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- srt replied Aug 18, 2017
CFD charts show front month. Big traders are trading Dec. Futures. Almost no volume in front month.
- srt replied Mar 15, 2017
url Fed. Rate Hikes
- srt replied Feb 17, 2017
Gold would be worth a small fraction of it's current price if not considered a currency. For now though it's still seen as a means to store wealth. I'm not a gold bull/bear, just see it for what it is. IF china decides to make gold more important in ...
- srt replied Dec 8, 2016
Break support on silver or break resistance on gold???
- srt replied Oct 4, 2016
Yes, on the chart I showed, they were small wiggles even if price now drops to zero. You're just looking with a microscope compared to my chart. Just a "close" view compared to a "far" view. My fractals were more "monthly" compared to your "daily". ...
- srt replied Sep 15, 2016
On the daily those would be LHs & LLs but on the weekly those are just little wiggles the way I see it. I've applied the zig-zag indi to show the swing points on the weekly chart. No swing low printed yet. Price could even drop to near the green ...
- srt replied Sep 15, 2016
I think weekly needs to close below 1292 area to get bearish. Probably wrong but.............. :-)
- srt replied Sep 10, 2016
I was just giving my view of the long-term trend. Had nothing to do with my positions. ***I have futures positions(not in PMs) in my account that I've been holding for over 2 years so "yes", I do hold for long periods of time. Currently been holding ...
- srt replied Sep 10, 2016
Many ways to determine trend. No way is wrong, just depends upon what works for you. I like the simple HH, HL, etc.... :-) Currently have HH & HL so uptrend.
- srt replied Feb 29, 2016
Hi Wibie G, Thanks for the clarification :-) If your system has a good profit potential on 70 days a year then it's worth pursuing but you'd have to trade pretty heavy on those days if that's your only system. You might want to find an additional ...
- srt replied Feb 28, 2016
Without seeing more of the "statistics", then I'd say not good enough just with the known information & parameters you've set with R:R. Just hypothetical since we don't have enough data: (taking 1 trade per day)(not moving SL)(use same SL & TP every ...
- srt replied Nov 26, 2015
The physical supply/demand has very little influence on the price of gold. There's good demand right now for physical gold & silver yet prices are @ multi-year lows. Price is controlled by the futures market which is controlled by big banks & hedge ...
- srt replied Nov 26, 2015
Whenever you get the "feeling" the downtrend has ended because of a few rally days, take a look @ the monthly chart to see the bigger picture.
- srt replied Nov 7, 2015
Monthly looks lower. If 1080 area breaks, I think 1000 will be visited pretty quickly. I think 975-1000 could be turn-around area. No direct position open. Just a short gold vs. long silver spread open probably for a few years.
- srt replied Aug 30, 2015
H1 view.
- srt replied Aug 19, 2015
1142 looks like a good possibility.
- srt replied Aug 19, 2015
Cost of production & physical supply/demand really has nothing to do with the price of gold. It's all about the paper (Comex, LBMA). Is the market flooded with physical gold & silver now causing prices to drop? Gold is a currency, NOT a commodity. ...
- srt replied Jul 24, 2015
Strange time for the rally AFTER the comex close on a FRIDAY. Volume was pretty good though so could be interesting next week to see if any follow-through or just another rally to short.