Emas 24K – Independent Gold™

Posts Tagged ‘gold price


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. 

When you signup for PayPal, you can start accepting credit card payments instantly. As the world’s number one online payment service, PayPal is the fastest way to open your doors to over 150 million member accounts worldwide.

Sign up for PayPal and start accepting credit card payments instantly.

Best of all, it’s completely free to sign up!


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.

When you signup for PayPal, you can start accepting credit card payments instantly. As the world’s number one online payment service, PayPal is the fastest way to open your doors to over 150 million member accounts worldwide.

Sign up for PayPal and start accepting credit card payments instantly.

Best of all, it’s completely free to sign up!


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.

When you signup for PayPal, you can start accepting credit card payments instantly. As the world’s number one online payment service, PayPal is the fastest way to open your doors to over 150 million member accounts worldwide.

Sign up for PayPal and start accepting credit card payments instantly.

Best of all, it’s completely free to sign up!


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.

When you signup for PayPal, you can start accepting credit card payments instantly. As the world’s number one online payment service, PayPal is the fastest way to open your doors to over 150 million member accounts worldwide.

Sign up for PayPal and start accepting credit card payments instantly.

Best of all, it’s completely free to sign up!


Gold may be the hottest investment in the world right now.

This yellow metal now commands more than $1,000 per ounce, and many folks are making wild predictions about how far it can run.

Yet there are many ways to invest in gold and each has its pros and cons.

Whether buying simple jewelry as a newbie or arbitraging gold markets across international borders as a hardcore trader, we’ll show you how to make it happen, ranked from the least hardcore strategy to the most.


1. Enter As A Newbie With Gold Jewelry

Jewelry is the easiest — and most common — way to buy gold around the world. Gold bracelets, necklaces and watches are easy to find, familiar to buy, and have added fashion value.

But there are numerous reasons not to invest in gold through jewelry.

First, its price is usually much higher than for pure gold, sometimes having as much as a 300% mark-up. Secondly, the value of the item comes more from the craftsmanship and adjoined pieces, like gemstones, than from the actual gold. This can make it difficult to assess a piece’s real value. Finally, your bling is easy to steal.

If you must, buy wholesale, at auction, or in countries with reduced cost. And for international buying be wary of customs tax implications.


2. Gold Coins

Coins are another easy way to invest in gold.

Some have value more from their rarity than their actual gold content, but most are solid gold and coins’ relatively small units make them far more affordable and accessible than gold bars.

Popular coins like the American Gold Eagle,Canadian Maple Leaf andSouth African Krugerrand are readily available at coin shops, sites like goldcoins.org and bulliondirect.com, and directly from the U.S. Mint.

If you go to a store, bring your cash — most coin shops don’t like credit cards or checks. And consider a home safe or your bank’s safe-deposit box as a means of keeping the collection secure.

Lastly, remember that there’s a 28% collectibles tax if you sell the coins after owning them for a year. Ouch.


3. Paper Gold

Investors can buy certificates from various trusted sources which represent direct ownership of gold kept in storage by a third party.

The upside of holding this ‘paper gold’ is that it should technically track the price of gold perfectly.

It is also more convenient than many other investments since it allows you to buy and sell gold without having to transfer physical gold.

The downside is that you need to keep the certificates very safe.

You are also generally charged a storage or transaction fee for the gold backing your certificates.

Worse yet, in an end-of-the-world scenario, you could easily have your gold holdings frozen by the government regardless of what a few pieces of paper say. It’s happened before.


4. Gold Futures

Futures allow investors to buy or sell gold without the management fees of funds, and without being subject to the potentially bad decisions of third-party managers. Of course, you’ll still be held liable for your own ideas.

They also allow investors to make leveraged bets, since as futures they are margined and you don’t need to pay the entire value of your gold exposure upfront.


5. Gold Bars

A 400 ounce gold bar is the iconic representation of owning bullion.

The pool of individually numbered bars is deep and liquid, and most bars are stored in highly-secure vaults. Traditionally, that safety is reserved for professional traders like countries or companies who can buy millions of dollars worth at a time, not individuals.

That’s changing. Capitalizing on demand for gold, select retailers are selling and buying the gold alongside kitchenware and clothes.


6. Gold Traded In Far-Flung Markets

For the truly hardcore gold trader, the world is a big place and a sucker is born every day.

There are many markets for gold that are well off-the-beaten-track. Gold is traded between people in every country around the world, sometimes on a very small scale and in hard to find places.

Just remember, the smartest guy in the room is the one earning a spread regardless of market direction.

So carry a quote-enabled phone. And maybe a gun. Which brings us next to the most necessary gold investment of all.




Gold Visitor

  • 65,638 hits

Online User



Bookmark and Share

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



if(typeof(networkedblogs)=="undefined"){networkedblogs = {};networkedblogs.blogId=964317;networkedblogs.shortName="emas24k";}

Choose Your Language:

Free Gold Advertise


Free Gold Advertise


Free Gold Advertise


Free Gold Advertise

Currency Converter

Mudah.my/putrajaya

dajjal-small

BlogMalaysia Members

BlogMalaysia

Twitter.com/swissgold

My Twitter Updates

JutawanEmas ChatBox

JutawanEmas ChatBox

Gold Spot Price

GoldSpot Updates