GLD USD Last:424.9

+0.34

Gold going up this year?

Look for Counter: GLD 10US$

This is a Gold ETF, traded in US dollars at 10 units per lot.

You can go to SGX website or http://www.spdrgoldshares.com/ to find out more.

fruitty ( Date: 15-Feb-2010 10:43) Posted:

Hi,

Where to buy gold for investments?

Bullish Trading Signals in the Gold Sector

Stumbled onto some good statistical trading data over at Trader's Narrative while doing a search on Gold sentiment info. I sensed a serious lack of bullishness in the Gold sector and wanted some data to confirm it. Data from the piece over at Trader's Narrative (aptly titled "Gold Sentiment: Dumb Money Rushes Out") confirm my hunch. The chart in their piece speaks strongly for a bottom and the following quote has me very excited:

"According to Elliott Wave, the 10 day moving average of the Daily Sentiment Index has fallen to just 20.1%... the DSI [Daily Sentiment Index 10 day moving average] has fallen below its levels last seen in November 2008."

This is INSANELY BULLISH. As a disclaimer, I haven't seen this Elliott Wave data myself (typical third-hand internet reporting...). Sentiment is more bearish in the Gold patch now than at the bottom of the Great Panic of 2008?! The infamous hedge fund manager Paulson can't raise enough global money to match the $250 million of his own money he's putting up? Small speculators (i.e. "dumb money") are more bullish on the U.S. Dollar than at any time in the last decade?!

And here's a 2 year daily Bullish Percentage chart on the $GDM (i.e. the index behind the GDX Gold mining ETF) thru Friday's close:

Lastly, courtesy of The Daily Gold, here's the put-to-call ratio chart for the GDX ETF:

Everything is in place for a good rally in the Gold patch. We'll see what happens...

someone else jumpin on the bandwagon..

Marc Faber Says High Inflation, Depression Then War

Marc Faber, author of Gloom Boom and Doom Report says many Western governments would eventually follow the US 'inevitable' debt default suit including Portugal, Ireland, Greece. Marc Faber doesnt give America much time before it goes bust and he says he will never sell his gold as governments inflate as a consquence of liabilities.

Is there a 7 year cycle for Gold?

Never hear of this.

I know that Gold has its greatest run since 2001.

It may be due for some correction, but I don't think Gold will drop drastically and down for 10-15 years.

Here are why:

1. Gold is the only true store of value. When there is crisis or future uncertainty, Gold become valuable. During this economic turbulence time; many people will accumulate Gold as a form of safe heaven.

2. Limited Supply, High Demand. Unlike paper money, you can't print Gold. Gold need to be mine and it takes time to produce. Currently, there is a high demand for Gold in Jewelery, electronic and financial industry.

3. Gold is controlled by the World Gold Council. There is a limited on how much national banks can buy and sell Gold. This restriction controls the amount of Gold in the open market and indirectly control Gold price.

4. All national banks and government treasuries have Gold as part of their reserves. This tells you how valuable Gold is and the importance for some people to keep Gold price high.

5. Gold is also a commodity. Like all commodities, it is subjected to inflation. As more paper money are printed, inflation are set to rise. As inflation rises, so will Gold price.

Please note, this is just some basic information. If you want to know more, just do some research.

skbeng ( Date: 02-Feb-2010 15:52) Posted:

Went to fundsupermart seminar last week, they say don't touch gold cause it's hear the end of its 7years cycle.

Moreover, once u hold it and it drop drastically, you might be looking at holding it for 10-15 years! Too much risk versus returns at the moment for gold.

Almost time to buy gold, but not yet.

Now there is a panic selling in the market.

People will sell everything even Gold.

Wait for the dust to settle.

When the Gold price hit the bottom and starting to claim again, then Buy.

it's time to revisit gold again..

big dip just buy.. paper money is worthless..

Euro debt, obama printing more money for stimulus for jobs, dubai debt contagion (it's not over yet)

Have you been steralised before you put yourself up for adoption in SPCA! LOL, Just kidding.

ozone2002 ( Date: 29-Jan-2010 17:08) Posted:

is ur neighbour adopting?.. i'm up for adoption..ahah..

anyway it's not too late to own gold..

it's like having a savings acct..everytime u have spare cash.. buy gold..

over a period of time u'll reap the benefits of gold and can ignore all the negtive inflation effects on

paper money..

Went to fundsupermart seminar last week, they say don't touch gold cause it's hear the end of its 7years cycle.

Moreover, once u hold it and it drop drastically, you might be looking at holding it for 10-15 years! Too much risk versus returns at the moment for gold.

BUY GOLD and SILVER and OIL ???

another reason why u must buy more gold.. more paper money means gold becomes more precious..

Obama's 2010 budget: deficit soars amid job spending

Published on Tue, Feb 02, 2010 at 08:20 | Updated at Tue, Feb 02, 2010 at 10:19 | Source : Reuters

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Risking public anxiety over spending, US President Barack Obama on Monday projected the budget deficit at a fresh record in 2010 as he battles double-digit unemployment before tightening finances in later years.

Criticized by Republicans as a tax-and-spend liberal, Obama is under pressure to convince investors like China he has a credible plan to control the US deficit and debt over time.

"We won't be able to bring down this deficit overnight, given that the recovery is still taking hold," Obama said after laying out USD3.8 trillion in spending plans for the fiscal year to Sept. 30, 2011.

is ur neighbour adopting?.. i'm up for adoption..ahah..

anyway it's not too late to own gold..

it's like having a savings acct..everytime u have spare cash.. buy gold..

over a period of time u'll reap the benefits of gold and can ignore all the negtive inflation effects on

paper money..

OZone 2002 - If only i heard your statement when i was still in my mother's womb...... if only i listen to my neighbour (an old lady) who kept on shouting buy gold, buy gold when i was young and till my adulthood, she still buying gold......i want to kidnap her if i know where is she.......LOL

ozone2002 ( Date: 29-Jan-2010 15:43) Posted:

gold is THE only true stored value of money..

if u compared $100 of cash vs $100 of gold from the time u were born..

guess which one had appreciated substantially in value up to today's date..

i hear people said want us dollar strong gold & oil will go down

I have got one chunky bankle (quite 'ah meng' looking) and costing around $3000 plus (someone bot for me at price of $22 per gram many years ago). 2 mths ago when gold was high , dealer quoted me $46 per gram. I dont like this bankle and will let go to the dealer once gold hit high of nering 1500.

I thought those gold smith shop they buy from gold dealers?

alexchia01 ( Date: 29-Jan-2010 13:42) Posted:

If you want to buy physical gold, i.e. Gold bars and coins. Go to UOB head branch.

They have the best price in Singapore.

Never buy Gold bars and coins from Goldsmith. They usually buy from UOB, mark-up and sell to you.

Hint. The more you buy the cheaper the Gold. If you buy 1kg Gold, you can get it below spot gold price.

Here are the Gold price page from OUB.

https://uniservices1.uobgroup.com/secure/online_rates/gold_and_silver_prices.jsp

Enjoy

You have to copy and paste the link on your browser's URL field. Double Clicking won't work on this secure page.

https://uniservices1.uobgroup.com/secure/online_rates/gold_and_silver_prices.jsp