XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2234 | Metals Mine

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

  • #44,661
  • Nov 23, 2017 2:23pm Nov 23, 2017 2:23pm
Quoting Tengizhan
if people value bitcoin..they will discover silver..now i accumulate silver.. İt is 6 years sideways..
The paper (or probably digital since no paper even changes hands) gold and silver markets are massively larger than the actual commodities, and central banks simply store their physical holdings, so pricing is really just a market concept.
https://www.bullionstar.com/blogs/bu...ysical-market/


Look at the enclosed link to see what gold and silver pricing should be based on traditional USD/metal ratios.
http://www.usdebtclock.org/

Bitcoin and other crypto-currencies appear on the face of it to be ridiculous concepts, but once coordinated central bank regulation is passed, we will see these instruments also lose volatility and trade in narrow controlled bands.
  • #44,662
  • Nov 23, 2017 11:54pm Nov 23, 2017 11:54pm
Inserted Video
  • #44,663
  • Nov 24, 2017 1:52am Nov 24, 2017 1:52am
Quoting Vitallica
{quote} The paper (or probably digital since no paper even changes hands) gold and silver markets are massively larger than the actual commodities.
This means they will keep the gold price as low as possible, so the volumes remain similar, just to keep taking the commissions on each "contract" made, plus maybe a million other good reasons, I guess?
Maadik Hugiis. IQ 69.
  • #44,664
  • Nov 24, 2017 2:37am Nov 24, 2017 2:37am
GOLD
====

Update
-Continues sideways trading within a bearish channel (Flag).
-We counted sofar 4 legs with 5th under development.
-Clear break to 1274 will end the sideways stage and open window for a downward move toward 1238-28
with possible extension toward 1215.


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https://twitter.com/ADFINANCIALCORP/...74209851805696
  • #44,665
  • Nov 24, 2017 2:59am Nov 24, 2017 2:59am
Quoting goldgirl
{quote}{quote} I see. I believe ur trailing stop loss hit. I reload my entry at 1287 ( already move all entries to breakeven now) after my re enter long hit. I aim tp 2 1295 now with 1 lot out first then tp 3 1303.
Cancel tp 1295, aim 1303 straight
  • #44,666
  • Nov 24, 2017 4:58am Nov 24, 2017 4:58am
Quoting goldgirl
{quote} Cancel tp 1295, aim 1303 straight
Respect to you goldgirl I admire your faith in this bullish train I am in a bearish mode now aiming for 1280, with trailing stop in place though.
Golden pips to you all.
  • #44,667
  • Nov 24, 2017 6:43am Nov 24, 2017 6:43am
XAUUSD 6H Chart:
[MAs signaling a probable downturn]

Short: $1288.80
Trailing Stop -$5 [$2 steps]
TP +$10
Cheers, U2
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Wait, or you will be slaughtered!
  • #44,668
  • Nov 24, 2017 7:11am Nov 24, 2017 7:11am
[quote=sepramfx;10526409]{quote} Respect to you goldgirl I admire your faith in this bullish train I am in a bearish mode now aiming for 1280, with trailing stop in place though. Golden pips to you all.[/quote］
Chart tells me that gold is bullish
  • #44,669
  • Nov 24, 2017 9:20am Nov 24, 2017 9:20am
Hello fellow traders,

Thinking bullish from h1. In line with the correction upwards on day.

Thanks

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"The markets can remain irrational longer than you can remain solv
  • #44,670
  • Nov 25, 2017 6:14am Nov 25, 2017 6:14am
Gold failed to break above 1297 last week & ended with 3 days of lower highs . Gold appears to be on shaky ground.
Enhanced trading with the "Power of 4"
  • #44,671
  • Nov 25, 2017 11:08pm Nov 25, 2017 11:08pm
Quoting MoneyZilla
{quote} This means they will keep the gold price as low as possible, so the volumes remain similar, just to keep taking the commissions on each "contract" made, plus maybe a million other good reasons, I guess?
I must admit I have had similar views on the manipulation of the gold price. Like some people have posted before on this thread, we are stuck in a narrow trading range that has persisted for years.

This weekend I have been long on Bitcoin in a full 10 lot position, and to be honest I have been watching the trade in disbelief, 25 hours straight now as we have passed from USD8,205 to USD9,085. I even got out at USD8,800, then back in at USD8,838 as I realised the momentum had not slowed down. I am not even sure why people buy Bitcoin, but this is what a free market system without manipulation should look like.

I look forward to the pullback too, because we like to surf the wave, but gold is a stagnant pool with a wind ripple for me at the moment.
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  • #44,672
  • Nov 26, 2017 7:06am Nov 26, 2017 7:06am
Why is it manipulation "only" when it is range bound. Why not when it is going up or down?

Well actually there are a lot more claiming manipulation when it is going down because of course Gold should only go up up and up.
  • #44,673
  • Nov 26, 2017 3:50pm Nov 26, 2017 3:50pm
http://i66.tinypic.com/ririo6.jpg
  • #44,674
  • Edited 4:26pm Nov 26, 2017 4:10pm | Edited 4:26pm
Quoting SunTrader
Why is it manipulation "only" when it is range bound. Why not when it is going up or down? Well actually there are a lot more claiming manipulation when it is going down because of course Gold should only go up up and up.
The gold standard was abandoned for a host of reasons, not least of which was related to the fact that at the time a large amount of the mined gold was in public circulation. The rarity of gold should have translated into a high value, but the social implications of having millions of people with high value metal in low security settings would be socially destructive. Even at USD1,600/oz the escalation of violent crime in India related to gold theft was similar to the peak of such crime in the USA and UK in the late 1970s.

Even if the total amount of gold mined in the world was available to share as a global monetary unit (http://www.numbersleuth.org/worlds-gold/), the 165,000 tons shared among the world population (https://en.wikipedia.org/wiki/World_population) of 7.6 billion would "allow" 0.70 oz/person (21.71 g/person), and we know it would not be shared in such an equitable manner - many people on this forum would already own multiples of their "fair share" in physical metal.

The central banks hold most of the world's gold for a reason. Crypo-currencies in some ways create a rare commodity, confine it to a secure format and allow the free market to define the price. Whether it makes sense to pay USD9,500 for a digital code is another question entirely.

The bottom line is lots of people make money trading gold, it is just in a very tight range now.
  • #44,675
  • Nov 26, 2017 4:44pm Nov 26, 2017 4:44pm
Quoting Vitallica
{quote} The gold standard was abandoned for a host of reasons, not least of which was related to the fact that at the time a large amount of the mined gold was in public circulation....
Was there an answer in there to my question why there is never calls of manipulation when Gold goes higher?

All I get is you think Gold should be higher, much higher. The market somehow doesn't.

You are right and the market is wrong huh?
  • #44,676
  • Nov 26, 2017 5:23pm Nov 26, 2017 5:23pm
Quoting SunTrader
{quote} Was there an answer in there to my question why there is never calls of manipulation when Gold goes higher? All I get is you think Gold should be higher, much higher. The market somehow doesn't. You are right and the market is wrong huh?
I have no directional bias, I just look for volatility. I went through two difficult fund raising exercises for gold projects in Australia, trust me the investment community don't see gold up for a very long time, their focus is on commodity metals subject to free market pricing.

I made virtually nothing from trading XAUUSD over the last two weeks, by contrast this weekend saw BTCUSD move very significantly.

I am not here to argue with you, let's just leave it at that.
  • #44,677
  • Edited 5:55pm Nov 26, 2017 5:35pm | Edited 5:55pm
Quoting Vitallica
{quote} I have no directional bias, I just look for volatility. I went through two difficult fund raising exercises for gold projects in Australia, trust me the investment community don't see gold up for a very long time, their focus is on commodity metals subject to free market pricing. I made virtually nothing from trading XAUUSD over the last two weeks, by contrast this weekend saw BTCUSD move very significantly. I am not here to argue with you, let's just leave it at that.
Ok but I wasn't the one who brought up manipulation.
  • #44,678
  • Nov 26, 2017 5:38pm Nov 26, 2017 5:38pm
Sell-Limit Silver @ 17.08 —> 17.20 / 16.78 ...
Market is not random but unpredictable
  • #44,679
  • Nov 26, 2017 7:46pm Nov 26, 2017 7:46pm
Gold up Jpy up too?
Is there any correlation ?
  • #44,680
  • Nov 26, 2017 9:06pm Nov 26, 2017 9:06pm
Quoting Mccc
Gold up Jpy up too? Is there any correlation ?
I am not sure XAUUSD has escaped the trading range yet. In the 30 minute timeframe it moved up nicely only to stop out at the London price fix from Friday (http://www.kitco.com/gold.londonfix.html).

The JPY as the other so called safe haven trade looked promising and it seems to be tracking inverse to the Nikkei at the moment (https://www.cnbc.com/quotes/?symbol=.N225).
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