Posted by GooShem > 2020-03-12 20:35 | Report Abuse

market so bad gold price 2k also useless as no people will buy gold hahahahaha

Posted by mf > 2020-03-12 20:35 | Report Abuse

LONDON (Reuters) - Oil prices fell on Thursday following surprise travel restrictions imposed by U.S. President Donald Trump in an attempt to halt the spread of coronavirus after the World Health Organization described the outbreak as a pandemic.

The slump in oil is being compounded by the threat of a flood of cheap supply after Saudi Arabia and United Arab Emirates said they would raise output in a standoff with Russia.

Posted by dasm1284 > 2020-03-13 09:48 | Report Abuse

QR coming out next week. will be interesting

Posted by Robinson > 2020-03-13 10:12 | Report Abuse

lol. gooshem is right ... market like shit who will go buy gold in retail shop... unless those who marry soon. you should trade the gold price instead ....

Posted by foreverchung > 2020-03-13 17:10 | Report Abuse

Just to point out that there are other ways of selling, i.e. Bullion in trade.

Posted by wilsonchan87 > 2020-03-17 17:29 | Report Abuse

Q result out and improved

Posted by GooShem > 2020-03-18 20:15 | Report Abuse

fu cn yh really wtf lol.

Posted by lwyy60 > 2020-03-19 13:23 | Report Abuse

Guys, i unload when da last surge, i thought it is Cheap below 40cent. But Look around, thr alot other share Like this. Hopefully not much share from KLSE become 仙股。

Posted by lwyy60 > 2020-03-19 13:23 | Report Abuse

Good luck all.

Posted by wilsonchan87 > 2020-03-25 11:00 | Report Abuse

physical stock for gold silver bar worldwide seriously shortage.

Posted by MrXYZ > 2020-03-26 10:27 | Report Abuse

Go go poh Kong..up 30%

Posted by foreverchung > 2020-04-07 14:45 | Report Abuse

Good volume today!

Posted by Invest_888 > 2020-04-07 17:02 | Report Abuse

Gold price was USD730 per ounce in OCT2008 when the financial crisis occurred, world wide goverments or central banks keep on printing money to save economy, gold price was increased to USD1800. History repeat, due to covid-19 world wide crisis, almost all country economies shut down, world wide goverments or central banks keep on printing money(or issue government bond) and almost with zero interest rate. Many experts predict gold price will be increased to around USD3000 per ounce.

Posted by MrXYZ > 2020-04-08 07:42 | Report Abuse

Gold will be a king after this...poh Kong please fly to the moon...hahahaha

Posted by SmartGuy123 > 2020-04-09 21:49 | Report Abuse

Gold now 1683 nearly 1700 ! , seems like nobody interested this counter !

Posted by enigmatic ¯\_(ツ)_/¯ > 2020-04-09 21:53 | Report Abuse

My friend said when gold price is high, fewer people buy gold jewellery

Posted by SmartGuy123 > 2020-04-10 07:43 | Report Abuse

Wow, Gold price record new high ! Huat Ah !

Posted by Invest_888 > 2020-04-10 09:39 | Report Abuse

Gold price increases and holds at least USD1700 per ounce. One more, Malaysia Ringgit, RM is weak against USD dollar. This means 2 ways increase for gold in Malaysia. World wide countries and governments still pledge for additional printing money/ government bonds to ease the covid-19 induced economy crisis. Physical gold can't be printed. Therefore, gold can maintain its value.

Posted by Uncle_market > 2020-04-10 10:34 | Report Abuse

Let buy gold in cheap today

Posted by pang72 > 2020-04-11 23:55 | Report Abuse

only gold can safe us!

Posted by apolloang > 2020-04-12 00:02 | Report Abuse

only FIFA 20 can save us....ok goodnite i3,welcome FIFA 20

Posted by mamakspecial > 2020-04-12 11:12 | Report Abuse

TRADE GOLD WITH UOB BANK..TRADE SILVER WITH MAYBANK...UOB SPREAD LESSER...SILVER ONLY OPTION IS WITH MAYBANK..HAHAHA...

BUY GOLD ITSELF..NOT JEWELRY GOLD...DIFFERENT THING

Posted by stingray_ea > 2020-04-13 11:50 | Report Abuse

jump jump jump up

Posted by zhangliang > 2020-04-13 15:30 | Report Abuse

PK revenue almost RM1B every yr, but mkt cap now oni 400+ mil. NTA 1.38. Gold price 1740 per ounce. Wat r u waitin 4? Safe counter

Posted by ipannapi > 2020-04-14 09:24 | Report Abuse

poh kong vs tomei?

Posted by minde008 > 2020-04-14 09:24 | Report Abuse

Dear Sifu, PK TP is how much ya?

Posted by SuperPanda > 2020-04-14 09:38 | Report Abuse

have both tomei and pk, bought 2 days ago, tomei higher uptrend but low vol, pk slower uptrend high vol

Posted by SuperPanda > 2020-04-14 09:40 | Report Abuse

if recession data become obvious and market react, gold price will go higher

Posted by foreverchung > 2020-04-14 09:46 | Report Abuse

Have been holding PohKong ever since. I would say I agree with @SuperPanda, Tomei has higher uptrend, but lower volume, so abit harder to sell off; Pohkong has lower uptrend, but higher volume, easier to sell.

Personally I prefer Pohkong, although I was holding Tomei and Pohkong between these, but I sold off Tomei cuz I felt that its abit harder for me to convert my paper profit to actual profit.

Posted by minde008 > 2020-04-14 10:15 | Report Abuse

spot gold hit 1778 already.

Posted by drteh84 > 2020-04-14 10:21 | Report Abuse

i dont understand why people keep throwing. gold price is USD 1722 now

Posted by foreverchung > 2020-04-14 10:40 | Report Abuse

People wanna take profit. Some held roughly at 0.4/share, now 0.49 its quite healthy for them so they throw.

Whereas for some others like me, I hold cuz I know it will go further than this. :)

Posted by SuperPanda > 2020-04-14 11:43 | Report Abuse

gold price is attach to us dollars, when dollars depreciate, gold price appreciate.. when dollars is strong, gold will be cheap

the bet here is dollars going to depreciate bcoz the large amount of usd in market

Posted by stingray_ea > 2020-04-14 12:19 | Report Abuse

hop hop hop up.....up.....up.....up....

Posted by Invest_888 > 2020-04-14 23:13 | Report Abuse

USD TO MYR: 1 US DOLLAR = RM4.33.
RM is not up against Dollar, in other words, USD is slightly firm against RM now.
Due to over USD printing by US federal reserve, gold up significant against USD because gold can't be printed. World wide governments, investment firms and rich people recognize Gold can hedge against all types of crises and inflation.

Now, the more USD(even euro, Japanese yen, renminbi and etc) printing/government bonds the more the gold price can increase. As a matter of fact, US federal reserve can pay back all its debt by printing money and just pay it as long as US owe others in USD.

GOLD power is crazy!!!. 1 ounce of gold can go up to USD3000 in 1 year if crises remain

Posted by BursaFollower > 2020-04-15 00:11 | Report Abuse

now following MCO all businesses must close. even there is a hike in gold price, poh kong still cannot do sales.

Posted by foreverchung > 2020-04-15 09:46 | Report Abuse

@BursaFollower, I think they are hedging on these few points below, but feel free to comment and let me know what you think. Perhaps we can discuss more points to learn.

1. The economy / market has not really seen the true bottom yet, now is just the euphoria of all the QE's and liquid injection done by the government.

2. Gold will only head upwards when compared to last 5 years graph. In any circumstances, gold gains, USD weakens, good for gold.

3. Once the dust of the Covid19 settles and market turns into recession, gold will be the focus point cuz banks / companies start to hold gold bullion, which is one of PohKong's trades.

4. PohKong technically can't do physical store sales, but right now they can focus on lower cost products to be sold online.

I get that younger people tend to ignore gold at the moment, but they could be gravely wrong. Like it or not gold still exists in physical form, and it has been the benchmark for currencies since hundred of years ago. But again, times change, greed does not.

Posted by zhangliang > 2020-04-16 14:17 | Report Abuse

Agree wit foreverchung, gud analysis

Posted by Will76 > 2020-04-20 09:37 | Report Abuse

Breaking News from CNBC

Gold fell as much as 2% on Friday after President Donald Trump’s new guidelines to re-open the U.S. economy and encouraging early data related to a potential COVID-19 treatment drove investors towards riskier assets.

Spot gold was down 1.7% at $1,689.22 an ounce, more than $60 lower than the 7-1/2 peak hit earlier this week on concerns over the worst recession in decades.

Posted by foreverchung > 2020-04-20 12:44 | Report Abuse

To me it sounds like a temporary Euphoria. We all knows that there are no hiding from the fact that the world economy now is hanging on a thread, anytime can go into full blown recession. Covid19 will be the catalyst. While the news are reporting these, I see different thing happen as more and more people are hoarding gold especially rich fellas.

Watch out. The Euphoria of QE and rumors may die down soon as o&g might be the first sector to collapse. And then the chain reaction will begin and perpetuate to other segments.

Posted by ks55 > 2020-04-20 12:56 | Report Abuse

WTI down to $15, and proceed to $10 all the way.
Gold $50k per kg, all the way to $ 1m.
FED QE after QE, then proceed to unlimited QE.
FED is buying up junk bonds issued by Boeing, Exxon, etc.
It is even more toxic than TARP.

It is safe to park your money in Poh Kong.
Under MCO, Poh Kong not opening up for business, but gold bullion in its safe/ strongroom appreciates regardless workers stay at home or not.
You will see value of its inventory balloon sky high........

Posted by Artane > 2020-04-20 18:07 | Report Abuse

Poh kong break previousbresistance 0.505 next target 0.57, 0.6 is not a dream by end of this april 2020

Posted by alvin5588 > 2020-04-20 19:28 | Report Abuse

https://www.theedgemarkets.com/article/covid19-hurt-current-and-future-demand-gold?fbclid=IwAR3c-j4XOYcZzB1uMFvl8S8Zqayaz3Q62m6rp1U7KNXUqQMDMcLsFaL5-EY

Posted by AAAwell > 2020-04-21 12:15 | Report Abuse

It's gonna shoot up strongly!!

Posted by AAAwell > 2020-04-21 14:25 | Report Abuse

Al in gold price going up

Posted by BigDaddyCool > 2020-04-22 18:59 | Report Abuse

https://www.fxempire.com/forecasts/article/price-of-gold-fundamental-daily-forecast-boa-analysts-build-case-for-3000-gold-645312

Posted by BigDaddyCool > 2020-04-22 21:09 | Report Abuse

Price will emerged as new high 0.60.Next Resistance 0.70

Posted by Invest_888 > 2020-04-24 12:22 | Report Abuse

Gold price will be around USD3000 per ounce in one year time. Paper money never beats gold against inflation in human history.

Posted by MrXYZ > 2020-04-27 17:59 | Report Abuse

Gold price still intact... pohkong should goreng starting tomorrow...

Posted by Mike Jcy > 2020-04-27 18:55 | Report Abuse

Will going soon....watch it....