View Full Version : Gold plunge, sell or hold?
Dear peeps, I need advices. I bought 2 lots of gold at $1770 when it falls from $18XX. Now gold prices dropped to $1650. If I sell, I will realise a loss of about 10k. If I hold, I risk a margin call at a price of $1200, as I have $50k buffer in the futures account. So if I really hold and gold price drop to $1200, I will lose $50k. I am planning to hold for a year or two and wait for price to rebound, interest rate per lot is $1k per year. How is your view on this? Please help. Thank you.
Jadey is the gold expert.
devilplate
25-09-11, 12:09
Will qe3 help to push up gold px again?
my two cents, if you are seeking advice from forum on gold futures, it is best to stay out from the market.
i used to make money on corn futures. i liquidated all positions once i realised that i made money cos i was just lucky, too lucky.
The gold chart looks ugly. Was thinking of of a put on gold, but the premium was pretty high. The $100 drop in gold last Friday was a bit of a surprise.
Dear peeps, I need advices. I bought 2 lots of gold at $1770 when it falls from $18XX. Now gold prices dropped to $1650. If I sell, I will realise a loss of about 10k. If I hold, I risk a margin call at a price of $1200, as I have $50k buffer in the futures account. So if I really hold and gold price drop to $1200, I will lose $50k. I am planning to hold for a year or two and wait for price to rebound, interest rate per lot is $1k per year. How is your view on this? Please help. Thank you.
If u can convert to real certified gold, u can pm me as I'm planning to buy some physical gold ;-) At a discount...
If you play with margin, pls remember money management,chart n emotion. I think gold hv a strong support at 1400. But when stock crash gold will follow...remember when 2008 gold also drop.
Dear peeps, I need advices. I bought 2 lots of gold at $1770 when it falls from $18XX. Now gold prices dropped to $1650. If I sell, I will realise a loss of about 10k. If I hold, I risk a margin call at a price of $1200, as I have $50k buffer in the futures account. So if I really hold and gold price drop to $1200, I will lose $50k. I am planning to hold for a year or two and wait for price to rebound, interest rate per lot is $1k per year. How is your view on this? Please help. Thank you.
Doubt it will correct to $1200. Hold. 10K you lose now can last 10years?
devilplate
25-09-11, 23:42
Doubt it will correct to $1200. Hold. 10K you lose now can last 10years?
Futures r not meant to buy and hold
Only those who bot physical gold to hold
Geylang OKT
26-09-11, 00:09
If you are asking for such advice in a property forum, thench you shouldn't be trading gold at all. Sell. :scared-3:
not having stop loss levels when trading on margin is very dangerous.
Doubt it will correct to $1200. Hold. 10K you lose now can last 10years?
Thank you, what u said make sense. I will choose to believe that within this 10 years and at one point, I can at least breakeven. This will be my last game. Big mistake... TWICE. Lost and realised 8k in July.
If you hold for too long, it will be $2k per year of holding cost. It is not worth the trouble to buy paper gold. US$1800 you still see gold shops in China packed like crazy. Current price seems to be a discount.
I would say, ur not a disciplined trader. It will be a long and costly lesson for u to learn the meaning of a disciplined trader. Go and get some good books on this.
It was read about a month ago, the first level to buy is US$1650. Someone PM me two weeks on this and i told him that.
But looking at the way gold move, I will still not going long at US$1650.
The program trading by the hedge funds is scary.
The world is getting more politically unstable and stagflationary. Good to stock up on gold. I'm comfortable with buying at US$1600 or lower.
devilplate
26-09-11, 10:05
The world is getting more politically unstable and stagflationary. Good to stock up on gold. I'm comfortable with buying at US$1600 or lower.
i actually expect gold to drop somemore....
qe3 not coming....usd will rise abit more i tink.....den gold will drop somemore:2cents:
i tink us govt wana keep their inflation low now so tat they can continue to keep int rate low?
Will move in when gold drops to US$1200.
i actually expect gold to drop somemore....
qe3 not coming....usd will rise abit more i tink.....den gold will drop somemore:2cents:
i tink us govt wana keep their inflation low now so tat they can continue to keep int rate low?
i actually expect gold to drop somemore....
qe3 not coming....usd will rise abit more i tink.....den gold will drop somemore:2cents:
i tink us govt wana keep their inflation low now so tat they can continue to keep int rate low?
I'm monitoring the gold price now to see if it can be further discounted.
IMF will be running short of money soon.
http://www.telegraph.co.uk/finance/financialcrisis/8779510/IMF-Banks-need-more-cash-to-hedge-against-euro-crisis.html
Not sure which countries they will be asking for money to top up.
http://www.abovetopsecret.com/forum/thread756846/pg1
see how it tests US$1500 first
Central banks have been building up their gold holdings since last year. It is about time to unload to cover up the debts..wait for IMF gold sales first
Thank you, what u said make sense. I will choose to believe that within this 10 years and at one point, I can at least breakeven. This will be my last game. Big mistake... TWICE. Lost and realised 8k in July.
To put it the other way round
ur now bearish in gold...
u need to remember, gold cycle is the longest among all asset class...
There are monthly expiration on the gold futures contract.
Hence if you are going to hold this position for a long term you would have to roll this position into the next contract month on a monthly basis.
Plus position will be marked to settle daily hence your margin call could come sooner than later.
Have a stop in place
There are monthly expiration on the gold futures contract.
Hence if you are going to hold this position for a long term you would have to roll this position into the next contract month on a monthly basis.
Plus position will be marked to settle daily hence your margin call could come sooner than later.
Have a stop in place
I bought gold via POEMS mini forex futures, I am not aware that contract expires every month as I thought I can hold and just wait. Will check this out. Thanks. This is the worst decision I had made so far... Bad move..
I bought gold via POEMS mini forex futures, I am not aware that contract expires every month as I thought I can hold and just wait. Will check this out. Thanks. This is the worst decision I had made so far... Bad move..
Since u mention u need to pay interest, most likely will be the spot gold rather than Comex gold. I dun trade spot gold. But u need to check, if u need to pay interest, which I think is 2%, but not sure whether it is per month or per annual, whether compounded or not, is it on the margin or contract sum? U also need to top up margin call if needed.
There is another indicator for gold traders. This is the price difference between gold price and gold mine stocks. Historically, these two indexes were very very close to each other. Recently, due to the sharp drop of equity, the disparity is 30% (this reading was taken two weeks before when I did the research), too big to be in the comfort zone. Equity will be down further...so...to close the gap, gold must go down to close the gap..
for u, I can only borrow one famous phrase
"I duno what to say"
devilplate
26-09-11, 12:24
There is another indicator for gold traders. This is the price difference between gold price and gold mine stocks. Historically, these two indexes were very very close to each other. Recently, due to the sharp drop of equity, the disparity is 30% (this reading was taken two weeks before when I did the research), too big to be in the comfort zone. Equity will be down further...so...to close the gap, gold must go down to close the gap..
for u, I can only borrow one famous phrase
"I duno what to say"
totally agree the indicator;)
For montagine, i usually place stop loss 10% below my purchase px.....up to u to set.....some set 5%, some 10 and some 15%:D
devilplate
26-09-11, 12:26
Gold stll dropping....still finding its bottom....1620 now
Silver 28+ neow! Can hit 20? I surely fry fry :D
Asian indices are down. Are you going to buy physical gold and silver?
Gold stll dropping....still finding its bottom....1620 now
Silver 28+ neow! Can hit 20? I surely fry fry :D
devilplate
26-09-11, 12:53
Asian indices are down. Are you going to buy physical gold and silver?
Buy some physical gold and gold shares
For silvers, i only fry futures....silver got ppl buy physical one meh....hehe
Gold price now is US$1594!
there will be lots of margin calls..and margin will be up again
phantom_opera
26-09-11, 14:11
Silver down more than 14% today :eek:
Dow futures -80
I was going to buy, what e heck, today it bounces back above $1600.
devilplate
27-09-11, 18:20
I was going to buy, what e heck, today it bounces back above $1600.
Can buy now bcoz gold can hit 3000 within few yrs.... Jadey says so:D
Can buy now bcoz gold can hit 3000 within few yrs.... Jadey says so:D
what... 3000 only? I thought Jadey said 4000...:confused:
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http://forums.condosingapore.com/showthread.php?p=190878#post190878
"how fast gold goes up will depend on how quickly US$ depreciate.
Unless we have a global currency to replace US$, else I dont think there is anything that can prevent gold from hitting 4000 in the next 5 to 10 years."
devilplate
27-09-11, 18:44
what... 3000 only? I thought Jadey said 4000...:confused:
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http://forums.condosingapore.com/showthread.php?p=190878#post190878
"how fast gold goes up will depend on how quickly US$ depreciate.
Unless we have a global currency to replace US$, else I dont think there is anything that can prevent gold from hitting 4000 in the next 5 to 10 years."
Tks for the correction...hehe:cheers6:
Just buy la! 4000! Now 16xx cheap cheap lelong:D
I was going to buy, what e heck, today it bounces back above $1600.Buy or not is a very personal choice... it'll look like a steal if it bounces back to 18xx in next couple of months. Gold price is flunctuating primarily because the other investment options in market are increasingly improving. Gold will pick up again once Greek defaults next month (just my guess). :D
Buy from where? UOB?
Buy or not is a very personal choice... it'll look like a steal if it bounces back to 18xx in next couple of months. Gold price is flunctuating primarily because the other investment options in market are increasingly improving. Gold will pick up again once Greek defaults next month (just my guess). :D
Buy from where? UOB?
Buy from Mustafa. :D
Regulators
27-09-11, 23:44
Sekali mustafa mix fool's gold with real gold
Buy from Mustafa. :D
Cheap TVs, cheap radios, cheap gold bars! LOL! :tongue3:
Can buy now bcoz gold can hit 3000 within few yrs.... Jadey says so:D
Impossible to me, unless there is a major war or the financial system is collapsing. Beware of buying physical gold in the form of jewellery if it is for store of value rather than for gift. I'm not a gold expert, just have a keen interest in the glittering metal.
If u want high leverage, the go for spot or comex gold
Looking at the way it moves, high chance of testing $1500..
Whether UOB lowers its price when gold hits $1500 is another question. Why other banks are not selling physical gold?
devilplate
29-09-11, 09:44
Whether UOB lowers its price when gold hits $1500 is another question. Why other banks are not selling physical gold?
Uob do adjust their gold rates accordingly....but of coz big elephant spread la:D
Do you know the procedure of the purchase? Is it like buying physical gold from a goldsmith shop? Just pay cash and collect the gold bar.
Uob do adjust their gold rates accordingly....but of coz big elephant spread la:D
Do you know the procedure of the purchase? Is it like buying physical gold from a goldsmith shop? Just pay cash and collect the gold bar.
Funny thing happen to me once. I bought a 1kg gold bar from UOB and received a gold bar casted in Indonesia. I asked the teller about it. She says its ok. Just don't remove the seal.
Only accept SGD? How about US$?
Funny thing happen to me once. I bought a 1kg gold bar from UOB and received a gold bar casted in Indonesia. I asked the teller about it. She says its ok. Just don't remove the seal.
Since u mention u need to pay interest, most likely will be the spot gold rather than Comex gold. I dun trade spot gold. But u need to check, if u need to pay interest, which I think is 2%, but not sure whether it is per month or per annual, whether compounded or not, is it on the margin or contract sum? U also need to top up margin call if needed.
There is another indicator for gold traders. This is the price difference between gold price and gold mine stocks. Historically, these two indexes were very very close to each other. Recently, due to the sharp drop of equity, the disparity is 30% (this reading was taken two weeks before when I did the research), too big to be in the comfort zone. Equity will be down further...so...to close the gap, gold must go down to close the gap..
for u, I can only borrow one famous phrase
"I duno what to say"
If via POEMS it would be spot gold and yes they have a finance charge on long positions which is charged daily.
Stick to trading gold on COMEX or even TOCOM
And if you are doing long term do the monthly rollover of position.:D
My property dream crash for the moment.. My family just knew about it. Was too rash and hoping for quick profit via spot gold. Now cashflow got problem cannot fund the initial cash deposit. Have to stay with in laws for maybe another year or two if I really lost all the $$......Costliest mistake ever made...
My property dream crash for the moment.. My family just knew about it. Was too rash and hoping for quick profit via spot gold. Now cashflow got problem cannot fund the initial cash deposit. Have to stay with in laws for maybe another year or two if I really lost all the $$......Costliest mistake ever made...
Cheer up, dun feel that way. U already long on a pte property rite ? So this gold is more like a hedge for you. If the global financial crisis really happens, gold will go above ur level, u should be able to profit from that. If everything eventually turns out well, crisis averted, ur pty value will continue to go up. Ur total position is probably not much different. It's a hedge not a gamble.
My property dream crash for the moment.. My family just knew about it. Was too rash and hoping for quick profit via spot gold. Now cashflow got problem cannot fund the initial cash deposit. Have to stay with in laws for maybe another year or two if I really lost all the $$......Costliest mistake ever made...
Let think from another angle
1. it is better to make a mistake while ur young than old
2. u hv the understanding from your family
3. the lesson is costly and painful but it worths its value in your life long
It is nvr too late..just move on....
I had even made much more costly mistakes before in trading....
Let think from another angle
1. it is better to make a mistake while ur young than old
2. u hv the understanding from your family
3. the lesson is costly and painful but it worths its value in your life long
It is nvr too late..just move on....
I had even made much more costly mistakes before in trading....
Thanks, I will move on. Just felt quite upset that the savings that I have accumulate over these few years of work just gone like that.. I upset my family becos of this. Quite sad. I am glad that they are quite forgiving despite knowing that we need to trouble them to stay with them for another year or so.
My property dream crash for the moment.. My family just knew about it. Was too rash and hoping for quick profit via spot gold. Now cashflow got problem cannot fund the initial cash deposit. Have to stay with in laws for maybe another year or two if I really lost all the $$......Costliest mistake ever made...
Staying w in laws is good, bcoz everyone can take care of each other. Buy phy gold is safer bcoz u need 100% cash tt ensures u can afford n it is always urs in times of needs. Juz work harder to recoup e losses. If u r young, time is money. U will have plenty of money again.
My property dream crash for the moment.. My family just knew about it. Was too rash and hoping for quick profit via spot gold. Now cashflow got problem cannot fund the initial cash deposit. Have to stay with in laws for maybe another year or two if I really lost all the $$......Costliest mistake ever made...
buck up, continue playing with gold and silver.
If you stop playing, you cannot recover the losses.
you want to be middle income all your life?
always remember, there is no difference in lifestyle between a person with assets $1mil and a person with $2mil. but there is a difference with a person with assets with $10mil.
those who bought gold at peak in 2008 (just before the crash) is smiling now. the next gold peak will be higher than 1920.
My property dream crash for the moment.. My family just knew about it. Was too rash and hoping for quick profit via spot gold. Now cashflow got problem cannot fund the initial cash deposit. Have to stay with in laws for maybe another year or two if I really lost all the $$......Costliest mistake ever made...
is it that costly? cos gold spot went down but USD(against SGD) went up mah
buck up, continue playing with gold and silver.
If you stop playing, you cannot recover the losses.
you want to be middle income all your life?
always remember, there is no difference in lifestyle between a person with assets $1mil and a person with $2mil. but there is a difference with a person with assets with $10mil.
those who bought gold at peak in 2008 (just before the crash) is smiling now. the next gold peak will be higher than 1920.
can u give calls to her/him to guarantee return?
even huge hedge funds making losses....
if he continues, he may end up with loan shark and divorce as well
As you see he is hopeful.
can u give calls to her/him to guarantee return?
even huge hedge funds making losses....
if he continues, he may end up with loan shark and divorce as well
is it that costly? cos gold spot went down but USD(against SGD) went up mah
if he is playing with Phillips, Montaigne is using leverage, US$1 movement in spot gold = US$100 profit/loss.
so if spot gold drop by US$200, he is looking at a loss of US$20,000 per lot. in addition with usdsgd move from 1.2x to 1.3x, his gold losses is multiplied by the currency losses, i would say Montaigne is looking at some serious loss.
if he is playing with Phillips, Montaigne is using leverage, US$1 movement in spot gold = US$100 profit/loss.
so if spot gold drop by US$200, he is looking at a loss of US$20,000 per lot. in addition with usdsgd move from 1.2x to 1.3x, his gold losses is multiplied by the currency losses, i would say Montaigne is looking at some serious loss.
This within the span of 1 week :mad:
High gain comes with High risk. The important thing is to learn from mistake and move on to become more cautious in future.
This within the span of 1 week :mad:
High gain comes with High risk. The important thing is to learn from mistake and move on to become more cautious in future.
Remembered trading gold futures 8 years ago when average true range in a day was $1 or $2, to be able to make $5000 out of a 1 lot position, sometimes have to hold for 2/3 months :doh:
Now a days these amounts can be made or loss in minutes
can u give calls to her/him to guarantee return?
even huge hedge funds making losses....
if he continues, he may end up with loan shark and divorce as well
lets just say, gold price will be higher a year from now :)
everybody has a choice, like BJ21. His life like rollercoaster. If he has stop playing when he loses big, you think he can recover his losses?
BJ21 mentioned before, if his August bets were correct, he would move up another strata of wealth....
if he is playing with Phillips, Montaigne is using leverage, US$1 movement in spot gold = US$100 profit/loss.
so if spot gold drop by US$200, he is looking at a loss of US$20,000 per lot. in addition with usdsgd move from 1.2x to 1.3x, his gold losses is multiplied by the currency losses, i would say Montaigne is looking at some serious loss.
i see .... :eek:
if he is playing with Phillips, Montaigne is using leverage, US$1 movement in spot gold = US$100 profit/loss.
so if spot gold drop by US$200, he is looking at a loss of US$20,000 per lot. in addition with usdsgd move from 1.2x to 1.3x, his gold losses is multiplied by the currency losses, i would say Montaigne is looking at some serious loss.
depends on whether gold mini or regular...
this is the problem with those trade without discipline
dun end up like maggie cheung...
http://entertainment.xin.msn.com/en/celebrity/buzz/asia/article.aspx?cp-documentid=5318354
It depends on the apportion of reserved fund use for low - high risk investment. Going forward in the next one year, it is even more crucial given the economic uncertainly. Needs to have life jacket in the choppy seas. IF possible, own a submarine. :)
lets just say, gold price will be higher a year from now :)
everybody has a choice, like BJ21. His life like rollercoaster. If he has stop playing when he loses big, you think he can recover his losses?
BJ21 mentioned before, if his August bets were correct, he would move up another strata of wealth....
everybody has a choice, ...
I dun think not everyone has a choice..most of my ex-colleagues have no choice but to work and work and work..so many mouths at home, house to pay, bills to settle
this is reality
Actually $2 million of fully paid assets is not bad. The question is at what age?
I dun think not everyone has a choice..most of my ex-colleagues have no choice but to work and work and work..so many mouths at home, house to pay, bills to settle
this is reality
although the term "sheeple" is derogatory, I would agree that most people are sheep people. They follow the crowd and do ordinary things and get ordinary results.
a lot of people here talked about "buy when there is blood on the streets, including your own." and how if there is firesale during recession, they will grab.
An example came last few days.
Did anybody here buy when there is a spike low in gold and silver. I didn't.
Not gold but stocks and sold off.
a lot of people here talked about "buy when there is blood on the streets, including your own." and how if there is firesale during recession, they will grab.
An example came last few days.
Did anybody here buy when there is a spike low in gold and silver. I didn't.
Actually $2 million of fully paid assets is not bad. The question is at what age?$2mil at today's valuation or at time of purchase or at future valuation? :o
Of course, as at today.
$2mil at today's valuation or at time of purchase or at future valuation? :o
Gold Outlook for Q4: Buy or Beware?
http://finance.yahoo.com/blogs/breakout/gold-outlook-q4-buy-beware-191907806.html
Hold. Below $1600 is good buy for me.
I am looking at $1500.;)
Hold. Below $1600 is good buy for me.
devilplate
01-10-11, 09:33
I am looking at $1500.;)
When drop to 1500, u will target 1400
devilplate
01-10-11, 09:35
Hold. Below $1600 is good buy for me.
1000 is below 1600.... 1599 aso below 1600:rolleyes:
Human nature. Decision to buy at 1500 will be based on a few critieria.
When drop to 1500, u will target 1400
When drop to 1500, u will target 1400
Ard $1500 is good enough. I believe it will gradually appreciate.
USD @ 1.32 :scared-5: :scared-5: :scared-5: :eek:
MAS deliberately let e SGD weaken to help exporters, at e expense of inflation.
MAS deliberately let e SGD weaken to help exporters, at e expense of inflation.
More a case of flight to quality where USD strengthen across the board.
It seems like Sell Gold buy USD !!:doh:
Waiting patiently for it. ;)
More a case of flight to quality where USD strengthen across the board.
It seems like Sell Gold buy USD !!:doh:
devilplate
04-10-11, 09:27
USD @ 1.32 :scared-5: :scared-5: :scared-5: :eek:
tats gd! but hope it will remain at 1.3-1.4
pls dun overshoot:scared-5:
devilplate
04-10-11, 09:28
More a case of flight to quality where USD strengthen across the board.
It seems like Sell Gold buy USD !!:doh:
market is unpredictable isnt it
why did USD return back to safe haven status? LOL:hell-hath-no-fury:
y USD safer den Gold now? whahaha
market is unpredictable isnt it
why did USD return back to safe haven status? LOL:hell-hath-no-fury:
y USD safer den Gold now? whahaha
Monkey see monkey do ???:doh:
I dun get it. Why is it that gold prices also increasing? I thought that USD go up, gold will come down?
Buying gold out of fear when you see World major stock indices are dropping everyday. They pay alot more now than 1 week ago with the appreciation of the US$ against SGD. People are confused now. :confused:
I dun get it. Why is it that gold prices also increasing? I thought that USD go up, gold will come down?
I dun get it. Why is it that gold prices also increasing? I thought that USD go up, gold will come down?
No more logic, USA Big Bro image and military might itself is a safe haven for currency..
MAS deliberately let e SGD weaken to help exporters, at e expense of inflation.
Seem like it cos normally MAS will go intervene for a gradual change...but like not this time...
proud owner
04-10-11, 21:51
No more logic, USA Big Bro image and military might itself is a safe haven for currency..
USD buying has nothing to do with usd being safe haven.
It's a massive funding shortage in the system.
A lot is going on. can't go into detail here.
Stk mkt will fall further. Just watch it
I need to warn those traders without putting stop. In the event the position is against u, and ur in a margin call situation, and if ur not contactable or unable to make good of margin within the same day.
Your position will be chopped....
Also, for some houses, the stop does not work in the event of open gap up or gap down, it may become a limit order.
I went down to the house today...so many margin calls..
Lucky enough to catch some fire sales, if there's any?
Lucky enough to catch some fire sales, if there's any?
If fire-sale house can also raise cash so fast to meet margin calls?
bargain hunter
04-10-11, 23:39
can't. but maybe after margin called and forcesold positions, there is still a massive loss to pay or face bankruptcy proceedings. in that case, fire sale house can raise cash to save the fella.
If fire-sale house can also raise cash so fast to meet margin calls?
Thank you, what u said make sense. I will choose to believe that within this 10 years and at one point, I can at least breakeven. This will be my last game. Big mistake... TWICE. Lost and realised 8k in July.
It's USD1740 today.
Dear peeps, I need advices. I bought 2 lots of gold at $1770 when it falls from $18XX. Now gold prices dropped to $1650. If I sell, I will realise a loss of about 10k. If I hold, I risk a margin call at a price of $1200, as I have $50k buffer in the futures account. So if I really hold and gold price drop to $1200, I will lose $50k. I am planning to hold for a year or two and wait for price to rebound, interest rate per lot is $1k per year. How is your view on this? Please help. Thank you.
A month now and it's back to 1759 today. :sleep:
Will move in when gold drops to US$1200.
Gold will never drop back to this level. It's teasing us around $1600-$1800. Chinese and Indian festivals are coming. Central banks are still buying gold. I think price will go up again next year.
http://news.goldseek.com/GoldSeek/1320411600.php
People got scare after hearing to Basic. :scared-1:
Gold will never drop back to this level. It's teasing us around $1600-$1800. Chinese and Indian festivals are coming. Central banks are still buying gold. I think price will go up again next year.
http://news.goldseek.com/GoldSeek/1320411600.php
Wait till US$ raises and gold will, well, crash like stone! :banghead:
Gold will never drop back to this level. It's teasing us around $1600-$1800. Chinese and Indian festivals are coming. Central banks are still buying gold. I think price will go up again next year.
http://news.goldseek.com/GoldSeek/1320411600.php
I don't think so. Too many people (including myself and the forumers here) and central banks are aiming for gold now.
Useful articles:
Gold as investments?
http://www.goldinmind.com/gold-updates-news/blog/stock-markets-in-free-fall-gold-at-$1700-what-to-do.html
Gold scams!
http://www.goldinmind.com/how-to-buy-gold/general-advice/risks-problems-when-buying-gold-fraud-and-scams.html
Dear peeps, I need advices. I bought 2 lots of gold at $1770 when it falls from $18XX. Now gold prices dropped to $1650. If I sell, I will realise a loss of about 10k. If I hold, I risk a margin call at a price of $1200, as I have $50k buffer in the futures account. So if I really hold and gold price drop to $1200, I will lose $50k. I am planning to hold for a year or two and wait for price to rebound, interest rate per lot is $1k per year. How is your view on this? Please help. Thank you.
It's 1792 today, you should be making now. Sell or hold, the choice is yours. :cheers4:
It's 1792 today, you should be making now. Sell or hold, the choice is yours. :cheers4:
Already sold one at 1670 lah... sian...
Already sold one at 1670 lah... sian...
Gold must buy and hold one lah. Price won't go down much because drama is still unfolding in the west and east is still buying quietly.
Gold must buy and hold one lah. Price won't go down much because drama is still unfolding in the west and east is still buying quietly.
Agreed 1000%.
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