Correction In Gold Prices Is Not Over Yet.

Gold price correction is not over yet but if the price drop below USD900 than the price will drop fast to USD865 level. In this time, any buying into gold may stop. Gold price is in seasonality low and USD930 levels successfully defended this week are so important. If we can go another week with those intact, then the correction's worst beating is behind us.

Back to Malaysia, the gold price is still supported by the currency.

Public Bank Gold Investment Account as at 22/06/09 3:51 PM

	Selling Price	Buying Price
1 gram	RM 108.8600	RM 104.6200

Gold Price Did Not Break Through USD940 On The First Try

The gold price did not break through $940 on the first try so it will try a few time again but now it will test the downside of the range.

Public Bank Gold Investment Account as at 18/06/09 3:52 PM

	Selling Price	Buying Price
1 gram	RM 109.2800	RM 105.0300

The Bounce Off USD940 Will Tell Us How Hard And Long The Rest Of This Correction Will Be

Today Gold will surely test USD940 level, but probably won't pierce it on the first try. If not, the bounce off USD940 will tell us how hard and long the rest of this correction will be. As long as the gold price doesn't close below USD926.80, the correction will be short and shallow. If it closes below USD920, 'twill take a little longer.

Back to Malaysia, the gold price still good in position due to some help from currency exchange. Up to date the Public Bank gold price is as below

Gold Investment Account as at 18/06/09 11:50 AM

	Selling Price	Buying Price
1 gram	RM 109.1700	RM 104.9300

I want to share some idea about gold investment, the single most important principle in investing is always invest with, and never against, the primary trend. By primary trend I mean the 5 to 10 year general up ("bull market") or down ("bear market") trend. Never buck the primary trend -- never.

That rule means you must not buy stocks denominated investments, because stocks is locked in bear trends that will continue at least until 2010.

Gold Price Took A Hard Blow But It's Not A Catastrophe Compare Share Market

GOLD's 50 Day Moving Average (DMA) at USD920 may need to be not broken, if this level broken the bull run is ended for gold.

Yesterday Gold price had drop lowest at USD 929.90 with RM104.56 per gram, after that the price bound up again. This is the opportunity to buy in gold, gold price in long team investment will always profitable.



















Gold price now is above RM104 per gram with compare to last year gold only RM95 per gram and if you compare ever year between May to July gold price ( usually gold price is low in season ) you will find that the price keep going up.

I think after this summer gold price will move up to USD1,000 per ounce without look back.Yes the gold price took a hard blow yesterday, but it's not a catastrophe compare share market. Use these low gold price opportunities to buy more.

Public Bank Gold Investment Account as at 16/06/09 3:51 PM

	Selling Price	Buying Price
1 gram	RM 108.5900	RM 104.3600

Gold Price Hits Low Close At USD926.90

The GOLD PRICE took a hard lick yesterday, down 13.20 to close on Comex at USD926.90. Trading in the current market at 928. This is the support area that should have stopped it -- so far so good.

Rising dollar recently (for reasons mysterious) hurts stocks as much as metals. Normally during summer all metals include gold will go lower and base on 10 years data around 13 June every year gold price is in low, but the point is clear: we are near a bottom in time (seasonality).

The gold price might stop here around USD928-USD930, where we spent a week when we were rising, but might also stop at USD920, USD900, or USD890. Right now, USD900 is the lowest I see, but the market speaks every day and did not know what next.

Back to Malaysia, Public Bank Opening is as below:

Gold Investment Account as at 16/06/09 9:21 AM

	Selling Price	Buying Price
1 gram	RM 108.6200	RM 104.3900

Gold Price Likely to End Correction In This Week

Malaysia gold price close at RM105.98 last week, the support line will be at this RM105 per gram level. The hold picture is the gold is in bull run so after this correction gold price will hits new high.

Now at US everyone is saiding this summer may be your last chance to buy gold under USD1,000 and silver under USD16.00.

Public Bank Gold Investment Price

Gold Investment Account as at 12/06/09 3:50 PM

	Selling Price	Buying Price
1 gram	RM 109.9100	RM 105.6100

Malaysia gold price need to hold on in RM 105 per gram

Malaysia gold price need to hold on in RM 105 per gram, if this leave broken Malaysia gold price will drop and this correction to need bull run will be long may be around 2 months.

However, in long term gold price is on the way up. By this year likely the gold price may hits high again.