Comments on Creating Wealth The Unit Trust Way: #167. Gold Investment And Tetrahedron Update 9

nik,Looks like an error on their site. Price is no...

2009-03-24T14:03:00.000+08:00

nik,

Looks like an error on their site. Price is now back to the 4% spread.

well, public bank had now changed it back to 4%..n...

2009-03-24T12:22:00.000+08:00

well, public bank had now changed it back to 4%..no worries..

did anyone noticed that Public bank had increased ...

2009-03-24T11:38:00.000+08:00

did anyone noticed that Public bank had increased the buy/sell spread to almost 7%!!! (previously 4%). gold selling @ RM112.60 whilst buying @ only RM105.06 at 11.20 am today...

Thanks Carson for my many months of following and ...

2009-03-11T23:56:00.000+08:00

Thanks Carson for my many months of following and being a fan of your site and interest in gold. I too have bought at a high price thinking and reading off kitco.com that it will pass the USD1K mark and sustain for a little while there.

But having all said and done, Warren Buffet's investing advice, when investing never buy to lose money. Hang on if you can.

DOW has rose overnight for 5%, and there is a beli...

2009-03-11T22:55:00.000+08:00

DOW has rose overnight for 5%, and there is a believe that it will rise till 7500 or even higher. This might be a small bull, or a strong bounce because it bottom to a 12-year low point. Market has oversold which billion of share trade in few session. Compare today to 2 month before, news related to gold price will shot up to 1000 or even higher seems like "disappear", may be if there is someone who are controlling behind?
Or, investor has see the bull in the share market, they sell off gold and move into equity, and believe equity can give more return compare to gold if there is bull running.The theory that i always believe, the sharper it drop, the steeper it rises.
And lately about the bank mark-to-market valution, there are analaysis believe that Dow will skyrocket, but it all depends on March 12.
March 12 and 13 is just 1 day different, let say, if dow market really rally, it is possible that gold price will continue to drop futher.
Who knows?

Although here focus more on technical analysis, bu...

2009-03-11T13:12:00.000+08:00

Although here focus more on technical analysis, but sometimes we might not forget about fundamental analysis too.

Talking about the bailout, where do the money comes from? Printing more paper or selling their gold reserve? Does it mean it has something to do with the drop of price currently? I don't know but if the price doesn't bounce back this week, it might drop much much further.

CK,I guess we all learned a lesson here. To buy at...

2009-03-11T12:06:00.000+08:00

CK,

I guess we all learned a lesson here. To buy at the valley and sell at the next peak, and don't wait for the next higher peak.

Take profit (even if it is a small one) when we reached the peak. Breathe in the fresh air and enjoy the view at the peak.

Then, go down to the valley and wash up at the river, and prepare for the next peak.

Hi Carson, Yes, my greed lesson also cost me quite...

2009-03-11T09:01:00.000+08:00

Hi Carson,

Yes, my greed lesson also cost me quite a lot. The stock rose, and gold price drops. The price has come to the support line (890), if it breaks, I’ll cut half of my units. The rest I’ll hold it. There are forecast saying that gold will rise soon in coming days due to the bailout, perhaps it could also be the date you mentioned. As I read some technical analysis indicator, it almost reaches the line and could be bounce back very soon. It seems it was too early for last week to reach the line, so it drops again this week.