You are kind of right about the $10 000/oz for gold. Interesting link url This is a post from February The current monetary base is over 2 tril dollars, according to the St. Louis Fed. url The official gold reserves of the US stand at 8,133.5 ...

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

I read just last night that by law the CHF had to be gold backed but then they joined the IMF and it is against their rules for its members to back their currency with gold! url There isn't enough gold in the world to back currencies or the value ...

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

Au/CHF — We usually look at gold in USD terms and that it is in a massive bull market. Well it is in a massive bull market but our view is distorted by USD weakness. url If you fiddle around with the chart on this page you can get gold's ...

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

For anyone interested (it does influence the gold price) the USD has just recorded its lowest ever value against the CHF. The dollar index was at a low yesterday. As the USD goes down, gold goes up. Gold is seen to have an absolute value I guess so ...

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

No you could not have done worse to make a bearish statement. Prices go up and down, we do not dictate them, no-one here is Evelyn de Rothschild and his crowd. We simply try to anticipate them. Many threads at Forex Factory have little control over ...

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

Hi there harvest3r Anything is possible, maybe probably - the metal is so volatile in could crash the $4-5 XTrade and I are mentioning. Go buy some silver coins man if it does, might say go buy some if it doesn't. Just a point - beeb did not ...

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

LOL The answer is simple - look at the daily or 4H chart. Are the swings bigger than usual or the same as usual?

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

Too right XT - bust through $50 and it is blue skies. I would much much rather see price pull back hard to $44 and then take a nice steady run up to $100. I feel an elastic band is tight on price and I would not be surprised to see a big correction ...

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

Having plotted beeb's fork on silver, price has been sitting above the 2nd upper warning line for 36 hours now. That it is above the 2nd warning line says something about how overextended it looks to me. It has managed to close above this line on ...

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

Hmmmm - bastards. I have run a few websites and had one hacked to death by a Turkish super hacker who destroyed sites on an industrial scale. Subsequently I studied this devious pursuit. The process is not so difficult but quite what the purpose is, ...

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

You buy/sell something. You place your stop loss say 30 pips away. You are risking 30 pips. Price moves in your direction. It moves away from your buy price by 30 pips. Now you can move your stop loss to the break even price (BE), this is the price ...

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

FWIW (not much) - there are many systems on the go. The Holy Grail is a system which predicts price. No good having an indicator lagging a million miles behind. Things like pin bar and similar pa are helpful Silver is tanking right now - the pin bar ...

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

This is looking a tad bearish on silver. Price is still sitting on the warning line on beeb's fork but there is a decent sized pin bar. Price failed to get above the previous high - there would have been sell orders sat up there which smacked it ...

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

They just had a big jump. Evidence for assertion??

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

Buy on the rumour, sell on the news. Is the data worse than expected? If not worse than expect then the news is in the price. Seen bad news push prices up. The news was bad but not as bad as expected, so prices rose.

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

roots and shoots — I just thought I'd put up this something to show my roots and spiky hair, I'll call them shoots instead then it is all botanical. This is not a system but it can sometimes be a handy sign in the right places. This is a 5M ...

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

Well you do say. 1) If you are already long from a lower price you hang tight. Price is developing support on the fork (also at a big round number - there may be some fibs hanging around as well but not checked) - there are a few roots going down ...

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

Top man Wysie. None of this is off topic. Methods of trading can never be off topic unless they are irrational and the proponents are off their heads. They go into my ignore list. beeb mentioned trading using pitchforks - now several here are at ...

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

VSA? Volume Spread Analysis? Yet more to learn. The more you learn, the more you understand and know.... To beeb XTrade mentioned USD/CHF I gleaned a weekly fork from Paul C which shows price very close to the lower parallel. So I am half expecting ...

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

Price is certainly sitting on $48 ledge. On the 4H chart there are wicks going down through 48.00 but closures above. I kind of see them like putting down roots into the soil. If you look at the charts on the shorter time frames where price rests ...

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