Nicholas M Ong

oh boy, seems like my previous post “13DailyPro, AlienTrust, CompactSurfing & the Price of Gold (E-Gold)” drew quite a fair bit of attention huh? the 1st 2 persons who decided to link back to me on their personal blogs was Bruiser & DrunkOnLife. Dolphin (note her new blog URL and bookmark it!) & InvestmentBlues did the same today. man i love link backs. well who doesn’t? ok so here’s the deal. i know sometimes i update this blog like once or twice a week. then again, i’ve ever posted like 5 articles in a day. so in case you’ll like to link back to a particular post, just right click on the title of that post and copy the link. it should read something like “http://surfadsinc.com/blog/?p=10“.

ok, the price of gold is still falling. in fact, i felt the effects of it yesterday morning 1st hand. i lost slightly more USD$22.00 worth of E-Gold in a span of 15 minutes. no, my account wasn’t hacked or anything like that. the gold was right there. see i was looking around during that 15 minutes figuring out where next to upgrade. by the time i had decided, the price of gold had dipped even further. all in just 15 minutes. i’m very sure that anyone of the surf sites out there with gold sitting in their E-Gold accounts would have lost way more than that in the same time span of 15 mins. i had about USD$1,200.00 in there. can you imagine a surf site that has USD$120,000.00 in there? oh boy. well i did sell off some of my gold.

so now what? well, go figure that one out ok? received quite a few emails yesterday. mostly were from my readers asking me which were the sites taking the VirtualMoney card. well, to name a few, AlienTrust (10% daily), NowDollar (9% daily) and WebHitsDaily (% varies) are the current ones i’m in. i ordered my VirtualMoney card from AlienTrust. paid like $29.95 for it from my account balance. so it wasn’t all that much of a pinch to me. good news is Deana at WebHitsDaily is currently running a promotion if you order the cards from them. here’s what you get.

1. receive $3.00 rebate ($29.95 = $26.95)

2. $15.00 worth of advertising at WebHitsDaily

3. 500 site credits at WebHitsDaily

4. 100 webclix at WebHitsDaily

this offer is good till the 31st June 2006. so if you haven’t got your card yet, it’s a fabulous deal. here’s how to get your VirtualMoney card.

1. send an email to Deana at this address.

2. indicate your method of payment. (WebHitsDaily account balance, E-Gold, AlertPay or UniClear)

3. indicate your details. (Name, Address, Phone Number & Date of Birth).

4. indicate your referrer (referred by SurfBoard)

oh ya, step 4 is optional. but if you’d like to thank me in kind, i really wouldn’t mind. LOL! ok, just kidding. anyway, i’ve included a link to “Historical Gold Charts” provided by Kitco on the sidebar. and yes you’ve guessed it. the gold registered a seventh-session loss yesterday (Wednesday) go read this article by CBS’s MarketWatch dated 16:29 hrs ET 14th June 2006. remember i said the price of gold had plummeted from an all time high of 17 years to where it is now in just 4 weeks? i was wrong. not 17 years. 26 years!

“The plunge was so severe Tuesday that some analysts said the commodities rally that sent gold to a 26-year high above $730 an ounce in May was over…”

“Gold’s pullback from its May high was caused partly by the volatility in the metal’s price, which reduced wealth-preservation demand for it, said Tang. At the same time, rising interest rates — last week alone, the European Central Bank, India, South Korea, Turkey, Denmark and South Africa all raised rates — have reduced demand for gold as an inflation hedge”

another interesting read would be “Gold owners dismiss price distress” on miningmx

“SOUTH African gold company owners remained bullish in the face of a $35/oz decline in the gold price on Tuesday saying that the correction wasn’t yet heavy enough to reverse the bull market.”

“Gold futures fell $35/oz while the dollar continued to strengthen against the yen on expectations US interest rates are headed higher, sapping demand for the precious metal, reported MarketWatch.”

this paragraph in particular caught my attention.

“Watchorn sounded a note of caution. “If the gold price drops below $550/oz, the bull trend would be reversed….”"

i think what he meant to say was if it fell below USD$550.00 per ounce, we can expect it to keep going down for quite a bit. there’s a LIVE chart on the price of gold provided by Kitco on the sidebar. last check, the current price of gold is at USD$558.80. it dipped below USD$555.00 in the last 6 hours. climbed a little and is dipping yet again. or it’s gonna stabilize for the weekend? wanna make a bet if it falls below $530.00 tomorrow? scary stuff huh? anyone out there has a zillion bucks sitting around? go buy some gold ok? i’m sure many of us will be very thankful when you do that. that should jack up the price of gold for a bit.