My Trading Adventure

Gold and Silver : In correction?

CP TEH
Publish date: Sat, 24 Sep 2011, 12:37 AM
CP TEH
0 2,918
All the writings in this weblog are mainly for PLEASURE reading purposes. I am in NO position to recommend a call(BUY/SELL). Please check with those know-hows before you make a decision. Yes, I am just a learner, with only five years experiences in KLSE. So, please BEAR with me.
It is 12.30 am ... I just came back from my cohort-2. Quite disappointed with the turn-out again as I was expecting 9 of them(if all in list turn up, it will be 11) but ONLY 6 of them turn-up.

Trading Class

The turnout of the class could be an indicator that market is BAD and many are losing money. Well, I will am going to combine the two cohorts, then if everyone turn-up, it could be too many of them then. So, it is really difficult to please everyone when it comes to time.

So, I will like to thank those attended tonight. Well, at least I have a rough idea who is really interested to learn and who is not. Yes, I will want to keep those serious and keen ones, while slowly seeing those less interested ones to drop from the classes. This is a long marathon. The indicators may not be used at the moment, all down down down  ... and I will keep reminding many NOT to move into markets at the point of time.

1.05 am : GOLD at 1645 level now, dropping almost USD300 from the peak at 1920 level. Silver is at 31 level now. Is this a mere correction or they are no longer precious?

GLD going below USD160(losing 6%) and SILV going below USD30(losing 14%)

8.10 am : DOW up slightly. I will have classes from 10am till night today!!

11 pm : Just done with my 'gold talk' with 5 of my turtles. Yes, I give a talk about GOLD. Haha ... err ... who am I to share about gold, right? Well, again ... I am cheap-talker ma ... I charge RM40 per head only, ok? And these are few people who trusted me. So, of coz I will make sure I give right information and letting them to know about the RISK.
TEH
More articles on My Trading Adventure
Updates on ABMB and AirAsia

Created by CP TEH | Oct 15, 2019

Waterfall : LKL

Created by CP TEH | Oct 06, 2019

Oct 2nd : DOW minus 343

Created by CP TEH | Oct 02, 2019

23rd Sept : One week to go

Created by CP TEH | Sep 23, 2019

Formula for success

Created by CP TEH | Sep 18, 2019

Steps to be 'successful'

Created by CP TEH | Sep 17, 2019

Discussions
Be the first to like this. Showing 3 of 3 comments

patience

hedge fund forced sell their position or take profit to cover redemption and cash calls on losses in equity, commodity and currency speculation !

2011-09-24 07:42

carries

Gold already predicted to drop to USD1500-1600 and then surge back to USD2000-2200 by year end.

Bloomberg interviewed some analysts and that was what they predicted.
But i would take that prediction with "a pinch of salt" ......

2011-09-24 10:02

WONGTONGGUAN

beware of gold price against deflation. especially in months to come.

2011-09-24 10:16

Post a Comment