GLD USD    Last:424.56    -10.24

Gold going up this year?

Wah chai chew buay liow loh, waiting like u for sell sign to let go & buy back later or catch back if it break up resistance

cheongwee      ( Date: 29-May-2009 15:44) Posted: aiyoyo..richtan....wa tiong kim chin chin bonker liao... stock cheong and kim pun cheong....huat ahhhhhhhhhh.. kio li lang buay, li lang mai...

 

silver is also beautiful.

 

gold is beautiful.

 

GSR have improve fr 80 plus to now 62 to 1..

if at this rate...gold 1500 will see silver at 40!!!

 

i thk if it hit 970 to 980.. , then i will sell..still believe it soar due to oil cheong....make a bet...no problem since i got money liao...

becos the risk is greater..it may collapse fast like the last time...but if it cross 990...then i buy big time,,i will turn bullish fr current bearish position.

so fr 970 to 990 is just 2% lose, but if it collapse to 780 ...that will be a disaster..

 

aiyoyo..richtan....wa tiong kim chin chin bonker liao...

stock cheong and kim pun cheong....huat ahhhhhhhhhh..

kio li lang buay, li lang mai...

 

Gold is up due to oil , dolar is gaining strength...dont get trap, still see a correction into summer.

 

Hi, I am a strong believer in Gold / Silver for the long run ; and believe short term, it may correct itself. I am currently trading GOLD ETF but find the buy/sell spread unbelievable. 

CheongWee, would you recommend a Singapore broker that deals with spot gold ? It may be more worth while buying gold there, with leverage than thru ETF. My thots only. 

Kindly provide further guidance,.. on brokers in Singapore. Thanks,

 

why i said gold will correct when right now it seen strong, look like going to test 1000 again..

first, gold is mostly relate to the $...so a weak $ right now is supporting gold...

and if the dollar is fundamerntally wrong, then gold rally is genuine, but right nw dollar rally is becos ppl are selling it and going back to stock..money is flowing back to Asia,,..

so if nothing wrong with the $, then something wrong with the current rally in gold..

you read here , this guy said $ to soar...

http://www.moneyandmarkets.com/dollar%e2%80%99s-demise-greatly-exaggerated-3-33914

by no means i want to see gold collapse, i am vested here, but such is the behaviour of gold...

gold and silver are meant to be collected and saved for the great day ahead..

i am not calling a sell, but rather wait for it to collapse to 760 to 800 region to buy more...why buy at high px..when u can buy cheap in sept..

 

 

 

So its better to actually invest in silver stocks than the silver account offers?

 

stock run faster than physical..just look yesterday and today, gold and silver stock run up 10 over %..when physical just move up 1 over %..

that why stock is a better choice...and silver is even better..

if u read the latest issue of share investment book (issue 357)   Pg.9...Michael Maloney...a world renowned gold and silver expert ..when asked between gold and silver which one will he invest in...

he replied..."i take 90% of the currency and buy silver and i will buy gold with the other 10%."..go and read it yourself..

buy silver stock for that max gain.

 

 

 

all my silver stock go up close to double my gold stock...silver 6 to 10%..gold some 3 to 4% tonite.

buy silver, will outperform gold...GSR is closing up.

but i still see gold go lower to 760 to 800 in sept.

 

 

 

10 fundamental reasons to own gold

1. Gold remains ultimate form of payment – No counter party risk
2. Currency debasement – US Dollar losing status as world reserve currency
3. Gold crawling back into the monetary system
4. Negative real rates
5. Falling gold supply vs increased investment demand
6. Gold & Historic averages – gold should be trading above $2300 these days
7. DOW/GOLD ratio points to $5.000+ gold before 2015
8. Gold & US public debt – gold prices required to counter balance all US public debt held in foreign hands exceed the $10.000 mark
9. Large short positions – half of all central bank’s gold has been leased into the market. (about 15.000 tons). Covering these short positions is not possible without catapulting gold prices to unimaginable highs.
10. Gold acting as safe haven in times of rising geopolitical tensions

Gold still represents the ultimate form of payment in the world." - Alan Greenspan, Testimony before US House Banking Committee, May 1999

 

Just come over from kitco forum....there was a guy there he posted....

"Gold can make you rich....a millionaire

Silver can make you super rich....a billionare.

and now you can take your picture together with Bill Gates and Warren Buffet."

 

hello thanks for the advice,  ur 2 counters referring to cacola and chinaAelect? anyway today i cant buy or sell, leaving for airport soon, will be in mid - air while my kep land falls.. 

will take note of the counters you recommended tomorrow 

 

 

me still stuck with china yongsheng...bought at .105 last yr...hope it'll bounce back then i'll let go...actually i still hv faith wif kepland...a yr ago was $6!!!but gotta wait for the right price to go in again...got the feel that raffles edu may issue rights...me got it at .48 but let go at .515 on friday..scary....once penny finish shooting up, then another correction may be here.....

 

hey, i thk s chip are coming alive...BB play coming to china stock..hope u profit from this..

pennies also..but very sure abt china..

TuaPekGong9413      ( Date: 18-May-2009 00:16) Posted: cheong wee, i definitely agree wif u on kepland...me bought at 1.78 but let go too fast at 1.93.but this stock gona go north again after the rights things are over.i est it to hover ard $1.50. One trick of companies trying to issue rights is to up the price then offer some discounts for the rights..there's 1 thing i'm worried now when stocks go up too fast...u nvr know when they gona issue rights...nowadays seems like they suka suka will do that. This stock will fall but if u look at the long term, with the added capital, they will be able to do more thing. for those who wana keep for long, then still can keep.If wana make a fast buck, then either short it or wait till it drop further then buy it..just my 2 cents thought...me now waiting for the dividend cheongwee      ( Date: 17-May-2009 01:25) Posted: i think dont vested to the nose...just enough to sleep well. ..if u cannot sleep well, means u are over vested.. ok , one thing at a time, right now forget abt gold and silver..leave that to sept.. now for kepland, i suggest u sell, the push up is due to right issue, nw this is over, it have to come down..dont hold, the longer the greater the lose...i see this at 1.6 to 1.7...at worse 1.5 but i do see a major leg down for market this summer...mid june to july...before rally fr there...that means kepland got more to go down. i suggest sell to strength fr now on......

 

cheong wee, i definitely agree wif u on kepland...me bought at 1.78 but let go too fast at 1.93.but this stock gona go north again after the rights things are over.i est it to hover ard $1.50. One trick of companies trying to issue rights is to up the price then offer some discounts for the rights..there's 1 thing i'm worried now when stocks go up too fast...u nvr know when they gona issue rights...nowadays seems like they suka suka will do that. This stock will fall but if u look at the long term, with the added capital, they will be able to do more thing. for those who wana keep for long, then still can keep.If wana make a fast buck, then either short it or wait till it drop further then buy it..just my 2 cents thought...me now waiting for the dividend

cheongwee      ( Date: 17-May-2009 01:25) Posted: i think dont vested to the nose...just enough to sleep well. ..if u cannot sleep well, means u are over vested.. ok , one thing at a time, right now forget abt gold and silver..leave that to sept.. now for kepland, i suggest u sell, the push up is due to right issue, nw this is over, it have to come down..dont hold, the longer the greater the lose...i see this at 1.6 to 1.7...at worse 1.5 but i do see a major leg down for market this summer...mid june to july...before rally fr there...that means kepland got more to go down. i suggest sell to strength fr now on......   raceceres      ( Date: 16-May-2009 21:31) Posted: Bought in during the XR period at 2.1 dun see the point of letting go now, am crossing my fingers that it will be push up during rights..  with so many different opinions and limited knowledge, i no longer know which counter is a good buy. silver seems like an upcoming commodity

 

why not sell kepland and put in cacola or chinaAElect...i belive u see your money fast..

but u cannot blame me, if i will u, this is what i will do, really...pls DYODD...my suggestion.

i expect to see my 2 counter soar..today..

raceceres      ( Date: 17-May-2009 09:29) Posted: yup, definitely will let go during the rights trading since dilution will set in post-rights. just that i wont be around to observe the mkt on mon, hope it doesn't go down too much before the rights trading begins on tues. anyway, in what kind of situation would the company's shares halt? saw that in the noble thread and what happens after that?

 

yup, definitely will let go during the rights trading since dilution will set in post-rights. just that i wont be around to observe the mkt on mon, hope it doesn't go down too much before the rights trading begins on tues.

anyway, in what kind of situation would the company's shares halt? saw that in the noble thread and what happens after that?