The Bounce Off USD940 Will Tell Us How Hard And Long The Rest Of This Correction Will Be

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 PriceBuying Price
1 gramRM 109.1700RM 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 denominated investments, because stocks is locked in bear trends that will continue at least until 2010.

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