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Only Gold!

  • #25,661
  • May 21, 2015 9:08am May 21, 2015 9:08am
Any opinions on price action? IMHO...U.S. numbers were not so good and coupled with FOMC minutes, it seems more likely that gold prices will rise in the intermediate term.
"The market can remain irrational longer than you can remain solvent"
  • #25,662
  • May 21, 2015 9:20am May 21, 2015 9:20am
Quoting SkyzerFX
30$ Stolen from Gold Spot by US Mafia manipulators in the matter of few sessions Pretty safe to say it's going under 1200 again today, that's their Line in the Sand. Keep selling and keep buying stocks, all going to end up fine, but don't forget to have a chair to sit on, ones music suddenly stops. Good luck.
You know what! I am becoming a sort of fan of your theories now. Look how they manipulated the market today. Bad jobs data, bad housing data, but still gold is under pressure
I had a bullish bias today, but it's good I stayed away. Good buying opportunities though for long-term, as you said, music has to stop eventually!
  • #25,663
  • May 21, 2015 9:26am May 21, 2015 9:26am
Quoting faraz37
{quote} You know what! I am becoming a sort of fan of your theories now. Look how they manipulated the market today. Bad jobs data, bad housing data, but still gold is under pressure I had a bullish bias today, but it's good I stayed away. Good buying opportunities though for long-term, as you said, music has to stop eventually!

Indeed, the music will stop, but not before gold prices take a big dip due to interest rate hike....or do you believe it is priced in? The FED actions seem be geared towards saving the FED, and not the economy.

It's likely that the FED will not raise rates too high or too fast and that many more buyers will flood the market if prices reach at or near the 1,000 level.
"The market can remain irrational longer than you can remain solvent"
  • #25,664
  • May 21, 2015 9:29am May 21, 2015 9:29am
CL @ 60.3x and I'm loving this sentiment of mine..

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  • #25,665
  • May 21, 2015 9:30am May 21, 2015 9:30am
Quoting ClockTrader
{quote} {quote} At the end of day, it will always be about numbers and with the Grace of God, I'll prove my point. Thanks for the moral support! God bless everyone!!
> At the end of day, it will always be about numbers

----> From numbers, I meant the greenery in my account..
Hello World!
  • #25,666
  • May 21, 2015 10:02am May 21, 2015 10:02am
This is off the topic.. for football lovers.. See Messi in action:

Inserted Video
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  • #25,667
  • May 21, 2015 10:12am May 21, 2015 10:12am
Quoting anton.olff
{quote} Indeed, the music will stop, but not before gold prices take a big dip due to interest rate hike....or do you believe it is priced in? The FED actions seem be geared towards saving the FED, and not the economy. It's likely that the FED will not raise rates too high or too fast and that many more buyers will flood the market if prices reach at or near the 1,000 level.
Well, Gold will take a dip on rate hike. But rate hike... in June? this year? next year? I dont think so...! I believe the US economy is in a bad shape than ever. All these numbers they give out look rosy, but the real picture is really grim. On top of this, the world economy in not recovering as expected. China slowdown is a big hinderance for overall economic revival too, infact China is set to expeirence more slowdown in the near term. Even if the US economy was getting better (which actually is not!) what are they good for when their worldwide counterparts are all getting drained. In these kind of times if US economy shows signs of improvement, it would be catastrophic to get excited and raise the interest rates and make borrowing expensive. We'll you could read this sentiment of fed in their recent minutes too.

I am not a believer of consipiracy theories not because I also dont think they're stupid, thats because I always find other reasons explaining the price movements. But this wierd movements have become so common recently that I do sometimes ask myself If I am being fooled here.

As for the gold price... I really really don't thing 1000 level is reachable. There are so many bargain hunters out there (including banks and insitutions) that it's next to impossible (in my point of view) price is ever getting there, especially in these times of economic uncertainty.
  • #25,668
  • May 21, 2015 6:04pm May 21, 2015 6:04pm
Quoting kinspk
{quote} Dude, that goes your virgin post. I nearly puke my breakfast.
Those that get up at 5 a.m. rule the world.
  • #25,669
  • May 21, 2015 8:32pm May 21, 2015 8:32pm
Quoting KoraDuba
{quote}
Quoting kinspk
{quote} Dude, that goes your virgin post. I nearly puke my breakfast.
You guys can enjoy making fun of me.. While I shall enjoy my work.. my R&D and my tests.. I know most people here don't like phrases like "testing" R&D and all that..

Well.. I'm just gonna do what I enjoy.. I enjoy my work and Work is worship for me.. I'm having good time.. Hope you guys are too..

On other note, my system close to Holy Grail is not a SCAM!

I'm here and I'll prove it.. :-)
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  • #25,670
  • May 21, 2015 11:49pm May 21, 2015 11:49pm
Quoting faraz37
{quote} Well, Gold will take a dip on rate hike. But rate hike... in June? this year? next year? I dont think so...! I believe the US economy is in a bad shape than ever. All these numbers they give out look rosy, but the real picture is really grim. On top of this, the world economy in not recovering as expected. China slowdown is a big hinderance for overall economic revival too, infact China is set to expeirence more slowdown in the near term. Even if the US economy was getting better (which actually is not!) what are they good for when their...
A very thoughtful analysis. I have no crystal ball, but I do think the FED will raise rates later this year. I agree about the weak economy (EU as well), and the global implications of Chinese situation. However, the FED may not be looking to fulfill their mandate regarding inflation (we have deflation now) or employment (we have underemployment) but rather to save itself and preserve it's power. The only way to accomplish this...and stave off the inevitable decline of the USD...is by raising interest rates. Conspiracy theories aside, a rate hike...or a series of rate hikes over a period of time (years) will likely (it's all about probabilities after all) send gold down to 1,000 (IMHO...$988), especially if inflation remains subdued. Perhaps price action will not get there due to demand (you are correct about bargain hunters and banks), but I believe it likely since many gold bugs might head for exits (herd mentality) when prices start dropping.
"The market can remain irrational longer than you can remain solvent"
  • #25,671
  • May 22, 2015 1:39pm May 22, 2015 1:39pm
Anton, Remind me what was the Interest Rates during 2002-2007 when gold Triple in price?

Yeah, I can tell yah 5-6%. Stupid FED will rise maybe 0.000000002%

And that supposed to

cut GOLD price by 20%? B*LLLSHIT!.. By raising rates more, they

increasing their Debt Cost and overall need for additional money printing.

What's sending GOLD lower it's the Constant NY Session Paper

Spot Manipulation Fraud.. Non F* Stop! Check last 2 session and CFTC acting dumb blind.

I'm Sick of this" check 2 days in the row Same patterns same time

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  • #25,672
  • May 24, 2015 1:56pm May 24, 2015 1:56pm
Here in commercial forum there is no options of poll. But the two gold thread here becomes to much exciting right now .

To me Gold is near a critical level of 1200. Break of it and gold will go to hell . Again if it hold another bull ride is possible and even above recent high of 1232. SO its a real 50-50 condition to me. Though most of trader have taken their firm bias already.

So be safe this week . Gold can be wild this week.
  • #25,673
  • May 24, 2015 9:01pm May 24, 2015 9:01pm
Quoting SkyzerFX
Anton, Remind me what was the Interest Rates during 2002-2007 when gold Triple in price? Yeah, I can tell yah 5-6%. Stupid FED will rise maybe 0.000000002% And that supposed to cut GOLD price by 20%? B*LLLSHIT!.. By raising rates more, they increasing their Debt Cost and overall need for additional money printing. What's sending GOLD lower it's the Constant NY Session Paper Spot Manipulation Fraud.. Non F* Stop! Check last 2 session and CFTC acting dumb blind. I'm Sick of this" check 2 days in the row Same patterns same time {image}
Then trade the patterns if it is that obvious. My crystal ball is telling me that gold will likely dip later this year and then take off again as you're right about the money printing. However, the USD could still be the cleanest shirt in the dirty laundry, especially if China's economy implodes...and while that would tend to have a positive price effect for gold, the average Chinese will be selling everything that isn't nailed down...including gold, and buying dollars, rational or not.
"The market can remain irrational longer than you can remain solvent"
  • #25,674
  • May 25, 2015 12:07am May 25, 2015 12:07am
I seek a little guidance/inputs regarding MT4 indicators on different OS

All indi.. work fine on Windows... however, I can't pick any indi from net and install it on Android (MT4).. Only indi.. that work fine on Android are the ones that come built-in..

Going forward I'm thinking of using Mac, (maybe or maybe not).. Would I have any difficulty installing indicators like VSA on MT4 for Mac?

Does MT4 for Mac work just like MT4 for Windows? Any inputs shall be highly appreciated.
Hello World!
  • #25,675
  • May 25, 2015 12:42am May 25, 2015 12:42am
Quoting ClockTrader
I seek a little guidance/inputs regarding MT4 indicators on different OS All indi.. work fine on Windows... however, I can't pick any indi from net and install it on Android (MT4).. Only indi.. that work fine on Android are the ones that come built-in.. Going forward I'm thinking of using Mac, (maybe or maybe not).. Would I have any difficulty installing indicators like VSA on MT4 for Mac? Does MT4 for Mac work just like MT4 for Windows? Any inputs shall be highly appreciated.
MT4 for Mac is a myth as far as I know. You gotta install a Wine application which will run MT4 in a virtual environment (which is basically windows). So you invest $1000+ on a Mac and run MT4 which is basically running on Windows.

I'm have been using a Mac for a long time for other reasons, and I haven't found an MT4 App till date which we can directly install on Mac.

If anyone else can share how they worked around it, I'm all ears...
Gagz
  • #25,676
  • May 25, 2015 2:45am May 25, 2015 2:45am
Quoting MCube
{quote} MT4 for Mac is a myth as far as I know. You gotta install a Wine application which will run MT4 in a virtual environment (which is basically windows). So you invest $1000+ on a Mac and run MT4 which is basically running on Windows. I'm have been using a Mac for a long time for other reasons, and I haven't found an MT4 App till date which we can directly install on Mac. If anyone else can share how they worked around it, I'm all ears...
Thanks a ton for the inputs mate!

PS: I had tried to Google, but, couldn't find anything relevant.
Hello World!
  • #25,677
  • May 25, 2015 11:25pm May 25, 2015 11:25pm
Good morning! whats the forecast today, bullish or bearish?
  • #25,678
  • May 25, 2015 11:32pm May 25, 2015 11:32pm
i am bull on gold though fed says they want to hike interest rate, watch what they do not wht they say.



Gold Prices Show a Potential Ascending Triangle Pattern

http://marketrealist.com/2015/05/gol...angle-pattern/
  • #25,679
  • May 26, 2015 7:24am May 26, 2015 7:24am
Now is the Time for American Wall Street Monkey to hit GOLD hard, Join
their London Crew,
but it doesn't matter how many times they try, they will fail.
GOLD will go above 1200 This week again, Keep selling.
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  • #25,680
  • May 26, 2015 7:28am May 26, 2015 7:28am
Quoting bluetoss
i am bull on gold though fed says they want to hike interest rate, watch what they do not wht they say. Gold Prices Show a Potential Ascending Triangle Pattern
Ohh, please, I'm scared, FED will raise rates? LOL by What MARGIN? by 0.000005% ?

Gimme a break. Gold Triple during 2002-2008 with 5-6% Rates, what you say about that?
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