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2009-11-17

GLD-C1 Is Going Up Higher


















Gold price again hitting up to new history high. Malysia gold price hits RM123.29 per gram yesterday is the highest price since 2005. However when the price go up abnormally we better be-careful due to may be some speculation is happening. Like crude oil, before the crisis happen crude oil had hits history high like never ending so thing will go up and down when gold drop sure something happen and sure share market will effected.



















GLD-C1 is base on GLD NYSE, base on the chart they is still some room for it to go higher in short term may be by end of Nov. I buy in during GLD-C1 at RM0.195 and plan to hold untill end of Nov, now already 20.5% profit.

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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.

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