RANDGOLD

Hi Not just anytrader,

If you want to buy gold bars, I know few jewwllers who buys in wholesale.. I buy from them too .. where I can get cheaper than actual gold price.. let me know

ta
G

Hi Not just anytrader,I bought it from www.goldmadesimple.com/

You can buy with current market price which is updated every seconds.

managed to get mine at $1287, only because I was watching the price.

ta
G

hi paitech if you don't mind me asking where and how are you buying the bars from ?

I think the demand for physical gold will be still there... so I am buying gold bars now, bought this morning when the price dipped to sub 1290$.

I know, the gold may go down further, but I wont mind buying and holding some bars.

ta
G

I'd echo Remo's sentiments there too...

From a real-world (not quite fundementals!) viewpoint, the gold miners are in a tough position, and here's why:

The cost of production, whilst varying for different companies, was around $1280ish per ounce last year. Having reviewed various research notes, it looks like the production costs of an ounce sit between $1000-$1280. You can pretty much set the floor to $1140 if you like!

Some miners like Barrick, can produce an ounce at less than $500 (lucky them!), but this is more of an exception to the rule.

Before entering any gold mining plays, I'd pay close attention to the price of Gold right now. Granted, we all have differing points of view as to what is going there (personally, I think the downward move is false, but anyway!).

I'll be heading over to the gold thread (excuse the pun), to put up a chart or two later this afternoon!

Meanwhile, good luck traders and share-investors. For the latter, I feel and share your pain.

This ones broken through the support.
Id avoid for the time being as this has been breaking all the supports. This one requires wide stops so best to avoid.This had a recent 123 low formation but that failed.So longs are risky again.



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