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 Gold Investment Corner V8, All About Gold

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lyralp
post Nov 4 2014, 04:30 PM

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QUOTE(Archer17 @ Nov 4 2014, 03:09 PM)
if want to buy gold where to buy? from the bank will give you physical gold bar?
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Bank - Al-Rahji, Maybank & UOB Gold Coins only
Non Banks - MyBullion, Alliance, Public Gold, BuySilver
lyralp
post Nov 4 2014, 06:00 PM

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QUOTE(Archer17 @ Nov 4 2014, 05:21 PM)
that can keep on your own or just buy gold and just save at their bank?
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Got all types, including physical gold which you buy and take back home or you can buy and ask them to keep it safely for you for a fee etc. Need to check with the banks or retailer on the various options available from them.
lyralp
post Nov 4 2014, 11:28 PM

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QUOTE(tchtax @ Oct 9 2014, 10:30 PM)
I would short gold if I had the opportunity.
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You can SHORT gold with Bursa Malaysia gold futures (FGLD) if you have a trading account
with one the many futures brokers registered with Bursa Malaysia. The futures contract is
for 100gms, traded in RM, margin is RM800, is cash settled (no need for physical delivery).

The volume is quite low compared to the other futures contracts, namely, FKLI (Index) and
FCPO (Palm Oil). Hopefully the volume will increase over the years for improved liquidity.

Just google Bursa Malaysia Derivatives for full details.



lyralp
post Nov 5 2014, 12:45 PM

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Doing 1161/Troy Oz now. No one knows where it will go but what you can do is to follow the trend. If it keeps going your way keep it, if not going your way you can get out or hedge it. as simple as that but not easy to do not because of the market but because of your own emotions smile.gif
lyralp
post Nov 5 2014, 04:28 PM

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Crude Oil & USD going down along with Gold which is doing 1148 now based on live data
lyralp
post Nov 5 2014, 04:45 PM

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for most-up-to-date gold prices goto Investing.com. It is not live (auto updated) but will give the latest when click-in, click-out, click-in again. sort of manual updating but it is FREE and can get quotes for many assets
lyralp
post Nov 5 2014, 09:15 PM

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Gold doing 1141 right now, looks like no letting up, the same for Crude Oil and USD and all these are dragging down CPO price as well

This post has been edited by lyralp: Nov 5 2014, 09:16 PM
lyralp
post Nov 6 2014, 03:14 PM

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Gold now doing 1143, recovered a few points from low of 1137 yesterday. Same for Crude Oil and USD, both also recover a few point from yesterday's low.
lyralp
post Nov 6 2014, 11:39 PM

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Gold doing 1147 now, attempting to recover lost ground but is faced with heavy lifting, same for Crude Oil & USD
lyralp
post Nov 7 2014, 12:34 PM

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Gold doing 1140 now, market seems to be taking a pause, undecided where to go
lyralp
post Nov 7 2014, 05:34 PM

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Crude Oil, RM and Gold has taken a beating. Crude is getting into breakout formation... up or down we dont know BUT to go up would require some very heavy lifting. Gold actually hit a low of 1131 and some fella is working very hard to keep it from falling. the smart thing to do is to follow trend, when against get out or hedge it in some form

This post has been edited by lyralp: Nov 7 2014, 05:54 PM
lyralp
post Nov 7 2014, 05:37 PM

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or maybe the money has shifted to equities, the clue is that all index are doing well except ours which was up when everybody was down... we are special, Malaysia Boleh
lyralp
post Nov 7 2014, 11:24 PM

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Gold doing 1153, doing a rebound along with Crude Oil, USD getting stronger (1 USD = 3.345 RM)
lyralp
post Nov 8 2014, 11:56 PM

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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 smile.gif

This post has been edited by lyralp: Nov 8 2014, 11:58 PM
lyralp
post Nov 10 2014, 12:48 AM

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QUOTE(turion64 @ Nov 9 2014, 04:23 PM)
where do u guys see/know the resistance price ? is there a website to check?
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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 smile.gif





lyralp
post Nov 10 2014, 12:41 PM

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Gold doing USD 1172/Troy Oz. Heavy lifting for a rebound on-going for Gold
RM, Crude Oil
lyralp
post Nov 11 2014, 12:36 PM

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Gold is doing 1150 now, the attempt to rebound either failed or is just taking a break. Crude Oil and RM is weakening, meaning USD is getting stronger smile.gif

This post has been edited by lyralp: Nov 11 2014, 12:36 PM
lyralp
post Nov 11 2014, 05:14 PM

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Gold has fallen/falling, Ringgit has fallen/falling & Crude Oil has fallen/falling for the past three to four months or simply put it is all in downtrend. No one knows when this trend will change. Most index have gone up quite a bit meaning that equities are doing well. The question is are you on the right side i.e. in the money, IF not then you must be short of knowledge, tools, skills and experience and you need to work on it smile.gif
lyralp
post Nov 12 2014, 01:12 AM

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QUOTE(Archer17 @ Nov 11 2014, 07:12 PM)
what should i look into it?
i really short off all this as you mention since i just start to exposed this.
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We know that it is possible to make millions in almost everything if not everything. People have made millions doing property, stocks/shares, futures, education, medicine, etc. etc. This clearly shows that it is NOT where got millions it is WHO can make the millions. If we take a close look at all those who have made their millions it is clear that they all have something in common e.g. they are very focused on what they do, they have great patience, they work hard, they work smart, they have faith and belief in what they do etc. etc. This simply means that the first thing to do is to choose what you can do well or more importantly like to do and just work on it. These people do NOT chase after the million, they chase after knowledge, tools, skills and experience and the millions come chasing after them and not the other way around. If want to trade/invest in gold then we must know as much as possible about gold and there is so much to know. First there is physical gold, then there is paper gold (ETF, Futures, Options, etc)... first get knowledge and go from there, it will take time BUT if you are determined and focused... you will arrive, just my 2 sen smile.gif
lyralp
post Nov 12 2014, 01:25 AM

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QUOTE(Archer17 @ Nov 11 2014, 07:18 PM)
so as my earlier question if i invest on gold would it be better than fd? cause in fd if i put rm10k, one year later get rm400.
what happen if i invest in gold will it be better risk?

by the way, buy silver can go anywhere?
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FD is for people who do not want to take ANY risk or think there is NO risk wink.gif. With FD your money is being worked by other people more for other people BUT if you do not know what/how to invest then it is THE BETTER way. To get a better return for your money i.e. let your money make money for you it is necessary to take calculated risks and make some effort to learn and understand what is possible and what is not possible. It is all about balancing FEAR & GREED and taking the center path smile.gif

This post has been edited by lyralp: Nov 12 2014, 01:31 AM

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