Comments on Creating Wealth The Unit Trust Way: #156. Gold Investment And Tetrahedron Update 5

Michael,Thanks for your support too. I will try my...

2009-01-17T11:04:00.000+08:00

Michael,

Thanks for your support too. I will try my best to complete my book as soon as I can. However, I don't want to produce a half-cooked book that has no profound learning in it.

For your information, the book is also a compilation of current charts as it is happening and I will show why I buy and sell at certain points. It will be more detail compares to what is on the blog here.

Caryn, Caryn... I truly understand your eagerness ...

2009-01-17T11:00:00.000+08:00

Caryn, Caryn... I truly understand your eagerness to make money. Haha. That's why I am writing a book on gold investment. To help people understand how to invest profitably.

If you have been able to understand the articles on gold investment in this blog, you should do fine when you get the book. I will try to make it as easy to understand as possible to those without the technical knowledge.

So far, a friend who has no knowledge on technical chart analysis has been able to understand all the charts that I have included in the book.

I make a promise here, if you need further clarification upon reading the book, you are always welcome to email me.

wow really ? moving from 825 to 875 is not enough...

2009-01-17T01:40:00.000+08:00

wow really ? moving from 825 to 875 is not enough ? seems like quite a high overhead investment for single spread.

cann't wait for the downside of DCA other than knowledge. Hope you make it public one day too ...

yea, pls publish your book fast, we all need to earn more at this time of situation.

double request??? Ha Ha

2009-01-17T01:07:00.000+08:00

double request??? Ha Ha

Hi Carson,Heard you're writing a book on gold inve...

2009-01-17T00:09:00.000+08:00

Hi Carson,

Heard you're writing a book on gold investing.

I'm interested in any books that can make me richer, but most books are full of technical analysis, fundamentals and theories that I don't really understand.I'm still learning.

So, how about your book full of analysis too? Please make it simple so that the average Malaysian understand OK.

Hi Carsonheard that you're writing a book on gold ...

2009-01-16T23:58:00.000+08:00

Hi Carson

heard that you're writing a book on gold investing

I am interested in reading any materials that can help me make money.
But most books I read are too difficult to understand. Lots of fundamental, technical and theories.I don't have any background on those subjects.

Are there lots of those stuff in your book? Please make it simple for the ordinary folks like us. OK

analysis and theory

Hello ongkl,Thanks for sharing the information on ...

2009-01-15T17:29:00.000+08:00

Hello ongkl,

Thanks for sharing the information on timingcharts.com.

Let's learn from each other.

Hi Carson,If you need historical chart of gold, yo...

2009-01-15T16:55:00.000+08:00

Hi Carson,

If you need historical chart of gold, you can go to http://www.timingcharts.com/index.php

I found this website pretty useful and have been using it for years. It provides 15 years or more historical chart of most commodities, precious metals, currencies and indexes futures. You can also get the movement of speculators, large and commercial traders from the chart too.

While I am learning the tetrahedron theory from you, maybe you can test the theory on gold price movement for years before 2007 with the help of this website.

I am investing in gold through several vehicles in Singapore. One of them is UOB gold savings accont which is quite similar to Public Bank's. But the price difference between buying & selling is much lower, i.e. S$0.10 per gram only. Administrative charge is 0.12g per month or 0.25% p.a. on the highest balance per month, whichever is higher, and is only charged in the end of each year: http://www.uob.com.sg/personal/investments/treasury/precious_metals.html

I am also writing gold options and trading spot gold through a private bank here.

Cheers

Thanks for your compliment, ongkl. Please help me ...

2009-01-15T13:30:00.000+08:00

Thanks for your compliment, ongkl.

Please help me tell your friends about my blog. I would like to have more readers reading my blog. :-)

So, have you made much profit in gold investment? Where do you invest?

Thanks for these great articles about gold investm...

2009-01-15T11:00:00.000+08:00

Thanks for these great articles about gold investment, Carson.

I have been investing in gold since 2007. The way you use Elliot wave theory coupled with tetrahedron theory to analyse the gold price movement is very impressive.

Hope can learn more from you.

Cheers

Michael,Buying at US$825 would make you lose. At t...

2009-01-15T10:49:00.000+08:00

Michael,
Buying at US$825 would make you lose. At the time I am writing this. The price is at US$809.

Even if you buy at 825 and sell at 875, that's only about 6% difference. Don't forget that you have to pay the difference in buying and selling spread. Public Bank's price difference is already over 4%.

I believe my coming book will explain things quite sufficiently on analysing the right timing to buy and sell. I have reserved a lot of the knowledge to be put into the book instead of posting it here on my blog. (Not profitable for me to do so here. Hehe.)

In my book, I have also allocated a small part on Dollar Cost Averaging (DCA). It will explain why you may still lose money in the short term (1 year).

Investing is to make money. If it loses money, we should find a better way to invest.

seems like could have bought at 825 and profit tak...

2009-01-15T09:31:00.000+08:00

seems like could have bought at 825 and profit take at 875, could that be correct ?

http://klsmi.com/gold14012009.png

for those who don't know other techniques, DCA is the least they can do with ease. for those who know other better techniques, they shouldn't forget about DCA neither. should keep DCA until other method's return rate is higher and safer at the same time. I still keep my DCA as my safety net while I fool around with all kind of techniques out there ...

i prefer attending seminar and see u in action, if without that, ebook is fine too :D After reading ebook and its a great book, then I buy hard copy to keep.