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Gold Discussion

  • #861
  • Dec 12, 2009 4:42pm Dec 12, 2009 4:42pm
Quoting LasVahGoose
Interesting. I think someone mentioned the COT had record commercial traders short...
monthly;y highest volume ever

ok 100 % sure now usd is going to rip

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Blogging daily now at www.volume.zone
  • #862
  • Dec 12, 2009 4:46pm Dec 12, 2009 4:46pm
Quoting malcolmb14
http://www.currencytradermag.com/
is free trading mag on the web .. really good. I subscribe to the paid futures version
I think I maybe signed up for it, I'll d/l the current issue.

Quote
and doesn’t even keep up with inflation.

Thank goodness for that.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #863
  • Dec 13, 2009 5:51am Dec 13, 2009 5:51am
I posted some charts on my blog
  • #864
  • Dec 13, 2009 8:02am Dec 13, 2009 8:02am
Quoting malcolmb14
monthly;y highest volume ever

ok 100 % sure now usd is going to rip

Attachment

Hi malcolmb14,

what kind of chart/software is that?

Thank you
  • #865
  • Dec 13, 2009 11:50am Dec 13, 2009 11:50am
now after december the gold price go to 3 digit
below to 1000
  • #866
  • Dec 13, 2009 11:50pm Dec 13, 2009 11:50pm
Quoting malcolmb14
A second idea is equally intriguing. The U.S. holds the
biggest amount of gold of any country in the world (8,966
tons; see Table 1). The U.S. could sell a few hundred tons
of gold to retire debt and still have plenty left over.
Wow, is that so? Where's the link?
  • #867
  • Dec 14, 2009 1:29am Dec 14, 2009 1:29am
Quoting pounce
Wow, is that so? Where's the link?
here is one

http://www.zerohedge.com/article/gold-holdings-country
Invincibility lies in the defence, the possibility of victory in the attack
  • #868
  • Dec 14, 2009 1:37am Dec 14, 2009 1:37am
Quoting The Jackal
Hi malcolmb14,

what kind of chart/software is that?

Thank you
I think he uses eSignal.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #869
  • Dec 14, 2009 2:46am Dec 14, 2009 2:46am
Quoting LasVahGoose
Jim Rogers recently said he's bullish on the dollar. He said everyone is pessimistic that a rally is due. I can see a dollar rally and your analysis makes sense. Now as far gold breaking under 1000, we'll have to see.
The World Is Overdue For A Currency Crisis: Jim Rogers

Jim Rogers -- who has just gone long the dollar -- does a good interview with TechTicker explaining his surprising new trade. Among other things, he expects a major currency crisis in the next year or two, and he's still uber-bullish on gold.

"It wouldn't surprise me at all to see a nice rally in the dollar,” says Jim Rogers. The legendary investor tells Tech Ticker he has started to accumulate more greenbacks as of late. Rogers is still negative on the long-term fundamentals for the dollar, noting "the U.S. is the largest debtor nation in the history of the world."

But "when everybody is on one side of the boat, invariably you should run over to the other side, for awhile," he tells Aaron [Task] in the accompanying video.

http://www.businessinsider.com/jim-r...crisis-2009-12
  • #870
  • Dec 14, 2009 3:16am Dec 14, 2009 3:16am
Quoting Lou
What is the relationship to the USD of the price of gold ?
If Gold goes up the USD goes ___________ ?

Or is it a more complicated relationship?

LOU
I think there is direct relationship between USD and the price of gold. If gold goes up the USD also goes up. Correct me if I am wrong.
  • #871
  • Dec 14, 2009 4:22am Dec 14, 2009 4:22am
Quoting LasVahGoose
I think he uses eSignal.

thank you, is the best one?

I have a long experience in equity markets but am just starting on Forex/CFD trading and at the moment it`s either MetaTrader or the Forex.com Pro platform and their charts since on MetaTrader it`s not possible to trade BCO or WTI

Cheers
  • #872
  • Edited 7:14am Dec 14, 2009 6:58am | Edited 7:14am
Quoting observer71
I think there is direct relationship between USD and the price of gold. If gold goes up the USD also goes up. Correct me if I am wrong.
When USD goes up, gold price tends to come down vice versa as the yellow metal becomes cheaper to buy if the value of USD shoots up like what's happening now. It's an inverse relationship!
  • #873
  • Dec 14, 2009 10:04am Dec 14, 2009 10:04am
Quoting silverheat
here is one

http://www.zerohedge.com/article/gold-holdings-country
Yes, right. But that shows ~9,000 tons and is valued at $300bn, nowhere near enough to pay off the debt.
  • #874
  • Dec 14, 2009 10:14am Dec 14, 2009 10:14am
gold has given a breakout on the 1Hour chart and it can head upto 1130 or even more..
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  • #875
  • Edited 6:01am Dec 15, 2009 5:23am | Edited 6:01am
Quoting bksujal
gold has given a breakout on the 1Hour chart and it can head upto 1130 or even more..

those chart look a bit crappy, worse than mine.

Can anyone suggest good charts or charting sotware to use and most of all indicator settings for Gold?

Cheers
  • #876
  • Dec 15, 2009 5:52am Dec 15, 2009 5:52am
if anyone can explain me the logic in the white long candle just after breaking the trendline on the 1 minute chart I`d appreciate it......this is driving me insane, I can`t find an entry point.
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  • #877
  • Dec 15, 2009 7:22am Dec 15, 2009 7:22am
new low on the hour but the stochastic is on the floor
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  • #878
  • Dec 15, 2009 7:31am Dec 15, 2009 7:31am
This is rwhat I just did:

went long (green arrow around $1114.90)

and had to close it on the new hourly low (red arrow)

Of course as soon I closed it , it went all the way up where I opened long and even higher.

Why????

Not to mention the broken trendline earlier. What am I doing wrong? Are the charts I am using?
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  • #879
  • Dec 15, 2009 7:36am Dec 15, 2009 7:36am
it seems a rollercoster

anyone here can help or are all busy trading?

Cheers

Look at what it is doing:
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  • #880
  • Dec 15, 2009 8:42am Dec 15, 2009 8:42am
i am unhappy with the current bullish movement.
I Am still holding my shorts though as i still believe my new 4H bar which formed 45 mins ago will be bearish in the coming hours.
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