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  • #15,021
  • Aug 8, 2023 10:59am Aug 8, 2023 10:59am
Quoting jordiHK
No big news today. So I find the level 1931-1925 good to buy. Small buy at 1931,10. If price goes lower close to 1925 I will buy bigger. Trade safe
OMG, the day without news was boring, but reading some stuff from here made laugh a bit.
Same idea... "Ranging mode" Bought again at 1925.
  • #15,022
  • Aug 8, 2023 11:07am Aug 8, 2023 11:07am
Quoting d1zzy
{quote} Only a soft CPI on Thursday can stop us. Missed another entry today sigh, will enter Tokyo tomorrow so I don’t keep missing these juicy drops
Maybe before the news price will be around 1910.
  • #15,023
  • Aug 8, 2023 11:12am Aug 8, 2023 11:12am
i hope all donnkeys in this world are now selling their Gold to us before we rise it above 2050. (Jerome Powell)
  • #15,024
  • Edited 11:40am Aug 8, 2023 11:12am | Edited 11:40am
perma gold bulls or gold bugs as we call them in america are usually pessimistic glass is half empty doom and gloom end of the world fantasists

its hard to have an intelligent conversation with them cause they want society back to a period where most of the world was behind a plow horse planting crops..

big part of the reason gold has acquired its mythical status was just plain ole simple counterfeiting LOL
https://www.rba.gov.au/publications/...%20counterfeit.

and since its almost impossible to counterfeit money now days it doesnt have that status even among banks and governments anymore it once did

they refuse to look at whats in front of their faces namely charts and will keep dreaming about a calamity so they can be proven right but whats that gona give em...same starvation everyone else will be going thru
short trump and go long the deepstate
  • #15,025
  • Aug 8, 2023 11:19am Aug 8, 2023 11:19am
Quoting Zebi
{quote} hereas a chart for your consideration...that line may be another wall bulls smack into and develop headaches because of ...that other daily h+s chart i was posting before is replaced by this new one only thing that will save bulls next week is more chinese forex intervention {image}

my line has defeated the buggers again
short trump and go long the deepstate
  • #15,026
  • Aug 8, 2023 11:22am Aug 8, 2023 11:22am
Quoting Gold-Expert
i hope all donnkeys in this world are now selling their Gold to us before we rise it above 2050. (Jerome Powell)
1st. You spoke about Jerome words. First gold above 2000, later above 2050. And in between 2150 in a month. Really? What is the source?
2nd. We know Brics are buying gold since months/years ago.
3rd. Some countries (Central Banks) are selling their dollars months/years ago.
4th. Inflation / Interest rates growing since months/years ago.
5th. External events affecting "Gold price" ( War/ Production / Politics /...)

Conclusion: Read the market and try to squeeze it. Low risk, wait for the opportunities, and feel the flow.

Trade safe
  • #15,027
  • Aug 8, 2023 11:23am Aug 8, 2023 11:23am
Quoting jordiHK
{quote} OMG, the day without news was boring, but reading some stuff from here made laugh a bit. Same idea... "Ranging mode" Bought again at 1925.
SL at BE 1925,01
  • #15,028
  • Aug 8, 2023 11:54am Aug 8, 2023 11:54am
Quoting Gold-Expert
i hope all donnkeys in this world are now selling their Gold to us before we rise it above 2050. (Jerome Powell)

ohhh come on...who got him suspended?
short trump and go long the deepstate
  • #15,029
  • Aug 8, 2023 12:21pm Aug 8, 2023 12:21pm
Quoting Zebi
{quote} ohhh come on...who got him suspended?
He posted it in the news of harker speaks...
May be the reason for suspend.
Its all about Timing!!!
  • #15,030
  • Aug 8, 2023 12:22pm Aug 8, 2023 12:22pm
Quoting Eren10
{quote} Maybe before the news price will be around 1910.
1910 is the ideal place to buy
  • #15,031
  • Aug 8, 2023 12:42pm Aug 8, 2023 12:42pm
long 1926

placed sell limits at 1931 and 1932 to cover and short

sl todays low
short trump and go long the deepstate
  • #15,032
  • Aug 8, 2023 12:59pm Aug 8, 2023 12:59pm
Quoting Zebi
{quote} ohhh come on...who got him suspended?
____________ skulldandy lol = you know Why right ?
Don’t focus on making $$$, focus on protecting what you have.
  • #15,033
  • Aug 8, 2023 1:02pm Aug 8, 2023 1:02pm
Quoting profits7
{quote} ____________ skulldandy lol = you know Why right ?

no
short trump and go long the deepstate
  • #15,034
  • Aug 8, 2023 1:07pm Aug 8, 2023 1:07pm
Ok movement, still 2 times hit my SL for my only short trades! Anyway still ok to run for better b then! Take care
Attached Image (click to enlarge)
Click to Enlarge Name: sketch-1691517984541.png Size: 68 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #15,035
  • Aug 8, 2023 1:16pm Aug 8, 2023 1:16pm
Even during peacetime, paper money posed problems for the governments and banks that issued it. The biggest difficulty, then as now, was that it is easily copied. Melting and casting silver and gold require not only expertise but expensive furnaces and workshops. But anyone with a printing press could turn out banknotes.

Historian Johnson writes, "Rural colonists were not very familiar with paper money because their daily lives did not revolve around commercial transactions; furthermore, they had a deep prejudice against it because they did not regard it as 'real' money."

just like people today LOL

counterfeiting main driver all thru history why gold had an elevated status but now with crypto gold can bbe tossed into the scrapheap

https://research.colonialwilliamsbur...ounterfeit.cfm

https://www.forumancientcoins.com/nu...20counterfeits
short trump and go long the deepstate
  • #15,036
  • Aug 8, 2023 1:21pm Aug 8, 2023 1:21pm
WHAT'S UP GUYS
i started a buy trade at gold at 1932 and its still losing... any opinons?
  • #15,037
  • Aug 8, 2023 1:34pm Aug 8, 2023 1:34pm
Quoting AliDwikat
WHAT'S UP GUYS i started a buy trade at gold at 1932 and its still losing... any opinons?
Gold will fall to 1920-1900area and then it may rise to 1950+.. today's close will help to analyse the chart for better tomorrow...

Trade safe
Its all about Timing!!!
  • #15,038
  • Aug 8, 2023 1:37pm Aug 8, 2023 1:37pm
Quoting Murugesh29
{quote} Gold will fall to 1920-1900area and then it may rise to 1950+.. today's close will help to analyse the chart for better tomorrow... Trade safe
so what do i do cover it with more money so i dont get liqudated?
  • #15,039
  • Aug 8, 2023 1:49pm Aug 8, 2023 1:49pm
Quoting AliDwikat
{quote} so what do i do cover it with more money so i dont get liqudated?
i suggest if you can, hedge it as up as you can around 1928 i guess and then wait for a good substantial fall and close the sell; ride the old buy up till you're at breakeven. I'm new at this so just my very weak two cents. Other people must have much better suggestions
  • #15,040
  • Aug 8, 2023 1:52pm Aug 8, 2023 1:52pm
Quoting Naush
{quote} i suggest if you can, hedge it as up as you can around 1928 i guess and then wait for a good substantial fall and close the sell; ride the old buy up till you're at breakeven. I'm new at this so just my very weak two cents. Other people must have much better suggestions
Good idea ^

Hedge at tomorrows high or close if you are breakeven or something and do what Naush said.
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