{quote} Thank you for all of your insight! I'm learning, and your explanations and responses to others' questions have been very beneficial!
I only follow traders with IQ above 160
- #38,801
- Aug 16, 2024 3:07pm Aug 16, 2024 3:07pm
- Joined Dec 2022 | Status: Trader | 1,064 Posts | Online Now
- #38,802
- Aug 16, 2024 3:09pm Aug 16, 2024 3:09pm
- | Commercial User | Joined Jul 2013 | 7,881 Posts
{quote} and rude
We watch the charts from every angle so you don't have to!!
- #38,803
- Aug 16, 2024 3:10pm Aug 16, 2024 3:10pm
- Joined Nov 2013 | Status: Only thing to change was the view. | 2,444 Posts
{quote} Buddy, I didn't say anything. I only mentioned to which price the Gold is likely to return to if and when a real retracement takes place. Obviously, the chance for the Gold to drop to 2085$ in two weeks remaining is zero to none. I just shared what prices to pay attention to and what prices are possible once the Gold really starts retracing and by the Gold I mean specifically the Monthly Chart. How likely is 2115$ in September? Not very likely... but it's possible. It's likelier that if retracement begins in September that the low will be...
”The lowest potential price for the Gold for this month is at 2085$. If the Gold doesn't drop below 2100$ this month, then in my opinion it never will.”
I don’t give a shit either way I’m just pointing out, based on what you said, there is no chance.
we’re all on a forum, buddy. It does not matter, we’re here to discuss where it might go, I don’t care if I’m wrong or right on a forum, but for me not to mention when someone says the such & it looks blatantly obvious to the opposite I would consider myself a twat if I did not highlight why.
its all good bud, its a possibility. Either way, hope you have a smashing weekend.
imo us verses black rock and oh it would feel good to take THEM to the cleaners
Que Sera
- #38,805
- Aug 16, 2024 3:12pm Aug 16, 2024 3:12pm
- | Commercial User | Joined Jul 2013 | 7,881 Posts
We watch the charts from every angle so you don't have to!!
- #38,806
- Aug 16, 2024 3:12pm Aug 16, 2024 3:12pm
- Joined Nov 2013 | Status: Only thing to change was the view. | 2,444 Posts
{quote} Yes. But before that they could target 5000 in one two years period. And in 10 years period maybe 30000. We could see strange moves especially upwards.
We might be buying a chocolate bar with £1000 in 30 years time.
it’s what makes this shit so interesting, it’s batshit crazy.
Que Sera
- #38,808
- Aug 16, 2024 3:15pm Aug 16, 2024 3:15pm
- | Commercial User | Joined Jul 2013 | 7,881 Posts
We watch the charts from every angle so you don't have to!!
- #38,810
- Aug 16, 2024 3:16pm Aug 16, 2024 3:16pm
- Joined Nov 2013 | Status: Only thing to change was the view. | 2,444 Posts
Que Sera
- #38,811
- Aug 16, 2024 3:17pm Aug 16, 2024 3:17pm
- Joined Aug 2010 | Status: Trader | 1,761 Posts
{quote} I agree. Although it’s a prediction I could never warrant making. We might be buying a chocolate bar with £1000 in 30 years time. it’s what makes this shit so interesting, it’s batshit crazy.
Just pointing out that Gold looks very bullish in the coming period. And yes everything can happen.
- #38,812
- Aug 16, 2024 3:21pm Aug 16, 2024 3:21pm
- Joined Nov 2013 | Status: Only thing to change was the view. | 2,444 Posts
Que Sera
- #38,813
- Aug 16, 2024 3:21pm Aug 16, 2024 3:21pm
Manipulation at it’s highest level , gold up 500 pips , for no reason , no news nothing, market makers working overtime today , let’s see what bring next week for investors
just kidding It's a commodity my boy so its kinda supposed to be volatile for no exact reason.
Even pullbacks could blow an account.
Rra di chelete
- #38,815
- Aug 16, 2024 3:34pm Aug 16, 2024 3:34pm
- | Commercial User | Joined Jul 2013 | 7,881 Posts
{quote} Perfectly fine! I will be bringing it down with great vengeance!! Warhammer kind of thing!!{image}
See you Monday
We watch the charts from every angle so you don't have to!!
- #38,818
- Edited 5:12pm Aug 16, 2024 4:33pm | Edited 5:12pm
- Joined Nov 2013 | Status: Only thing to change was the view. | 2,444 Posts
Options. Life without them is exceptionally disappointing.
Just want to highlight this to newbies who maybe haven’t gone near or learnt about them yet & how valuable they can be when picking a top is almost impossible, but knowing it will be lower in X timeframe isn’t.
it will
A. Make you money (possibly a lot, possibly a little)
B. Save you from “possibly” blowing your account.
the picture posted is of options that expire 28/1/2025
Do you think the price will reach 2180 by 28/1/2025 ?? Do you think it will drop below ?? Do you think it will drop soon but not reach that price ?
to open 1 put position at 2180 it currently costs £8.80 per position, the equivalent of 1 point below that number. For £880 you can open a 100 point position that has a 6 month expiry. If it dropped to 2080 within that timeframe you would make at least £9120.
It is a time adjusted price, ie: if it drops quickly then the price will rise relatively. The time left to expiry + distance = put price.
in short. If it dropped to 2400 in September, you would make good profit because the time adjusted rate is a long time + 2/3rds the price. You have have 6 months to hold it irrelevant of what happens in the mean time.
chance of success, if you hold a small account = very greatly increased.
At such times they are worth their weight in GOLD.
Just want to highlight this to newbies who maybe haven’t gone near or learnt about them yet & how valuable they can be when picking a top is almost impossible, but knowing it will be lower in X timeframe isn’t.
it will
A. Make you money (possibly a lot, possibly a little)
B. Save you from “possibly” blowing your account.
the picture posted is of options that expire 28/1/2025
Do you think the price will reach 2180 by 28/1/2025 ?? Do you think it will drop below ?? Do you think it will drop soon but not reach that price ?
to open 1 put position at 2180 it currently costs £8.80 per position, the equivalent of 1 point below that number. For £880 you can open a 100 point position that has a 6 month expiry. If it dropped to 2080 within that timeframe you would make at least £9120.
It is a time adjusted price, ie: if it drops quickly then the price will rise relatively. The time left to expiry + distance = put price.
in short. If it dropped to 2400 in September, you would make good profit because the time adjusted rate is a long time + 2/3rds the price. You have have 6 months to hold it irrelevant of what happens in the mean time.
chance of success, if you hold a small account = very greatly increased.
At such times they are worth their weight in GOLD.
Que Sera
- #38,819
- Aug 16, 2024 5:00pm Aug 16, 2024 5:00pm
- Joined Nov 2013 | Status: Only thing to change was the view. | 2,444 Posts
Que Sera
- #38,820
- Aug 16, 2024 5:21pm Aug 16, 2024 5:21pm
- Joined Jul 2011 | Status: Gold Again | 10,559 Posts
That was SAVAGE{image}
It takes a lot for me to IGNORE you, but you can try.