Malaysia Gold Investment

Gold price had broken USD960, but if Gold price need to continues to move up it need to broken USD 965 and rest above this level. However if the Gold did not rest above USD965 that the gold price may drop back below USD940 and that is a buying opportunity. Gold is on the way up to hits back USD1,000 just when it will hits. Malaysia gold price also moving up fast, with the GDP -6.5% I think USD/RM value may go up so If your money in Gold your are save from inflation.

Either way, gold's problem lies at 965.00, the high after the February peak. This is now the resistance that must be broken. Support lies at 941.50. Gold has cleanly broken out thru its downtrend line. Any drop below USD940 will be a buying opportunity and Gold need longer time to hits USD1,000 per ounce. Invest in Gold need both currency and international gold price to be monitor, sometime the gold price is high but due to currency you profit may lower down. Malaysia gold price close at RM 107.14 and now have drop back around RM106 per gram. Gold Investment Account as at 27/05/09 3:51 PM Selling Price Buying Price 1 gram RM 109.6100 RM 105.3200

Base on the chart, USD value is about to hits low back to Dec 2008, during that time everyone is fear about the economic crisis but after that early of the year 2009, USD value was short up high so I think this time may be the same due to USD still the world currency. I personally think Malaysia economic fundation did not getting stronger, I still hear alot of company close down so I think Malaysia economic status did not show true puiture on share or currency market.

Nor has the US Dollar Index hurt gold. The gold price rose USD27.60 last week to close the week at USD958.50. This means more than the simple numbers. 928-930 was strong resistance, and above that was more resistance at 938-941.5. The gold price has steadily conquered those barriers and climbed nearly to its March correction high at 965. What can await the gold price but another attack on USD1,000? As I often repeat, the more times a market attacks a support or resistance level, the greater the odds it will break through. This rally isn't synchronized to the average seasonal pattern, but don't fight the market. It's happening. Little question that the disintegrating dollar is helping gold, but in the past couple of days demand has returned to the market, retail demand. THIS WEEK gold prices ought to improve their gains. I think the gold price should take some days to reach USD1,000. It's just a hunch, but I think this time the gold price will finally pierce USD1,000. O

Due to the falling dollar gold price rose 13.80 today, clearing the USD938-USD941.50 resistance, and leaping half way to the next, and key, resistance at USD965. It closed at USD950.80, but right now is trading about USD954. The gold price ought to make a quick move thorough USD965, then run for $1,000.00. A USD50 move is nothing for the gold price when it gets steamed up. Back to Malaysia, Malaysia gold price is at around RM108.18 per gram with currency as below: Currency Selling TT/OD Buying TT Buying OD Currency Notes Selling Buying 1 US Dollar 3.5650 3.4920 3.4880 3.6170 3.4590 Some report from bank written that Ringgit Malaysia many drop in value again USD by end of the year to 1 USD = RM3.60 if this happen Gold value will be short high.

Just about the time you start believing you understand markets, they pull something wholly unpredictable. Yesterday gold prices fell away from the very top of their trading range USD930 to the first support level beneath those, USD920. When a market weakens like that, you expect at least a day's follow-through, but today gold prices shot up. The gold price traded as high as USD929.15. Gold climbed USD5 to close at USD926.30. Perhaps it is a sucker rally. Then again, perhaps on Monday the bears all came in and established their short positions for the week, forcing metals down. When today dawned without more bears, the buying pressure drove the price up. Let's add a mystery to the riddle. The more times a market approaches a support or resistance area, the more likely it will break through. This is the third time the gold price has knocked on the 928-930 door. There's something we're not seeing. Retail activity is weak, yet metals keep on climbing. The buying isn't c

Gold Prices broke today, falling back from the top of their established trading channels USD928. Oddly, they only fell to the next support, the gold price closing at USD921.30 (down USD6.70). That makes this look like it will be a mild break. Too early to tell whether this will last only a couple of days, or go down further for longer. Upside gold needs to pierce USD930. Gold remain above their 50 day moving averages, still a good sign. Malaysia gold price is at RM105.15 per gram drop from RM108.24 yesterday. I had read a report from The Edge written that Ringgit Malaysia value will drop by end of this year to end up USD1 equal to RM3.90. If this happen, Malaysia gold price will fly sky high.

GOLD markets are behaving so strangely, Usually when a market breaks through resistance (or support), it jumps ahead like a paper wad out of a rubber band. The pent up strength pushing it up is at last loosed, and shoots ahead. If the market approaches a resistance area and stays a couple of days without penetrating, usually it falls back. Not the gold markets, not this week. The Gold Price shot thru the major resistance at US$920, but instead of shooting ahead or falling back, it has edged up a couple of bucks a day all week. Odd! A More mystery is added. The premiums on physical gold last week seemed to say, "Oh, well, let's fall back to normal." Then they did it all in three days, after acting abnormally for 8 months (since September last), dropped to where they were a year ago. But this makes no sense, because nothing happened in the price movement to justify such changes. It simply doesn't add up. And although the public is not buying (I keep checking the phone

The GOLD PRICE rose today USD2.50 to close right on resistance at USD928. These "up two bucks a day" closes only tell us that somebody is buying gold. Why point that out? Because all the blackshirts in the pits, commercials and professional traders, take no long term position. They only play the greatest odds, and reverse position when proven wrong. Anybody looking at a chart sees big resistance at 920, then at 928, so for those folks it would make sense to sell, and I'm sure sell they have. Taking that into account, gold's performance of the past week earns considerably more respect. The RSI and MACD indicators say that there is much more room upside possible. Now on Malaysia below is the price sell and buy by PBANK Gold Investment Account as at 15/05/09 10:51 AM Selling Price Buying Price 1 gram RM 108.1300 RM 103.9200

Gold Investment Account as at 14/05/09 2:22 PM Selling Price Buying Price 1 gram RM 108.3600 RM 104.1400

The Gold Price clearly is trying to fight its way through USD928, but is trudging through deep mud. Silver closed at USD14.00, holding that level at least. Both metals are at the top of their trading range. If they can't break through to higher ground now, they will fall back toward the bottom of the range. That's why USD928 and USD14.50 are so important. What I know is now the market is very light business. Gold and Silver have traded back and forth over this region so often that they have eaten up people who are willing to buy or sell at these levels. Therefore they have to either drop or breakout upside before the business picks up again.

Gold Investment Account as at 13/05/09 12:52 PM Selling Price Buying Price 1 gram RM 107.1800 RM 103.0100

Gold Price just close at USD920, finally gold move up and out of 920. If the gold price can hold on for few day than gold price will bounds up high again.

Both silver and gold are acting strangely. Gold has fought hard to break through 920, without success. Yet instead of falling back and fading, it just keeps knocking on that 920 door. If markets break down, the gold price could drop to USD890 but if they break out, Oh, my! Hello, USD1,000 per ounce gold equal to RM114.79 per gram.

Gold price is up and down between USD910 but base on the RSI, the price is about to go up. In RM now international price is RM105 per gram, however when check with PBbank sale price, normally will add RM2.00 but now PBbank still sale in RM 105.23?! USD value is dropping so the Gold price moving up.