1. Gold is traded 24/7.

2. So how exactly does one define closing prices?

3. Anyway, if you insist, in percentage wise, how many percent 'drop' was that? Got 1%?

4. Gold is 24/7... 24/7 non stop trading.....

5. which is why the live gold prices charts is a better indication.... https://goldprice.org/live-gold-price.html

6. The chart ..... does it look like it's end of the world? falling?



7. Some of the pros on gold ...
https://www.fxstreet.com/news/gold-price-ne...bs-202008181254

8. MuiP .... only held 40% of nex metal mining. Nex Metal as it is, is still losing money. Look at the chart of nex metal and ask yourself, why should MuiP so bullish? Our stock goreng masters so much better than the Aussies?

9. Jewelry does benefit from higher gold prices but the benefits does not warrant the crazy goreng limit prices.

10. Niche Capital is really a lousy company. Go check 10 year history.....

Well, if like this, hope you understand that you sure are playing a much risky game.


btw Niche Capital = Nice.

https://www.goldpriceoz.com/gold-markets-tr...g-time-amp.html

The gold is falling part really was too much.......

and even if one used the 'reference' prices which can be seen on the below table



sos: https://goldprice.org/live-gold-price.html

The so called fall in percentage is only 0.55% only.....


The best way to get benefit from gold is either thru the local banks bullion or gold coins.... or some do offer certificates...

That's the way to go.....

This post has been edited by Boon3: Aug 19 2020, 11:03 AM

It's not exactly an advice (plus I m not good enuf to give any dvuce) but just saying it as it is...so at least one have a better idea on what exactly one is betting on


Anyway our penny stocks have its set of rules and masters. It can go crazy without any proper reason.

And some penny stock, without fail, will have its own bull run whenever the market is hot...

This post has been edited by Boon3: Aug 19 2020, 11:23 AM

It's rather useful, in my opinion (which many would not agree, esp when they are punting). that one should at least know the briefest idea on what they are betting on. Want to bet on a race horse, at least know what color the horse is lo (lol .... I will be slaughtered for that remark )

For example, Nice = Niche Capital Emas.
It does jade stones and gold jewelry.
As a company, this is a lousy company.....

https://klse.i3investor.com/servlets/stk/fi...p?type=last10fy

( lol ... no where else got the 10 year summary ... )

last 10 years... only made money 3 years....


this is the very basic info ... one should be aware of when they buy Nice and hope to profit from the gold bull run.....

but then punters will argue.... such info is not needed.... bull run.... we just goreng up the stock only ....

That's the thing.... anything can be goreng.....

Just saying that there's no harm with some extra knowledge....

And if one understand how lousy a company Nice is but still reckon the stock is worth to bet because punters will just simply sapu anything that is related with gold.... then go for it lor.....

For all Genting's underhanded dealings with transactions that involves the owners themselves (RPTs) I would never invest a single sen in this group.

Best way is to think like this...

Would you invest in my company Boonie, if I keep doing deals, such as selling another company, which I owns, to Boonie at a high price? And the other stinko part of the deal is this company I am selling is known to be losing money...

Would you?

Net got tons of info lo..

Search Genting Related Party Transactions

https://www.google.com/search?ie=UTF-8&sour...rty+transaction

From there...

https://www.theedgemarkets.com/article/rpt-...ket-cap-one-day

That is why la... whenever I see such messages...

I do my civic duty to inform others...


And in this sense, this is why I mentioned that old fart...

But the stock market...
LOL...these stuff is hard to listen.. more so if the listening party has vested interests.

The other solution would be better. Ask the boss to take only 10% of his salary. That should solve all issues.

I know... I was being sarcastic...

ranting time...
LOL!

I always remember the saying leopards don't lose its spots.....
and in the corporate world...
once a company does nonsense... it will continue to repeat its nonsense all over and over again....

So for the x number of times....
do not invest in Genting and its group of companies....
do not touch laaaaaaa

avoid like hell!


but the funniest thing in the stock market...
ppl forget ....
and these big corporate repeats its nonsense ...
and the shareholder gets burnt over and over again......



I bet you within the next 5 messages...
this message will be repeated once again...

I know la....

But some of these stocks are really shit....

Then there is the OnG stock. Bloody hell the stock keeps losing money... and the CEO just pockets his millions and millions without a care in in the world....

I hope no punters are stupid enough to punt his stock.

Do you need me to wish you luck... LOL! LOL! LOL!

Let me try remember some famous sayings... *cough*


What is cheap doesn't mean it is good....

What is cheap could get cheaper .....

You will never realise the company 'true value' under a crooked boss...



Genting M .... it was above 3.60 ....

then this shit happened ..... https://www.theedgemarkets.com/article/rpt-...ket-cap-one-day

Genting M today how muchie?

Ask CEO go on a no pay salary la

Empire was losing money...and I will call genting group as a serial rpt la... Every 10 years.. do at least once.

Anyway... if you think okay... go ahead... just as long as you know the risk lo....

ChAOoz

That was a terrible reply... sorry rushed it... and it wasn't convenient due to the company I was with ...

Anyway.... what I wanted to say was....

Empire was losing money...
It was owned by the Lim family...
and you said it precisely that Empire needed the Ca$$h .....
or kopi shop style of talk is Empire needed a bailout la

And what did they do?
Use GenM to buy the stake....

is it wrong to say ' lose money only sell to GentingM' ?

Okay... how this? Have you seen a RPT deal done with Genting or GentingM that benefits Genting/GentingM?

Genting Group other mega million rpt deals over the decades...
what's the similarity?

my answer? Genting group cash is used to takeover all these companies which coincidentally, for some reason or another, is either losing money or needed a bailout.

and ps their yearly related party transactions is a lot too....

But like I said, if you understand and accept all these....then go ahead .... seriously la.....