Emas 24K – Independent Gold™

Posts Tagged ‘Friday


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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Peter Schiff Was Right!

peter-ceo


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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Market Commentary
Gold opened at 1050.00/1051.00 in New York. The USD advanced on the back of a better than expected US trade balance causing gold to retreat. The metal found support near 1047.00 and turned bid on light investor demand. Gold climbed to an intraday high of 1052.00/1053.00 during the London fix, but could not sustain this level. The metal later slipped to a low of 1043.50/1044.50 as the dollar continued to rally and oil slumped. It recovered as the session unwound, finally settling at 1047.25/1048.25.

gold


Technical Commentary
Gold is posting a strong up session on the weekly chart at current 1047 versus last weeks close of 1002. The ability to break, and close, above previous 2009 high of 1024 and all time record high of 1032, bodes well for continued upward movement next week. The measured move for the weekly chart shows 1105. This is the distance from our triangle breakout at 965, which would equal the correction distance from 1006 (Feb 16) to 866 (April 20). Suggest holding long positions while 1024 holds on a close basis.


Technical Analysis


Pivot – USD1,051.15


Primary Support (Buy) – USD1,040.75

*BUY = Buying more Gold to Maximum your investment.


Primary Resistance (Sell) – USD1,058.30

*SELL = Selling your GOLD investment to gain Profit.


Market Commentary

Gold opened at 990.50/991.50 in New York. Employment data landed near expectation and had little impact on the metal. It traded erratically within a range, slipping to an intraday low of 985.00/986.00. Equity markets later turned positive, the dollar lost ground and gold rallied. It remained well bid, peaking at 996.75/997.75. From here it retreated from the highs as the trading day unwound, settling at 995.00/996.00.

Technical Commentary

Gold on the weekly chart is showing a consolidation triangle breakout to the topside at current 991. The weekly close above resistance lines at 965 and 976 bodes well for further gains up to the 2009 high of 1006 and possibly to the 2008 high of 1032. We suspect the market will look to buy Gold on any dip to 976 with stop losses back below 965.

4sept

Technical Analysis

Pivot – 988.07

Primary Support (Buy) – 978.35

Primary Resistance (Sell) – 1 ,001.78


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


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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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