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- Steve J replied Jun 9, 2015
JOLT report is out - good for the States and yet Gold menacingly hovers slap bang in the middle of the highest and lowest prices so far today. It's almost as if the yellow metal is beckoning us and saying: "step right this way ladies and gentlemen, ...
- Steve J replied Nov 14, 2014
You are overlooking the obvious! ClockTrader's explanation is more accurate given the timing of the sudden increase in price. Timed just after all the USA favourable news was collated for the day and many expecting a concomitant decrease in gold ...
- Steve J replied Nov 6, 2014
Thanks for the info. My inference is that it will go sub 1100 before rising. There is confidence in the dollar right now and gold is overpriced anyway.
- Steve J replied Nov 5, 2014
Statisticians, when is the last time gold went as low as 1137? Do you think it may breach 1100 and go below it this month?
- Steve J replied Oct 30, 2014
Who said fundamental news isn't important?. Yesterday's FOMC meeting affected all markets. The dollar is re-energised. Gold is heading for sub $1200. The FOMC certainly has bite!
- Steve J replied Sep 2, 2014
I thought Catempire posted $22500 profit. I was about to crack open a bottle of champagne!
- Steve J replied Aug 31, 2014
In spite of the vagaries of the Forex market, I have some good news. I've closed all positions and have made a profit of 22.5% of my balance at the start of this week. So one can certainly make money in Forex though it can be a painful learning ...
- Steve J replied Aug 29, 2014
In spite of the vagaries of the Forex market, I have some good news. I've closed all positions and have made a profit of 22.5% of my balance at the start of this week. So one can certainly make money in Forex though it can be a painful learning ...
- Steve J replied Aug 29, 2014
Note the Chicago PMI and Revised UoM Consumer Sentiment were favourable for the dollar. However, Gold surprisingly did the opposite of what was expected and appreciated by over 350 pips. The annoying thing is, this did not happen until a few minutes ...
- Steve J replied Aug 25, 2014
Long enough to know that gold does what it wants when it wants. Lately the situation has worsened in the stubborn metal moving with alacrity in the opposite direction to the financial market result! After the USA results, instead of appreciating ...
- Steve J replied Aug 25, 2014
New Home Sales proved favourable for appreciation of the stubborn metal over an hour ago and what happens?.....it drifts in the opposite direction! This vagary is hard to take and resembles being waylaid ie daylight robbery. I have got to find ...
- Steve J replied Aug 15, 2014
Here we go again! Gold suddenly depreciates by over 1000 pips and no reason is given. It does its drunken descent BEFORE the USA results come out. The Empire State Manufacturing Index, which should have caused gold appreciation, is not only ignored ...
- Steve J replied Aug 7, 2014
Anyone looking at XAUUSD would think that Unemployment Claims was unfavourable for the dollar. However on perusing the result we see it was favourable. The dollar should appreciate. The market movers will not allow that to happen; instead we have ...
- Steve J replied Aug 7, 2014
Yes you're right Catempire. I'm just trying to get over the shock. Next stage is to bulid a system that can overcome the vagaries of Forex. I'm still holding out a candle for the concept that one can earn a living out of Forex if one finds a system ...
- Steve J replied Aug 7, 2014
So you don't think there's anything wrong with the results being leaked. Man you have extremely low standards. You may as well play French Roulette. There are far better chances of making a profit in that game.
- Steve J replied Aug 7, 2014
Here we go again! The same old questionable result. Twenty minutes before the Unemploment Claims figure is released Gold suddenly drops some 300 pips. This strongly suggests the result was leaked. Lo and behold the result comes out and it points to ...
- Steve J replied Jul 17, 2014
What on earth has happened to gold? I was only gone for an hour. What a volatile, unpredictable commodity!
- Steve J replied Jul 16, 2014
I thought the PPI m/m was supposed to be high impact news. It was good news for the dollar and yet both gold and cable have appreciated! The market is simply not readable these days. It is so annoying. The market is becoming one giant pick-pocket! ...
- Steve J replied Jul 10, 2014
I wonder how one is supposed to make a profit here! The market twists, turns, ascends and descends in rapidity. You cannot get a handle on direction. Today the Ujemlloyment Claiks was good for USD to appreciate yet the first reaction was for gold to ...
- Steve J replied Jul 8, 2014
This 900 pip sudden fall is hard to fathom. The JOLT report is only a medium indicator and not as important as NFP. I'm baffled at the sudden change from bull to bear. I don't think I have what it takes to trade in such a spurious market. I may soon ...