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Gold going up this year? Post Reply Rate topic
idesa168 Elite	19-Mar-2008 22:43        idesa168 About Contact  Quote this Post!
x 0   x 0  Alert Admin	yah, should have waited a day longer before taking more position. I am wrong this time...sigh! Well let's pray for the better lah.
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elfinchilde Elite	19-Mar-2008 22:38        elfinchilde About Contact  Quote this Post!
x 0   x 0  Alert Admin	i did warn you about overheated RSI and big swings in gold prices... nope. told ya already, i let all go at 97+ about last week. hm. this is interesting tho: the qn now is: temporary retracement in gold, or is this the end of the bear? let's wait and see... anyone knows what big dow companies release results later this week/next?
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idesa168 Elite	19-Mar-2008 22:25        idesa168 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wah like that tomorrow see red liao, one day can drop US$50.00...sigh!
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idesa168 Elite	19-Mar-2008 17:36        idesa168 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Today I loaded up a lot of gold! I am waiting for these dips to buy. I think this will be my last round of purchase, no bullet liao. Now have to see how this gold runs (target: see result in 3-6 mths time)... Elf are you still holding gold or let go all at one go?
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idesa168 Elite	19-Mar-2008 08:28        idesa168 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Looks like today may be time time load up gold. Cheers.
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elfinchilde Elite	19-Mar-2008 01:04        elfinchilde About Contact  Quote this Post!
x 0   x 0  Alert Admin	bwah ha. gold will retrace, i just don't know when. and i see you've moved already. :P good call tho. just go slow and in parts for gold. take adv of the relatively large intraday swings. and ehhh...mister idesa, give me more credit lah. like heck i'll buy gold at US$110, when RSI is shooting through the roof!! I told ya i locked out earlier already. haha. cantilevering: cos my fund size is small, so sometimes, i'd exit a winning/peaking trend to enter another trade so that i can make more, then come back to the first baby. I had locked in gold at abt US$97 (cos i bought btwn 84.9 to 89 back in dec/jan), to buy the STI puts i called last wed. Nice dip on thurs/fri, locked in puts (and an entire drama msging brokers from HK. haha. geez.). So now waiting on cash. Will likely enter puts again first tho. For the % returns, gold can wait. I need to cantilever. hehe. cheers! PS: you may like to start locking out gold at abt 1,100-1,200. Likely at Fed cut = 2%, DJIA below 11,700. Those are your 'signals'. Then start going back into stocks for long term. I estimate abt 2H of this year may be good to pick up for long term (ie, hold for at least 2 years.). Me, i'm likely gonna be trading. i realised i do better in rapid trading than long term investing. urgh.
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idesa168 Elite	18-Mar-2008 19:37        idesa168 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think the dip of price do not wait for anyone today. I bought in some more today. I am now not sure am I buying at a very high price or not, a bit scarry leh...hehehe. Anyway, I think the good days ahead wun be long before all the bad news starts to pour in again from the financial mkt, which I think will push the price of GOLD higher....I now have absolutely no holding of stocks but GOLD only. Intend to hold long term, at least till the mkt condition improves. I have lost quite a bit in the stock mkt now, dun wish to gamble anymore.
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idesa168 Elite	17-Mar-2008 21:08        idesa168 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Elf, I know you are on holiday. But if you see this, kindly advise. Do you think GOLD will dip anytime soon? I intend to collect more as the price now is a little high, if can go lower better for everyone right! 18/19 March is FOMC meeting. If interest rate cut, GOLD up? If rate cut and stock mkt down, GOLD up?...Today one joker bought US$110.00 x 500 shares, was that you?
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idesa168 Elite	17-Mar-2008 13:03        idesa168 About Contact  Quote this Post!
x 0   x 0  Alert Admin	lol...Nick, dun tell me you wanna short GOLD!
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nickyng Supreme	17-Mar-2008 11:08        nickyng About Contact  Quote this Post!
x 0   x 0  Alert Admin	GOLD wont sustain at current price wan  lah..once the US Fed rate decision is out Wed(sg time) morning....depends on the % of rate cut...thing shld get more stabilise...right now all ah beng,lian,uncles,aunties are trading in anticipations..hee   anyway who  is that jokers that BOUGHT at US$110 for ETF SGX GOLD ?? joker..hee   Time Last Vol Buy/Sell 09:15:46 101.060 0.05 B 09:15:37 101.060 0.1 B 09:13:24 101.000 0.01 S 09:11:52 101.000 0.04 B 09:11:40 101.000 0.01 B 09:11:05 101.100 0.57 S 09:08:56 101.100 0.1 S 09:07:21 101.000 0.01 S 09:07:06 101.160 0.05 S 09:05:00 101.133 0.03 X 09:04:19 101.120 0.2 S 09:03:08 101.000 0.02 X 09:02:28 101.000 0.2 B 09:01:59 110.000 0.47 S 09:01:36 100.000 1.8 S 09:01:29 100.000 1 S 09:00:03 99.000 0.01 S 09:00:01 98.800 0.01 S 08:59:01 98.800 0.04 S
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idesa168 Elite	17-Mar-2008 10:13        idesa168 About Contact  Quote this Post!
x 0   x 0  Alert Admin	GOLD surged US$33.40 a day, now US$1,033.00. Do u thinnk it's sustainable? I think it can, my view.
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idesa168 Elite	17-Mar-2008 08:34        idesa168 About Contact  Quote this Post!
x 0   x 0  Alert Admin	GOLD hit record again today, now settled at US$1,017.
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colorado Member	16-Mar-2008 08:45        colorado About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thank you thank you Elf and all the others! May I pick your brains?  Since the equities market is so volatile and now gold charts are converging, where can I park my money, albeit not much though ? Having not much of this "rare" commodity, how would you advise someone like me to accumulate wealth?  At this point in time, I've got my insurance in place, my rainy day money parked aside and not much to play around except to use my cpf OA and very little spare cash.  Initially, I wanted to park some of this rainy day money into the money market but thought it might not be wise.  I don't play contra so I guess my options are kind of limited. I am very impressed by how you guys scalp the market and sometimes it even appears that you are able to squeeze oil out of rocks!  Actually, I am very disappointed with my investments and I really hope to overhaul it somehow so really need all your expert advice.  Thanks!!!!
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idesa168 Elite	16-Mar-2008 01:54        idesa168 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think there is not enough liquidity in this ETF to apply TA. As far as the inflation story still spinning. GOLD will still go higher. Weak US$ is one of the factor that instigate GOLD to trade higher, but it's not the only factor. Supply and Demand plays a bigger role now.
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elfinchilde Elite	15-Mar-2008 20:34        elfinchilde About Contact  Quote this Post!
x 0   x 0  Alert Admin	heya, yes, traded during SGX time. so it's good in a way cos the previous day's comex px is more or less reflective of the next day's GLD 10 px. sporeguy, you're right abt the convergence. which is why i've locked out gold for the time being. hehe. plus with USD dropping, any increase may not be worth the USD exchange rate drop; that's why i advocated buying at lower RSI. k gotta go. lan kwai fong. heehee. cheers!
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yes888 Member	15-Mar-2008 17:00        yes888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	maybe singaporegal can share her technical view on this?
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yes888 Member	15-Mar-2008 16:46        yes888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	i bought a little bit few months back. honestly, this ang mo gld is well supported by it strong fundamental.
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Sporeguy Elite	15-Mar-2008 16:00        Sporeguy About Contact  Quote this Post!
x 0   x 0  Alert Admin	Elf & Idesa, I presume you bought GLD US$10. Looking at the charts from POEM, with the indicators on top and price chart below, looks like the graphs are converging. For eg, Add/Dist declining as price increasing. Likewise for Chaikin with pricw, RSI with price. Does this tell us that price of Gold has reached its peak. Correct me if I am wrong. Repost it here.
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idesa168 Elite	14-Mar-2008 08:36        idesa168 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wow...you guys dun need to sleep? Or watching over the DOW and cannot sleep?...Dun worry lah, DOW had made a u-turn last night, but in my opinion, not sustainable. I will still short the mkt....Elf, I know you are away to HK, so I took over you and share my knowledge I learnt from you with them....littlenova, GOLD EFT are found all over the world and are expanding. This ETF is traded in SGX, and in USA they have the ETF traded there.... http://www.bloomberg.com/apps/quote?ticker=gld
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littlenova Member	14-Mar-2008 01:50        littlenova About Contact  Quote this Post!
x 0   x 0  Alert Admin	Elf, that was pretty robust! Can't thank you enough! :) Yes I noticed it is in USD that's what I asked if it trades on NYSE or SGX. So I guess it trades during SGX trading time? Another question, side track abit: is there an oil unit just like this gold unit which we can also trade like a stock online?
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