GOLD Price completely confused this few days. Instead of following through on the downside, it rose strongly. The gold price led with a USD13.90 rise to USD941.00, very strong but not quite clean through the resistance area. Without contrary evidence, gold appears to have bottomed. Unless the gold price closes below USD928, that has to be the operating theory.
At this point, there is no clear direction on gold. Be forearmed for anything, knowing that whatever trick they pull, it cannot for long suppress and speculate the metals.
Public Bank Gold Investment Account as at 02/07/09 9:21 AM
| Selling Price | Buying Price | |
| 1 gram | RM 108.7200 | RM 104.4600 |
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