Today's Market Preview (26-11-2009)

GLD-C1 Underlying Share Close At USD 116.62

This morning or US market close, GLD-C1 underlying share close at USD 116.62 up 1.89 point with 1.65% and base on the rate with premium 2% GLD-C1 is above RM0.26. This covertion also need to take in currency exchange rate between USD vs RM.

Now gold price is USD 1,180 per ounce and base on the chart, gold is in overbrought zone but Asia still buying a lot of gold so the price likely to be supported till end of the year. Up to now really did not know how far the gold bull run may end.

Gold Price Go Higher, GLD-C1 Will Follow

Gold price is open high across Asia and yesterday GLD-C1 underlying share SPDR GLD is close at 114.73 and at 10.30am GLD-C1 is at RM0.245 with is 2% premium. If gold hits USD1,200 per ounce SPDR GLD will likely at USD120 so cover to GLD-C1 the price will be at RM0.29 with 2% premium. A 18.4% upside potential.










If want to know more about gold investment news, welcome to visit my gold investment blog at http://malaysiagoldinvestment.blogspot.com/

Today's Market Preview (25-11-2009)