All Majors and Gold

a break below 1595 should give way for 1587

it's been a while since i used pivot points...
daily s1 was 1595
daily is 1601

buyers have been showing up just above 95...will they manage to hold or even raise the price or sellers are just too strong today? Need MOAR bad news from Europe ))

i think that the next target for gold is one of there levels !
i think that we have spike at one of this levels !

also we have NFP next friday that i think good motivatior for the price to rich there ! !
for now i will buy at the price touch down trend line (Triangle ) the target will be 1600 !
entry around 1591 or 90

I place buy limit order at 1593.10 ! 0.6 % risk !
I think that we will retest 1600 level again !
i will remove my pending if the price go and 1600 again before activating my pending !

i thought that it would finish under 1593 myself.....but it was well protected....waiting til asian monday open

surprise surprise......


Madoff email to MarketWatch: Banks knew all along


http://www.forexfactory.com/attachme...1&d=1364476834

From marketwatch.com

http://www.forexfactory.com/resource...tory-quote.png

Bernard Madoff, speaking out from prison, says the banks knew of his Ponzi scheme all along. The perpetrator of a history-making $50 billion Ponzi scheme wrote in a letter to MarketWatch from jail that he is now telling government committees the story. Madoff: “From my first interview to the media I have said that ‘the banks must have known,’ and were complicit and contributing to my crime.”In the emailed letter, he pointed to J.P. Morgan Chase & Co. JPM +0.06% , Bank of New York Mellon Corp. BK 1.47% , HSBC Holdings PLC HBC -0.31% and Citigroup Inc. C +0.09% as having access to information ... (full story)

don't understand why the rise in hostility between usa and north korea....could it be from the movie "Olympus has fallen"....


North Korean leader orders rocket units on standby to fire at U.S. bases


From @SkyNewsBreak

http://www.forexfactory.com/resource...tory-quote.png

North Korean leader orders rocket units on standby to fire at U.S. bases in the South and Pacific

http://kingworldnews.com/kingworldne..._Disaster.html

Gold & Silver Will Now See Major Surges After Cyprus Disaster

http://kingworldnews.com/kingworldne...20Disaster.jpg



Today top Citi analyst Tom Fitzpatrick spoke with King World News about the ongoing crisis in Cyprus, knock-on effects in key markets, and what investors should look for in the gold and silver markets...




Eric King: “What are you seeing on the charts in gold?”





Fitzpatrick: “We still believe it is a basing and consolidation pattern in gold. The longer this base continues to build, the larger the impulsive move will be when gold actually breaks out. Obviously at this point in time we are still waiting for the breakout (see chart below).





http://kingworldnews.com/kingworldne...d%203%3A27.jpg






The first levels we are looking at in the short-term are located in the $1,620 to $1,625 area. If we break through that zone it is the starting point which would indicate that gold may be getting ready for the big push. Above that we are still focused on the major breakout at the $1,790 to $1,800 area. A break above that major resistance zone would take gold well above the $2,000 area, and we still believe we will see that this year.”





Fitzpatrick had this to say regarding silver: “The downside action we have seen on silver since September and October of last year still looks corrective in nature to us. We still expect a break above the critical $35 area on silver. A break above $35 on silver is the equivalent of breaking $1,791 on gold. So as silver clears that area it really opens up the way for significant gains in the price of silver.”

oooh I forgot that US is open today....will gold market be opened at any time? seems like it hasnt moved since yesterdays US close

gold
my broker fxcm closed 21:00 gmt....open monday asian time
currencies all open today from what i see....but very light volumes

when gold trading opens and this is still not resolved then gold will fly....

North Korea readies rockets after U.S. show of force


http://www.forexfactory.com/attachme...1&d=1364552782

From reuters.com

http://www.forexfactory.com/resource...tory-quote.png

North Korea put its missile units on standby on Friday to attack U.S. military bases in South Korea and the Pacific, after the United States flew two nuclear-capable stealth bombers over the Korean peninsula in a rare show of force. North Korean leader Kim Jong-un signed off on the order at a midnight meeting of top generals and "judged the time has come to settle accounts with the U.S. imperialists in view of the prevailing situation", the official KCNA news agency said. KCNA said North Korea and the United States could only settle their differences by "physical means". The ... (full story)

you trade real money and don't know when market is open or closed? thanks for your money man

still valid. no break no nothing.

calm down there ))) market not moving, nobody is getting anybody's money today, except the brokers who get their swaps

yeah. swap. xau. allright. profesionals there.
not.

the other currency gaining popularity and alternative to paper currency....is this it or back to gold standards


http://www.cnbc.com/id/100597242

Bitcoin Bonanza: Cyprus Crisis Boosts Digital Dollars


Text Size
Published: Wednesday, 27 Mar 2013 | 12:53 PM ET

http://fm.cnbc.com/applications/cnbc...g?v=1346075136 By: Jeff Cox CNBC.com Senior Writer



http://fm.cnbc.com/applications/cnbc...g?v=1364397021 Casascius | Wikipedia

They won't make a sound no matter how many of them you try to toss in a bucket, and you can't pitch them in a fountain and wish for good luck. But make no mistake, bitcoins are getting big.
The online alternative currency, previously little more than a curiosity in financial markets since its 2009 inception, has zoomed in trading value since the Cyprus banking crisis erupted two weeks ago.
With fears spreading that even insured deposits might not be safe in similar nations hit by banking crises, those looking for a haven to store their wealth have fled to the complicated world of digital cash.
"Incremental demand for bitcoin is coming from the geographic areas most affected by the Cypriot financial crisis—individuals in countries like Greece or Spain, worried that they will be next to feel the threat of deposit taxes," Nicholas Colas, chief market strategist at ConvergEx, said in a report on the startling trend.
(Read More: It's Back! Dark Cloud From Europe Stalls US Stock Market Bull Run)
Bitcoins operate on a network that, at least on the surface, resembles a typical exchange on the capital markets. Buyers can exchange their paper currencies for bitcoins and use them wherever they are accepted. Sellers can exchange their bitcoins back for their original currency.
But the value of the currency has been anything but typical.


http://thumbnails.cnbc.com/VCPS/Y201...an-Clippen.jpgPlay Video




Santelli: 'I Don't Look at Gold as Gold Anymore'

Rick Santelli explains why he thinks "the reign of gold as the Ayn Rand end product" is over.

Bitcoincharts.com lists the value of bitcoins compared to other currencies, including U.S. and Canadian dollars, euros and pounds.
On one of the U.S. currency exchanges, labeled "Mt. Gox," the bitcoin value has zoomed to more than $87 in Wednesday trade. That represents close to a 20 percent gain over just the past week, a one-month gain of 41 percent and nearly a quintupling of value in the past year.
The "Mt. Gox" euro trading has seen numbers nearly identical to the dollar pairing.
(Read More: Cyprus Controls to Hit Foreign Transactions)
A more sober perspective might suggest that bitcoins are at best a momentary bubble and at worst a risky chance to take considering their novelty.
But the trend also exemplifies just how nervous cash-holders are over the European situation.
"This is a clear sign that people are looking for alternative ways to get their money out of the country," said Christopher Vecchio, currency analyst at DailyFX. "If we're going to talk about the stability of the euro and whether or not there are going to be capital controls in place not just in Cyprus but around the euro zone, I think there is some efficacy behind bitcoins as an alternative liquidity vehicle."
The role of alternative currency had been falling largely to gold over the past several years. But the precious metal has been on a pretty aggressive downward path since its most recent peak in October.

(Read More: CNBC Explains the Wild World of Currency Trading)
Gold advocates, though, continue to stress its importance as a safe haven and store of wealth.
"Why would anyone trust an electronic form of money that could get hacked and then diluted into oblivion?" said Michael Pento, president of Pento Portfolio Strategies. "We already have a form of money that is indestructible and whose supply cannot be increased by any government or individual decree. It's called gold."

Yet currency pros are at least willing to give bitcoins the benefit of the doubt as a legitimate trading vehicle as situations like Cyprus continue to crop up.
The $964 million bitcoin network pales to the $4 trillion a day in total currency trading, but it's clearly growing.
"Right now it seems safe. Personally it wouldn't be my preferred vehicle to trade money because it's unregulated," Vecchio said. "But people are deeming it legitimate even though it's not backed by a sovereign. That could be the attraction behind it. There's no sovereign credit risks to bitcoins."
-By CNBC.com's Jeff Cox. Follow him on Twitter @JeffCoxCNBCcom.

war will push the gold up ! maybe we have gap up in gold ! watch out sellers !
http://www.forexfactory.com/news.php?do=news&id=418185

PREVIEW
http://www.investing.com/analysis/go...sterity-161055

OPEN WITH GAP ???

http://www.bloomberg.com/news/2013-0...-deposits.html