GOLD Price In Up Position, KLCI will hit lower 1Q09 next year

2008-12-20

GOLD Price In Up Position, KLCI will hit lower 1Q09 next year

Gold price is on the up way position, now is the good time to come out from share market to cut loss and buy in into Gold to get some profit before buy back into share when it hit bottom.

KLCI will hit new low at 1Q09 base on the chart movement. Most of the company in composit index is going higher with Distribution vol NOT Accumulation vol.

2 comments:

Ivan December 21, 2008 at 2:57 PM: Hi Durian,

Would you mind to post / share with me the Gold price (in US ) vs Gold price (in RM) for the last 10 years?

I am a bit curious how come a few of MASTER advise us to invest in Gold.

Eventually when the market is in recession, the gold is not the best investment vehicle. Recession market - bond shall be the investment vehiche. Isnt?

Hope u can share a bit ..
TQVM & Merry Xmas :D
East Point Trading December 23, 2008 at 7:52 AM: Hi Ivan,

I do not have Gold price (in US ) vs Gold price (in RM) for the last 10 years.

The reason to buy in gold is because in this situation US need to print US dollar to help himself so Gold will go up due to US need to store more gold to print money. This will make Gold in USD go up.

In the same time Malaysia will try to make USD xchange RM more higher by devalue RM to keep export in good value again USD so Gold price is RM will short high due to xchange.

Merry Xmas to you too

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