Unfortunately, it's sad but true. Silver has been undervalued as a precious metal for quite some time. Many have been waiting for the past few years for silver to break the 21/22 top, now that it has, it has flown up, up and away. I certainly ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Not familiar with that pattern. Yet it looks like silver has some resistance currently 43.45 and gold at 1500 Now, something you should keep in mind is the price of silver could fall almost 10 bucks and we would still be in a bull market. THat would ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Six - I'm a bit surprised - I thought you were a higher TF trader? Especially with GOLD. I get borderline heart attacks looking at the 5 minute Gold chart.. Not to mention the spread sucks! but no commissions (pick your pleasure I ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Well put. Especially the part about scalping. Sure it is great, sometimes when you are right. But the nature of scalping in and of itself is taking a lot of trades intraday. The fact here is the more trades with smaller targets the more probability ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Kwik snapshot of spot gold

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Lesser of two poors..... — My title means USD is in the dump, yet the Euro has it's issues just as well. Lesser of two evils really. Moody's downgrades Irish banks to junk The credit ratings of all Ireland’s major banks have been downgraded to ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Yes it's called correction. There is NOTHING signalling entry of a lasting short in Gold or silver at the moment. I do not consider 10 or 20 usd swings anything more than day trade scalps. Which mind you can rake in the dough. With enough lots even ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Apparently, they "revised" part of their initial statement. BS artist talking heads. Sure did move the market though. Gold paring gains once again.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

S&P cuts U.S. ratings outlook to negative — Here read. url this is a B I G deal.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

LOL LOOK AT SWISSY!!! Gold should be on fire now. I just heard there was a report US government credit rating was revised down. That is what just buoyed the markets.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Everything these days affects Gold prices in the markets. Inflation is the enemy of all Central Bankers. People like Ben Bernanke lie awake at night thinking about how to fight inflation. Inflation is one of the KEY DRIVERS of the Gold price. The US ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

That's a pretty healthy $100 USD + Drop that you are waiting for. With inflation possible in the US, China, and the renewed EUROzone problems I'd say it's wishful thinking. Doubting we even see any thing below 1425 in the next sessions. You'll ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Guys, for your convenience I have added some of these recent posts to the first post. So if you need to find them you can find them there. It's the one post I can still edit. There is also some older stuff-- the first SYM_T I posted was a ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

OK here is the chart, with notes for the next time you want to play it. I love playing SYM_Ts and Bull Flags especially on Gold Because they almost always follow true. There have not been many chart patterns lately. I feel the higher the TF the ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Price is off a dollar so far or so....

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Bullish Flag following SYM_TRI — Bullish url here

XAU/USD & XAG/USD - Gold & Silver Traders Thread

OK here is the first post for the Symmetrical Triangle which I am now going to refer to as SYM_T. I have tried to eliminate some of the mid resistances for clarity. This chart shows the MAJOR and Intermediate resistances in a line chart. THe next ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

SIXX - I do not want to forget this topic. But I am going to give a quick lesson now for those who are interested.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Here I will make a list of links on the topic — url About the possibility of fake tungsten filled Good delivery Gold bars then discussion of SLV etc.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

I agree with you Goose. I have done some research into this, it has been a while, but some things to think about. Firstly the custodian of SLV is JPM. Second, I believe they reserve the right to pay the client in cash equal to the value of the metal ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread