolio...

based on my personal research...gold will continue to steadily rise(but nothing remarkable) until early september 2014...of which id recommend you guys sell gold anywhere after that...coz after this that the confidence of investor is going to shift back their money to the US stock market ...

ill dump around 2-3k on amprecious metal trust fund next monday and see wether my analyst5 is right or koyak later haha

Relax everyone is entitled to their own opinion...he's got a point n I agree on the part ppl park their fund in gold when they sense the market is too volatile...When there's an uprising, war, turbulent times....so I agree on this.
.to me treating gold as a hedge against inflation is a blatant hoax...

March next month the world equity market is going to get more strenuous n volatile n as a typical investor I'm gonna park some of my fund in gold n commodity based fund...Means I'm using gold just as an instrument to stabilize my portfolio...

Based on martin Armstrong economic confidence model... Another correction is coming once Dow Jones index hit a min of 16500 index - 17800 before the start 3rd quarter of this year...of which after that period the Dow are gonna fly upwards again for the next 1 year before they suffer another more bigger crash...

So I'm holding gold based fund up until the small correction that happening on Dow later this year. After that I'll sold all my gold fund and ride the rally of the Dow until next year august...

Will go up but not as strong as its glory days in 2011...

Once US economy is fully sorted out end of this year gold gonna drop again...

wait for March and april following month market suppose to be more turbulent and more volatile...gold will provide good support to this...but if it doesnt happen and market continue to be solid gold will decline a bit...

it already formed a double bottom chart.... chance for upswing is quite big(if u r a season investor and u r very technical ).....ukraine interim president warns of government default on their bond payment and government debt(this contribute to a small gold gain recently) ...see wether Russia is gonna take a silent stance on this or they plan to military invade ukraine....

they already made noise that yanukovych being toppled as illegal...and claim he is the rightfully elected president of ukraine....if russia taking military action against ukraine as anybody guess gold is gonna keep going up....

I have already entered precious Metal fund around rm4k and commodities fund around rm1.6k...

If my research is correct gold is gonna be at its highest possible level in 2014 ending the week of 7th April 2014. Market will be at its most volatile period in the month of March 2014. I will most likely sold off all precious metal shares before 7th April.

Commodities fund is my hedge against uncertain weather as serious report coming up as an el nino phenomenon is already in place to hit us this middle of the year. This will effect and reduce food based and mining based commodity as extreme hot dry weather and incredible cold or flooded areas will reduce supply commodities throughout the world...that would cause the price of all majority commodities to increase...

In fact us Malaysian is already hit by this weather issue with water issue in west Malaysia and flooding issue in east Msia...

This post has been edited by max_cavalera: Feb 26 2014, 04:22 PM

Down due to encouraging us housing data release last night. Let see tonight

Hope gold don't suddenly rally this Monday...I already put order to top up 2k this Monday

Gold market mover is not gonna be Asian market right now...wait when the European n US market to open tonight... The rise in gold is due to potential war tension between US, Ukraine n Russia...so its mostly capital in this region that will move the price of gold...

Yes. Putin staying low a while for now... Dow Jones rebounded... I hold both gold n us equity fund...

1 gain, the other 1 drop ..vice versa

Either a bad us economy data or war potential can spike the price up...my judgment until 2nd week of April... Conflict still not fully resolved...

US gold market rally quite solid tonite...n I dont really have any clue why its so... @-@

BTW tonight market perform quite bizarre...Dow jones n gold both rally at same time... Even euro-usd as well...

Such situation is quite rare...

Further straining relationship between US and Russia as Ukraine autonomy region voted to be absorbed under Russian territory... Kremlin have vowed to strongly support this while the Ukraine government and US are screaming it is illegitimate claims though earlier US have urged RUssia to back out and let the Ukrainian people decide their own government and future....

New tension have occur as US and Ukraine struggle to avoid Crimea region fallen to the hands of the RUssian....New Soviet Union is being formed?

Could be...if gold could break 1400 by tomoro better...

This week Sunday Crimea going to vote on joining Russia.. .see what US n Ukraine uproar to this event...

Fuh not easy to reach today high... At USD 1385 an ounce...the price didn't move much on Asian trading hours....only late trading hours in Europe saw strong rallying.

My realistic expect action for gold to hit this figure by end of this week have been accurate.

Though a more bullish expectation hope the price exceed 1400...

Depends...betting in gold feels so much more speculative than holding equities...I think it have hit it highest price for this week. Next week the price might receed a bit but remain resiliently supported...my technical analyst seems gold bullish position strongest point will end by 4th week of April for this year.

Good. I also ladder on my profit taking once it hits return of certain percentage..