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Thread: Gold plunge, sell or hold?

  1. #61
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    Quote Originally Posted by Laguna
    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....

  2. #62
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    Quote Originally Posted by hopeful
    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 ....

  3. #63
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    Quote Originally Posted by hopeful
    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

  4. #64
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  5. #65
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    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.
    Quote Originally Posted by hopeful
    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....

  6. #66
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    Quote Originally Posted by hopeful
    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

  7. #67
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    Actually $2 million of fully paid assets is not bad. The question is at what age?

  8. #68
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    Quote Originally Posted by Laguna
    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.

  9. #69
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    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.

  10. #70
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    Not gold but stocks and sold off.
    Quote Originally Posted by hopeful
    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.

  11. #71
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    Quote Originally Posted by DC33_2008
    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?

  12. #72
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    Of course, as at today.
    Quote Originally Posted by ysyap
    $2mil at today's valuation or at time of purchase or at future valuation?

  13. #73
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    Gold Outlook for Q4: Buy or Beware?
    http://finance.yahoo.com/blogs/break...191907806.html

  14. #74
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    Hold. Below $1600 is good buy for me.

  15. #75
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    I am looking at $1500.
    Quote Originally Posted by hyenergix
    Hold. Below $1600 is good buy for me.

  16. #76
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    Quote Originally Posted by DC33_2008
    I am looking at $1500.
    When drop to 1500, u will target 1400

  17. #77
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    Quote Originally Posted by hyenergix
    Hold. Below $1600 is good buy for me.
    1000 is below 1600.... 1599 aso below 1600

  18. #78
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    Human nature. Decision to buy at 1500 will be based on a few critieria.
    Quote Originally Posted by devilplate
    When drop to 1500, u will target 1400

  19. #79
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    Quote Originally Posted by devilplate
    When drop to 1500, u will target 1400
    Ard $1500 is good enough. I believe it will gradually appreciate.

  20. #80
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    USD @ 1.32

  21. #81
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    MAS deliberately let e SGD weaken to help exporters, at e expense of inflation.

  22. #82
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    Quote Originally Posted by hyenergix
    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 !!

  23. #83
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    Waiting patiently for it.
    Quote Originally Posted by gap969
    More a case of flight to quality where USD strengthen across the board.
    It seems like Sell Gold buy USD !!

  24. #84
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    Quote Originally Posted by gap969
    USD @ 1.32
    tats gd! but hope it will remain at 1.3-1.4

    pls dun overshoot

  25. #85
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    Quote Originally Posted by gap969
    More a case of flight to quality where USD strengthen across the board.
    It seems like Sell Gold buy USD !!
    market is unpredictable isnt it

    why did USD return back to safe haven status? LOL

    y USD safer den Gold now? whahaha

  26. #86
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    Quote Originally Posted by devilplate
    market is unpredictable isnt it

    why did USD return back to safe haven status? LOL

    y USD safer den Gold now? whahaha
    Monkey see monkey do ???

  27. #87
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    I dun get it. Why is it that gold prices also increasing? I thought that USD go up, gold will come down?

  28. #88
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    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.
    Quote Originally Posted by Montaigne
    I dun get it. Why is it that gold prices also increasing? I thought that USD go up, gold will come down?

  29. #89
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    Quote Originally Posted by Montaigne
    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..

  30. #90
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    Quote Originally Posted by hyenergix
    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...

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