Bursa Malaysia (KLSE) Daily Info Edge Zone

Money Is Flowing Out From Share Market To Gold

Durian Edge
Publish date: Thu, 11 Aug 2011, 09:42 AM
Durian Edge
0 1,080
Malaysia Forex | KLSE Index | FTSE KLCI | Bursa Malaysia | MayBank Forex | Malaysia Stock Trading | Malaysia Share


















Yesterday a small technical rebound is really not a good sign in share market. Base on world share market, money is flowing out from share market to gold! Gold price just hits USD1,800 per oz and just in less than 2 week Gold price up USD100 5.88% it was better that in FD.

Base on the FBM KLCI index yesterday, it show that investor is not going to invest more in share even the price had deep more than 10% and I think this event will continues for a week till US government do something about it.
Discussions
Be the first to like this. Showing 2 of 2 comments

cmlooi

Gold Bubble

2011-08-11 12:12

stephenlee

Gold bubble will not occured as long as there are uncertainties in this world....politically, economically, civil war and etc., In July 2011 there is an article (Gold Publication) forcasting that Gold shall touch USD 3,000 in the near future. Haha.....your guess is as good as mine.

2011-08-12 00:55

Post a Comment