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Gold going up this year?
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cheongwee
Elite |
17-Feb-2009 20:22
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I will move more to silver soon...still believe silver to outperform gold soon.. I means silver relate stock.. |
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cheongwee
Elite |
17-Feb-2009 20:18
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A true personnal experience....in my portfolio... During month of Nov 08... .physical gold was 731(Nov)...today it is 960...31% up physical silver...was 9.65(Nov)..today 13.88..43% up.. Unit trust...DWS...0.45239(Nov)...today 0.7777..a 71%!!!. my stock ..so many unble to list here....ave 150%.!!! for every one time gold move up...silver up 1.4 times...unit trust 2.29 time ,,,but stock ...a whopping 4.83 time!!!!!!!!!! That why to benefit for this gold bull...buy stock...it got great leverage...dont buy physical..forget abt financial upheaval...ride the bull ...it is still young not late...DYODD 50% in gold and silver...now 75% of this is in silver.. 30% cash.. 20% stock...those got stuck during the selldown...half blue and half mid cap... |
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cheongwee
Elite |
17-Feb-2009 03:03
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Never hold a thing for long... hold till the fundamental change for you to get rid of it..remember you are in to make profit not married to it and till death do you part with it type of nature.......this gold bull is also a bubble...it will burst sometime in the future...but that is not now...when it burst...gold will be $50 per oz as i have read before..the question is when shall we sell gold and return to stock???...this i am also interested to know more...DYODD | ||
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cheongwee
Elite |
17-Feb-2009 02:54
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Long term...?how long is long term...but yes...if you buy the dow and gold in 1980 and long till now, gold lose...in fact it didnt even do the hedging job against inflation...1980 ..gold was $850...today it is $940...it should be $2260 if it adj for inflation...you are better off in stock...but if you bought gold and stock from 2000 till now...than gold win outright...that depend whwne you get in... But going forward..gold will shines brighter than stock for the immediate future...that for sure...min gold bull is 14 yrs...this bull start in 2000...last year only one thing shine....GOLD!!!! next will SILVER turn...
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baseerahmed
Master |
16-Feb-2009 21:39
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just for some casual reading ... In The Long Term: Will GOLD Keep You Safe? |
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cheongwee
Elite |
15-Feb-2009 23:43
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I will only buy on dip...cant expect it to go straight up....buy more SLV and SLW...enough of gold..for the moment.
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baseerahmed
Master |
15-Feb-2009 10:02
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A Matter of Interpretation not trying to be smart .... but wondering if this scenario could also unfold ...the other side of the coin .. given the US pro-economy stimulus package ...  caveat emptor ... chart by novice |
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baseerahmed
Master |
15-Feb-2009 00:23
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baseerahmed
Master |
15-Feb-2009 00:09
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GOLD: Risk Of Further Upside Gains Triggered. GOLD(Futures): Gold maintained its recent challenges on the upside the past week breaking to a four-month high of 953.90 and closing the week above its key resistance level dating back to Oct 10’08 at 936.60.The commodity has not only maintained a pattern of higher highs and higher lows since bottoming out at 681.30(Oct 24’08 low) but retained a consistent monthly upside closes and outperformed the entire commodity complex within this period. Having said that, as long as Gold continues to trade above its just eroded resistance at 936.90 or even holding within its established daily rising channel, potential for a retarget of significant resistance level at its July’08 high at 989.50 with a clearance of there setting the stage for a run at its 2008 high at 1,033 is likely Our medium to long term outlook is for those two resistance levels to give way and activate Gold’s multi-year uptrend. Corrective pullbacks if seen should aim at the 936.60 level at first which is now expected to reverse roles and provide support. Further down, the 931.40 level comes in as the next floor with a loss there clearing the way for a decline towards the 892.30/891.80 levels, its Dec 29’08 high/Feb 09’09 low and then its Jan 29’09 low at 875.40.This corrective scenario may temper with the current uptrend as both the daily and weekly stochastics are oversold.Overall,Gold is now expected to head further higher having broken to a four-month high and maintained its pattern of higher highs and lows.  http://www.fxtechstrategy.com |
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cheongwee
Elite |
14-Feb-2009 17:03
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happy watching.... http://www.guardian.co.uk/world/video/2009/feb/11/zimbabwe-gold-panning-starvation-food |
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cheongwee
Elite |
13-Feb-2009 19:20
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I believe by next reporting, more bankrupcies will surface, and we may go into another like of 1929.. If that really happen, there will be another round of sell down like 2008... If this is it....then stock have more to go down...in 1929,,stock was down 90%..we are some 50% down currently.. One big question i ask of you??? if...i say if...if this come about and really happen...what protection have you all prepare to protect yourself???....what investment tool ? for instance..what step?? This is important, becos 90% down is going to make all of us here goes bust...it will take a long time for you to come back....in 1929..almost all invester ended up broke..suicide was common.. To be in the market, we always say it will come back up,,,but what if this time it didn't...after down 90%..to break even we need 900%!!! up just to break even..that is out for sure.. Now i would like to know more..can you all be generous to share???.what step you take to protect if the worse case scenario come about???.. I am serious, i am not out to make fun of any body here..my apology for causing any hurt if there is any.. Pls share ...generously. |
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cheongwee
Elite |
13-Feb-2009 18:42
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Every investment is bubble...one bubble burst give rise to another....the next bubble to burst will be Treasury bond... This gold bubble will burst...min gold bull is 14 years...this one begin 2000..but that does not menas it is so spot on..14 yrs on the dot....DOYDD.. |
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lookcc
Master |
13-Feb-2009 13:39
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nice 2 have such unbias postings from ozone, richtan, cheongwee, basser n hlj....cheers! | ||
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richtan
Supreme |
13-Feb-2009 10:33
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While, all I can say is, it still boils down to technical analysis, nothing goes up or down in a straigt line. When it is overbought, profit taking & shortsellers will appear & it will correct down & vice versa. Trade by the chart & own chart analysis & ignore all those "anal"ist writeups, it is just like the story of asking 7 blindman describing an elephant, u get different descriptions which confuse u. Take for example, the latest DBS Securities & Philips Securities writeups on SingTel, u will be confuse as to who to listen to. A true trader shut out all the noise (analist writeups, news, blah, blah, blah) & just use his chart analysis & judgement, of course not all trades will be right as charts analysis are also never 100% right, tats wher stop loss comes in. Cheers. |
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ozone2002
Supreme |
13-Feb-2009 10:14
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TARP and crappy money injections will only surface by next year.. takes time for the money to get into the system.. and when that happens..GOLD will balloon like the hot air balloon up in the sky... and of course like all hot air balloons i agree they have to come down @ some point in time.. so just ride the Gold bull for now..u'll know when it's time to exit..(when fools rush in) who said investing was difficult? |
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baseerahmed
Master |
13-Feb-2009 09:58
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thought i share what i considered was 'the other view' .... this is what a forum is about ... exchanging different views for a better analysis/ conviction / decision making .... hence my post from investmentu ... glad that i shared this article .... getting varied views ... there are 12 more responses to that article at the same site : http://www.investmentu.com/shorting-gold.html ------------------------------------ (btw , nothing personal .. indeed i have high respects for cheongwee ..  ) |
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HLJHLJ
Veteran |
13-Feb-2009 08:59
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IMHO, gold looks like a bubble. Once equity picks up, money will shift back and gld will be down. Now people are going into gld to hedge, so it moves up slightly but there is no "cheong"...Looks like people are cautious of gold as well. For me, it is too risky to go in now.. from 200 to 900!!. If for long term, i still believe equity is the way to go. My opinion. |
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ozone2002
Supreme |
13-Feb-2009 08:53
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buy when there's a big dip.. don't rush into it.. cos the bull run is just startin for Gold | ||
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cheongwee
Elite |
13-Feb-2009 03:01
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If i am not wrong...this guy have been shouting from $500 gold till today..gold is currently trading at $947!!!and he is still shorting... No wonder gold rocket...with these guy who anyhow short have to panic cover back later..send gold higher. Can i give you just 3 big reasons to go long....and buy 1) I have been buying and longing from 2000 from $255 till now $947 still buying..making me more $ than stock. 2) You be sorry when large wave 3 complete and gold is $1500... 3) Gold is the only thing that make you money since crise start...all losses money..
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baseerahmed
Master |
12-Feb-2009 16:51
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12 Reasons To Start Shorting Gold http://www.investmentu.com |
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