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.

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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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