要錢要命？

piggy3616

SPDR increased its gold holding to another record high again, to 1,209.50 tonnes.

Now, both the gold price and SPDR gold holding, all entered the Era of 1,200!!!

piggy3616

It is a bit pity that gold could not closed above 1,240 yesterday.
But yesterday was a new record high closing already.

piggy3616

Last night, highest was around 1,248..... couldn't break above 1,250...... and the price dropped down quite fast............after 3 a.m........ it couldn't even hold 1,240.... and finally closed at 1,238.6 (according to my chart, at 5 a.m.) This closed was higher than Monday..... but in Candle Stick chart (sorry, not candle light dinner!!!), it was an upward stick, but with upper and lower leg.

Last night, SPDR increased its holding to another record high......

In some financial program, no matter local or Bloomberg, hearing everyone saying gold is rising and is in all time high............some saying gold will rise to 1,280.....1,300....or even more....

Anyway, risk control (set cut loss price) is very important....... as the movement of gold can be US$30+.

saxonwan

good point ....piggy ~~~~~

piggy3616

I have to find my friend............ who is my friend?  Trend!!!

saxonwan

YEAH.....LET`S US FOLLOW The Trend ~~~~~~~~~~

piggy3616

YEAH.....LET`S US FOLLOW The Trend ~~~~~~~~~~
saxonwan 發表於 2010-5-13 08:15 AM

Saxon, just a friendly reminder.........

Last night, gold could not break above 1,250...... and dropped quite fast from 1,24x to 1,23x
From Monday to yesterday, the movement was 1,183 to 1,248..... (65 dollars for 3 days)

As it did not break above 1,250....... some profit taking may happen.....
Those who bought in high price...... may feel scared and they will sell very fast as their orders are bought in high price.

I will 'watch' a while first.

piggy3616

MW801 staffs treated me very well.  Chris, Mr. Yip, Mr. Law....... always answer my phone call patiently.......... I need to earn some more money........otherwise, waste their effort to teach me so much!!!

piggy3616

Last night....... after gold fell down from 1,248..... to 1,243......1,242........I called Mr. Yip and asked if I could buy....... he said NO............

Therefore I didn't buy at 1,242..........
Otherwise, I will feel very scared now..........as now the price is 1,235

The day before, we discussed and he suggested me to buy at 1,227 or 1,228
I said I understood.......but yesterday, finally I didn't buy.........because I saw MW801 commentary, saying the range would be 1,223 to 1,236.  I wanted to wait for 1,223....... and finally missed the chance to earn US$20!

Now my main problem is, I do not have enough capital......... and therefore I not dare to do some trade that I feel insecured........ or hope to buy at 'lowest' price...... and in some cases, I missed the chance............

I didn't lose from Monday to Wednesday........... because I didn't trade!

Well.....my case, should be a negative lesson!!!

Hope you guys are trading more clever than me!

saxonwan

THX YOUR REMIND ~~~ pIGGY  ^.^
I WILL TAKE CARE ~ >.< >.<
if the gold fall down 1232 , i will cut loss