work in a bank the past 6 years and yeah i noticed it too....however some tips for u....BNM can control and regulate credit lending for normal rakyat....but who does the papa mama job and regulate government spending?

Sovereign debt big bang coming to a cinema near you....

max cavalera, u mean usd going to fall soon ? dj...
and bear bear coming soon?

Gold doing 1153, doing a rebound along with Crude Oil, USD getting stronger (1 USD = 3.345 RM)

Great. 1160 now 👍👍👍

Rm125 now. suddenly jump up..what's goin on ?

a correction...resistance will hold it max around 1200 next week
still bearish

yeap resistant somewhere 1200 +-, good time to ETA (short one that is)

This post has been edited by Sham903n: Nov 8 2014, 09:22 AM

Gold snapped a seven-day losing streak on Friday after data showed the U.S. economy created fewer jobs than expected in November. But the precious metals still closed out the week 1.5% lower.

“The ‘don’t catch a falling knife’ mentality is keeping physical guys on the sidelines,” he said. “Some interest is emerging, with gold forwards starting to tighten; however, the bulk of participants remain wary.” - Walter de Wet, head of commodities at Standard Bank

"The future for gold depends not upon wild stories that always claim only gold will survive. Sorry – that part is not true. The future of gold depends upon one thing – the Sovereign Debt Crisis. That is all about time. We laid out the new role for gold going forward in that special report. There is no reason to change that outlook." - Martin Armstrong

http://armstrongeconomics.com/2014/11/07/g...ing-from-grace/

This post has been edited by basSist: Nov 8 2014, 11:28 AM

Not an expert...anyway bassist just sums up my thought....read his link...

Quick question here, will my account always left with 1gram no matter how much losses I make? For MGIA in this case. And what if our account is inactive for years? Will Maybank cancel our account?

parking my money somewhere else. not gonna get any this month.
so please, dear spot price, stay where u are

Support letter contradicts gov't on 1MDB debt
11:47AM Nov 8, 2014

A support letter by the Malaysian government revealed today contradicted the Finance Ministry's claim that Putrajaya is only guaranteeing RM5.8 billion of 1Malaysia Development Berhad's (1MDB) total RM38 billion debt.

The letter, published in The Edge Malaysia, showed the government had guaranteed to step in if 1MDB cannot cover a USD3 billion debt by its wholly-owned subsidiary 1MDB Global Investment Limited (Issuer).

"In the event 1MDB, as shareholder of the Issuer, fails to provide the required funds... Malaysia shall then step in to inject the necessary capital into the Issuer, or make payments to ensure the Issuer's obligation in respect of the debt are fully met," read the letter.

When the support letter was issued on March 14 last year, the USD3 billion debt had a converted value of RM9.6 billion. That amount stands at RM10 billion today.

Both amounts – when the support letter was issued, and its value today – far exceeded the RM5.8 billion claimed by the government, which was reiterated by Deputy Finance Minister Ahmad Maslan (right) on Thursday.

http://s.m5.malaysiakini.com/news/279880.html

There is no telling how much explicit and implied guarantee have been issued. May not have effect on usd gold price but myr.

This post has been edited by icemanfx: Nov 8 2014, 06:35 PM

Gold closed at 1176.56 up 34+ points or +3.05%
a significant change for one day with silver doing
+2.26% with other commodities left far behind

This post has been edited by lyralp: Nov 8 2014, 11:58 PM

where do u guys see/know the resistance price ? is there a website to check?

any expected that gold price will rise again?

Goto Investing.com, scroll down to "Technical Studies"
On "Popular" Tab select "Gold" Counter
select the timeframe (5Min, 15Min or Hourly)
Read S3,S2,S1, Pivot, R1, R2, R3 for resistance & support
S = Support, R = Resistance

Hope you find this site & the information useful

great info..nice..

Gold doing USD 1172/Troy Oz. Heavy lifting for a rebound on-going for Gold
RM, Crude Oil