Today the gold is at $750.00
The market will put a brake at $720.00
Will then slide or trade between 700 - 712 for a long while. Because the brakes don't hold.
Freddie.
Quote:
Originally posted by ftfl
Today the gold is at $750.00
The market will put a brake at $720.00
Will then slide or trade between 700 - 712 for a long while. Because the brakes don't hold.
Freddie.
Thank you Freddie,
Can you speculate the time line for this sliding into 720 range, as i was planning to leave canada (india) and before leaving i wanted to purchase some waffers and get it ornaminted back home.
Leaving end of the month.
rgds
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MK
The market is making the adjustments suitable to the demand. As we chat here, the Gold tumbled a few bucks. You have a fair chance to buy at the target price before your departure.
Now it is a time to find a reliable seller for you to buy from him. Since we don't buy them in Kilos, a few bucks on either side will not punch a hole in your pockets. See if he will deliver to you at a price that moves with the market, plus a fixed handling charge.
If I find one, I will pm you.
Will make a diversion towards your place after you settle down, I want to taste the Aavakkaai pickle and Gongura (Chutney.) pacchadi
Will keep in touch. With regards.
Freddie.
Location: God's own country
Posted on: 11-09-08 11:49:08
Quote:
Originally posted by mynameisraj
Hi Tk - Out of sheer curiosity, what is the link between Beijing Olympics and price of Gold? Honestly I am just intrigued...Thanks.
Raj,
As per what the economist's say (and not IMO) :
Since China was hosting the Olympics, the world (esp. the oil market speculators) knew that it would need an incrediable amount of Oil for the event for the events leading up to it. Its manufacturing base would also be in full swing and there will be no let up in the demand for Oil in China (apart from the regular use by India and USa). This led the speculators to pump money into the oil market and push the barrel of oil from $85 to $145. A recent US senator study has shown that 90 biilion US$ was pumped into the Oil market. Oil and gold follow the same route as both are hedges against the US $. With the end of the Olympics, the world knew that now China's requirements for Oil would have dwindled and that it may even suffer a slight setback in growth b'cos all the people involved in the olmpics would now be without a job and thus would take time for the economy to adjust to give them job etc... So money was taken out of the Oil market (and Gold) and put into the US$ which is now at a 1 year high against the Euro. So with the geo political conditions neutral, the Oil price has come down. It is now at around $100. so when Oil price comes down so does Gold.
Olympics was a catalyst to this process.
Hope this helps.
Peace
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I am a Gents and not a Ladies.
Quote:
Originally posted by ftfl
The market is making the adjustments suitable to the demand. As we chat here, the Gold tumbled a few bucks. You have a fair chance to buy at the target price before your departure.
Now it is a time to find a reliable seller for you to buy from him. Since we don't buy them in Kilos, a few bucks on either side will not punch a hole in your pockets. See if he will deliver to you at a price that moves with the market, plus a fixed handling charge.
If I find one, I will pm you.
Will make a diversion towards your place after you settle down, I want to taste the Aavakkaai pickle and Gongura (Chutney.) pacchadi
Will keep in touch. With regards.
Freddie.
Thank you so much Freddie,
Any time you are welcome..i will be sending you the my VOIP no so that you can call me where ever i am.
As far as the Gold, we (couple of my collegues) decided to by 2 bars each (approximate to 15) today before market closes.
We were been quoted around 840 to 850CAD with cash.
Few other friends ordered thru online http://www.newtmint.com" rel="nofollow">LINK where as that is not feasable to me as the current shipping wait time is 2 to 3 months.
Please inform me if you find any other merchants who can give us below 840 CAD today before 3PM
rgds
Madhu
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MK
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call them and find out rate
Location: God's own country
Posted on: 11-09-08 17:21:27
Quote:
Originally posted by mkannuri
As far as the Gold, we (couple of my collegues) decided to by 2 bars each (approximate to 15) today before market closes.
We were been quoted around 840 to 850CAD with cash.
Few other friends ordered thru online http://www.newtmint.com" rel="nofollow">LINK where as that is not feasable to me as the current shipping wait time is 2 to 3 months.
Please inform me if you find any other merchants who can give us below 840 CAD today before 3PM
rgds
Madhu
Madhu,
Today the Gold closed at US$ 745. We have not seen the bottom for Crude oil yet and hence Gold will also follow crude Oil. May be today's closing prices are reflected in the Gold price tomorrow (if at all stock is there).
Some other options are purchasing Gold bars at Dubai (enroute to India. In Dubai you may get a better deal) or buying laptops worth Rs. 25K from Canada / USA and then selling them for Rs. 45K in India (you can carry one laptop free for each adult) and then using the difference in money to buy the Gold bars in India. FYI, in 2006, I exchanged some south african Gold coins (91.6% pure / 22 carat) and some old Jewellery for new jewelery and the Gold shop took them both at the same rate only and the market rate for a gm. of Gold.
Depending upon your choice of purchasing Gold Bars, please do make a suitable decision.
Hope this helps.
Peace
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I am a Gents and not a Ladies.
