One of them, a businessman jewelry store, named Idrus. He continued his father's business since the 60's first in business with such a large profit.
"Trading is very nice gemstone prospects. Processing stones into jewelry is very beautiful, able to attract the eyes of buyers who come to shop, "Idrus said when met at the mall SH Happy Earth Light (CBS), in Martapura, Wednesday (13 / 8).
In 1998, his parents Idrus given capital to unlock the gemstone business by opening new branches. At that time, he said, to get a lot kiosk at CBS should make up USD 28.5 million. Initial capital expenditure of any pioneering effort, the father spend quite a lot, amounting to Rp 200 million.
Idrus said his father wanted his children to continue gem trading business for generations. Practical course, almost all of his extended family became the jewel in Martapura merchants.
Now, who previously pioneered gem shop his father, already has three branches. Gem Shop Biduri three branches located in shopping malls Light Good Earth, and one store that kept her father's Permata Biduri in Martapura Plaza.
"Each month, the store could achieve a turnover of up to Rp 30 million," he said. However, if the holiday turnover could reach Rp 50 million. "The holiday season, shoppers are very many, and mostly come from Jakarta. However, local buyers and foreign tourists were there to buy, "he said again.
In the early pioneering, Idrus 10 craftsmen mobilized to help in processing and designing the gem trade. Their raw material comes from Jakarta or any stone seller who came to the store. "Usually foreign sellers are from India," he said.
Now, Idrus no longer have the craftsmen, because it is adept at working alone and the direct purchase of accessories that will be sold. He believes the process is not much different. Examples of it sells gems, emeralds, amethyst, and sapphire are purchased from sellers who come from abroad. For lower-quality sapphires, he said, he bought at a price of Rp 30 million / kg, and for top quality could reach Rp 5 million / fruit.
Idrus sells gem stones with varied prices, ranging from the hundreds of thousands to hundreds of millions of dollars. However, the most expensive berlianlah. "A ring encrusted with diamonds which had been tied with the least expensive 18-karat gold worth USD 500,000. The more diamonds, of the more expensive, "he said. In fact, there is a reach USD 100 million.
Sorcerer's Stone Among the gems and rocks accessories sold at stores owned Biduri Idrus, SH interested in one collection of bracelets made of stone Pukaha. According to Idrus, Pukaha came from Mecca, but rubbed in Indonesia.
"Pukaha believed to have magical powers to heal diseases and cast out spirits. Well, believe it or not, but pretty much buy it, "he said. Pukaha used for bracelets sold for Rp 10,000, while there are also formed beads. "For the beads, the price depends on the size of the seeds of stone used. Rates from USD 50-250000, "he explained.
However, he not infrequently also the creation itself according to customer desires. "Prospects are very good gem business and seductive. Evidently, increasing store turnover every year, "he said. Business is very lucrative gemstone, diamond with a small size could reach hundreds of millions of dollars
(Http://www.sinarharapan.co.id)
Many people must have wondered why gold prices suddenly fell significantly. What causes this to happen? Some of you probably already know why, but here are two factors causing the decline in gold prices that our analysis.
1. U.S. Federal Reserve
U.S. Central Bank, or better known as the Federal Reserve, issued a policy called "Operation Twist". This policy is to sell U.S. debt (bonds) with maturities short, and receipts funds to buy bonds with maturities of long (10 years or more).
Well, the important of Operation Twist is its effect to the market. As a result of the sale of debt securities with maturities of these short, then the interest rate of short-term debt is a rising and promising enough for the hedge funds / mutual funds that manage large funds.
2. Mutual Fund, Hedge Fund and panic in the Market
Mutual Fund and Hedge Fund (firms or individuals whose job it is to manage investment funds from investors in large numbers) simultaneously switched to chasing short-term debt that is described in America's first points. Debt of a country regarded as an investment for a profit the most secure in the midst of the crisis that hit the euro and the declining performance of China. State which issued debentures can print money to pay the debt / interest of debentures previously issued. In this case, America is known as the country's most secure currency (safe haven). U.S. Dollar is the currency that can be used almost worldwide.
As a result of poaching debt, then the mutual funds and hedge funds are abuzz move his funds to buy such debt. They use these funds is to sell an investment instrument that previously they hold. Gold and stocks that they hold before finally sold and the funds used to buy American debt. Simultaneously they also can be said to profit-taking.
When the above happens, then the gold market will drop significantly, and the results are cause and effect chain panic among hedge funds and other investors. The result is an act of "sell-off" (a massive selloff).
Trader's View
Previously we had reported that the market index fell around the world, and this time gold and oil commodities also fell. Broadly speaking, in the short term there is no "hiding place" the safest of debt securities other than American.
For traders, a market rise or fall may not be a hindrance to achieve a profit. But always be guided by the law of risk and reward is a wise way of trading.
READ MORE - Why Gold prices drop lately?
Gold futures closed down on Thursday after struggling between small gains and losses, as investors welcomed news that German lawmakers chose to increase the size and flexibility of the European rescue fund.
Gold for December delivery fell 80 cents, or 0.1%, at $ 1,617.30 on the Comex division of the New York Mercantile Exchange. Gold among traded lower than $ 1.585 and higher than $ 1,637.90.
"One of gold short-term problem is the reduced inflationary expectations and higher yields than stocks," said Richard Hastings strategic macro in the Global Hunter Securities.
Contract in December silver rose 39 cents, or 1.3%, to $ 30,522 per ounce, after falling 4.5% in the previous season. Copper for December delivery closed at a price that is almost flat, at $ 3,246 per pound, after falling 5.6% in the previous season. Slow the development of China, the number of buyers of copper, making copper prices declined this month, according to analysts.
"China is a market-moving wheels of copper," said Frank Lesh, broker and futures analyst at Future Path Trading. "If they buy, we go up, and if they do not buy, we go down, and now, they do not buy."
Meanwhile, October platinum fell $ 5.90, or 0.4%, to $ 1,528.30 an ounce. December palladium declined $ 11.15, or 1.8%, to $ 623.60 an ounce.
Movement in the metal as the dollar is losing the fight against major currencies, including Euro rise by 0.8% to $ 1.3648, after policy makers in Germany chose to raise the European Financial Stability Facility-Eurozone rescue fund.
Dow Jones Industrial Average rose 21 points, or 0.2%, to 11,032. Dollar index fell to 77.65 from 77,995 on Wednesday.
And also on Thursday, penginspeksi team from the European Commission, European Central Bank and the International Monetary Fund will return to Athens in order to assess whether Greece will accept the next round of international aid funds.
Analysts from Deutsche Bank said on Thursday that, in terms of precious metals, they believe that gold will become the main reference in an unstable macroeconomic environment.
In particular, Deutsche Bank noted that the fading demand for physical gold trading exchange-traded fund is a sign of a possibility "that the desire of investors to gold might be reaching saturation point."
Importantly, no serious technical damage has ever inflicted on gold and unexpected downside price correction after the price has risen about $ 300.00 in August. However, the size of the sell one on Wednesday became the eye-opener. December gold last traded down $ 103.00 to $ 1,758.00 an ounce. Spot gold last traded down $ 75.20 per ounce at $ 1,754.50. Silver Comex December last traded down $ 2.99 at $ 39.34 per ounce.
Gold traders decided to take profits after Tuesday's pushing prices to new record high of $ 1,917.90 an ounce, basis December futures contract activity. Sharp losses Tuesday seemed daunting to the rise in the gold market and lead to more selling pressure on Wednesday. Although no serious damage occurred on the charts Wednesday, the gold market is very likely psychologically damaged by banayknya sales. Thus, the rise in the gold market needs to improve and demonstrate the power of fresh immediately to avoid short-term technical damage that seriously.
However, if recent history is kept out, investors and traders will be at some point, Äúmembeli when down, Äù prices, their calculations to buy when cheap. Tapihel it has not shown the courage to go in and buy when the price of gold fell $ 100.00 per ounce in one day.
This week the Federal Reserve Symposium in Jackson Hole, Wyoming attract the attention of traders and investors. It happened at the event last year in Jackson Hole where Fed Chairman Ben Bernanke announced new U.S. economic stimulus package. Given the weak U.S. economic data, some feel the Fed will announce another monetary stimulus measures in this year's meeting (QE3).
Bernanke is scheduled to give a speech in Jackson Hole on Friday. However, no clear consensus on what Bernanke will elaborate on the new stimulus plan on Friday it. However, most commodity markets are still supported and the U.S. dollar index is depressed at the idea this week by the trader would be considerations of U.S. monetary policy stimulus that comes at some point.
Anticipation of Bernanke's speech Friday about Jackson Hole has been temporarily put aside the issue of debt crisis of the European Union. But the debt crisis of the European Union's ongoing gold bull market still make. Greek bond yields have reached record highs this week. There is a growing notion among economists and analysts that the EU can not, in the present circumstances, survive the debt crisis. Debt crisis of the European Union will remain an underlying bullish factor for gold.
The U.S. dollar index traded mixed and more strongly in late trading Wednesday. Trading near their lowest price recently. Greenback decline has a strong advantage in the short-term technical seluru. It is also a bullish factor for the precious metal.
Crude oil prices traded near a stable value on Wednesday. Crude oil rose again this week and get a little profit from Technical opposite momentum. Crude oil market will continue to be major, Äúpasar out, Äù and applies to precious metals.
P.M. London gold for repairs was $ 1,770.00 versus the previous PM repairs of $ 1,876.00.
Technically, the price of gold for December closed near the session low for the day Wednesday, and seen some of the psychological damage inflicted, although there has been no serious damage on the chart for now. There is a strong penyusulan to pressure sales for the day Wednesday after sharp losses on Tuesday, and a, Äúkunci reversal, a large bearish Äù, Äù which confirmed on daily charts, where one of the early technical clue that shows that the market top has been present .
Although it should be noted that twice in this month under a bearish key reversal has occurred on the daily bar chart and prices continue to print to new highs, the size of a key reversal and make it more powerful than others. Bullish on gold still has technical advantages for the overall short and long term, but it needs to be advanced at this time and showed new strength to keep the advantage of short-term charts.
Bulls can rightly argue that there are steps a major daily recently, and several major daily correction to the downside should be no surprise. Prices are still in an uptrend 6.5 in the daily bar chart and the 10-year uptrend in the monthly chart. Next Bulls, Äôdekat-technical term upside objective is to generate psychological resistance at $ 1,800.00. Next bearish near-term goals. There are weaknesses in the closing prices below the price of solid technical support at $ 1,725.00. The first resistance seen at $ 1,775.00 and then at $ 1,800.00. The first support seen at $ 1,750.00 and then at $ 1,725.00. Wyckoff Market Rating: 7.0.
December silver futures closed near the lowest price for a session Wednesday on profit-taking and long liquidation. Bulls faded on Wednesday but there was no serious damage occurred graphs. Bulls need to immediately show fresh strength to avoid damage to near-term chart. Bullish silver still have the near-term benefits for the overall technical. The next upside price bullish objektive produced close above solid technical resistance at this week and high of $ 44.295 an ounce.
Breakout price objective for the next weak bearish closing prices below solid technical support at $ 37.055 in August. The first resistance seen at $ 40.00 and then at $ 40.50. The next support seen at $ 39.00 and then at $ 38.50. Wyckoff Market Rating: 6.0.
Mrs Copper for December closed up 10 cents to 401.55 points on Wednesday. Prices closed near mid-range. Trade turns choppy. Large bearish pennant pattern still in the daily bar chart. However, the downside breakout must occur immediately or pattern will be negated.
Copper still has the advantage of near-term bearish overall technical. Next to a bullish upside, Äòtujuan breakout is pushing and closing prices above solid technical resistance at 410.00 cents.
The next weak price objective for the bearish breakout that have closing prices below solid technical support low price 384.20 cents in August. The first resistance seen in this tinggiminggu point of 405.80 cents and then at 407.50 cents. The first support seen at 400.00 cents and then on Wednesday at 398.40 cents the lowest.
