Gold Support At $1,180/oz and $1,161/oz, Then At $1,000/oz



http://news.goldseek.com/GoldSeek/1412602028.php

This post has been edited by nexona88: Oct 6 2014, 10:18 PM

the price could go even lower

Gold rises on lower dollar, Fed rate hike uncertainty
http://www.reuters.com/article/2014/10/13/...N0S82LC20141013

Gold near 1-month high on flight to safety, global slowdown worries
http://www.theedgemarkets.com/my/article/g...lowdown-worries

agree.. after that sure drop one

Gold prices dipped below $1,200 an ounce on Thursday and silver slid to a 4-1/2 year low after the Federal Reserve ended its bond-buying stimulus programme with unexpectedly upbeat comments about the economy.

"Overwhelming bearish pressures weigh on the metal, with both technical and fundamental indicators pointing lower," UBS said in a note. "(That could take) the price towards significant support at 1183.23, (the) October low, which also coincides with December 2013 low."

http://in.reuters.com/article/2014/10/31/m...N0SQ1RM20141031

Gold, silver struggle near 4-year lows
http://www.thestar.com.my/Business/Busines...lows/?style=biz

Gold has remained close to the four-year low hit during the previous session, as analysts reduce their expectations for the price of the precious metal.
http://invezz.com/news/commodities/14417-G...ll-towards-1000

* Dollar index hits 4-1/2 year highs

* SPDR fund holdings at 6-year low

* Chinese prices swing to discount again
http://in.reuters.com/article/2014/11/05/m...N0SV4BR20141105

http://www.bulliondesk.com/gold-news/focus...s-socgen-84645/

Several lawmakers have urged Bank Negara to probe operations of a local gold investment company in Sarawak and Peninsula Malaysia that has been blacklisted.

Julian Tan (DAP-Stampin) said that he had received complains from several individuals who had invested with the company (Global Peace Loving Family).

"Several investors, mainly senior citizens, have invested thousands of ringgit with the company.

"There are now worried of losing their life's savings,” he told reporters at Parliament lobby during a press conference Thursday.

The company, he said, is operating nine offices in Sarawak with five in Peninsula Malaysia assured investors RM56,000 in returns after two years via payment of a RM3,000 membership fee and investments.

Alice Lau Kiong Yieng (DAP-Lanang) said she was approached by the company with promises of financial help for her long-house community projects if she endorsed it.

However, she said she refused to do so after querying further as to its financial ability to assist in the project.

Meanwhile, Lim Lip Eng (DAP-Segambut) called on the authorities to investigate the company as it has been blacklisted by Bank Negara.

He said the company would seek patronage of local VIPs and politicians for their events in a move to attract more investors.

"We don't want a repeat of the YSLM case where the founder was allowed to leave the country only to be arrested in Thailand recently after operating for two years," he said.

He urged those who have invested to come forward to lodge a report with the authorities if they have been duped.

wah suddenly this thread become so active

http://www.marketwatch.com/story/gold-head...7?reflink=zacks

woah, expected to drop even lower

Gold Trades Little Changed as Dollar Falls From Five-Year High
http://www.bloomberg.com/news/2014-11-25/g...with-rates.html

Gold fell on Friday on the back of a slump in oil prices, with strength in the dollar piling further pressure on the metal, ahead of a referendum on the management of Swiss bullion reserves this weekend.

Oil prices posted their sharpest losses since 2011 on Thursday after OPEC refrained from cutting its output, following a more than 30 percent plunge in prices since June. Oil steadied on Friday, but remained under pressure.

"Weakness in oil prices isn't good for gold, because inflation expectations are adjusted downwards," ABN Amro analyst Georgette Boele said.

"We've been looking at inflation expectations and oil prices and gold, and there has been a very strong relationship this year."

we cannot actually know how low can gold price go. only time would tell

+999

Gold eases back towards $1,200/oz ahead of ECB meeting