Emas 24K – Independent Gold™

Archive for August 2009


Blanchard and Company’s Chairman and CEO Donald Doyle is interviewed about investing in gold.

ANSWER:

GOLD SOLD FOR USD750 on November 19, 2008, So TODAY USD950 an above.


Net Profit Sell Today: USD200 per coin, 1 oz (31.1gm)

If you have 5 coin (5 oz) x USD200 = USD1,000 / MYR3,600

The price shown is not including Rare & Scarce coin that will give more numismatic value.


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Market Commentary
Gold opened on its lows at 952.00/953.00 in New York. The metal quickly rallied as base metals rose and triggered stops, driving the metal to spike to its intraday high of 963.00/964.00. It could not sustain these levels and quickly retreated as the EUR weakened, and traded within a range for the remainder of the day. Gold established good support near 955.50 and settled at 956.75/957.75 at the close.

Technical Commentary
Gold is showing its second up week in a row to current 955. For the past 6 weeks in a row the metal has closed within $5 either side of this 950 with little sign that it will break out. Gold is moving deeper into a large consolidation triangle. On the daily chart the unit tried up to former high 960 but held. We should see fresh buying of gold on a close above this level.

Technical Analysis

Pivot – 953.34

Primary Support (Buy) – 944.85

Primary Resistance (Sell) – 964.84


Market Commentary
Gold opened at 948.25/949.25 and traded erratically in a range, touching an intraday high of 950.25/951.25 . Slumping equity markets and weaker oil inspired investors to sell the metal. Support was found near 945 but it remained offered and slipped to an intraday low of 941.00/942.00. Gold recovered from the lows as both oil and equity markets made back lost ground, finally closing at 945.50/946.50.

Technical Commentary
Gold tried to head higher today but stalled at 950. Our current 949 is technically an Up day but nothing to inspire any new directional bets. We continue to move deeper into a consolidation triangle. Price action of the last two months appears to be a head and shoulders formation with major Neckline at 933. A move below 933 will bring in sellers. With August lower tops of 971, 960 and 957 the unit will have to clear out 960 to bring in fresh buying. Sideways price action is our current call.

Technical Analysis

Pivot – 946.74

Primary Support (Buy) – 942.79

Primary Resistance (Sell) – 953.10


Market Commentary
Gold opened at 944.75/945.75 in New York. Good buying carried the metal higher, peaking at 949.25/950.25. However this rally could not be sustained as the metal retreated, following a weaker dollar, slipping to an intraday low of 939.50/940.50. Better than expected housing sales helped equities climb and gold made back lost ground. Resistance was established near 945.00 and it trade erratically within a range, finally settling at 944.25/945.25.

Technical Commentary
Gold is closing right where it closed yesterday at current 945. In Japanese candle sticks this is known as a Doji with both bulls and bears indecisive on the direction. The shrinking ranges are often warnings of a pending break out but the question of “when” is still a mystery. The lower tops in August of 971, 960 and 957 signal that the market is a bit tired but we will need to break 930 to bring in the sellers.

Technical Analysis

Pivot – 946.90

Primary Support (Buy) – 939.17

Primary Resistance (Sell) – 953.42


Market Commentary
Gold opened on its highs at 955.00/956.00 and traded lightly within a range during the morning. It slipped marginally as the day ticked sluggishly towards the close, finding support near 950.00. However as the session unwound equities slumped and the metal was sold off, triggering stops and swept to an intraday low of 935.00/936.00. It quickly bounced off the lows and climbed above 940, finally settling at 941.50.942.50.

Technical Commentary
Gold erased most of the prior day’s gains, however was unable to break out of Friday’s range. We do not foresee anything that should push gold out of its recent narrowing range (925.90 to 971.68). Technical studies are generally neutral as the RSI is at 49, the MACD is close to zero and there is no clear trend. For now, we think gold will continue to range trade. Near-term support is found at the 100-day moving average of 930.53, while resistance comes in at Friday’s high of 957.05.

Technical Analysis

Pivot – 945.84

Primary Support (Buy) – 933.62

Primary Resistance (Sell) – 953.62


The economy may be perking up (maybe), but the dollar’s still worse for the wear, and you know what that means: Now’s a great time to buy gold. In fact, the yellow metal looks ready to break through a very key level – and once it does, there’ll be no turning back, says gold market expert James Turk.

Specializing in international banking, finance and investment, Turk is the editor of the Freemarket Gold & Money Report and the co-author of 2004’s eerily prescient “The Collapse of the Dollar.” Turk is also the founder and chairman of GoldMoney, a leading provider of gold, silver and platinum bullion worldwide.

Recently, Hard Assets Investor associate editor Lara Crigger chatted with Turk about the future of gold, including why investors should choose physical gold over “paper” gold, whether we’re nearing “peak gold” and why September will be a key month for gold owners.

Read the rest of this entry »


Market Commentary

Heavy buying swept gold higher before the NY session began, opening at 945.50/946.50. The metal remained well bid during the early morning, peaking at 958.00/959.00. Profit taking took it lower, finding support near 950.00. Better than expected existing home sales caused equity markets to spike and gold quickly climbed. Resistance was found near 955.00 and it became range bound for the rest of the day, finally settling at 952.75/953.75.

Technical Commentary

Gold is closing the week on a positive note at current 953. The unit tried the down side early this week but found good support near 931. Top side resistance is found at 960 from the high of last week followed by August high 971. Big picture on the Weekly Chart, the unit continues to trade deeper into a consolidation triangle that has lines currently at 927 and 978 (drawn off former major lows and highs). Until we break either side of this triangle, it is hard to get excited about any larger directional move.

Technical Analysis

Pivot – 949.80

Primary Support (Buy) – 941.55

Primary Resistance (Sell) – 961.75


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Retail Gold Price (October 2011)

Federation of Goldsmiths Jewellers Association of Malaysia (FGJAM)

999 Gold    :      RM200.00/gm
916 Gold    :      RM189.00/gm

835 Gold    :      RM1792.00/gm
750 Gold    :      RM155.00/gm
375 Gold    :      RM 84.00/gm


updated on 21 Oct 2011.

UOB Malaysia Gold Price

UOB Malaysia Gold Price

UOB Singapore Gold Price

UOB Singapore Gold Price

Indonesia Fine Gold Price

Logam Mulia Gold Price

Maybank Gold Saving 2009

DATE
SELL (RM/g)
BUY (RM/g)
13-Nov-2009
122.87
117.77

Kijang Emas 2009


Kijang
            Emas

FRIDAY 13 Nov 2009
Size Sell  Buy
1 oz (31.1gm) 3,884 3,653
1/2 oz (15.5gm) 1,979 1,827
1/4 oz (7.77gm) 1,008 913
 

Public Bank Gold Saving 2009

DATE
SELL (RM/g)
BUY (RM/g)
13-Nov-2009
123.37
118.57

Kelantan Gold Dinar 2009

DATE
SELL (1dinar)
BUY (1dinar)
13-Nov-2009
521.00
465.00

Public Gold 2009

 Size PG Sell PG Buy
20gm RM 2,703 RM 2,541
50gm RM 6,726 RM 6,356
100gm RM 13,389 RM 12,720

Retail Gold Price (Nov 2009)

Federation of Goldsmiths Jewellers Association of Malaysia (FGJAM)

999 Gold    :      RM142.00/gm
916 Gold    :      RM134.00/gm

835 Gold    :      RM122.00/gm
750 Gold    :      RM110.00/gm
375 Gold    :      RM 59.00/gm


updated on 05 Nov 2009.

Retail Gold Price (Sept-Oct 09)

999 Gold    :      RM135.00/gm
916 Gold    :      RM127.00/gm

835 Gold    :      RM117.00/gm
750 Gold    :      RM105.00/gm
375 Gold    :      RM 57.00/gm


Retail Gold Price (May-Aug 09

999 Gold    :      RM130.00/gm
916 Gold    :      RM122.00/gm

835 Gold    :      RM112.00/gm
750 Gold    :      RM101.00/gm
375 Gold    :      RM 55.00/gm


Retail Gold Price (April 2009)

999 Gold    :      RM125.00/gm
916 Gold    :      RM117.00/gm

835 Gold    :      RM108.00/gm
750 Gold    :      RM 97.00/gm
375 Gold    :      RM 53.00/gm


Retail Gold Price (March 2009)

999 Gold    :      RM130.00/gm
916 Gold    :      RM122.00/gm

835 Gold    :      RM112.00/gm
750 Gold    :      RM101.00/gm
375 Gold    :      RM 55.00/gm


Kitco Gold Spot Price



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