Aiyahh.. Everytime there is a new thread.. Gold always go down again.
Next time before the old thread end, just let me know.. I can short first.

Under 2K?? it's going under 1K soon!

SELL SELL SELL!

Seriously, don't buy or invest in Gold now. Big money is already out.
Only lemmings get sucked in.

Look at the USD! It's getting stronger because US economy is recovering and getting stronger.
The jobs report is pretty strong this month.

Who wants to hold Gold? They're dumping it. European dumping, China dumping it.

Get USD and buy US stocks! They got yield! They got earnings.

Gold is nice to look at.. that's it! Piece of useless metal.

Again, the same argument been made that it is hedge against inflation over and over so many times.

The reality of the fact is there is little or no inflation elsewhere.
Inflation is not happening in the developed market.. only in the emerging market (like Malaysia).
The problem is emerging market like Malaysia does not have enough Gold buyers to move the prices up.
The ringgit is weak and pathetic. Who wants this? Who uses it?

Ask yourself who in the world wants to takes in Ringgit and sell you Gold? Literally nobody outside Malaysia!

Never buy gold in Ringgit terms. It's a losing proposition and downward spiral.
Better put Ringgit in Fixed Deposit for one year - at least can get 3.5% yield or better.

It's all in the news.. China DUMPING!!!

Simple. They got tired of holding this POS that provides no yield. They also need to support their own stock market..need more liquid cash.