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

  • #46,401
  • Apr 5, 2018 8:58am Apr 5, 2018 8:58am
Quoting Goldenshot
{quote} So which LOD u mean @Suntrader LOD Level Of Detail LOD Legion Of Doom LOD Legend of Dragoon (Sony role playing game) LOD Limit Of Detection
LOD = Low of Day.

Same as HOD = High of Day.
  • #46,402
  • Apr 5, 2018 9:05am Apr 5, 2018 9:05am
da n0o0b + $hit_Disturber
  • #46,403
  • Apr 5, 2018 1:06pm Apr 5, 2018 1:06pm
One buy position @ 1325 and one buy limit @ 1321. Looks oversold.
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #46,404
  • Apr 5, 2018 1:52pm Apr 5, 2018 1:52pm
Quoting darksize
{quote} Hello MoneyZilla, could you please explain the graph with blue and orange lines to me ? What is the meaning of these two and how to read it. Thank you very much !
These are high and low moving averages of 1.
I read the tops vs the bottoms. It is not always working right, but I am happy with what I have.

For example, now on gold, h4, there are two bottoms vs one top. Careful when reading these, cause they love to wipe out the last top or the last bottom. It is connected with the equlibrium they keep in between the buys and the sells.

One top with two bottoms, if they stay like that, would mean what, according to you?

Quoting Goldenshot
{quote} I guess you were right on that point MZ, it starts to move up slowly now, is the bear back to their cave yet..? we will see.
I sensed the danger and closed my heaviest sells from 1341 around 1326. This week I was sure they will move it like a Singer clothing machine overlog. Luckly for me I did escaped the massacre today... Did participate it, but with a fresh lot of 0.01. Intuition based on experience sometimes is better than all systems get together. With an IQ 75, I have plenty of intuition available at the most important moments for me...
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Maadik Hugiis. IQ 69.
  • #46,405
  • Apr 5, 2018 6:07pm Apr 5, 2018 6:07pm
Quoting jorgen.fx
One buy position @ 1325 and one buy limit @ 1321. Looks oversold.
Niceeeeeee. Gold seems to be awaken with the latest update on the trade war. Great entry point!
  • #46,406
  • Apr 5, 2018 7:38pm Apr 5, 2018 7:38pm
Gold is not reacting as should to the Trump stunt after hours. Slow mover upward to stagnant. Silver actually as a "pun" is literally engaging better though still muted price positive upward bias momentum.

Potentially gold will get a boost I sense China will amp the bounty later its just morning in Beijing and strategy will build through day. I'd expect another bump from China into the night. Similar to earlier this week.

This is a fool’s game. This is not some Billionaire’s take over the neighborhood shopping mall building project with force advantage business transaction mentality. This is a warmonger mad man looking for a fight! With lateral paranoia of sending troops to guard a border that has been a border for years ongoing suddenly bearing some imaginary hyper threat? This is quite obvious of mental instability. Trump has been squaring off for over a year now.
As a trader of 15 years ongoing I've seen nothing this ridiculous, reckless nor dramatic on an ongoing basis in trading markets. This is a loaded pistol in a paint shaker! when it fires you can not determine where the direct hit nor the ricochet goes...

Right now we the People of America and The People of China are the one's to suffer the senseless antics of Dictatorship disguised as Corrective leadership and Complacent compartmentalized Communism that was for the most part passive. And now aroused.. The sleeping Giant has been awoken.

*Trade with caution. At this point :HFT: rigs are shifting to raw momentum mode. They already rule own and run the markets. However Momentum mode disregards all numerical logic. "It's just a pack of wolves sharing the bowl of dog food"
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"Look Left Think Right"
  • #46,407
  • Apr 5, 2018 7:42pm Apr 5, 2018 7:42pm
Gold more than Silver would be expected to move higher. Silver is way more dependent on growing economies that trade "nice".
  • #46,408
  • Apr 5, 2018 8:12pm Apr 5, 2018 8:12pm
Quoting SunTrader
Gold more than Silver would be expected to move higher. Silver is way more dependent on growing economies that trade "nice".

Silver has been artificially net shorted for years ongoing supporting consumer commodity use. It's been the backbone of a metal conspiracy for a long while. The price point where it hangs out now will climb every time it's near the bottom of 16.XX It's just a matter of time until it gets a cat bounce.
However its a commodity by 40% of its net use and only 60% haven money. vs gold at 11% commodity and of that being more a jewelry and high end electronics utilization. Don't be fooled that was the "pun". In a trade war that goes to counter production that 40% commodity use becomes a net zero. a hit within a hit. I would not surprise me to see a gold silver ration go over 100. When finally the absolution of panic kicks in I see silver drop hard then bounce up with even more force then fizzle out as metal bugs sell physical for cash in fist! Thus saturating supply to a metal that just lost its commodity utilization value. "You never see a pirate movie where they say they're looking for silver. It's the gold.. The Fog 1980.
"Look Left Think Right"
  • #46,409
  • Apr 5, 2018 8:50pm Apr 5, 2018 8:50pm
So as long as we retain Flow and Ebb the numerics suffice a range of stall points for trading range.
Image below shows the overnight into market close tomorrow Friday trading figures for Gold Comex Futures I use.
*Spot figures will differ somewhat.
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"Look Left Think Right"
  • #46,410
  • Apr 5, 2018 9:12pm Apr 5, 2018 9:12pm
Quoting Cal123
1. China has been the largest buyer of US Treasury debt. With Trump's tax cut, there will surely be a huge deficit on US gov account in the coming year. Trump simply can't risk offending China. Yet, that idiot chose to play games with China, trying to make the trade war more serious by introducing an act to protect the IP rights this week.

I would think that this week would be quite bullish for Gold in general, we may hit above 1360 again, or even 1375. If it wasn't Easter Monday today, I would think the Gold rate would have reach 1336 8hrs ago...
Rmb, China still has the last card in hand. Up til 2018, China remains the largest US treasury debt holder, currently hold 1.17 trillion USD US treasury debt, out of the total US treasury debt at 20trillion USD.

Once China decides to play this card, selling the US Treasury debt, US treasury debt interest rate will go up, (which is already now on record high). As the interest rate goes up, investors r more tempted to switch from stock to buying US treasury debt. Very high chance that US stock market will crash, which means very high chance Gold will go up (at least for short term impact). (Will hit 1375 in short term)

This is not a card China wants to play tho, unless Trump is pushing her into the corner as while selling the debt, China will lose money. In the long term, the impact on Gold is unclear as once China sells the debt, the amount of USD flowing in the market will be reduced which may need to increase the value of USD. Hard to predict which factor outweighs another yet, in long term.

Interesting note, rmb Trump did the tax cut reform back in Dec 2017? The tax cut will cost US Gov around 200billiom USD? From Jan 2018 onwards, Trump announced tariffs for solar panels n washing machines n steel n Al, the amount that can be expected to get from China is about 9billion USD. The second round of tariffs targeting China is about 60billion USD. This time is around 100billion USD.

Does the number sound familiar? My guess is Trump has this planned out all along, trying to shift the 200billiom USD deficit to China.
  • #46,411
  • Apr 5, 2018 9:22pm Apr 5, 2018 9:22pm
Quoting Cal123
FYI It's public holiday for this Thurs n Fri in both China n Hong Kong. So if the asia forex/stock market tmr sounds quieter than usual, or abnormal, for sth like Trade War, you may not wanna underestimate the impact of Trade War YET.
Quoting Cal123

One more thing, due to some changes in policies in China, the usual pathway for China citizens to invest in the Hong Kong stock market has been paused for the past 10 days, including today, and gonna be restarted next Mon. That can explain why the bullish...
[/font]

As I said on this forum earlier, today's a public holiday for Shanghai. Reaction to this update would hv be more aggressive if it wasn't a holiday today. Also, the pathway for China citizens to withdraw money from Hong Kong stock market is paused today, amd will be restarted on Mon. If today ends up being a big rally for Gold, wait til next Mon n Tue. (Announcement of nfp today should drag gold price a bit but dont expect much.)

One last thing, Chinese don't react the same way as europeans. They don't like being pissed off. They have a very large annual profit for the country for the past few years, unlike US, who used to print more money whenever there's an increase in deficit. (QE) Trade wars would impact US more than China as Chinese gov dont care about the poor in their country. They don't care if some of their own ppl starve to death as long as they can win, especially now China has just passed the rule to let her president be re-elected for an infinite amount of times. (Think of the Asian Putin). While Trump still needs to count on his voters if he wanna get re-elected. China has less to lose and is not afraid to fight back against Trumps's threats.

*Dont trust me, trust your own judgement and analysis. May the green always be with you!
  • #46,412
  • Edited 10:50pm Apr 5, 2018 10:13pm | Edited 10:50pm
Quoting MoneyZilla
These are high and low moving averages of 1. I read the tops vs the bottoms. It is not always working right, but I am happy with what I have. For example, now on gold, h4, there are two bottoms vs one top. Careful when reading these, cause they love to wipe out the last top or the last bottom. It is connected with the equlibrium they keep in between the buys and the sells. One top with two bottoms, if they stay like that, would mean what, according to you?
I see your two lines are looks like a Channel , there ... but could you please explain more about "One top with two bottoms, if they stay like that, would mean what, according to you ?" ... is it some thing like double / triple bottom ?
  • #46,413
  • Apr 5, 2018 10:32pm Apr 5, 2018 10:32pm
Good Detail Cal123..

This is indeed a dangerous situation that amazingly most everyone is shrugging off like another "Dotard Emoji" moment. Television Movies and Video games have Imbued a fix for a hero's on the way mentality.

This is a Trojan Horse if not dealt with at the table of reasoning. China has been buying up Americas residential property like wild. They don't resell.. The properties become rentals thus entrapping a "Renters Society". With China the Land Lord! If they cant get a refund from the Treasury a safety net has been built. They get it from the U.S. as in the lower case.. us.

The good deals are all grabbed up. No such thing as a reasonable priced starter home anymore across the U.S. foreign entity owned under not for profit front saddles and they by a high percentage rental houses. I live in Las Vegas. China enterprises already got a handle on this 42 million visitor a year desert Oasis.

Trump is not taking consideration to the multitude of variables right under his nose. He looks long range and lacks color of thought. I'd rarely spoke political noise until that man got the drivers seat to the U.S.

It's frightening having to consider a grown man that has 6 bankruptcies with his endorsement on them. Running a overdrawn piggy bank. But at the same time we have best selling authors that are 95% of the time Wrong selling books about the next Big Market Crash.

Because the old saying it takes money to make money his tumbleweed has somehow managed to hang on to some billions to keep regurgitating his wealth wheel and name. No good businessman tries to break the bank by starting haphazardly with a dozen projects at a time. Theres no focus. It's Jab.. Stall.. Deal.. Is this Art? Maybe in a card game with a sword fighter!

As to the purpose of this thread specifically. Gold Silver. By the PM futures movement the past few months I'm sensing a completion of allocation task with a Changing Of The Guard. Underlying structural movement of physical gold and in turn silver is happening. Not all is on record thus its the eye of the hurricane quiet thats muting the affect.

Metal bugs always bark conspiracy and thats the smoke screen the Those Them's and They's are maneuvering beneath as a dirty shield.. All the while Trump is stomping around Only starting building the Great Wall of America for the alleged Boogeyman of Mexico and China is Finishing their Next Great Wall made Of Stacking Gold.

Thats quit probably why we cant get any price momentum. The real hoarders are not ready for price participation as yet.

Anthony
"Look Left Think Right"
  • #46,414
  • Apr 6, 2018 12:22am Apr 6, 2018 12:22am
Gold for today
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  • #46,415
  • Apr 6, 2018 1:10am Apr 6, 2018 1:10am
Quoting Aleksbuk
Gold for today {image}
uh wow, so based on your preview it would drop back to the south? it's pretty risky, but oh well it still could make their maneuver that way.
The Force is with me.. Im One With the Force..
  • #46,416
  • Apr 6, 2018 2:49am Apr 6, 2018 2:49am
Quoting newhope
{quote} I see your two lines are looks like a Channel , there ... but could you please explain more about "One top with two bottoms, if they stay like that, would mean what, according to you ?" ... is it some thing like double / triple bottom ?
I do not know much about double/triple/quadruple tops/bottoms. Not interested in any candle patterns whatsoever.

Start drawing those MA1 and try to read visually what tops and bottoms are telling you?

Tip: Zigzag indicator is helpful visualization, to start with.
Tip: check how tops differ from bottoms and the vice versa? Under what conditions one is more and the other less? Under what condition The less become equal or even more? What happens around those zones?
Maadik Hugiis. IQ 69.
  • #46,417
  • Apr 6, 2018 2:55am Apr 6, 2018 2:55am
Quoting MoneyZilla
{quote} I do not know much about double/triple/quadruple tops/bottoms. Not interested in any candle patterns whatsoever. Start drawing those MA1 and try to read visually what tops and bottoms are telling you? Tip: Zigzag indicator is helpful visualization, to start with. Tip: check how tops differ from bottoms and the vice versa? Under what conditions one is more and the other less? Under what condition The less become equal or even more? What happens around those zones?
Dont you like double bottoms MZ
  • #46,418
  • Apr 6, 2018 2:58am Apr 6, 2018 2:58am
Quoting pipatronic
{quote} Dont you like double bottoms MZ
I like, but my Wife don't!
Maadik Hugiis. IQ 69.
  • #46,419
  • Apr 6, 2018 4:48am Apr 6, 2018 4:48am
FWIW

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90% of people, are wrong about 90% of everything, 90% of the time...
  • #46,420
  • Edited 5:58am Apr 6, 2018 5:44am | Edited 5:58am
Quoting MoneyZilla
{quote} No, you are wrong. She did show 9 years of history report. On one of her accounts. But deleted the post shortly after. It was something like 20k to 280k in 9 years. Only one fella here acknoledged that in a post. I did not follow with a post, cause I do not want Ronda to think I am trying to kiss her ass, as I am not looking for partners here anymore. I used to. But quit the search and have turned off all PMs, as I have realized trading cannot be a small or...
yes I understand this (bet I can't find any evidence) but she does my head in with the comments like she works for pepperstone or axitrader and ridicules (cuts out any confidence) of any method that I'm using.
if it makes her feel better that she has traded against the trade I've taken within that method
I just find it sad and don't wish to see her bile anymore
edit her pushing out mitchoss (who's helped your trading) just was the last straw
edit 2
I'm now ignored by Davit and hence unable to as she calls cheerlead his method (how did she know I was using it?????? on the wrong side of an AJ trade)
I will get my head around this, but always can be wrong
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