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- Thepipster replied Oct 1, 2013
Read this...it'll help people who don't understand why gold went down, not up on gov't shutdown. Pay attention to credit default swaps. url
- Thepipster replied Sep 30, 2013
Read this: url For a chart, just look at the week leading up to last FOMC, when gold was trending down.
- Thepipster replied Sep 30, 2013
In gold it is better to think in dollars and cents, not pips. Technically, a pip is $0.01, or one cent. If you trade 0.01 lots and price goes $1.00 in your favor, you make $1.00. The spreads typically are $0.40-$1.00, depending on the broker. Yes, a ...
- Thepipster replied Sep 24, 2013
What do you guys think about CNBC saying some "chicago" traders got the "no taper" news early? You could tell by the early price action on gold, somebody was tipped off.
- Thepipster replied Sep 19, 2013
Bingo! ...etc.
- Thepipster replied Sep 19, 2013
My opinion of what constitutes manipulation is Goldman Sachs, and many others saying for the last 2 weeks that the taper would drive gold down, and "what a sure thing" that was, which helped them drive the price down from 1370-80 to sub 1300 levels, ...
- Thepipster replied Sep 18, 2013
x-trade...what, in your opinion, will it take to get past 1350?
- Thepipster replied Sep 18, 2013
You saw it here...trendline break, no taper
- Thepipster replied Sep 18, 2013
price is exactly where I said it would be at intersection of lines. It's 50-50 from here. image
- Thepipster replied Sep 18, 2013
Sorry...all I'm pointing out is the time the downward and horizontal lines intersect is the same time, 18 GMT, that the FOMC statement comes out. In other words, the corner of the triangle is at 18 GMT, same time as the news breaks.
- Thepipster replied Sep 18, 2013
Try this: Both the fundamental analysis and technical analysis agree that gold will be forced to breakout at the exact same time as FOMC news breaks.
- Thepipster replied Sep 18, 2013
It's no coincidence that the downward trendline intersects the horizontal resistance at the same hour as FOMC. The technicals will agree to fundamentals as far as inevitability. image
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