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CK Choy.

Market Sense 市场意识: Gold : The analysis
Be decisive, Be patient, Don’t be greedy, Don't be stubborn

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The information contained in is provided to you for general information/circulation only and is not intended to nor will it create/induce the creation of any binding legal relations. The information or opinions provided do not constitute investment advice, a recommendation, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on this information. Investments are subject to investment risks including possible loss of the principal amount invested. The value of the product and the income from them may fall as well as rise.

You should seek advice from a financial adviser regarding the suitability of the investment products mentioned, taking into account your specific investment objectives, financial situation or particular needs, before making a commitment to purchase the investment product. In the event that you choose not to obtain advice from a financial adviser, you should assess and consider whether the investment product is suitable for you before proceeding to invest.

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Note:
All TA (Technical Analysis) view using charts are for illustration purpose only.
Unless otherwise specified, all charts' sources are from POEMS(Phillip Online Electronic Mart System)

Sunday 16 June 2013

Gold : The analysis

It is Sunday morning ... Happy Father's Day to many great fathers out there. I wish to be a great father to my kids too. Yeah!!

Ok, this morning I will share what in my mind ... to buy into 'gold' related ETF or mining stocks. See how far I could focus to give some idea.



Gold : Taken from www.kitco.com, a one-year chart ... gold hit USD1800 (in Malaysia, Gold was trading above RM200 for 999) and current at USD1400.



GLD : This is an US-ETF tracking the prices of gold. Hit USD180 at Sept 2011(when markets corrected sharply) and at USD170 last Sept 2012. At USD135 levels now ... one may check IAU too, which was at a high of USD18.5(sept 2011) but at USD13.5 currently.





GLD (code O87) : This is traded in SGX ... but in USD. We are still in the strong downtrend.


HKSE (code 2840) : So the similar chart shown by this ETF, traded in HKSE.



ZhaoJin(code 1818) : Gold mining stocks are much more riskier ... and it can be seen in this gold-mining counter traded in HKSE. Incredible dive ... was at HKD18 high ... hit the low at HKD6.59, closed at HKD6.75 last Friday.

KLSE : There is no gold ETF traded in KLSE ... only one GLD-c4, a call-warrant trading at HALF cent, so it could not go lower? Punt into her, exit at ONE cent, that will be 100% profit, yeah? Sure? Call-warrants do have expiring date and if Gold not receovering any sooner, this call-warrant will be obsolete, means ... we will lose everything(very likely). How about SLV-cw ... which tracking the SLV-etf ... as silver-etf, tracking prices of silver? To me, these call-warrants can't be traded.

Will gold rebound soon, since Sept is nearing? Will stock dive again ... as Sept is nearing ... again?

Will write the updates ... in SEPT again.

Happy Day ahead, fathers.

TEH
Posted by ckchoy77 at 18:10
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