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2009-07-27

Buying Gold Opportunity In This Week

The GOLD PRICE rose USD15.60 last week to close the week at USD952.80, but on Comex today it closed down USD1.70. Gold smashed through USD940 like the Jackson through Hooker's Union army at Chancellorsville, then ran to USD954, the next resistance. It couldn't quite clear that mark, but has another chance next week, and a chance to clear USD968. Even if this rally is destined to fail at USD1,000, it's virtually certain to reach USD980.

This week gold might correct, but not lower than USD930. In fact, I don't believe we will ever see gold drop below USD909 again. Malaysia gold price start this week with RM109 per gram if currency USD/RM value is the same like last week so when gold price dip so same will happen to Malaysia gold price and this is the opportunity to buy and keep some gold.

Last year we still can see 916 gold price lest than RM100 per gram but now I think this price will become history. Over all gold always moving up but slow compare share market.

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Investment Idea

My investment with RM5,000 initial capital have been growing since 2005.I found the stock market appears confusing and complicated, but it is most definitely based on logic "supply and demand". However, the laws of supply and demand as observed in the markets do not behave as one would expect. To be an effective trader, there is a great need to understand how supply and demand can be interpreted under different market conditions and how to take advantage of this Off Market Transactions in KLSE.

Malaysia Gold Price

Gold Price Per Gram in Ringgits
Malaysian Ringgits per Gram

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