Emas 24K – Independent Gold™

Archive for the ‘Berita Emas’ Category


Market Commentary
Overnight saw a return of investor risk taking which had all assets higher overnight. Opening higher at 1656.25/1657.25, gold settled into range bound trading for the session. Reaching an intraday high of 1662/1663 shortly after the open, light profit taking then took the metal to its intraday low of 1646.50/1647.50 late in the session. Gold closed the day soon after at 1650.75/1651.75.

Technical Commentary
A more positive day for gold, but it remains well within its three week range. Technicals are fairly neutral, but most are starting to hint that there is building positive momentum. A break and close above the 100- day moving average of 1665.52 would be encouraging to bulls as would the crossing of the 9-day MA above the 21-day. Considering the
broader market environment we would not be surprised to see gold rally back towards $1,700.

 

TECHNICAL ANALYSIS


Pivot – USD1,650.59

Primary Support (Buy) – USD1,639.14

*BUY = Buying more Gold to Maximum your investment.

Primary Resistance (Sell) – USD1,665.42

*SELL = Selling your GOLD investment to gain Profit.


Market Commentary
Gold eased overnight, opening at 1621.25/1622.25, before settling into a tight range following mixed economic data. After trading to an intraday high of 1626.50/1627.50, the metal slipped down to a low of 1603.50/1604.50 as equities and base metals retreated. A steady recovery throughout the afternoon took us to a close of 1613.00/1614.00.

Technical Commentary
Gold is completing its fourth consecutive down day at current 1620. This latest move has travelled from 1694 to 1604 so far. We see initial support at 1596 from the October low, and then 1538 from the September low. We are bearrish while the metal holds below key Fibo level at 1684

 

TECHNICAL ANALYSIS


Pivot – USD1,629.52

Primary Support (Buy) – USD1,593.80

*BUY = Buying more Gold to Maximum your investment.

Primary Resistance (Sell) – USD1,655.08

*SELL = Selling your GOLD investment to gain Profit.


Why Gold prices fell sharply along with Silver in September 2011??

Prices are now consolidating at higher levels, but the outlook is mixed, we still favour Gold and Silver!

  • The rally in the dollar is a sure sign of a pick-up in safe-haven buying – we think Gold will benefit from this now the initial sell-off has run its course.
  • The EU debt crisis looks set to come to a head soon – when it does the fall-out is likely to be bullish for Gold.
  • The net long position in Gold has fallen significantly – the market no longer looks overcrowded.
  • If Gold heads higher again, then Silver may have a lot of catching up to do – the Gold/Silver ratio is last at 1:51.

GOLD PRICES CONSOLIDATE AFTER A 20% CORRECTION – NEAR TERM UPSIDE FAVOURED.

Gold prices peaked at $1,921/oz on 6th September, they have since undergone a significant correction that took prices down to a low of $1,532/oz – a drop of 20%. Prices are now consolidating around the $1,650/oz level. The bears who had viewed Gold as a bubble market now probably feel vindicated. However, while we can see why some longs needed to take profits, we also feel that the arguments for holding Gold remain strong. Therefore we expect further price gains in the months ahead – although the next run higher might also signal the beginning of the end of this phase of the bull market.

THIS TRADING PATTERN HAS BEEN SEEN BEFORE.
We would say Gold is just repeating the pattern we have seen many times over the past decade, whereby a broad base sell-off initially carries Gold prices down as liquidation selling overwhelms the safe-haven buying. The secondary reaction is then to see safe-haven buying dominate again. Indeed, given we have noticed this pattern, others will have too, so safe-haven buyers probably now know it is best to wait a while – let prices really sell-off before buying again. The spike lower in prices on 26th September was caused by another hike in margin rates, which no doubt forced even more long liquidation – but that may well have now got the last of the weak longs out. However, after the volatility and with a far from perfect chart picture, buyers seem to be in no rush to return. There has been some buying, which has lifted prices $120/oz off the sell-off low, but follow through buying has yet to emerge.


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Market Commentary
Gold opened on it lows at 1136.75/1137.75 and ticked higher on the back of rallying equity markets and weaker USD, finding resistancenear 1144.00. Light profit taking dragged the metal lower. Support was established around 1138.00 and it later turned bid as investor demand carried it back above 1140.00 usd/oz. The buying continued during the latter end of the session, peaking at 1147.50/1148.50 and finally closed at 1146.25/1147.25.

  

Technical Commentary
Gold is closing the week near its highs at 1149. This is the third up week in a row in a wave that started at 1027. The metal has been as high as 1153 and our measured target remains 1188. Higher highs and higher lows keep our attention to the topside. This week’s low of 1123 is seen as a support level.

 

 

TECHNICAL ANALYSIS


Pivot – USD1,144.06

Primary Support (Buy) – USD1,137.77

*BUY = Buying more Gold to Maximum your investment.

Primary Resistance (Sell) – USD1,155.19

*SELL = Selling your GOLD investment to gain Profit. 

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Market Commentary
Gold opened at 1131.25/1132.25 and dipped marginally as the trading day began, reaching a low of 1130.50/1131.50. This move reversed, despite a rallying dollar and weaker equity markets and climbed for much of the session, finding mild resistance near 1136.00. It briefly retreated, but stayed well supported on the back of more fund buying, carrying gold to an intraday high of 1139.75/1140.75. Light profit taking took it lower as the day unwound, finally settling at 1138.75/1139.75.


Technical Commentary
Gold is closing as a flat inside day at current 1138. Yesterdays record high at 1143 is our closest resistance. The bullish trend is strong, with 1188 our top side measured target. Last week’s high of 1125 will now act as a pivot for weak longs. Bigger support will be seen at Thursdays low 1101.

TECHNICAL ANALYSIS


Pivot – USD1,137.62

Primary Support (Buy) – USD1,131.63

*BUY = Buying more Gold to Maximum your investment.

Primary Resistance (Sell) – USD1,147.58

*SELL = Selling your GOLD investment to gain Profit.

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Market Commentary
Gold opened at 1107.25/1108.25 in New York. Wider than expected US trade deficit caused equity markets to retreat and gold followed. The metal slipped to an intraday low of 1102.50/1103.50 before turning bid as the dollar became well offered. It was later swept higher, triggering stops, finding resistance near 1114.00. However the metal continued to tick higher as the session progressed, peaking at 1117.50/1118.50. Gold traded lightly within a range as the day unwound, closing at 1116.00/1117.00.


Technical Commentary
Gold has completed its second up week off of correction pull back 1027. The unit is currently at 1116 shows no sign of slowing despite the extended nature of the move. Current measured move target remains 1130. While the unit remains above 1070 the risk remains for higher prices.

TECHNICAL ANALYSIS


Pivot – USD1,114.54

Primary Support (Buy) – USD1,105.71

*BUY = Buying more Gold to Maximum your investment.

Primary Resistance (Sell) – USD1,127.83

*SELL = Selling your GOLD investment to gain Profit.

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Gold prices will dip in the short term, falling to $800 an ounce from current values around $1,100, says investment guru Marc Faber, author of the Gloom, Boom & Doom Report.

The U.S. economy will require further stimulus packages, which will weaken the dollar, thus making government debt also a bad investment choice in the short term, Faber says.

Commodities such as oil and gold have been rallying on a weak dollar, but that will change as prices must correct, he says.

Gold has soared as high a $1,111 mark, but Faber says those prices will slip while the dollar is due for a rebound, at least in the short term.

“In the case of gold a decline below $1,000 would likely lead to further more meaningful weakness, possibly down to between $800 and $900,” Faber wrote in his column.

The U.S. economy is emerging from the recession, with gross domestic product gaining 3.5 percent in the third quarter on an annualized basis.

Faber has said lagging unemployment rates and low personal income rates will slow economic recovery despite nominally high official growth rates.

Nevertheless, gold prices are staying high for now, as a weak greenback pushes investors away from currency markets and into precious metals.

“Short-term traders are looking at gold as an inverse play on the dollar,” says Nicholas Brooks, head of research and investment strategy at ETF Securities in London, according to the Associated Press.

By: Forrest Jones © 2009 Newsmax.


gold1200

Market Commentary
Gold buying overnight took the metal higher and later opened at 1115.50/1116.50 in New York. It stayed bid as the session started, climbing to an all-time new high of 1118.75/1119.75. The metal pulled back from its highs as dealers took profit, washing out some of the longs. A stronger USD inspired more selling, dragging gold to an intraday low of 1111.50/1112.50. The metal managed to recover on light buying as the day moved towards the close, settling at 1113.75/1114.75.


Technical Commentary
Gold is closing up about $10 at the current 1114 after posting a new all time high of 1118.75 bid. This up move has been so strong, that risk lies with further extension to the Fibo level of 1130. Only a close back below 1070 will shake the long metal positions.


TECHNICAL ANALYSIS


Pivot – USD1,113.61

Primary Support (Buy) – USD1,108.35

*BUY = Buying more Gold to Maximum your investment.

Primary Resistance (Sell) – USD1,121.57

*SELL = Selling your GOLD investment to gain Profit.

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Market Commentary
Gold opened at 1099.75/1100.75 in New York. Good investor demand quickly carried the metal higher, hitting resistance near 1106.00. It retreated from this level, finding support near 1100.00 before it turned bid and rallied to an intraday high of 1109.00/1110.00. Oil prices later tumbled and gold followed, slipping below the initial support, reaching a low of 1098.00/1099.00. It recovered as the session unwound on the back of light dealer buying, finally settling at 1101.75/1102.75.


Technical Commentary
Gold is closing unchanged today at current 1104. Today’s price action is showing as an inside day Doji. Topside resistance is seen at yesterday’s record 1111 and support is seen at 1096. The up move has been so strong, that risk lies with further extension to Fibo level 1130. Only a close back below 1070 will shake the long metal positions.

TECHNICAL ANALYSIS


Pivot – USD1,104.57

Primary Support (Buy) – USD1,097.93

*BUY = Buying more Gold to Maximum your investment.

Primary Resistance (Sell) – USD1,111.93

*SELL = Selling your GOLD investment to gain Profit.

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Harga Emas 24 Jam

[Most Recent Quotes from www.11.com.my]

Harga Emas Segram (RM$)

[Most Recent Quotes from www.11.com.my]

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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