XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2837 | Metals Mine

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

  • #56,721
  • May 20, 2024 12:54am May 20, 2024 12:54am
Quoting Mcbeaners
{quote} higher. no way would i short this at this time. longs only.
Why not short ? Do you expect it will go that high from here on ?
  • #56,722
  • May 20, 2024 1:00am May 20, 2024 1:00am
Quoting AlxT
{quote} Why not short ? Do you expect it will go that high from here on ?
Only for correction it can go down, shorting this not worth this time,2515 can reach easily
It's all about Timing!!!
  • #56,723
  • May 20, 2024 1:07am May 20, 2024 1:07am
Quoting GoldEmpire
{quote} Only for correction it can go down, shorting this not worth this time,2515 can reach easily
Talking about silver.
  • #56,724
  • May 20, 2024 1:25am May 20, 2024 1:25am
Quoting AlxT
{quote} Why not short ? Do you expect it will go that high from here on ?
it has jumped up 10% in about 2 days. way too strong for me and in context of gold aht and copper aht. its against the trend

if you decide to short then look only to nibble and close.
In tea leaves we trust!
  • #56,725
  • May 20, 2024 6:53am May 20, 2024 6:53am
taken a long here 31.50 reckon we'll see new highs as the uk session closes.
In tea leaves we trust!
  • #56,726
  • May 20, 2024 11:37am May 20, 2024 11:37am
Quoting Mcbeaners
taken a long here 31.50 reckon we'll see new highs as the uk session closes.
too early as per usual, repositioned at .46 ish and doubled down at 31.22. new highs probably during the asian session.
In tea leaves we trust!
  • #56,727
  • May 20, 2024 11:46am May 20, 2024 11:46am
https://goldseek.com/article/silver-...ver-35oz-china

Silver Prices Trade Limit Up, Over $35/oz in China

it's all about c-c-China
In tea leaves we trust!
  • #56,728
  • May 20, 2024 12:30pm May 20, 2024 12:30pm
Quoting Mcbeaners
https://goldseek.com/article/silver-...ver-35oz-china Silver Prices Trade Limit Up, Over $35/oz in China it's all about c-c-China
?
Where? The markers are international. Shouldn't be the same price as here ?
  • #56,729
  • May 20, 2024 12:36pm May 20, 2024 12:36pm
Quoting AlxT
{quote} ? Where? The markers are international. Shouldn't be the same price as here ?
it isn't the same. china has had a premium for both gold for years (it was years ago 5 bucks, what is now i don't know). maybe silver too.

many articles abound detailing this.
In tea leaves we trust!
  • #56,730
  • May 20, 2024 12:43pm May 20, 2024 12:43pm
Quoting Mcbeaners
{quote} it isn't the same. china has had a premium for both gold for years (it was years ago 5 bucks, what is now i don't know). maybe silver too. many articles abound detailing this.
I don't know. I do research in Finance and the international database is international. Same data. See OECD, Chinese are using the same data for their research, not Chinese data. I will check what is the thing with the silver though ...
  • #56,731
  • May 20, 2024 12:46pm May 20, 2024 12:46pm
Quoting AlxT
{quote} I don't know. I do research in Finance and the international database is international. Same data. See OECD, Chinese are using the same data for their research, not Chinese data. I will check what is the thing with the silver though ...
i guess it depends what you mean by international? is the shangahi exchange influenced by US markets? yes of course. but it remains a separate market.

please do share your findings.
In tea leaves we trust!
  • #56,732
  • May 21, 2024 11:16am May 21, 2024 11:16am
silver and gold classic pring "bump and run" chart i'll sell any rallies here on the 5m
In tea leaves we trust!
  • #56,733
  • May 21, 2024 11:36pm May 21, 2024 11:36pm
Quoting Mcbeaners
silver and gold classic pring "bump and run" chart i'll sell any rallies here on the 5m
copper, silver gold making wedge breakdowns. we can argue on the trendlines but probably in play now. i held my short and added.

1.6 all line up back to the point of the breakout. which does line up with my view from the autumn contracts not showing long build. is the season over? maybe.
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In tea leaves we trust!
  • #56,734
  • May 22, 2024 6:00am May 22, 2024 6:00am
Quoting Mcbeaners
{quote} copper, silver gold making wedge breakdowns. we can argue on the trendlines but probably in play now. i held my short and added. 1.6 all line up back to the point of the breakout. which does line up with my view from the autumn contracts not showing long build. is the season over? maybe. {image} {image} {image}
closed my silver shorts for beer money. copper is/was supper profitable.

we'll wait for fomoc now.
In tea leaves we trust!
  • #56,735
  • May 22, 2024 1:58pm May 22, 2024 1:58pm
Quoting Mcbeaners
{quote} closed my silver shorts for beer money. copper is/was supper profitable. we'll wait for fomoc now.
shesh - if i had held my copper short i'd been able to take the next month off. sigh.

strong dollar setup on 4h. this is going to continue me thinks for the next few days. means my predictions above post 733 probably will come true.

now to trade it.
In tea leaves we trust!
  • #56,736
  • May 22, 2024 5:32pm May 22, 2024 5:32pm
Coulda, shoulda woulda.
  • #56,737
  • May 23, 2024 8:28am May 23, 2024 8:28am
more input like that please.

reckon the dollar will reverse here on the news. so all the physical stuff down (probably).
In tea leaves we trust!
  • #56,738
  • May 23, 2024 8:58am May 23, 2024 8:58am
Quoting Mcbeaners
more input like that please. reckon the dollar will reverse here on the news. so all the physical stuff down (probably).
yup.

gold on support here (target was met but there's another wedge setup) but silver looks ripe for a short.
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In tea leaves we trust!
  • #56,739
  • May 23, 2024 1:10pm May 23, 2024 1:10pm
i new reckon silver will hit 2.0 fib and the same for gold.
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In tea leaves we trust!
  • #56,740
  • May 24, 2024 8:00am May 24, 2024 8:00am
rather large sell side order flow on dxy - suggests news in an hour will be dollar bearish. appears euro will benefit.

meanwhile gold hit 2.0 fib over night and copper and silver held the line. so the above probably won't happen.

reckon silver will hit 1.6 on the news and bounce. copper not sure.
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In tea leaves we trust!
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