Malaysia Gold Investment

Since start in March 2009, crude oil price have bound up stable to move above USD70. Sure we will ask why this black gold price (crude oil) will move up fast but the economic situation is still not recovery yet? The answer need to go back to 2008 when it begin. It took only 5 months for the price of oil to plummet from USD150 to under USD40 in the second part of the year 2008. Meanwhile oil consumption did not even decrease 10%, so what is the real cause of this collapse you may ask? During the first part of 2008, Western economies were already slowing down noticeably and hedge funds gradually pulled trillions of dollars out of the market and parked them in energy ETFs. At the time Chindia's insatiable thirst for oil and the "decoupling" of east/west economies had many believe commodities were a "sure thing", a sound enough tangible insurance to protect overinflated assets scavenged from made-up bubbles. On top of that, by using leverage, profits were multiplied...

Today we will see gold price try to broken USD 940 level, if this level broken so the gold correction will be end and the bull run to hits USD 1,000 per ounce will be start again. However the gold market is still unstable and in addition USD/MYR currency also up down up down will not help in forecasting the gold investment. Short term gold price is still no clear direction yet but long term gold always in bull run.

Base on the chart, gold price will unlikely to bounds up in short term and I think the next bull run will at end of this year so bull run may unlikely to happen on 3Q2009. Public Bank Gold Investment Account as at 25/06/09 1:20 PM Selling Price Buying Price 1 gram RM 108.9000 RM 104.6800

Yesterday gold up USD 3.30 to USD923.90, but remains below its 50 DMA at 925.26. Will it drop to its 200 DMA at 870.74? Again, markets do not drop from the 50 DMA to 200 DMA every time. Over the last six months, the gold price has tended to drop back less than I expected, certainly less than the max I expected. The gold price up is because the dollar lost momentum badly today, and I'm not sure it can continue to rally. Besides, time is running out for gold 's seasonal low. However, other gold price indicators are not yet oversold, and I recognize that I am so bullish that I will always put the best colour on gold 's outlook. Torture is, you want to buy on a dip, but you can't know whether the dip is dipped out yet -- or not. Worst place to land is twisting in the breeze of indecision, blown first one way then the next, and you end up not buying anything. Keep on reminding yourself that after this correction ends, the gold price will be headed for USD1,300 and higher, mo...

Gold price correction is not over yet but if the price drop below USD900 than the price will drop fast to USD865 level. In this time, any buying into gold may stop. Gold price is in seasonality low and USD930 levels successfully defended this week are so important. If we can go another week with those intact, then the correction's worst beating is behind us. Back to Malaysia, the gold price is still supported by the currency. Public Bank Gold Investment Account as at 22/06/09 3:51 PM Selling Price Buying Price 1 gram RM 108.8600 RM 104.6200

The gold price did not break through $940 on the first try so it will try a few time again but now it will test the downside of the range. Public Bank Gold Investment Account as at 18/06/09 3:52 PM Selling Price Buying Price 1 gram RM 109.2800 RM 105.0300

Today Gold will surely test USD940 level, but probably won't pierce it on the first try. If not, the bounce off USD940 will tell us how hard and long the rest of this correction will be. As long as the gold price doesn't close below USD926.80, the correction will be short and shallow. If it closes below USD920, 'twill take a little longer. Back to Malaysia, the gold price still good in position due to some help from currency exchange. Up to date the Public Bank gold price is as below Gold Investment Account as at 18/06/09 11:50 AM Selling Price Buying Price 1 gram RM 109.1700 RM 104.9300 I want to share some idea about gold investment, the single most important principle in investing is always invest with, and never against, the primary trend. By primary trend I mean the 5 to 10 year general up ("bull market") or down ("bear market") trend. Never buck the primary trend -- never. That rule means you must not buy stocks...

GOLD's 50 Day Moving Average (DMA) at USD920 may need to be not broken, if this level broken the bull run is ended for gold. Yesterday Gold price had drop lowest at USD 929.90 with RM104.56 per gram, after that the price bound up again. This is the opportunity to buy in gold, gold price in long team investment will always profitable. Gold price now is above RM104 per gram with compare to last year gold only RM95 per gram and if you compare ever year between May to July gold price ( usually gold price is low in season ) you will find that the price keep going up. I think after this summer gold price will move up to USD1,000 per ounce without look back.Yes the gold price took a hard blow yesterday, but it's not a catastrophe compare share market. Use these low gold price opportunities to buy more. Public Bank Gold Investment Account as at 16/06/09 3:51 PM Selling Price Buying Price 1 gram RM 108.5900 RM 104.3600

The GOLD PRICE took a hard lick yesterday, down 13.20 to close on Comex at USD926.90. Trading in the current market at 928. This is the support area that should have stopped it -- so far so good. Rising dollar recently (for reasons mysterious) hurts stocks as much as metals. Normally during summer all metals include gold will go lower and base on 10 years data around 13 June every year gold price is in low, but the point is clear: we are near a bottom in time (seasonality). The gold price might stop here around USD928-USD930, where we spent a week when we were rising, but might also stop at USD920, USD900, or USD890. Right now, USD900 is the lowest I see, but the market speaks every day and did not know what next. Back to Malaysia, Public Bank Opening is as below: Gold Investment Account as at 16/06/09 9:21 AM Selling Price Buying Price 1 gram RM 108.6200 RM 104.3900

Malaysia gold price close at RM105.98 last week, the support line will be at this RM105 per gram level. The hold picture is the gold is in bull run so after this correction gold price will hits new high. Now at US everyone is saiding this summer may be your last chance to buy gold under USD1,000 and silver under USD16.00. Public Bank Gold Investment Price Gold Investment Account as at 12/06/09 3:50 PM Selling Price Buying Price 1 gram RM 109.9100 RM 105.6100

Malaysia gold price need to hold on in RM 105 per gram, if this leave broken Malaysia gold price will drop and this correction to need bull run will be long may be around 2 months. However, in long term gold price is on the way up. By this year likely the gold price may hits high again.

Gold price is up and down around USD 950 per ounce and base on the chart, the correction will likely to be short may be will end next week. US Dollar value is dropping had make people lost confidence on it so thing will back to basic - Gold. Now a lot of US people transferring Dollar investment asset into another investment as long as out from USD, gold is one of they target due to more save compare share market. Back to Malaysia, gold price had keep above RM108 per gram any price drop below it is a good buy. Below is the Public Bank closeing price for yesterday Gold Investment Account as at 10/06/09 3:50 PM Selling Price Buying Price 1 gram RM 110.8300 RM 106.5000

The gold price dropped to USD951.70. I expect that the lowest this correction might drag gold would be USD930. Low should come shortly, and entire correction shouldn't last for long may be around 4 weeks. For Malaysia, the gold price is supported due to USD/MYR is moving up, yesterday Public Bank price close at Gold Investment Account as at 08/06/09 3:50 PM Selling Price Buying Price 1 gram RM 110.7300 RM 106.3900 with international price at RM 109.52 per gram

Base on latest development on US Dollar last week, this week we may see gold price to correction likely to hits as low as USD 930 per ounce. The gold price bull run will likely take a rest in 2 to 3 week before rally again to USD 1,000. Back to home, Malaysia gold price may not hits hard like USD gold due to currency USD/MYR may getting up in this week. If the gold price drop and USD value up so Malaysia gold price may move side line. However if USD will going up agian, so KLCI will drop in this week. The oppecunity to buy gold is now.

Base on the chart the Gold price will correct for this few days. I think the chart will show few time the gold price broken USD 980 level and drop back. Gold price by Public Bank Gold Investment Account as at 05/06/09 11:50 AM Selling Price Buying Price 1 gram RM 112.6800 RM 108.3000

Gold prices try to broken USD 1,000 unsuccessfully so it will enter a price correction and now the support line will be at USD 960. That is a critical issue for countries such as China that hold hundreds of billions of dollars in US government debt. If the United States is unable to control its long-term deficits, it could weaken the dollar and drive up inflation, hurting the value of those dollar-denominated assets. US Treasury Secretary Timothy Geithner, on his first visit to China as Treasury chief this week, announce sought to reassure Beijing that the United States was committed to living within its means. Gold prices were up this morning, but when that announcement hit the market, the US Dollar (still the national currency, but probably not for long) rose nearly 100 basis points to 79.459 (moments ago) due to the sources in China, Japan, India and South Korea told Reuters central banks in those countries, which together control about half of the world's foreign exchange rese...

Today gold price will try to broken USD980 leave if it did, sure gold price will hits USD 1000 per ounce. 3 months back when gold price hits 980 leave, Malaysia gold price is around RM116 per gram due to currency USD/MYR at 3.70 leave. Now the same leave gold price in Malaysia have drop to RM110 per gram with USD/MYR at 3.49. Invest in gold not only need monitoring the gold price, currency also a impotent factor that need to monitor. The chart show that USD/MYR currency exchange are drop back same leave with early of this year leave. We had see USD value moving up and dowm drop back so not one will know will it bound back by end of this year. I think when forgin fund start take out from share market, it will been a sign the USD value will move up again. I belive US will do something to maintence USD at some leave. Gold price hits USD 1,000 per ounce sure will happen, if USD value improve by year end than Gold investment profit will been sky high.

Gold prices held up well despite the attack. At Comex close the gold price was down 20 cents to USD978.60. Looking at their charts today I gasped to see what had before been unclear to me: gold prices appear to have begun not just a small, but a huge rally. It would take closes below USD920 to persuade me otherwise. It's barely possible that the next few days will see a correction before silver and gold take off again, but once they breach USD980, they'll never look back. Public Bank Gold Investment Account as at 01/06/09 3:50 PM Selling Price Buying Price 1 gram RM 112.7200 RM 108.3400

Last week Malaysia Gold price close at RM 110.59 per gram and it is a good sign with gold price close back to Feb high. For US market, the gold price is approaching its last (February) high at $1,000, and the 2008 high. On friday it jumped nearly USD20, and hit USD980.17, although the Comex close was USD978.80. Other indicators show gold could easily move higher. RSI is not yet quite overbought, and the MACD has much further to run before topping. This week may see some drop from gold price however the chart still showing the price is on the way to hits USD 1,000